COURSE: ENTREPRENEURSHIP DEVELOPMENT

UNIT 1 - MCQ
1. Which of the following is not a characteristic that is helpful for an entrepreneur to have?
a).Self-esteem

b).Caution

c).Drive.

d).Optimism

Ans: b).Caution
2. An _______________________ is an individual who creates something for the first time, is a
highly driven individual motivated by his or her own work and personal ideas.
a) Entrepreneur

b) Inventor

c) Both a and b

d) None of the given options

Ans: b) Inventor
3. Entrepreneurs are best
a)Managers

b)Venture capitalists

c)Planners

d)Doers

Ans: d)Doers
4. An entrepreneurs primary motivation for starting a business is
a)To make money

b)To be independent

c)To be famous

d)To be powerful

Ans: b)To be independent

5. Personal characteristics to be a successful entrepreneur includes
a) Understanding environment

b)Creating management options

discussion

Ans: d)All of the above

d)All of the above

c)Encourage open

6. A set of reasons for engaging in a particular behavior, especially human behavior is known as
_____________
a)Values

b)Vision

c)Entrepreneurship

d)Motivation

Ans: d)Motivation
7. Which of the following are described as one of the Big Five personality traits
a) Tolerance of others b) need for achievement
control

c) propensity to leadership

Ans: b) need for achievement

8. Which of the following factors does the macro-environment not include:

a) political and regulatory factors

b) customer needs in a given market

c) social and demographic factors

d) technological changes

Ans: b) customer needs in a given market

9. Innovation can best be defined as:
a) the generation of new ideas

b) the evolution of new ideas

d) locus of

c) the opposite of creativity

d) the successful exploitation of new ideas

Ans: d) the successful exploitation of new ideas

10. Which of the following is alternatively called corporate venturing?
a) Entrepreneurship

b) Intrapreneurship

d) Offering new products by an existing company

c) Act of stating a new venture

Ans: b) Intrapreneurship