Entrepreneurship Management

1. Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?

1. Need for independence
2. Need for achievement
3. Need for affiliation
4. Need for authority

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2. Foundation companies are formed from:

1. Fashion
2. Research and development
3. Most popular business
4. winding up company

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3. All of the following are the broad categories of External forces EXCEPT:

1. Economic forces
2. S Socioeconomic forces
3. Technological forces
4. Competitive forces

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4. A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investments.

1. venture capitalist
2. entrepreneur
3. businessman
4. buyer

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5. Members of distribution channels are excellent sources for new ideas because:

1. They are familiar with the needs of the market
2. They earn a handsome profit from new business
3. They do not bother if entrepreneur bears a loss
4. They have well-developed sales force

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6. Which of the following geographical area is having least interest to U.S. entrepreneurs?

1. Europe
2. The Far East
3. Central Asia
4. Transition economies

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7. Andrew Carnegie is an example of entrepreneur of which century:

1. Earliest period
2. 19^th and 20^th century
3. Middle ages
4. 17^th century

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8. The activity which occurs when the new venture is started are called:

1. Business skills
2. Motivation
3. Departure point
4. Goal orientation

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9. The business plan should be prepared by:

1. Entrepreneurs
2. Consultants
3. Engineers
4. Small business administration services

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10. What is the primary concern of founders who trade equity for capital for their growing venture?

1. Capitalization
2. Control
3. Valuation
4. Investor capabilities

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