Q. Intrapreneurship is best described as:
  • (A) the hiring of former Entrepreneurs.
  • (B) Entrepreneurial action within an organization.
  • (C) The process of buying acquiring entrepreneurial firms.
  • (D) The process of hiring consultants to teach a firm how to be more creative.
πŸ’¬ Discuss
βœ… Correct Answer: (D) The process of hiring consultants to teach a firm how to be more creative.
πŸ“Š Entrepreneurship and Small Business Management
Q. Entrepreneurial Opportunities are defined as: 128
  • (A) situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost.
  • (B) New market entry through entrepreneur action.
  • (C) The entrepreneur's mental processes in deciding whether or not to act on a potential opportunity.
  • (D) A feasibility assessment.
πŸ’¬ Discuss
βœ… Correct Answer: (D) A feasibility assessment.
πŸ“Š Entrepreneurship and Small Business Management
Q. Bobby believes that what takes place within his new company is mostly the result of fate or factors that are outside of his control. It could be stated that Bobby possesses a/an ______.
  • (A) innovative spirit
  • (B) intrapreneurship
  • (C) internal locus of control
  • (D) high need for achievement
πŸ’¬ Discuss
βœ… Correct Answer: (A) innovative spirit
πŸ“Š Entrepreneurship and Small Business Management
Q. A/An ______ is best described by stating it is any business that is independently owned and operated and is not dominate in its market.
  • (A) strategic alliance
  • (B) corporation
  • (C) entrepreneurship
  • (D) proprietorship
πŸ’¬ Discuss
βœ… Correct Answer: (C) entrepreneurship
πŸ“Š Entrepreneurship and Small Business Management
Q. In which of the following domain; individuals take decision to help others for achieving their dreams?
  • (A) Traditional managers
  • (B) Entrepreneurs
  • (C) Intrapreneurs
  • (D) Administrative managers
πŸ’¬ Discuss
βœ… Correct Answer: (C) Intrapreneurs
Q. Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?
  • (A) Need for independence
  • (B) Need for achievement
  • (C) Need for affiliation
  • (D) Need for authority
πŸ’¬ Discuss
βœ… Correct Answer: (B) Need for achievement