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Review Test Submission: Exercise - 1

Content
User Ms. Balabhadruni Sowmya
Course Entrepreneurship
Test Exercise - 1
Started 8/4/14 6:25 PM
Submitted 8/4/14 6:50 PM
Status Completed
Attempt Score 19 out of 20 points
Time Elapsed 24 minutes
Instructions
Question 1
1 out of 1 points

Match the following

Question Selected Match
Network Phase
C.
Innovator seeks advice and support from colleagues to develop the idea.
Entrepreneurship
A.
It can also be said to be a tendency of mind to take calculated risks with
confidence to achieve a predetermined business objective.
Bootleg Phase
D.
Working informally team proposes idea to organisation for development.
Sole Phase
B.
Individual nurtures idea to establish feasible innovation to develop.


Question 2
1 out of 1 points

The evaluation of risks and returns can be calculated by using various methods like SWOT
analysis and ETOP.

Selected Answer: True

Question 3
1 out of 1 points

" Entrepreneurship is neither a science nor an art, says____________."

Selected Answer:
Peter Drucker

Question 4
1 out of 1 points

Match the following

Question Selected Match
The intrapreneur
B.
innovative employees help the company in constructive ways to
initiate new products and services.
Culture
C.
"It is a set of social behavioural aspects, which include mainly beliefs,
knowledge, ideas and preferences."
Formal Team Phase
A.
Corporate provides budget and mandate for team to pursue formal
development of motivation.
Entrepreneurial
culture
D.
"It involves vision, values, norms and traits that are helpful for the
development of the economy."


Question 5
1 out of 1 points

The foremost key success factor is the Products or services .

Selected Answer: False

Question 6
1 out of 1 points

Markets and timing is defined as a system of beliefs about how one accomplishes an
enterprise.

Selected Answer: False

Question 7
1 out of 1 points

"Internal factors are those, which are controllable up to a certain extent."

Selected Answer: True

Question 8
1 out of 1 points

Match the following

Question Selected Match
Productivity
culture
C.
It does not only mean doing things better but doing the right things
better at the first time itself.
Organisation
culture
A.
It is the specific collection of values and norms that are shared by people
and groups.
Pinchot
D.
The concept is commonly referred to as Corporate Entrepreneurship.

Quality culture
B.
It means total quality output and customer satisfaction.

Question 9
1 out of 1 points

"External factors include the demographic environment, natural environment, technological
environment, political environment and socio-cultural environment."

Selected Answer: True

Question 10
1 out of 1 points

The most important factor that entrepreneurs monitor is Demographic environment.

Selected Answer: True

Question 11
1 out of 1 points

Entrepreneurs have to find out the opportunities after analysing the purchasing power of the
population in that area.

Selected Answer: True

Question 12
1 out of 1 points

Schumpeter emphasises on ___________ and creativity in entrepreneurship.

Selected Answer:
innovation

Question 13
1 out of 1 points

______________ identified four stages of spontaneous team development.

Selected Answer:
Pinchot

Question 14
1 out of 1 points

"McClelland identified many functions of an entrepreneur, in which managerial functions are
also included."

Selected Answer: False

Question 15
0 out of 1 points

What is the primary motive for an entrepreneur?

Selected Answer:
Independence and opportunities to create money

Question 16
1 out of 1 points

"For Frank H. Knight, entrepreneurship is about _______________."

Selected Answer:
taking risk

Question 17
1 out of 1 points

"A business depends upon the purchasing power of people and the purchasing power depends
upon people s income, savings, and debt and credit availability."

Selected Answer: True

Question 18
1 out of 1 points

An economy s growth rate is affected by how many major new technologies are discovered.

Selected Answer: True

Question 19
1 out of 1 points

"A study of the _________________ and so on includes study of government rules, laws,
regulations, government agencies."

Selected Answer:
political-legal environment

Question 20
1 out of 1 points

Business incubators includes detailed description of the firms proposed product/service.

Selected Answer: False

Monday, August 4, 2014 7:21:59 PM IST
OK