MGT602 Quiz # 1 Entrepreneurship

MGT602 Quiz # 1 Entrepreneurship

Subject: Business    / Management
Question

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

To make money
To be independent
To be famous
To be powerful

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

Money
Luck
Hard work
A good idea

3. Entrepreneurs are best as

Managers
Venture capitalists
Planners
Doers

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

Internal management team
External management professionals
Financial sources
No one

5. Entrepreneurs are:

High risk takers
Moderate risk takers
Small risk takers
Doesn’t matter

6. Entrepreneurs typically form

Service businesses
Manufacturing companies
Constructive companies
A variety of ventures

7. Entrepreneurs:

Are the life of the party
Are bores at a cocktail party
Will never go to parties
Just fit into the crowd at a party

8. Entrepreneurs and ventures capitalists:

Get along well
Are the best friends
Are cordial friends
Are in conflict

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

Spouse
Mother
Father
Children

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

Teens
Twenties
Forties
Fifties