ENTERPRENEURSHIP
Assignment
MAY 22, 2013
DR. REEM ELBOLOK
By: ESRAA ALI SHAMS ELDIN
Assignment:
1- A psychological concept that refers to how strongly people believe
they have control over the situations and experiences that affect
their lives.
A. Extroversion
B. Openness to experiences
C. Locus of control
D. None of the above
2- According to McClelland, the extent to which a person has a strong
desire to do challenging tasks and to meet personal standards of
excellence is known as:
A. The need for affiliation
B. The need for achievement
C. The need for power
D. The need for self-esteem
E. The need for conscientiousness
3- A corporate manager who starts a new initiative for their company
which entails setting up a new distinct business unit and board of
directors can be regarded as:
a) Ecopreneur
b) Technopreneur
c) Intrapreneur
d) Social Entrepreneur
4- According to Schumpeter, Is the most important function of a modern
entrepreneur____________
a) innovation,
b) invention,
c) skill,
d) creativity
5- The term “Entrepreneur” has been derived from the word
“enturondre” which means:
a) To give
b) To undertake
c) To choose
d) To decide
6- A written document that describes all the steps necessary for opening
and operating a successful business.
a) Business plan
b) Competitive strategies
c) Swot analysis
d) Executive summary
7- An attribute that enables a company to outperform its competitors that
allows a company to achieve superior margins compared to its
competition and generates value for the company and its shareholders.
a) Competitive advantage
b) Economies of scale
c) Lean start-up
d) None of the above is correct
8- Cost advantages companies experience when production becomes
efficient, as costs can be spread over a larger amount of goods.
A. Competitive advantage
B. Economies of scale
C. Lean start-up
D. None of the above is correct
9- A planning tool that can help you to analyze what your company
does best right now, and to devise a successful strategy for the
future.
A. Business planning process
B. Economies of scale
C. Lean start-up
D. None of the above is correct
10- ________ are things that your organization does particularly
well, or in a way that distinguishes you from your competitors.
A. Opportunities
B. Threats
C. Strengths
D. Weaknesses
11- They usually arise from situations outside your organization,
and require an eye to what might happen in the future. They might
arise as developments in the market you serve, or in the
technology you use.
A. Opportunities
B. Threats
C. Strengths
D. Weaknesses
12- Obstacles that any organization could face in getting your
product to market and selling.
A. Opportunities
B. Threats
C. Strengths
D. Weaknesses
13- The part of a business organization that is responsible for
producing goods or services
A. Marketing
B. Finance
C. R&D
D. Operations
14- Statement that projects all the costs that will be incurred by
the organization over a period of time and allocates those expenses
evenly over the relevant time period.
A. Cash flow statement
B. Income statement
C. Budget
D. Financial analysis
15- The point at which total costs of the project are equal to the
total revenues of it is called ـــــــــــــــــــ.
A. Cash flow analysis
B. SWOT analysis
C. Breakeven point
D. None of the above is correct
