Deck 1: Entrepreneurship: Evolutionary Development, revolutionary Impact

Question 1

Components of an enterprising mindset are:

A) self-efficacy,collaboration and communication
B) empathy and design
C) representation and identifying opportunities
D) All of these choices

Answer 1

A

Question 2

Interdisciplinary aspects of the strategic planning school of thought include which of the following strategies?

A) Mountain gap strategies,great chef strategies,better widget strategies and water well strategies
B) Mountain,water,air and fire strategies
C) Strategic planning for all departments
D) Strategic planning for the future

Answer 2

A

Question 3

The macro schools of thought covered in entrepreneurship theory are:

A)social and cultural,financial/capital,displacement and ecological
B)trait,venture and strategic planning
C)social,trait,and venture
D)strategic planning,displacement and ecological

Answer 3

A

Question 4

Entrepreneurship is:

A) a capitalist venture purely for profits
B) a dynamic process of adding value to society,business and environment
C) investing in small business
D) a process of adding sustainability to society,business and environment

Question 5

What is the integrative approach to entrepreneurship?

A) The integrative approach is built around the concepts of input to and outcomes from the entrepreneurial process
B) The integrative approach is built around the concepts of aims and objectives of the entrepreneurial process
C) The integrative approach connects all business processes into one model
D) The integrative approach is related to staff learning all parts of the business

Question 6

What is a unicorn?

A) A rapid-growth private company that reaches a valuation of $1 billion or greater within 10 years of start-up
B) A rapid-growth private company that reaches a valuation of $1 million or greater within 10 years of start-up
C) A slow-growth private company that reaches a valuation of $1 billion or greater within 20 years of start-up
D) A medium-growth private company that reaches a valuation of $1 million or greater within 20 years of start-up

Question 7

In today's economy entrepreneurs and innovators are:

A) individuals who recognise opportunities,start business and employ people
B) people who manage businesses
C) individuals who solely provide ideas to start a business
D) people who make purchases in online systems

Question 8

What is a gazelle?

A) A business establishment with at least 20 per cent sales growth every year for ten years
B) A business establishment with at least 20 per cent sales growth every year for five years
C) A business establishment with at least 50 per cent sales growth every year for five years
D) A business establishment with at least 50 per cent sales growth every year for ten years

Question 9

What are the cultures and languages that do not follow the 'undertaker' definition of entrepreneurship?

A) Malay,Thai,Indonesia,Australian Aborigines and Maori
B) Britain,Australia and USA
C) Germany,France and Switzerland
D) Russia,China and North Korea

Question 10

Great chefs' strategies are:

A) system strategies involving leveraging and building the business around great and unique people
B) system strategies involving leveraging and building the business around great resources
C) system strategies involving leveraging and building the business around great products
D) system strategies involving leveraging and building the business around unique markets

Question 11

The concept of entrepreneurialism began:

A) around the time of the industrial revolution
B) when goods began to be traded
C) in modern times
D) post-World War II

Question 12

Schools of entrepreneurial thought include:

A) minimum and maximum views
B) old and new views
C) easy and shallow views
D) macro and micro views

Question 13

What are two factors of economic development as they relate to entrepreneurship?

A) Efficient and innovation driven economies
B) Market and sales driven economies
C) Market and production driven economies
D) Communist and socialist economies

Question 14

The entrepreneurial revolution is a:

A) global trend between entrepreneurship and the economy
B) trend between entrepreneurship and the local economy
C) trend between entrepreneurship and the national economy
D) trend between entrepreneurship and the Australasian economy

Question 15

Which two indispensable contributions to any economy do entrepreneurs make?

A) Renewal process and innovations for technological change
B) Public and private sectors
C) Sole traders and companies
D) Patents and intellectual property

Question 16

Entrepreneurs are about change and competition:

A) because they change market structure
B) because they provide supply and demand
C) because they apply laws and legislation
D) because they change business structure

Question 17

There are many different types of entrepreneurs in the text,such as:

A) social entrepreneur,intrapreneur,and seniorpreneur
B) copreneur,biopreneur,and business entrepreneur
C) academicpreneurs,medipreneurs,and cultural entrepreneurs
D) All of these choices

Question 18

Small business owners:

A) may once have captured an opportunity like an entrepreneur,but now rest on their laurels,like stable sales and modest growth
B) are constantly looking for new opportunities
C) look to expand to a company or corporation
D) are all sole traders not looking to grow

Question 19

The micro view of entrepreneurship includes which of the following schools of thought?

A) Trait theory,venture opportunity and strategic planning
B) Trait theory,socio cultural and planning
C) Trait theory,financial and displacement
D) All of these choices