MGT602 Entrepreneurship Quiz - 1

11 Questions | Total Attempts: 1288

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MGT602 Entrepreneurship Quiz - 1 - Quiz

In the world today people are moving away from white-collar jobs and are trying to open businesses that they run. It is important for every entrepreneur to have some knowledge on management. The Mgt 602 entrepreneurship below is perfect for testing what you understood from chapter 1 to 5. Give it a shot!


Questions and Answers
  • 1. 
    A lifestyle firm exists primarily to support the owners and usually has…….growth opportunity.
    • A. 

      High

    • B. 

      moderate

    • C. 

      Low

    • D. 

      Zero

  • 2. 
    Foundation companies are………created from research and development that lay the foundation for a new  industry:
    • A. 

      Big industries

    • B. 

      Multinational companies

    • C. 

      Small industries

    • D. 

      Firms

  • 3. 
    High powered ventures  are also called  
    • A. 

      Gazelles

    • B. 

      Joint ventures

    • C. 

      Creditors

    • D. 

      Companies

  • 4. 
    There are…..types of startup ventures
    • A. 

      Four

    • B. 

      Two

    • C. 

      Five

    • D. 

      Three

  • 5. 
    A lifestyle firm exists primarily to support the……..
    • A. 

      Investors

    • B. 

      Ventures

    • C. 

      Manager

    • D. 

      Owner

  • 6. 
    Intrapreneurship means
    • A. 

      Entrepreneurship within an existing company

    • B. 

      Evolving new company

    • C. 

      Enterprenuership in a new company

    • D. 

      Entrepreneurship in joint ventures

  • 7. 
    Fllowing personal skills are required in entrepreneurship EXCEPT
    • A. 

      Innovative

    • B. 

      Risk taking

    • C. 

      Inner control

    • D. 

      Comic

  • 8. 
    Fllowing technical skills are required in entrepreneurship EXCEPT
    • A. 

      Writing

    • B. 

      Oral communication

    • C. 

      Monitoring the environment

    • D. 

      web designing

  • 9. 
    Fllowing management skills are required in entrepreneurship EXCEPT
    • A. 

      Planning

    • B. 

      Decision making

    • C. 

      Marketing

    • D. 

      Innovative

  • 10. 
    Intrapreneurship can also bridge the gap between science and………..
    • A. 

      Marketplace

    • B. 

      Technology

    • C. 

      Economy

    • D. 

      Management

  • 11. 
    • A. 

      Intrapreneurship

    • B. 

      Sole proprietorship

    • C. 

      Entrepreneurship

    • D. 

      Capital venturing

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