Multiple Choice Quiz


1	Although entrepreneurs are able to cope with uncertainty, a stable macro-economy is believed to be crucial to the development of entrepreneurship and a strong small business sector. Which of the following is not important to the creation of macro-economic stability?
		A)	low inflation
		B)	low interest rates
		C)	stable exchange rates
		D)	low salary levels/wage rates


2	Micro-economic policies to help new and small firms include both "hard" (tangible) and "soft" (intangible) support. Is this true or false?
		A)	True
		B)	False.


3	Which is not a form of "hard" support?
		A)	help with securing finance
		B)	help with securing premises
		C)	help with securing the services of a consultant


4	Is it true that efforts have been made to create an enterprise culture in the U.K. through a series of measures involving the public and the private sectors of the economy?
		A)	True
		B)	False


5	Networks are believed to be important to the survival and success of new and existing small firms but it is unclear whether it is the formal or the informal networks that are the most critical. Which, according to Huggins (2000), are the most potent?
		A)	formal groups
		B)	informal groups


6	What was probably the single most important initiative in the not-for-profit sector in the U.K. with respect to the support for new and existing small firms?
		A)	the Chambers of Commerce/Trade
		B)	Enterprise Agencies
		C)	the Princes Trust.


7	If a culture of enterprise is one in which individuals take ownership/responsibility for their own destinies, should future Government support in the U.K.
		A)	be more focussed and targeted, aimed at "Picking winners" and supporting growth firms as Storey has suggested?
		B)	Remain broadly based and include sectors of the population other than those intending to start a business?

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