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Forest
Sequencing
5
IE PART2
M.C.
College
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Added Question (20/ 20)
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Question 1
Multiple Choice

21. According to Shackle’s theory, what helps entrepreneurs identify potential market opportunities?

a) Analyzing competitors
b) Creativity and imagination
c) Strict financial analysis
d) Following market trends
Question 2
Multiple Choice

22. According to Shackle’s theory, what is a key characteristic of entrepreneurs?

a) They are highly risk-averse
b) They are creative and imaginative
c) They focus primarily on managing finances
d) They rely solely on existing market data
Question 3
Multiple Choice

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

a) Insight
b) Mindset
c) Personality
d) Perception
Question 4
Multiple Choice

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

a) Insight
b) Mindset
c) Personality
d) Perception
Question 5
Multiple Choice

25. 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 tothink deep, thebrain expands&thevolume

a) Growth Mindset
b) Intuition Mindset
c) Personality Mindset
c) Personality Mindset
Question 6
Multiple Choice

26. 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 7
Multiple Choice

27. Known as the second wave of entrepreneurial innovation.

a) Stone Age
b) Information Age
c) Agricultural Revolution
d) Industrial Revolution
Question 8
Multiple Choice

28. 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 9
Multiple Choice

29. 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 10
Multiple Choice

30. Known as the third wave of entrepreneurial innovation.

a) Stone Age
b) Information Age
c) Agricultural Revolution
d) Industrial Revolution
Question 11
Multiple Choice

31. An English inventor and a leading entrepreneur invented cotton

a) Richard Arkwright
b) Richard Mille
c) Richard Cantillon
d) Richard Roberts
Question 12
Multiple Choice

32. He distinguishes entrepreneurs to employees, with former with uncertain income and the latter with fixed income.

a) Richard Cantillon
b) Frank Knight
c) Alfred Marshall
d) Joseph Alois Schumpeter
Question 13
Multiple Choice

33. He expanded the idea of risk bearing with innovation.

a) Richard Cantillon
b) Frank Knight
c) Alfred Marshall
d) Joseph Alois Schumpeter
Question 14
Multiple Choice

34. The first to specify entrepreneurship function as under pure uncertainties within a system.

a) Richard Cantillon
b) Frank Knight
c) Alfred Marshall
d) Joseph Alois Schumpeter
Question 15
Multiple Choice

35. He emphasized that demand and supply determine the price and output of a good.

a) Richard Cantillon
b) Frank Knight
c) Alfred Marshall
d) Joseph Alois Schumpeter
Question 16
Multiple Choice

36. According to John Lewis Holland’s six types of personalities, this individual prefers to be analytical, curious, methodological and precise.

a) Conventional
b) Social
c) Enterprising
d) Investigative
Question 17
Multiple Choice

37. 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 18
Multiple Choice

38. 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 19
Multiple Choice

39. 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 20
Multiple Choice

40. According to John Lewis Holland’s six types of personalities, this person enjoys the systematic manipulation of data, filing of records or reproducing materials.

a) Conventional
b) Social
c) Enterprising
d) Investigative
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