Question 1

A psychological characteristic that enables a person to accept the threat of competition and potential risk is called a tolerance for ambiguity.

Accepted Answer

A) True 
 B)False

Question 2

To encourage intrapreneurship in an organisation,the management should tolerate failure and use it as a learning experience.

Accepted Answer

A) True 
 B)False

Question 3

Jeff likes to set his own goals,which have an intermediate level of difficulty.Which of the entrepreneurial characteristics does he probably possess?

Accepted Answer

A)  A high need for achievement 
B)  A high need for power 
C)  An external locus of control 
D)  An inability to deal with uncertainty 
E)  Intolerance of ambiguity 
A)  A high need for achievement 
B)  A high need for power 
C)  An external locus of control 
D)  An inability to deal with uncertainty 
E)  Intolerance of ambiguity

Question 4

A __________________________ is an independent company producing a product or service similar to that produced by an entrepreneur's former employer.

Accepted Answer

The answer of A __________________________ is an independent company producing...

Question 5

A business model that provides a shared office space,management support services and management/legal advice to entrepreneurs is known as a business incubator.

Accepted Answer

A) True 
 B)False

Question 6

________________ means that people are motivated to excel and pick situations in which success is likely.

Accepted Answer

A)  External locus of control 
B)  Tolerance for ambiguity 
C)  Awareness of passing time 
D)  Internal locus of control 
E)  Need to achieve 
A)  External locus of control 
B)  Tolerance for ambiguity 
C)  Awareness of passing time 
D)  Internal locus of control 
E)  Need to achieve

Question 7

Bruce owns his own unincorporated consulting business,from which he derives a modest profit.This business is best described as a(n):

Accepted Answer

A)  partnership 
B)  sole proprietorship 
C)  corporation 
D)  association 
E)  company. 
A)  partnership 
B)  sole proprietorship 
C)  corporation 
D)  association 
E)  company.

Question 8

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 9

Which of these refers to the belief by individuals that their future is within their control and that external forces will have little influence?

Accepted Answer

A)  Awareness of passing time 
B)  Tolerance for ambiguity 
C)  Internal locus of control 
D)  External locus of control 
E)  Deferred locus of control 
A)  Awareness of passing time 
B)  Tolerance for ambiguity 
C)  Internal locus of control 
D)  External locus of control 
E)  Deferred locus of control

Question 10

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 11

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

Accepted Answer

A)  New opportunities and market niches. 
B)  Advances in technology. 
C)  Globalisation and increased competition. 
D)  World economic growth. 
E)  All of these choices. 
A)  New opportunities and market niches. 
B)  Advances in technology. 
C)  Globalisation and increased competition. 
D)  World economic growth. 
E)  All of these choices.

A psychological characteristic that enables a person to accept the threat of competition and potential risk is called a tolerance for ambiguity.

To encourage intrapreneurship in an organisation,the management should tolerate failure and use it as a learning experience.

Jeff likes to set his own goals,which have an intermediate level of difficulty.Which of the entrepreneurial characteristics does he probably possess?

A __________________________ is an independent company producing a product or service similar to that produced by an entrepreneur's former employer.

A business model that provides a shared office space,management support services and management/legal advice to entrepreneurs is known as a business incubator.

________________ means that people are motivated to excel and pick situations in which success is likely.

Bruce owns his own unincorporated consulting business,from which he derives a modest profit.This business is best described as a(n):

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

Which of these refers to the belief by individuals that their future is within their control and that external forces will have little influence?

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

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

The Changing World of Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Ethics,Social Responsibility and Sustainable Development

Organisational Planning and Goal Setting

Strategy Formulation and Implementation

Managerial Decision Making

Designing Organisation Structure

Managing Change and Innovation

Managing Human Resourcess

Managing Diversity

Individual Behaviour in Organisations

Leadership

Motivating Employees

Communication in Organisations

Leading Teams

Managerial and Quality Control

Managing the Value Chain, Information Technology and E-Business

Making Effective Management Happen

Filters

Exam 6: Managing Start-Ups and New Ventures

A psychological characteristic that enables a person to accept the threat of competition and potential risk is called a tolerance for ambiguity.

To encourage intrapreneurship in an organisation,the management should tolerate failure and use it as a learning experience.

Jeff likes to set his own goals,which have an intermediate level of difficulty.Which of the entrepreneurial characteristics does he probably possess?

A __________________________ is an independent company producing a product or service similar to that produced by an entrepreneur's former employer.

A business model that provides a shared office space,management support services and management/legal advice to entrepreneurs is known as a business incubator.

________________ means that people are motivated to excel and pick situations in which success is likely.

Bruce owns his own unincorporated consulting business,from which he derives a modest profit.This business is best described as a(n):

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

Which of these refers to the belief by individuals that their future is within their control and that external forces will have little influence?

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

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

The Changing World of Management

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Ethics,Social Responsibility and Sustainable Development

Organisational Planning and Goal Setting

Strategy Formulation and Implementation

Managerial Decision Making

Designing Organisation Structure

Managing Change and Innovation

Managing Human Resourcess

Managing Diversity

Individual Behaviour in Organisations

Leadership

Motivating Employees

Communication in Organisations

Leading Teams

Managerial and Quality Control

Managing the Value Chain, Information Technology and E-Business

Making Effective Management Happen

Filters