Unit 1 Quiz MT209

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Question 1 2 / 2 points
When entrepreneurs change how they fundamentally see certain situations, it is likely that they are undergoing which of the following?
Question options:

A)
A personality pulse

B)
A restructuring

C)
A paradigm shift

D)
A drastic renewal
Question 2 2 / 2 points
Which of the following describes an entrepreneur who brings a new firm into existence?
Question options:

A)
Manager

B)
Owner

C)
Founder

D)
Proprietor
Question 3 2 / 2 points
Which of the following personality types is characterized by being future thinking, customer focused, and driven by the big picture?
Question options:

A)
Entrepreneur Personality

B)
Technician Personality

C)
Performer Personality

D)
Manager Personality
Question 4 2 / 2 points
Which of the following personality types is characterized by being paternalistic, reluctant to delegate authority, and exceptionally skilled?
Question options:

A)
Entrepreneur Personality

B)
Technician Personality

C)
Performer Personality

D)
Manager Personality
Question 5 2 / 2 points
Which of the following types of startup ideas involves an idea that is centered around providing customers with an existing product or service that is not currently offered in their market area?
Question options:

A)
New market idea

B)
New benefit idea

C)
New pivot idea

D)
New technology idea
Question 6 2 / 2 points
Which of the following types of startup ideas involves an idea for providing customers with better ways to perform old functions?
Question options:

A)
New market idea

B)
New benefit idea

C)
New pivot idea

D)
New technology idea
Question 7 2 / 2 points
Qualities that might indicate entrepreneurial success would likely include which of the following?
Question options:

A)
Motivation and procrastination

B)
Commitment and determination

C)
Dedication and intimidation

D)
Reluctance and resignation
Question 8 2 / 2 points
Which of the following best describes a small firm that has great prospects for growth?
Question options:

A)
A high potential venture

B)
A microbusiness

C)
An attractive small firm

D)
A lifestyle business
Question 9 2 / 2 points
Which of the following involves an initial assessment of a business idea that seeks to determine whether or not the venture will be successful?
Question options:

A)
Structured assessment

B)
Venture analysis

C)
Analytical adjustment

D)
Feasibility analysis
Question 10 2 / 2 points
Which of the following involves an assessment that considers the general environment, the industry environment, and the competitive environment of a business?
Question options:

A)
Inside-out analysis

B)
SWOT analysis

C)
Outside-in analysis

D)
Feasibility analysis

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