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4. Firms located on science parks compared to those located off science parks are:
A) More innovative
B) Less innovative
C) No more or less innovative
D) More growth orientated
8. Innovative entrepreneurs may have to pay high insurance premiums due to the:
A) The need to protect patents
B) Greater employee liability
C) Greater customer liability
D) Greater trading risks
10. The most likely problem encountered by innovative entrepreneurs in raising finance is:
A) Limited security since R&D is an intangible asset
B) The costs of the patenting system
C) The exhaustion of personal equity in R&D
D) Inability of potential external funders to understand technology
3. Which of the following is NOT on of the three areas in which the importance of entrepreneurship can be shown?
A) Innovation
B) Number of new start-ups
C) Job creation and employment
D) bureaucracy
4. The creation of new firms is important because these new firms contribute to economic development through
benefits that include all of the following EXCEPT:
A) Product-process innovation
B) Increased tax revenues
C) Unemployment
D) Social betterment
5. All of the following represent countries in which the highest level of entrepreneurial activity was found EXCEPT:
A) Australia
B) Korea
C) Norway
D) Japan
6. Positive external trends or changes that provide unique and distinct possibilities for innovating and creating value
are called _____________.
A) Strengths
B) Opportunities
C) Weaknesses
D) Threats
7. An individual who has no prior business ownership experience as a business founder, inheritor of a business, or a
purchaser of a business is called a(n) ____________ entrepreneur.
A) Habitual
B) Novice
C) Serial
D) Portfolio
8. An individual who has prior business ownership experience is called a(n) ____________ entrepreneur.
A) Novice
B) habitual
C) Serial
D) Portfolio
9. All of the following are popular demographic factors about entrepreneurs that have been studied EXCEPT:
A) Self-confidence
B) Gender
C) Education
D) Family birth order
10. The three main responsibilities involved with managing an entrepreneurial venture once its up and running
include all of the following EXCEPT:
A) Managing processes
B) Managing people
C) Managing bureaucracy
D) Managing growth
1. Which of the following is not a main element of the project management process?
A) Estimation.
B) Schedule.
C) Monitor.
D) Systems design.
5. Which of the following are claimed as advantages of the AON method over the AOA method of network diagram
notation?
A) AON does not need dummy activities to maintain the relationship logic.
B) Most computer software uses the AON approach.
C) AON diagrams have a clearer notation than AOA.
D) The first, second and third answers.
6. Which of the following is especially useful for monitoring project progress against plan?
A) Capacity loading graphs.
B) Network diagrams.
C) Flow diagrams.
D) Gantt charts.
1. _____________ policies try to assist people at the lower end of the income scale, but are financed by revenue
collected disproportionately from people at the middle and upper ends of the income scale.
A) Redistributive
B) Equal Income
C) Allocational
D) Rehabilitative
2. Which of the following political cultures is based on the belief that government exists primarily to distribute
favors to government supporters and to regulate the economic marketplace to enable people to pursue their
individual goals?
A) Moralistic
B) Traditionalistic
C) Individualistic
D) None of the above.
4. _____________ is defined as how politics is affected by divisions among socioeconomic groups or classes in a
community.
A) Social Stratification
B) Social Significance
C) Political Stratification
D) Political Significance
5. Local governments spend a larger portion of their budget on _________than state governments.
A) Public Welfare
B) Hospitals
C) Education
D) Corrections
8. ___________ is referred to as government forgiveness of a crime and is usually granted to a group of people.
A) Illegal Aliens
B) Amnesty
C) Political Refugee
D) Immigration
10. Economic development is defined broadly to include which three closely related components?
A) Population growth, culture, and education
B) Urbanization, income and liberalism
C) Population growth, income, and education
D) Population growth, urbanization, and ethnic influences
2. _____________ is defined as the historical styles and traditions in states' politics that cannot be directly attributed
to demographic factors
3. Political Ideology
A) Political Culture
B) Political Ethnicity
C) Political Demographics
D) All of the above
3. ___________ is the most costly function of state and local governments (combined).
A) Social Security
B) Education
C) Highways
D) Police Protection
5. Citizens typically vote less and participate less when it comes to which level of government?
A) Local
B) Citizens vote and participate equally at all levels of government.
C) State
D) National
7. Which of the following is not a primary function of state and local governments?
A) Education
B) Registration and voting
C) National Defense
D) Police Protection
9.State governments administer all of the following health and welfare programs except:
A) Unemployment Compensation
B) Social Security
C) Medicaid
D) Temporary Assistance for Needy Families
4. Comparing the information in Tables 21.1 and 21.2 on page 600 suggests that:
A) the sun spot cycle is evident.
B) higher GDP growth encourages workers to work harder.
C) there is no relationship between output per person and the average annual growth of GDP.
D) there is a relationship between output per person and the average annual growth of GDP.
7. One of Eli Whitney's major contributions to American manufacturing was his idea for
A) the steam engine
B) textile machinery
C) the factory system
D) interchangeable parts
8. Which man sneaked the plans for a spinning machine out of England and built a factory in Rhode Island?
A) Eli Whitney
B) Robert Fulton
C) Samuel Slater
D) Francis Cabot Lowell
E) Samuel Morse
9. The invention and use of machines was actually stimulated by a shortage of
A) labor
B) capital (money)
C) raw materials
D) trading ships
10. The Erie Canal connected
A) Buffalo and Rochester
B) Albany and Buffalo
C) Rochester and Albany
D) Buffalo and Pittsburgh
2. The development of steamboats,which made it economically feasible to bring products from the interior to
market,
A) led to a sharp decline in canal building.
B) hindered the development of railroads in the South and West.
C) brought the West into the national economy.
D) led to a decline in the port cities of the Northeast
6. How did the British blockade of the American coast during the War of 1812 boost American industry?
A) It forced Americans to buy needed goods from Mexico.
B) It encouraged Americans to make goods that they had once imported from Europe.
C) It encouraged American workers to form labor unions.
D) It stopped factory equipment from being imported.
7. Young women and children were hired for the Lowell mills mainly because they
A) worked for less money than men.
B) were more numerous in Massachusetts.
C) wanted to move to large cities like Lowell.
D) were better workers than adult males.
9. What was the long term result of the invention of the cotton gin?
A) Cotton farming spread northward.
B) Demand for cotton decreased.
C) Indians living in the southern uplands planted cotton.
D) The demand for slave labor increased.
16. Amino acids are used as food additives for which of the following reasons?
A) As natural antibiotics
B) As natural growth inhibitors
C) For nutritive purposes
D) As antioxidants