BUS 3303 - Entrepreneurship 1 UPDATED ACTUAL Questions and CORRECT Answers
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Course
BUS 3303 - Entrepreneurship 1
Institution
BUS 3303 - Entrepreneurship 1
BUS 3303 - Entrepreneurship 1 UPDATED
ACTUAL Questions and CORRECT
Answers
True or False: Embedding entrepreneurship and innovation does not require new models,
frameworks, or paradigms. - CORRECT ANSWER- False
Television and the internet have provided some valuable education on the topic of...
BUS 3303 - Entrepreneurship 1 UPDATED
ACTUAL Questions and CORRECT
Answers
True or False: Embedding entrepreneurship and innovation does not require new models,
frameworks, or paradigms. - CORRECT ANSWER- ✔✔False
Television and the internet have provided some valuable education on the topic of
entrepreneurship. - CORRECT ANSWER- ✔✔True
True or False: Institutions at the higher education level offer insignificant roles as intellectual
hubs in the entrepreneurial ecosystems - CORRECT ANSWER- ✔✔False
What could be a major challenge standing in the way of entrepreneurial education? -
CORRECT ANSWER- ✔✔Ending of funding before sustainability is reached
What is the motto of the World Economic Forum? - CORRECT ANSWER- ✔✔Committed
to improving the state of the world
Which is not a good characteristic of a successful entrepreneur? - CORRECT ANSWER-
✔✔They are reluctant to share power
What does the Triple Bottom Line for measuring organizational success include? -
CORRECT ANSWER- ✔✔Economic, social and environmental concerns
Which is NOT a characteristic of a successful entrepreneur? - CORRECT ANSWER-
✔✔Easily discouraged
Characteristics associated with social entrepreneurship will always include all of these,
except rarely: - CORRECT ANSWER- ✔✔Familiarity
What is not considered to be a salient feature of the brainstorming process? - CORRECT
ANSWER- ✔✔Used only for decision-making
, What is an entrepreneurial process that goes on inside an organization that can lead to new
business ventures best known as? - CORRECT ANSWER- ✔✔Corporate entrepreneurship
A "lifestyle entrepreneur" is one who: - CORRECT ANSWER- ✔✔Creates their business
with the intention of providing themselves with a steady income, but with a lot more freedom
and flexibility.
Which of the following is not a common characteristic of successful entrepreneurs today? -
CORRECT ANSWER- ✔✔Low internal locus of control is an important driver of success for
entrepreneurs staring new ventures
Which of these following statements about entrepreneurs is not false? - CORRECT
ANSWER- ✔✔Your ability to listen can make or break you as an entrepreneur
Which is not a skill required to become a successful entrepreneur? - CORRECT ANSWER-
✔✔Impractical skills
Who is a lifestyle entrepreneur? - CORRECT ANSWER- ✔✔They create their business with
the intention of providing themselves with a steady income, but with a lot more freedom and
flexibility
True or False: Entrepreneurship education has to be framed within the context of its
contribution to economic and social growth in order to attract the proper attention.Select one:
- CORRECT ANSWER- ✔✔True
True or False: Some governments are not receptive to foreign investments or to certain types
of distribution relationships. Select one: - CORRECT ANSWER- ✔✔True
True or False: Entrepreneurship education policies need not include a focus on specific
segments of the population. Select one: - CORRECT ANSWER- ✔✔False
True or False: All types of distributorship arrangements are easy to set up in all countries.
Select one: - CORRECT ANSWER- ✔✔False
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