MGT602 Quiz 1 Solution and Discussion
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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