Graded Homework

Entrepreneurship (MGT602) Quiz # 1

QUIZ

Time: 30 minutes

Expected:90%

Question No. 1 Marks 10

Choose the correct option (simply highlight the correct option)

1. An entrepreneur’s primary motivation for starting a business is

1. To make money
2. To be independent
3. To be famous
4. To be powerful

2. To be successful in an entrepreneurial venture, you need

1. Money
2. Luck
3. Hard work
4. A good idea

3. Entrepreneurs are best as

1. Managers
2. Venture capitalists
3. Planners
4. Doers

4. A successful entrepreneur relies on which of the following for critical management advice

1. Internal management team
2. External management professionals
3. Financial sources
4. No one

5. Entrepreneurs are:

1. High risk takers
2. Moderate risk takers
3. Small risk takers
4. Doesn’t matter

6. Entrepreneurs typically form

1. Service businesses
2. Manufacturing companies
3. Constructive companies
4. A variety of ventures

7. Entrepreneurs:

1. Are the life of the party
2. Are bores at a cocktail party
3. Will never go to parties
4. Just fit into the crowd at a party

8. Entrepreneurs and ventures capitalists:

1. Get along well
2. Are the best friends
3. Are cordial friends
4. Are in conflict

9. An entrepreneur’s primary motivation for high ego and need for achievement is based upon a relationship with:

1. Spouse
2. Mother
3. Father
4. Children

10. An individual usually begins his or her first significant entrepreneurial business enterprise at what age

1. Teens
2. Twenties
3. Forties
4. Fifties