IE PART2

Question 1

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

Accepted Answer

1

Question 2

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

Accepted Answer

1

Question 3

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

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0

Question 4

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

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3

Question 5

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

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Question 6

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

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Question 7

27.	Known as the second wave of entrepreneurial innovation.

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2

Question 8

28.	A core element of the entrepreneurial mindset is:

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2

Question 9

29.	A "disruptive innovation" is characterized by:

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1

Question 10

30.	Known as the third wave of entrepreneurial innovation.

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3

Question 11

31.	An English inventor and a leading entrepreneur invented cotton

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Question 12

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

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Question 13

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

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3

Question 14

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

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1

Question 15

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

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Question 16

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

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3

Question 17

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

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2

Question 18

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

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1

Question 19

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

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2

Question 20

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.

Accepted Answer

0

# 1

Multiple Choice

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

# 2

Multiple Choice

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

# 3

Multiple Choice

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

# 4

Multiple Choice

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