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Entrepreneurial Attitude Training.d

Entrepreneurial Attitude Training.d

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80 вопросов Вариант 1 Доступ 7 дней
Содержание теста

Вопросы и варианты

Без отметок и подсказок к правильным ответам

Вопрос 1

Entrepreneurial Opportunities are defined as:

  1. new market entry through entrepreneur action
  2. the entrepreneur's mental processes in deciding whether or not to act on a potential opportunity
  3. a feasibility assessment
  4. situations in which raw materials can be sold at greater than their production cost
Вопрос 2

When entrepreneurs make do by applying combinations of the resources at hand to new problems and opportunities, this is known as:

  1. sustainable entrepreneurship
  2. perceived desirability
  3. entrepreneurial intentions
  4. bricolage
Вопрос 3

On the education background, entrepreneurs:

  1. are less educated than the general population
  2. cite an educational need in the areas of finance, strategic planning etc
  3. who lack a formal education, fail to create new businesses and exploit discovered opportunities
  4. cite formal education to be indispensible in starting a new business
Вопрос 4

The moral support network is different from the professional support network in that:

  1. a professional support network includes finding a mentor
  2. moral support is less important than professional support
  3. only the "cheering squad" provides moral support
  4. a moral support network comprises only of personal contacts
Вопрос 5

… refers to the probability, and magnitude, of downside loss.

  1. Reward
  2. Risk
  3. Liability of newness
  4. Technology error
Вопрос 6

Imitation strategies:

  1. require expensive and extensive research
  2. are rare and inimitable
  3. does not provide organizational legitimacy
  4. can enhance a firm's performance
Вопрос 7

Franchising:

  1. is the only imitation strategy discussed in the text
  2. reduces risk of downside loss
  3. is the same as the me-too strategy
  4. reduces the amount of competition an entrepreneur will face
Вопрос 8

Which of the following is not a leadership characteristic of a corporate entrepreneur according to the text?

  1. Flexibility and vision
  2. Persistence
  3. Encourages teamwork
  4. Encourages colleagues to follow hierarchy
Вопрос 9

Which of the following statements is not true of the loss orientation approach to negative emotions?

  1. Loss orientation is based on both avoidance and proactiveness
  2. Loss orientation involves working through, and processing, some aspect of the loss experience
  3. Loss orientation breaks emotional bonds to the object lost
  4. Loss orientation focuses on the loss event to create an account of the failure
Вопрос 10

When establishing corporate entrepreneurship in an organization rewards should:

  1. be tied to the department in which the idea originated
  2. be tied to the parent company's stock performance
  3. be tied to the performance of the entrepreneurial unit created from the idea
  4. not be changed from whatever current system is being used so that risk is encouraged
Вопрос 11

Which of the following statements is true?

  1. Customers form the largest source of new ideas for entrepreneurs
  2. While members of the distribution channel may be willing to provide new ideas for entrepreneurs, they may not help market the
  3. The Federal Government is not a source of new ideas since the patent information they collect is confidential
  4. Potential entrepreneurs should establish a formal method for monitoring competitive products
Вопрос 12

Focus groups use which of the following methods?

  1. A moderator leads the group in an open, in-depth discussion
  2. A moderator asks each individual in the group questions, interview style
  3. Each participant fills out a questionnaire, followed by individual exit interviews
  4. Each participant obtains new ideas and solutions by focusing on problems
Вопрос 13

In this method, instead of generating new ideas themselves, consumers are provided with a list of problems in a general product category:

  1. Reverse brainstorming
  2. Problem inventory analysis
  3. Brainstorming
  4. Focus groups
Вопрос 14

Reverse brainstorming is much like brainstorming except that:

  1. criticism is not allowed
  2. the technique is based on finding solutions
  3. the group need not be careful to maintain good morale
  4. the process usually involves identification of everything wrong with an idea
Вопрос 15

All of the following statements concerning opportunity assessment plans are correct except:

  1. the first major section of the opportunity assessment plan develops and timeline
  2. an opportunity assessment plan is not a business plan
  3. the second major section of the opportunity assessment plan focuses on the market
  4. an opportunity assessment plan has four sections—two major sections and two minor sections
Вопрос 16

… is the process of an entrepreneur conducting business activities across national borders:

  1. Intrapreneurship
  2. International entrepreneurship
  3. Domestic entrepreneurship
  4. Direct importing
Вопрос 17

What term describes the practice of paying for goods indirectly through another source?

  1. Licensing
  2. Barter
  3. Promotion
  4. Exporting
Вопрос 18

Motivations for going global, discussed in the text, include all the following except?

  1. cheap shipping costs
  2. excess production capacity
  3. technological advantage
  4. competitive pressures
Вопрос 19

Which of the following statements concerning patents is not true?

  1. A patent gives the owner a negative right, preventing anyone from making, using, or selling the defined invention
  2. A utility patent has a term of 20 years
  3. Plant patents are issues under the same provisions as utility patents
  4. Utility patents were thought to be useless because it easy to design around a patent
Вопрос 20

Which government office is responsible for the federal registration of trademarks?

  1. U.S. Trademark Services
  2. Local Chambers of Commerce
  3. Patent and Trademark Office
  4. Internal Revenue Service
Вопрос 21

When determining how much help is needed to write the business plan an entrepreneur should conduct a self-assessment. In this self-assessment which skill set would not be considered?

  1. Product design
  2. Forecasting
  3. Venture capital
  4. People management
Вопрос 22

A written document describing all relevant internal and external elements and strategies for starting a new venture, best describes:

  1. a feasibility study
  2. a business plan
  3. an executive summary
  4. an environmental analysis
Вопрос 23

All of the following are questions that should be considered in the environmental and industry analysis section of the business plan except:

  1. What are total industry sales over the past five years?
  2. Who are the nearest competitors?
  3. What is my promotional strategy?
  4. What is anticipated growth in this industry?
Вопрос 24

An assessment of external uncontrollable variables that may impact the business plan is known as:

  1. an environmental analysis
  2. a description of the venture
  3. a trend analysis
  4. an executive summary
Вопрос 25

If the new venture is a manufacturing operation a(n) … in the business plan is necessary.

  1. ownership plan
  2. quality control plan
  3. production plan
  4. partnership agreement
Вопрос 26

Imitation strategies:

  1. require expensive and extensive research
  2. are rare and inimitable
  3. does not provide organizational legitimacy
  4. can enhance a firm's performance
Вопрос 27

If the new venture is not a manufacturing operation, but a retail store or service, a new section of the business plan is required, which is called the:

  1. organizational plan
  2. operational plan
  3. production plan
  4. executive summary
Вопрос 28

Which stage of marketing research is considered to be the most difficult for an entrepreneur due to lack of knowledge or experience in marketing?

  1. Analyzing and interpreting the results
  2. Gathering data from primary sources
  3. Gathering data from secondary sources
  4. Defining the purpose or objectives
Вопрос 29

A focus group should consist of:

  1. 6–8 potential customers
  2. 10–12 potential customers
  3. 14–16 potential customers
  4. 18–20 potential customers
Вопрос 30

… is the process of gathering information in order to determine who will buy the product and what is the most appropriate distribution channel.

  1. Market segmentation
  2. Marketing planning
  3. Market mixing
  4. Marketing research
Вопрос 31

In a limited liability partnership (LLP) death or withdrawal of a partner:

  1. results in automatic transfer of ownership to surviving partner(s)
  2. may result in problems trying to find a market for the shares
  3. always results in termination of the partnership
  4. has no effect on the partnership
Вопрос 32

Sole proprietorships:

  1. allow a member of the deceased partner's family take over as a partner
  2. are perpetual
  3. continue even upon the death of the owner
  4. have no time limit on how long they may exist
Вопрос 33

In an S corporation, the transfer of interest can occur:

  1. only with the consent of the other shareholders
  2. only if there is a charter provision for doing so
  3. only as long as the buyer is an individual
  4. depending on the agreement
Вопрос 34

Bonds can be used to raise capital in which form of ownership?

  1. Sole proprietorship
  2. Limited partnership
  3. General partnership
  4. Corporation
Вопрос 35

A company has a formal structure and an informal structure which evolves over time. This informal structure is a company's.

  1. culture
  2. business plan
  3. legal business form
  4. board of advisors
Вопрос 36

The … is a special type of corporation where profits are distributed to stockholders and taxed as personal income:

  1. LLC
  2. partnership
  3. S corporation
  4. proprietorship
Вопрос 37

In a limited liability company:

  1. laws governing its formation differ from state to state
  2. members may transfer their interests at any time
  3. members are not allowed to share income, profit, expense, deduction, loss and credit among themselves
  4. owners are called shareholders
Вопрос 38

The difference between a board of directors and a board of advisors is that:

  1. the board of advisors meets less frequently
  2. the board of directors lacks voting authority
  3. the board of directors is subject to less pressure of litigation
  4. the board of advisors are compensated
Вопрос 39

As the business grows:

  1. selling expenses should go down
  2. salaries and wages will go up as output increases
  3. the pro forma income statement becomes unimportant
  4. advertising expenses should go down
Вопрос 40

Using the … method of projecting cash flow, adjustments are made to net income based on the fact that cash may not actually be received or disbursed:

  1. indirect
  2. break-even
  3. direct
  4. pro forma
Вопрос 41

Typically, debt financing requires:

  1. an asset as collateral
  2. a degree of ownership in the firm
  3. reduction of short-term assets
  4. reduction of working capital
Вопрос 42

Which of the following is not an example of internal financing?

  1. Profits
  2. Accounts receivable
  3. Credit from suppliers
  4. Equity financing
Вопрос 43

When using equity financing from family and friends::

  1. business arrangements should be in good faith
  2. details such as terms of the investment and rights of the investor need not be in writing
  3. they can be more patient than other investors when they expect a return on investment
  4. since the amount of money is usually small, they do not have an ownership position in the venture
Вопрос 44

All of the following are characteristics of small businesses EXCEPT:

  1. Small businesses are independently owned, operated, and financed
  2. Small businesses have fewer than 100 employees
  3. Small businesses emphasize new or innovative practices
  4. Small businesses have little impact on industry
Вопрос 45

In a factoring arrangement, the factor:

  1. takes no risk and sustains no losses
  2. "buys" the accounts receivables of a firm
  3. receives no interest payment
  4. pays a premium for the firm's assets
Вопрос 46

When the bank advances a large percentage of the invoice price of goods and is paid on a pro-rata basis when inventory is sold this is called:

  1. a trust receipt
  2. a factoring arrangement
  3. an accounts payable loan
  4. a sale-leaseback arrangement
Вопрос 47

Which of the following is not a form of cash flow financing?

  1. Trust receipt
  2. Character loan
  3. Line of credit
  4. Installment loan
Вопрос 48

Which of the following is not one of the five Cs of lending?

  1. Caution
  2. Character
  3. Conditions
  4. Capacity
Вопрос 49

Venture capital firms prefer to invest in:

  1. high-potential ventures
  2. conventional small businesses
  3. privately-held middle market firms
  4. ventures during the early stages
Вопрос 50

Which of the following would not typically be part of a private venture capital fund?

  1. Money from state governments
  2. Money from insurance companies
  3. Money from pension funds
  4. Money from college endowment funds
Вопрос 51

The securities of certain smaller companies going public must also be qualified under the … of each state where the securities will be offered:

  1. Securities and Exchange Commission
  2. Markets Improvement Act
  3. Internal Revenue Service
  4. blue sky laws
Вопрос 52

The waiting period is the time between:

  1. hiring an underwriter and waiting to file the registration statement
  2. filing the registration statement and the SEC's reviewing to determine the adequacy of the disclosure
  3. the initial filing of the registration statement and its effective date
  4. after the initial public offering has been sold and before the listing
Вопрос 53

The penetration growth strategy:

  1. focuses on developing new products for the existing market
  2. relies on taking market share from competitors
  3. expands the firm's product offering with complementary products
  4. aims to take new products into new markets
Вопрос 54

Growth of the venture:

  1. lessens pressures on existing financial resources
  2. causes pressures on human resources
  3. lessens legitimacy of the firm
  4. lessens time spent on management decision making
Вопрос 55

Creating a positive organization culture involves.

  1. not communicating all matters to key employees
  2. being more involved in every aspect of the task, and avoiding delegation
  3. establishing a "we" spirit, not a "me" spirit in meetings and memorandum
  4. being conservative in the training process
Вопрос 56

Conducting a(n) … on cash flow involves assigning a + or − probability to the estimated value:

  1. break-even analysis
  2. audit
  3. distribution analysis
  4. sensitivity analysis
Вопрос 57

The computerized system developed by the grocery and pharmaceutical industry to link chain members is:

  1. Efficient Computer Response (ECR)
  2. Efficient Computer Distribution (ECD)
  3. Electronic Demand Distribution (EDD)
  4. Computerized Check Out Systems (CCOS)
Вопрос 58

Joint ventures are sometimes called:

  1. mergers
  2. strategic alliances
  3. acquisitions
  4. leveraged buyouts
Вопрос 59

Which of the following would be an advantage of an acquisition?

  1. Established customer base
  2. Customer familiarity with location
  3. Existing employees
  4. Success record
Вопрос 60

Which of the following would be a quantitative way to ascertain the fairness of an LBO's asking price?

  1. Price-earnings ratio
  2. Book value
  3. Present value of future earnings
  4. Price-earnings ratio, Book value & Present value of future earnings
Вопрос 61

The most common method of harvesting a venture is through:

  1. direct sale of the business
  2. an IPO
  3. liquidation
  4. employee stock ownership program
Вопрос 62

A two- to three-year plan to sell a business to employees is:

  1. an ESOP
  2. an acquisition
  3. succession
  4. the most popular method of exit
Вопрос 63

According to the Small Business Administration, the failure rate of new businesses within the first few years is:

  1. less than 25 percent
  2. about 70 percent
  3. 50 percent
  4. about 33 percent
Вопрос 64

Chapter 11 is the type of bankruptcy that results in:

  1. extended time payments
  2. liquidation
  3. reorganization
  4. turn-around time
Вопрос 65

Which methods of bankruptcy require the entrepreneur to come up with a payment plan?

  1. Chapters 11 and 13
  2. Chapters 7 and 11
  3. Chapters 7 and 13
  4. Chapters 7, 11, and 13
Вопрос 66

Suggestions for surviving bankruptcy include all of the following except:

  1. focus efforts on preparing a realistic reorganization plan
  2. understand how protection against creditors works
  3. file only after cash runs out
  4. maintain good records
Вопрос 67

The early signs of bankruptcy are most often:

  1. apparent to the entrepreneur
  2. interrelated
  3. occur in isolated instances
  4. unavoidable
Вопрос 68

Stress points are a result of all of the following except:

  1. sales
  2. the need for new key personnel
  3. major capital investment
  4. lack of time
Вопрос 69

The most severe form of bankruptcy is:

  1. Chapter 7
  2. Chapter 11
  3. Chapter 13
  4. prepackaged bankruptcy
Вопрос 70

Management buyouts usually involve a … of the venture for some predetermined price:

  1. hostile takeover
  2. foreclosure sale
  3. cash sale
  4. direct sale
Вопрос 71

Before beginning any social media strategy, it is necessary to identify the:

  1. target market
  2. market mix
  3. marketing strategy and action plan
  4. pricing structure
Вопрос 72

All efforts to develop an effective social media plan start with:

  1. Google
  2. the company website
  3. Facebook
  4. Twitter
Вопрос 73

Which of the following statements is not true of a social media plan?

  1. Any strategy involving the use of social media should be planned
  2. Social media platforms can be useful in promoting special deals or promotions
  3. Social media is not needed or recommended for companies doing B to B sales
  4. A company's website should provide links to their Facebook or Twitter page
Вопрос 74

Funds obtained from … are the least expensive in terms of cost and control.

  1. the entrepreneur's personal resources
  2. friends and family
  3. commercial banks
  4. private placement
Вопрос 75

The most likely problem encountered by innovative entrepreneurs in raising finance is:

  1. Limited security since R&D is an intangible asset
  2. The costs of the patenting system
  3. The exhaustion of personal equity in R&D
  4. Inability of potential external funders to understand technology
Вопрос 76

… crowdfunding sites allow individuals to invest in private companies for a percentage share of the company:

  1. Lending
  2. Reward-based
  3. Equity
  4. Market
Вопрос 77

Which is these are characteristics of an entrepreneur:

  1. Confidence, competition, drive, flexibility, core values, problem solving
  2. Breathe control, good balance, flexibility, core values, problem solving
  3. ambiguity, creative writing, competition, drive, fast talker
  4. Confidence, competition, fast driver, high energy, hyper activity
Вопрос 78

The most common method of harvesting a venture is through:

  1. direct sale of the business
  2. liquidation
  3. an IPO
  4. employee stock ownership program
Вопрос 79

Which form of promotion is too expensive for most entrepreneurs to use?

  1. TV
  2. Print ads
  3. Radio
  4. Webpage
Вопрос 80

Which of the following is a pitfall of social media?

  1. Setting short-term and long-terms goals to help assess the effectiveness of the plan
  2. Spending time each day to review and update material
  3. Promoting your product in every post
  4. Cultivating customer relationships