7/21/2020 Quiz 1: Attempt review
Home / My courses / UGRD-ITE6301-2013T / Week 1-2: The Foundations of Entrepreneurship / Quiz 1
Started on Tuesday, 21 July 2020, 5:50 PM
State Finished
Completed on Tuesday, 21 July 2020, 6:12 PM
Time taken 21 mins 36 secs
Grade 25.00 out of 25.00 (100%)
Question 1 One characteristic of entrepreneurs that stands out is __________ .
Correct
Mark 1.00 out of Select one:
1.00
hospitality
Diversity
originality
hard work
Your answer is correct.
The correct answer is: Diversity
Question 2 Entrepreneurs are paralyzed by the prospect of failure.
Correct
Mark 1.00 out of Select one:
1.00
True
False
The correct answer is 'False'.
Question 3 Which of the following is/are the Cultural Diversity of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
a. All of the above
b. Part-time entrepreneurs
c. Immigrant entrepreneurs
d. Home-based businesses
Your answer is correct.
The correct answer is: All of the above
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7/21/2020 Quiz 1: Attempt review
Question 4 Which of the following is/are the Characteristics of Entrepreneurs?
Correct
Mark 1.00 out of Select one:
1.00
Confidence in their ability to succeed
All of the above
Desire for responsibility
Preference for moderate levels of risk – risk eliminators
Your answer is correct.
The correct answer is: All of the above
Question 5 Entrepreneurs tend to exhibit __________ .
Correct
Mark 1.00 out of Select one:
1.00
Tolerance for ambiguity
All of the above
A high degree of commitment
Flexibility
Your answer is correct.
The correct answer is: All of the above
Question 6 Which of the following is/are the Benefits of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
Reap impressive profits
All of the above
Do what you enjoy and to have fun at it
Contribute to society and to be recognized for your efforts
Your answer is correct.
The correct answer is: All of the above
Question 7 Which of the following is/are the Characteristics of Entrepreneurs?
Correct
Mark 1.00 out of Select one:
1.00
Future orientation – opportunity, necessity, and serial entrepreneurs
Value achievement over money
All of the above
Skilled at organizing
Your answer is correct.
The correct answer is: All of the above
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7/21/2020 Quiz 1: Attempt review
Question 8 Which of the following is/are the Characteristics of Entrepreneurs?
Correct
Mark 1.00 out of Select one:
1.00
High level of energy
Determination
Desire for immediate feedback
All of the above
Your answer is correct.
The correct answer is: All of the above
Question 9 Any activity which is undertaken with an intention to earn profit is called __________ .
Correct
Mark 1.00 out of Select one:
1.00
business
employment
asset
credit
Your answer is correct.
The correct answer is: business
Question 10 Which of the following is/are the Deadly Mistakes of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
Poor Location
Improper Inventory Control
Incorrect Pricing
All of the above
Your answer is correct.
The correct answer is: All of the above
Question 11 Which of the following is/are the Cultural Diversity of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
Family businesses
Corporate castoffs
Copreneurs
All of the above
Your answer is correct.
The correct answer is: All of the above
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7/21/2020 Quiz 1: Attempt review
Question 12 Which of the following is/are the Cultural Diversity of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
Corporate dropouts
All of the above
Social entrepreneurs
Retiring baby boomers
Your answer is correct.
The correct answer is: All of the above
Question 13 Which of the following is/are the Deadly Mistakes of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
Uncontrolled Growth
Weak Marketing Efforts
All of the above
Failure to develop a strategic Plan
Your answer is correct.
The correct answer is: All of the above
Question 14 Which of the following is/are the Benefits of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
Create your own destiny
Reach your full potential
Make a difference
All of the above
Your answer is correct.
The correct answer is: All of the above
Question 15 Which of the following is/are the Drawbacks of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
Discouragement
All of the above
High levels of stress
Complete responsibility
Your answer is correct.
The correct answer is: All of the above
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7/21/2020 Quiz 1: Attempt review
Question 16 Successful entrepreneurs learn to fail intelligently.
Correct
Mark 1.00 out of Select one:
1.00
True
False
The correct answer is 'True'.
Question 17 Which of the following is/are the Drawbacks of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
Uncertainty of income
All of the above
Long hours and hard work
Risk of losing your entire investment
Your answer is correct.
The correct answer is: All of the above
Question 18 Failure is a natural part of the creative process.
Correct
Mark 1.00 out of Select one:
1.00
True
False
The correct answer is 'True'.
Question 19 Which of the following is/are the Deadly Mistakes of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
Poor Financial Controls
Management Mistakes
All of the above
Lack of Experience
Your answer is correct.
The correct answer is: All of the above
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7/21/2020 Quiz 1: Attempt review
Question 20 Most entrepreneurs turn to family members and friends for _________ .
Correct
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1.00
support
motivation
love
capital
Your answer is correct.
The correct answer is: capital
Question 21 Which of the following is/are the Cultural Diversity of Entrepreneurship?
Correct
Mark 1.00 out of Select one:
1.00
Women entrepreneurs
Minority-owned enterprises
Young entrepreneurs
All of the above
Your answer is correct.
The correct answer is: All of the above
Question 22 According to study reports of Global Entrepreneurship Monitor (GEM), that men are twice as likely to
Correct start a business as women.
Mark 1.00 out of
1.00 Select one:
True
False
The correct answer is 'True'.
Question 23 Entrepreneurs tend to exhibit __________ .
Correct
Mark 1.00 out of Select one:
1.00
All of the above
none of the above
Tenacity
A willingness to work hard
Your answer is correct.
The correct answer is: All of the above
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7/21/2020 Quiz 1: Attempt review
Question 24 According to study reports of Global Entrepreneurship Monitor (GEM), entrepreneurs are most likely to
Correct launch businesses when they are between the ages of 35 and 44.
Mark 1.00 out of
1.00 Select one:
True
False
The correct answer is 'True'.
Question 25 One who creates a new business in the face of risk and uncertainty for the purpose of achieving profit
Correct and growth by identifying opportunities and assembling the necessary resources to capitalize on
Mark 1.00 out of them.
1.00
Select one:
distributor
business owner
stakeholder
entrepreneur
Your answer is correct.
The correct answer is: entrepreneur
Inside the Entrepreneurial Mind: From
◄ Foundation of Entrepreneurship Jump to...
Ideas to Reality ►
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