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Personal Image of an Entrepreneur.d

Personal Image of an Entrepreneur.d

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80 вопросов Вариант 1 Доступ 7 дней
Содержание теста

Вопросы и варианты

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Вопрос 1

Entrepreneurs are best characterized as:

  1. aggressive catalysts for change
  2. good managers
  3. hard to get along with
  4. not fitting in to an ordinary workplace
Вопрос 2

Entrepreneurs will always be

  1. a key factor in the stability of the small business sector
  2. hindered by lack of funding
  3. the major source of job creation and innovation in any economy
  4. a little quirky
Вопрос 3

Entrepreneurs and gazelles have been credited with making disproportionate contributions to all but which of the following?

  1. innovation
  2. job creation
  3. economic renewal
  4. unemployment
Вопрос 4

Which of the following statements best describes a “gazelle?”

  1. a business with at least 20 percent growth every year
  2. a business with no sales growth
  3. a business that has acquired numerous firms
  4. an inventor who turned business person
Вопрос 5

_____________ is the economic basis for all entrepreneurial activity.

  1. Individuality
  2. Capitalism
  3. Voodoo economics
  4. Free enterprise
Вопрос 6

The entrepreneur is one who…………..

  1. dreams all day.
  2. manages.
  3. oversees manufacturing.
  4. invents new products.
Вопрос 7

Entrepreneurial traits include which of the following?

  1. salesmanship
  2. initiative
  3. wealth
  4. edginess
Вопрос 8

Which of the following concepts is entrepreneurship considered synonymous with?

  1. free enterprise
  2. socialism
  3. multimillion dollar enterprises
  4. partnership
Вопрос 9

Which is a true statement about entrepreneurs?

  1. Entrepreneurs are doers and thinkers.
  2. All you need is money to be an entrepreneur.
  3. Ignorance is bliss for an entrepreneur.
  4. Inheriting a business is the best way to become an entrepreneur.
Вопрос 10

Most entrepreneurs should be categorized as

  1. inventors
  2. innovators
  3. lucky
  4. wealthy
Вопрос 11

Every person has the _____ and _____ to pursue a career as an entrepreneur

  1. stubbornness; stupidity
  2. potential; free choice
  3. rights; regulations
  4. obligation; duty
Вопрос 12

Entrepreneurs

  1. are driven by intense commitment and perseverance.
  2. are egomaniacs.
  3. loners who never fit in to typical firms.
  4. are never satisfied.
Вопрос 13

Characteristics often attributed to the entrepreneur include:

  1. Commitment, determination, and perseverance
  2. Prefers to be a loner
  3. Power hungry
  4. Ability to be indecisive
Вопрос 14

One could correlate _____ with a high energy level.

  1. creativity
  2. working
  3. luck
  4. reading
Вопрос 15

Team building

  1. involves including qualified people in the venture.
  2. does not threaten the entrepreneur’s autonomy.
  3. does nothing.
  4. is overrated.
Вопрос 16

One factor not found in high achievers is

  1. responsibility.
  2. failure to listen to feedback.
  3. moderate risk taking.
  4. high risk taking.
Вопрос 17

Which of the following is not a common characteristic of entrepreneurs?

  1. vision
  2. team building
  3. lack of motivational drive
  4. independence
Вопрос 18

When entrepreneurs believe that their accomplishments and setbacks are within their own control and influence, they are exhibiting

  1. persistent problem-solving.
  2. internal locus of control.
  3. external locus of control.
  4. opportunity orientation.
Вопрос 19

What characteristic(s) that propel entrepreneurs into success can be exhibited to the “extreme”?

  1. Overbearing need for control
  2. Optimism
  3. High energy
  4. Desire for success
  5. Perseverance
Вопрос 20

In starting or buying a new business, the higher the rewards, the

  1. the more minimal the risk.
  2. greater the risk.
  3. greater the size of a business.
  4. smaller the enjoyment.
Вопрос 21

Which of the following questions concerning innovation is not relevant?

  1. “What is the problem?”
  2. “Whom does it affect?”
  3. “What costs are involved?”
  4. “When should the product goes to market?”
Вопрос 22

Which of the following are keys to understanding opportunity and its development for entrepreneurs?

  1. creativity and capital
  2. innovation and creativity
  3. background and knowledge
  4. incubation and experience
Вопрос 23

Entrepreneurs sense potential in business problems by asking

  1. who is to blame for failures?
  2. what about profits?
  3. what if and why not?
  4. farfetched, unimaginative questions
Вопрос 24

The two most important aspects of creativity are

  1. design and solution.
  2. intelligence and technical competence.
  3. process and people.
  4. capital and opportunity.
Вопрос 25

One way to develop a creative mind is to

  1. read a variety of textbooks on entrepreneurship.
  2. be lucky enough to have musical parents.
  3. observe other entrepreneurs.
  4. pretend you are already creative.
Вопрос 26

Which of the following can help entrepreneurs carry out the evaluation and implementation stage?

  1. increasing energy level
  2. hide your ideas from knowledgeable people
  3. avoid advice from others
  4. ignore hunches and feelings
Вопрос 27

What are the four types of innovation?

  1. invention, extension, synthesis, duplication
  2. extension, retention, analysis, duplication
  3. synthesis, extension, retention, analysis
  4. analysis, synthesis, duplication, retention
Вопрос 28

If an entrepreneur concludes that an innovation will withstand any legal challenge, a patent should be

  1. dropped.
  2. pursued.
  3. integrated.
  4. Obfuscated
Вопрос 29

Legal protection is granted to computer programs in what form?

  1. patent
  2. trademark
  3. copyright
  4. service mark
Вопрос 30

A trademark is a distinctive _____ that is identified with a company’s product.

  1. name
  2. billboard
  3. TV
  4. storefront sign
Вопрос 31

Three specific phases that a new venture goes through are

  1. prestart-up, start-up, poststart-up.
  2. start-up, poststart-up, evaluation.
  3. beginning start-up, start-up, ending start-up.
  4. prestart-up, start-up, evaluation.
Вопрос 32

Which of the following as a factor contributing to new-venture failure?

  1. product/market problems.
  2. family issues.
  3. personality clashes.
  4. good management/poor product.
Вопрос 33

Independence and autonomy are the major driving forces behind which of the following types of ventures?

  1. small unprofitable ventures
  2. corporate ventures
  3. lifestyle ventures
  4. high-growth ventures
Вопрос 34

Many entrepreneurs lack _____ for their new venture.

  1. innovation
  2. intelligence
  3. objectivity
  4. both a and b
Вопрос 35

When a customer sees a product that is superior to its competitors, ______ becomes less important.

  1. size
  2. quantity
  3. color
  4. price
Вопрос 36

Poor financial understanding is characterized by which of the following?

  1. failure to anticipate technical difficulties
  2. inadequate understanding of costs and funding requirements
  3. failure to realize the life cycle of a product
  4. lack of product differentiation
Вопрос 37

A new venture should be

  1. cheap.
  2. unique.
  3. easy to copy.
  4. inferior to its competitors.
Вопрос 38

Many entrepreneurs lack

  1. knowledge of their product.
  2. venture uniqueness.
  3. drive.
  4. the willingness to put in long hours.
Вопрос 39

Sales growth is a critical factor in the

  1. prestart-up phase.
  2. poststart-up phase.
  3. start-up phase.
  4. evaluations phase.
Вопрос 40

Venture classifications include which of the following types of venture?

  1. hobby ventures
  2. smaller copycat ventures
  3. high-growth ventures
  4. survival ventures
Вопрос 41

When one designs a unique good or service, the individual is said to have used a(n) ____approach to starting the business.

  1. new-new
  2. old-old
  3. old-new
  4. new-old
Вопрос 42

When one discusses upside gain and downside loss, one is talking about

  1. inventory turnover.
  2. risk versus rewar
  3. asset pricing.
  4. liquidation pricing
Вопрос 43

The person who sells the franchise is usually required to do all of the following except:

  1. pay a fee.
  2. provide professional management training to the unit’s staff.
  3. help out with financial assistance.
  4. provide continuing aid and a guidance to the person buying the franchise.
Вопрос 44

A ____ is a system of distribution that enables a supplier to arrange for a dealer to handle a specific product or service under certain mutually agreed upon conditions.

  1. franchisee
  2. franchise
  3. franchisor
  4. franchiser
Вопрос 45

Which of the following is an intangible asset?

  1. goodwill
  2. inventory
  3. plant
  4. machinery
Вопрос 46

An agreement not to compete is also known as

  1. a trade restriction clause.
  2. a legal restraint of trade.
  3. a waiver of competition clause.
  4. a deferential sale of business clause.
Вопрос 47

Starting a business by adapting something already on the market is called __________.

  1. a franchising approach
  2. a buying approach
  3. a new-new approach
  4. a new-old approach
Вопрос 48

Coming up with a unique good or service is a _____ approach, while adapting something that is currently on the market or extending the offering to an area where it is not presently available is a(n) _____ approach.

  1. new-new, old-old
  2. new-old, old-old
  3. new-new, new-old
  4. new-old, old-new
Вопрос 49

When this asset is purchased, the buyer should be sure to deduct those that they are deemed uncollectible.

  1. prepaid expenses
  2. inventory
  3. accounts receivable
  4. equipment
Вопрос 50

The _____ approach indicates the importance of people’s awareness of their daily lives for developing new business ideas.

  1. new-new
  2. old
  3. old-new
  4. old
Вопрос 51

At start-up time, forms of financing include all but which of the following?

  1. equity
  2. private equity
  3. equitable payback
  4. bank loans
Вопрос 52

When starting a business, which of the following sources of financing are least likely to be used?

  1. trade credit
  2. factors
  3. leasing companies
  4. insurance companies
Вопрос 53

When starting a business, which of the following sources of financing are most likely to be used?

  1. trade credit
  2. factors
  3. leasing companies
  4. insurance companies
Вопрос 54

Which of the following would be most commonly used for medium-term financing?

  1. insurance companies
  2. trade credit
  3. finance companies
  4. leasing companies
Вопрос 55

Which of the following would be most commonly used for long-term financing?

  1. insurance companies
  2. trade credit
  3. finance companies
  4. leasing companies
Вопрос 56

When accounts receivable are bought from a company for capital funding it is called

  1. trade credit.
  2. financing.
  3. leasing.
  4. factoring.
Вопрос 57

A disadvantage of debt financing is

  1. regular interest payments.
  2. possible cash flow enhancement.
  3. inhibition of growth and development due to equity investments.
  4. relinquishment of ownership.
Вопрос 58

Short-term debt is

  1. paid back in six months.
  2. paid back in one year.
  3. paid back after sales.
  4. paid back over an indefinite period of time.
Вопрос 59

Equity capital is

  1. paid back within one year.
  2. paid back after five years.
  3. not a loan but a form of stock.
  4. loans from family.
Вопрос 60

Equity capital is often raised through:

  1. public stock offerings.
  2. option sales.
  3. donations.
  4. preferred issues.
Вопрос 61

Emerging ventures that are rapidly expanding with constantly increasing personnel size and market operations will need

  1. less formal planning because of constant changes.
  2. to formalize planning because there is a great deal of complexity.
  3. to establish a pattern of subordinate participation.
  4. to evaluate company strengths and weaknesses.
Вопрос 62

Formation of long-range plans for effective management in light of a venture’s strengths and weaknesses is referred to as

  1. dimensional planning.
  2. tactical planning.
  3. strategic planning.
  4. operational planning.
Вопрос 63

A “SWOT” analysis refers to

  1. strength, weaknesses, opportunities, threats
  2. small, weak, ordinary, tact
  3. sound warnings of takeovers
  4. none of the above
Вопрос 64

Analysis of a firm’s external and internal environments provides the firm with the information to develop

  1. a degree of uncertainty
  2. administrative experience
  3. competitive strengths
  4. strategic intent and strategic mission
Вопрос 65

A reason for lack of strategic planning has been found to be

  1. lack of preference.
  2. time sharing.
  3. lack of expertise.
  4. lack of dominance.
Вопрос 66

Which of the following is not a reason for the lack of planning in new ventures?

  1. time scarcity
  2. lack of trust
  3. lack of dominance
  4. lack of knowledge
Вопрос 67

The entrepreneurial strategy matrix measures:

  1. risk and security.
  2. commitment and time.
  3. risk and innovation.
  4. opportunity and time.
Вопрос 68

In the entrepreneurial strategy matrix, the probability of a major financial loss is categorized as

  1. an innovation.
  2. a risk.
  3. a time lag.
  4. a psychological commitment.
Вопрос 69

In the strategy matrix model, innovation is defined as

  1. an invention.
  2. something new and different.
  3. copying and improving on competitors’ products.
  4. using practical milestones.
Вопрос 70

Unique managerial concerns of growing ventures encompass all of the following except:

  1. the one-man-band syndrome
  2. community pressures
  3. time-management issues
  4. agency problems
Вопрос 71

On what occasion is a business valuation not usually essential?

  1. when giving a gift of stock
  2. when going public
  3. when selling a business division
  4. when hiring a new director of operations
Вопрос 72

Specific factors of a venture being offered for sale that should be examined include

  1. age, trends, and future.
  2. profits, sales, and operating ratios.
  3. employees, suppliers, and competitors.
  4. profits, price, product.
Вопрос 73

Potential earning power, which determines the true value of the firm, is best calculated using

  1. the price/earnings ratio method.
  2. the adjusted tangible book value method.
  3. the discounted earnings method.
  4. the adjusted tangible book value method.
Вопрос 74

Emotional bias is likely to have what effect on a seller’s valuation of a business?

  1. increase the valuation
  2. decrease the valuation
  3. have no net effect on the valuation
  4. none of the above
Вопрос 75

__________ refers to conducting a thorough analysis of every facet of an existing business.

  1. Due diligence
  2. Industry capitalization
  3. Knowledge acquisition
  4. Risk assessment
Вопрос 76

Which of the following is not a shortcoming that many closely held ventures possess?

  1. insufficient controls
  2. lack of management depth
  3. high equity and low debt
  4. divergent goals
Вопрос 77

If cash flow is deemed the most important consideration in buying a business, which valuation method is likely to be used?

  1. adjusted tangible book value
  2. price/earnings ratio
  3. high equity/low debt
  4. discounted earnings
Вопрос 78

Return on investment

  1. is net profit divided by investment.
  2. provides a replacement value.
  3. establishes a value for the business.
  4. is equal to the current prime rate.
Вопрос 79

Price/earnings ratio is a method of valuation that is

  1. most common with public corporations.
  2. not affected by market conditions.
  3. not sensitive to market conditions.
  4. not affected by competitors.
Вопрос 80

What does a post-money valuation include that a pre-money valuation does not?

  1. market value
  2. replacement value
  3. excess earnings
  4. venture capital investment