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IE-Reviewer Part2

M.C.
1
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Question 1

Multiple Choice

21. At what stage does a business face competition with larger companies and possibly enter the stock exchange?

  • a) Start-Up Stage
  • b) Pre-Start-Up Stage
  • c) Early Growth Stage
  • d) Late Growth Stage

Question 2

Multiple Choice

22. What is the primary role of an entrepreneur?

  • a) Managing an already successful company
  • b) Identifying and creating business opportunities
  • c) Following traditional business models
  • d) Avoiding risks at all costs

Question 3

Multiple Choice

23. A core element of the entrepreneurial mindset is:

  • a) A strong aversion to risk.
  • b) Comfort with the status quo.
  • c) A willingness to experiment and learn from failures.
  • d) Strict adherence to established procedures.

Question 4

Multiple Choice

24. A "disruptive innovation" is characterized by:

  • a) Making small improvements to existing products.
  • b) Creating entirely new markets and value networks
  • c) Focusing on incremental advancements within established markets.
  • d) Being easily adopted by existing customers.

Question 5

Multiple Choice

25. How does political stability affect entrepreneurship?

  • a) It creates a secure environment for business growth.
  • b) It has no impact on business operations.
  • c) It discourages foreign investment.
  • d) It leads to higher business taxes.

Question 6

Multiple Choice

26. In the innovation process, “idea validation” primarily involves:

  • a) Generating as many ideas as possible.
  • b) Testing the feasibility and viability of a specific idea.
  • c) Building a prototype of the product.
  • d) Launching the product into the market.

Question 7

Multiple Choice

27. Which of the following is NOT typically considered a primary source of innovation?

  • a) Market needs
  • b) Technological advancements
  • c) Maintaining existing product lines without change
  • d) Creative thinking and brainstorming

Question 8

Multiple Choice

28. During which phase do entrepreneurs focus on launching the product, acquiring customers, and building brand awareness?

  • a) Scaling and Growth
  • b) Business Formation
  • c) Market Entry
  • d) Idea and Research

Question 9

Multiple Choice

29. In which stage does a business focus on brand building and securing initial customers?

  • a) Pre-Start-Up Stage
  • b) Start-Up Stage
  • c) Early Growth Stage
  • d) Late Growth Stage

Question 10

Multiple Choice

30. According to Schumpeter, what is the primary driver of economic development?

  • a) Government regulation
  • b) Financial institution
  • c) Innovation and Entrepreneurship
  • d) Labor unions

Question 11

Multiple Choice

31. It is a pattern of thinking or behavior of one or more group of individuals.

  • a) Intuition
  • b) Mindset
  • c) Personality
  • d) Perception

Question 12

Multiple Choice

32. A type of mindset that see’s individual activities as innate or inborn traits and sees failure as lack of basic skills needed.

  • a) Growth Mindset
  • b) Intuition Mindset
  • c) Personality Mindset
  • d) Fixed Mindset

Question 13

Multiple Choice

33. The capacity to gain an accurate and deep intuitive understanding of a person or thing.

  • a) Insight
  • b) Mindset
  • c) Personality
  • d) Perception

Question 14

Multiple Choice

34. A mindset that drives or prevent a person from fulfilling his potential.

  • a) Insight
  • b) Mindset
  • c) Personality
  • d) Perception

Question 15

Multiple Choice

35. A type of mindset who value learning and growth and react to adversity with increased change efforts, strategies and resiliency. The more a person is able to thinkdeep,thebrain expands&thevolume

  • a) Growth Mindset
  • b) Intuition Mindset
  • c) Personality Mindset
  • d) Fixed Mindset

Question 16

Multiple Choice

36. Known also as the paleolithic age, came with the appearance of homo habilis where early humans lived.

  • a) Stone Age
  • b) Information Age
  • c) Agricultural Revolution
  • d) Industrial Revolution

Question 17

Multiple Choice

37. Known as the second wave of entrepreneurial innovation.

  • a) Stone Age
  • b) Information Age
  • c) Agricultural Revolution
  • d) Industrial Revolution

Question 18

Multiple Choice

38. Known as the third wave of entrepreneurial innovation.

  • a) Stone Age
  • b) Information Age
  • c) Agricultural Revolution
  • d) Industrial Revolution

Question 19

Multiple Choice

39. Missing?

  • a)
  • b)
  • c)
  • d)

Question 20

Multiple Choice

40. An English inventor and a leading entrepreneur invented cotton

  • a) Richard Arkwright
  • b) Richard Mille
  • c) Richard Cantillon
  • d) Richard Roberts
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