Site MapHelpFeedbackMultiple Choice Quiz
Multiple Choice Quiz
(See related pages)

1
Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction?
A)Development of a new product
B)Take-over of a competitor
C)Issuing shares
D)Reducing prices
2
An advantage of the small firm in the innovation process?
A)Ability to carry out R&D
B)Ability to raise finance
C)Ability of the entrepreneur to carry out multiple tasks
D)Ability of the entrepreneur to act on new ideas or product development
3
External links may provide incentives to:
A)Raise finance
B)Introduce new working practices
C)Introduce improvements to products
D)Attend business exhibitions
4
Where a firm produces a new product that already exists in that industrial sector, this can be termed:
A)Innovation
B)Integration
C)Imitation
D)Insulation
5
Innovative small firms are more likely in:
A)Knowledge-based sectors
B)Biotechnology
C)Automobile manufacture
D)Aerospace manufacture
6
Schumpeter considered that innovative entrepreneurs would:
A)Thrive
B)Disappear
C)Be absorbed within large innovative firms
D)Be absorbed within non-innovative firms
7
Innovative entrepreneurs face special issues in raising:
A)Development capital
B)Structured capital
C)Human capital
D)Seed capital
8
Innovative entrepreneurs may have to pay high insurance premiums due to the:
A)The need to protect patents
B)Greater employee liability
C)Greater customer liability
D)Greater trading risks
9
Networking by innovative entrepreneurs may be most encouraged by?
A)Science parks
B)Business incubators
C)Chambers of Commerce
D)Business associations
10
An advantage of small firms over large firms in innovation is
A)Lower costs
B)Lower human capital
C)Greater flexibility
D)Greater social capital





To learn more about the book this website supports, please visit its Information Center.
(c)2006 McGraw-Hill Education Europe
Any use is subject to the Terms of Use and Privacy Policy.
McGraw-Hill Education Europe is one of the many fine businesses of The McGraw-Hill Companies.


Entrepreneurship, Deakins 4eOnline Learning Center

Home > Chapter 6 > Multiple Choice Quiz