Question 1

A(n)____________________ locus of control is the belief by individuals that their future is not within their control but rather is influenced by external forces.

Accepted Answer

The answer of A(n)____________________ locus of control is the belief...

Question 2

A(n)____________________ (three words)is a human quality linked to entrepreneurship in which people are motivated to excel and pick situations in which they are likely to succeed.

Accepted Answer

The answer of A(n)____________________ (three words)is a human quality linked...

Question 3

A(n)____________________ (two words)is a product,service,system or technology which is brand new to the industry,country or world.

Accepted Answer

The answer of A(n)____________________ (two words)is a product,service,system or technology...

Question 4

A(n)__________________(two words)is a document specifying the business details prepared by an entrepreneur in preparation for opening a new business.

Accepted Answer

The answer of A(n)__________________(two words)is a document specifying the business...

Question 5

Which of these is the process of recognising the need for innovation and promoting it within an organisation?

Accepted Answer

Intrapreneurship is the process of recognizing the need for innovation and promoting it within an organization. It involves creating a culture that encourages employees to think creatively and come up with new ideas to improve the business. Franchising, entrepreneurship, social entrepreneurship, and licensing are all different concepts that do not align with the description given in the question.

Question 6

A(n)______________________(two words)is a leader who is committed to both good business and positive social change.

Accepted Answer

The answer of A(n)______________________(two words)is a leader who is committed...

Question 7

The process of initiating a business venture,organising it and assuming its risks is known as ____________________.

Accepted Answer

The answer of The process of initiating a business venture,organising...

Question 8

Which of the following would not provide the proper atmosphere for intrapreneurship?

Accepted Answer

Encouraging personnel to follow existing standards and procedures does not provide room for intrapreneurship as it promotes rigidity and inflexibility in ideas and actions. Intrapreneurship requires a certain level of risk-taking, experimentation, and pushing of boundaries to bring forth innovative solutions and ideas.

Question 9

Encouraging intrapreneurships:

Accepted Answer

Encouraging intrapreneurship means providing opportunities and resources for employees to develop and implement new ideas within the organization. This can lead to increased innovation and creativity within the business, as well as the potential for new products or services. It also helps to retain skilled and motivated employees who may otherwise leave for a more entrepreneurial environment. It may not necessarily result in spin-offs or disruption, nor does it necessarily limit innovation within the organization. However, it should be implemented carefully and with consideration for labor union concerns.

Question 10

_____________________ (three words)is the psychological characteristic that allows a person to be untroubled by disorder and uncertainty.

Accepted Answer

The answer of _____________________ (three words)is the psychological characteristic that...

Question 11

A(n)_____________________ (four words)is the belief by individuals that their future is within their control and that other external forces will have little influence.

Accepted Answer

The answer of A(n)_____________________ (four words)is the belief by individuals...

Question 12

The very first step in starting an organisation is to have a __________________________ (two words).

Accepted Answer

The answer of The very first step in starting an...

Question 13

Which of the following factors have led to the emergence of entrepreneurship?

Accepted Answer

All of the choices have led to the emergence of entrepreneurship. New opportunities and market niches create a space for new businesses to emerge. Advances in technology have made it easier to start and run businesses. Globalization and increased competition have created a need for innovation and differentiation in the marketplace. World economic growth has created more opportunities for businesses to thrive.

Question 14

A(n)____________________ locus of control is the belief by individuals that their future is within their control.

Accepted Answer

The answer of A(n)____________________ locus of control is the belief...

Question 15

_________________ (two words)combines the creativity,business smarts,passion and hard work of the traditional entrepreneur with a mission to change the world for the better.

Accepted Answer

The answer of _________________ (two words)combines the creativity,business smarts,passion and...

Question 16

A(n)___________________ is characterised as someone who has a high energy and enjoys handling every detail of their own business.

Accepted Answer

The answer of A(n)___________________ is characterised as someone who has...

Question 17

David Montgomery and David Waterhouse of Technico in Australia developed a unique method for speeding up potato seed propagation,greatly reducing the cycle time.These men may be described as ____________________.

Accepted Answer

The answer of David Montgomery and David Waterhouse of Technico...

Question 18

A ____________________ (two words)is an unincorporated business owned by an individual,carried on for profit.

Accepted Answer

The answer of A ____________________ (two words)is an unincorporated business...

Question 19

A(n)____________________ (four words)is the belief by individuals that their future is not within their control but rather is influenced by external forces.

Accepted Answer

The answer of A(n)____________________ (four words)is the belief by individuals...

Question 20

A(n)___________________ is characterised as someone who gets personal satisfaction from being a business owner.

Accepted Answer

The answer of A(n)___________________ is characterised as someone who gets...

Quiz 6: Managing Start-Ups and New Ventures