BUS 4401 Self Quiz Question and Answers- University of the People
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BUS 4401
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BUS 4401
BUS 4401 Self Quiz Question and Answers- University of the PeopleBUS 4401 Self Quiz Question and Answers- University of the PeopleBUS 4401 Self Quiz Question and Answers- University of the PeopleBUS 4401 Self Quiz Question and Answers- University of the PeopleBUS 4401 Self Quiz Question and Answers...
The OECD/EUROSTAT framework for Entrepreneurship indicators include the
following:
Select one:
a.
determinants, performance and impact that includes: job creation, economic
growth and poverty reduction
b.
determinants, performance and impact that includes: economic growth and
poverty reduction
c.
determinants, performance and impact that includes: economic growth
d.
entrepreneurial performance that includes: job creation and economic impact
Feedback
The correct answer is: determinants, performance and impact that includes:
job creation, economic growth and poverty reduction
Question 2
Incorrect
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Question text
Entrepreneurial activities involve:
Select one:
a.
The generation of value
b.
The creation or expansion of economic activity
,c.
Identifying and exploiting new products, processes or markets
d.
All of the above
Feedback
Your answer is incorrect.
The correct answer is:
All of the above
Question 3
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Question text
According to Hoffman Entrepreneurs are:
Select one:
a.
those persons (business owners) who seek to generate value, through the
creation or expansion of economic activity, by identifying and exploiting new
products, processes or markets.
b.
those persons (business owners) who seek to generate value, through the
creation or expansion of economic activity, by exploiting new products,
processes or markets.
c.
those business entities who seek to generate value, through the creation or
expansion of economic activity, by identifying and exploiting new products,
processes or markets.
d.
those persons (business owners) who purchase value, through the creation
or expansion of economic activity, by identifying and exploiting new
products, processes or markets.
,Feedback
The correct answer is: those persons (business owners) who seek to
generate value, through the creation or expansion of economic activity, by
identifying and exploiting new products, processes or markets.
Question 4
Correct
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Question text
According to H. Ford when working on developing a horseless carriage, he
had to work:
Select one:
a.
From the ground up
b.
Simultaneously on everything
c.
From the top down
d.
In collaboration with other entrepreneurs working on the same invention
Feedback
The correct answer is: From the ground up
Question 5
Correct
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Question text
True or False: Opportunity is the biggest resource in entrepreneurship.
Select one:
Select one:
True
False
, Feedback
The correct answer is 'True'.
Question 6
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Lao Tzu's metaphor about water is relevant to entrepreneurship because of
these two characteristics:
Select one:
a.
flexibility and yielding
b.
flexibility and force
c.
strength and force
d.
all of the above
Feedback
The correct answer is: flexibility and yielding
Question 7
Correct
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Question text
The modern definition of entrepreneurship according to Hoffman must
consider the following three components:
Select one:
a.
Entrepreneurs, Entrepreneurial Activity and Entrepreneurship
b.
Entrepreneurs, Entrepreneurial Background and Entrepreneurship
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