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    Download as docx, pdf, or txt
    943 views5 pages

    303 Mcqs

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    Pankaj Talele
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    You are on page 1of 5

    Which statement is not true of entrepreneurs?

    1.

    They are agents of adjustment.


    Your Answer:

    Correct Answer:

    They generally stick to the processes


    already in use.

    Your answer is included in the list of page 205.

    Which words fit which definitions?

    2.

    2.1

    2.2

    2.3

    3.

    The following statements use the EU classification and refer to the


    United Kingdom. Which is false?

    Your Answer:

    Correct Answer:

    Employment is roughly equally


    divided among micro, small and
    medium, and large firms.
    Micro firms are owned and run by
    the same people.

    Your answer is given in Table 7.1, page 207.

    4.

    Which of the following is presented as evidence of social factors


    influencing whether someone becomes an owner-manager?

    Your Answer:

    Correct Answer:

    Self-employment is more common


    among single people than among the
    married.
    Self-employment is more common
    among some ethnic groups.

    You selected a statement that runs counter to the evidence.

    5.

    Which of the following is not one of the environmental factors that


    may influence the potential of a small business?

    Your Answer:

    Clusters of technically advanced


    small firms

    An industry with economies of scale


    Correct Answer:

    You have chosen a point from the list on page 212.

    6.

    The diagram matches entrepreneurship to operating environment


    characteristics.
    What are they?

    6.1

    6.2

    6.3

    6.4

    6.5

    7.

    Which of the following, if any, is not among the conditions favouring


    small firm development?

    Regulations that favour small firms


    Your Answer:

    Correct Answer:

    8.

    According to our discussion, what is the best way a government


    can support SMEs?

    Your Answer:

    Correct Answer:

    9.

    They are all conditions favouring


    development.

    Provide advice and information at


    'one-stop shops'.

    Provide a stable macroeconomic


    environment.

    Pichot suggested three roles for the intrapreneur in promoting


    innovation.
    What are they?

    Inventor, innovator and sponsor


    Your Answer:

    Correct Answer:

    Inventor, product champion and


    sponsor

    10.

    How did Art Fry persuade potential customers to buy Post-it


    Notes?

    By linking with a leading distributor.


    Your Answer:

    None of the above.


    Correct Answer:

    3M flooded the Boise city market with free samples.

    11.

    Which of the following is not an example of 'technical


    entrepreneur', according to Jones-Evans?

    Your Answer:

    Correct Answer:

    User - familiar with marketing or


    end-use applications

    Consolidator - skills in linking


    technical and business aspects

    Your answer is in the Jones-Evans list.

    12.

    Which of the following statements about SMEs in international


    business is untrue?

    Your Answer:

    Correct Answer:

    About a quarter of UK SMEs sell


    outside the country.

    About 40 per cent of small hightechnology firms in South-East


    England export.

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