Entrepreneurship MCQ Quiz - Multiple Choice Questions & Answers Page 2

11. Individuals influencing an entrepreneur’s career choice and style are known as which of thefollowing?

1. Moral-support network
2. Role model
3. Professional support network
4. Support system

12. Information regarding all of the following is related to operations, EXCEPT:

1. Location
2. Promotion
3. Raw materials
4. Labor skills

13. Members of distribution channels are excellent sources for new ideas because:

1. They earn a handsome profit from new business
2. They are familiar with the needs of the market
3. They do not bother if entrepreneur bears a loss
4. They have well-developed sales force

14. SBA stands for:

1. Small business accountants
2. Small business administration
3. Small business adequacy
4. Small business advisors

15. The activity which occurs when the new venture is started is called:

1. Motivation
2. Business skills
3. Departure point
4. Goal orientation

16. The entrepreneur was distinguished from capital provider in:

1. Middle ages
2. 17th century
3. 18th century
4. 19th and 20th century

17. The level at which an individual is viewed by society is called:

1. Financial status
2. Qualification
3. Social status
4. Achievement

18. Venture capital is concerned with:

1. New project having potential for higher profit
2. New project of high technology
3. New project having high risk
4. All the above.

19. What is the process by which individuals pursue opportunities without regard to resourcesthey currently control?

1. Startup management
2. Entrepreneurship
3. Financial analysis
4. Feasibility planning

20. Which of the following factors is the most important in forcing U.S companies to focus onnew product development and increased productivity?

1. Entrepreneurship
2. Hyper competition
3. Governmental laws
4. Organizational culture