MGT602 Quiz Sol

MGT602 Entrepreneurship Quiz Solution:
Question # 1
Government can help in forming new venture by providing:
Select correct option:

Technology

Question # 2
The assessment of the needed resources by the entrepreneur starts with:
Select correct option:

A scanning of friends and family for funds


Question # 3
An actor and a person who managed large project were termed as the entrepreneur in the _________.
Select correct option:

Middle ages

Question # 4
The chief motivational factor for _________________ entrepreneurs to leave jobs is the frustration of not being allowed to perform at the level of which they are capable.
Select correct option:

All of the given options(Male,Female,Both)


Question # 5
The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of:
Select correct option:

Economic development

Question # 6
A typical inventor is usually ________________________.
Select correct option:

Highly creative & in love with the invention


Question # 7
An individual’s need to be recognized is called:
Select correct option:

Need for achievement


Question # 8
The activities which occur when the new venture is started are called:
Select correct option:

Departure point

Question # 9
The intersection of knowledge and a recognized social need to start a product development process is called:
Select correct option:

Iterative synthesis

Question # 10
Which of the following firm achieves modest growth?
Select correct option

High potential growth firm