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Multiple Choice Quiz
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1
Which one of the following is not conducive to creativity?
A)Informal and casual environment
B)Lateral thinking
C)Bureaucracy
D)'Away day' gathering
2
Which one of the following means ownership of more than one business at the same time?
A)Habitual entrepreneurship
B)Social entrepreneurship
C)Economic entrepreneurship
D)Portfolio entrepreneurship
3
Which one of the following is a stage in the business start-up process concerned with creativity?
A)Pre-start planning
B)Opportunity recognition
C)Idea formulation
D)Market research
4
A pre-start entrepreneur’s accumulated knowledge, skills and experience is termed:
A)Pre-start training
B)Human capital
C)Social capital
D)The knowledge base
5
Which one of the following is not an initiative aimed at developing enterprise ability and awareness in young people?
A)Youth Training Scheme
B)Enterprise Insight
C)Young Enterprise
D)P1 to PLC
6
Which of the following can limit opportunity recognition?
A)New technological development
B)Economic expansion
C)Urbanisation
D)Fear of failure
7
Which of the following fits the example of EasyJet as start-up business?
A)Opportunity recognition
B)Management Buy-out
C)Management Buy-in
D)Portfolio entrepreneurship
8
In post-entry development, which of the following problems is usually the most important issue facing the early stage entrepreneur?
A)Knowledge of competitors
B)Lack of market research
C)Raising finance
D)Achieving credibility
9
New technology-based entrepreneurs are a special case in the entrepreneurial start-up process due to:
A)The R&D process
B)Raising finance
C)Seed capital
D)Lack of credibility
10
Which of the following is not an advantage of a franchisee over other new start entrepreneurs?
A)Standardised market advertising
B)Standardised staff training
C)Limited geographical markets
D)Limited risk with standard product





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