Bus 402 Wk 2 Quiz 1 Chapter 1,2

BUS 402 WK 2 Quiz 1 Chapter 1,2

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1) The nation is rapidly moving from:

A) industrial to capitalism.

B) capitalism to industrial.

C) industrial to knowledge-based.

D) None of the above

2) Which of the following corporate trends have contributed to the growth of entrepreneurship?

A) The acquisition and merging of mega corporations

B) The idea that "small is beautiful" in large companies, resulting in less hierarchy and layers of management

C) The flood of venture capital being made available to small businesses

D) The downturn in international markets forcing a focus on the domestic market

3) Entrepreneurial education:

A) has become extremely popular.

B) universities are not able to meet the demand.

C) more courses are being offered in entrepreneurship.

D) All of the above

4) Researchers who study entrepreneurs have discovered that:

A) successful entrepreneurs start with an idea, resources, and a small management team.

B) there is one key set of traits that mark a successful entrepreneur.

C) entrepreneurs desire responsibility and are willing to take moderate risks.

D) the most successful entrepreneurs are willing to take extreme risks and bet the farm in order to succeed.

5) Dirk wants to be in control. He's tired of taking orders from others and wants to feel a sense of accountability for the outcome of his work. Dirk displays the entrepreneurial characteristic of:

A) the desire for immediate feedback.

B) a desire for responsibility.

C) confidence in his ability to succeed.

D) a high energy level.

6) Entrepreneurs seem to be characterized by:

A) a desire for money.

B) an inability to organize but strong conceptual skills.

C) a desire to work alone because of weak management skills and a need for control.

D) a high energy level....