MGT602 Quiz 1 Solution and Discussion


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  • Cyberian's Gold

    Which of the following is the ability to use the imagination to develop new things?

    Planning
    **Creativity**
    Invention
    Reliability
    

    The entrepreneur must possess the abilities of:

    Creativity
    Leadership
    Understanding environment
    **All of the given options**
    

    Due to entrepreneurial activity, value in the business becomes:

    Less
    **Greater**
    Constant
    None of the given option
    

    Entrepreneurship is the process of:

    Destructive creation
    Creative destruction
    Destructive innovation
    **Creative imitation**
    

    An entrepreneur in fact offers ________ to its customers through a business offering:

    Resources
    **Value**
    Materials
    Services
    

    A small venture that supports the owners and usually does not grow is termed as:

    Foundation company
    Gazelle
    **Lifestyle firm**
    Base firm
    

    Which of the following is the fruitful source for identifying business opportunities?

    Business associates
    Technical people
    Consumers
    **All of the given options**
    

    Which of the following type of company is also call “Gazelles”?

    Life Style Firm
    Foundation Companies
    **High-Potential Venture**
    None of the given option
    

    Which of the following is an individual who creates something for the first time?

    Entrepreneur
    **Inventor**
    Manager
    Executive


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