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IE-Reviewer Part2
M.C.
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Added Question (20/ 20)
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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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