1) by successful entrepreneurs ………and ………are also examined
a) family and educational evolving b) habits and ethics c) age and gender
2) according to ………..school of thought creativity and marketing awareness are viewed as essential
a) strategic formulation b) venture opportunity c) displacement
3) many venture capital firms avoid investing in gazelles as they are small and risky firms
a) true b) false
4) the mental processes include ……………….and ………………
a) remembering and adoring b) attention and making decision c) understanding and feeling
5) ………………looks at situation based mental models that optimize personal effectiveness
a) entrepreneurial cognition b) strategic formulation c) social cognition
6) entrepreneurs are often too persistent and tend to be unrealistic in recognizing what they can
a) true b) false
7) entrepreneurs always seek out ……………to use their feedback
a) seniorpreneurs b) mentors c) copreneurs
8) entrepreneurs are featured by …this can be translated into a view that the impossible can come
true
a) general optimism b) realistic c) passionate
9)the entrepreneur willing to mortgage his own car , reflects his tendency to………….
a) creativity b) achievement c) perseverance
10) ………is the knowledge structure that people use to make assessments and judgments
a) entrepreneurial opportunity b) entrepreneurial cognition c) entrepreneurial skills
11)entrepreneurship is the process of seeking………under condition of …….
a) benefits and loss b) opportunities and risk c) growth and challenge
12) ……is someone starting a new business with no intention for growth
a) entrepreneur b) copreneur c) small business owner
13) all of the following represent the main goal of any entrepreneurship except ………..
a) independence b) ongoing expansion c) stable sales
14)…………are driven by a mission and seek to find innovative ways to solve societal problemes
a) seniorpreneur b) social entrepreneur c) business entrepreneur
15)it is the …… of entrepreneurs that has revolutionized the ways business and social venture are
Conducted in every country
a) emotion b) leadership c) mind set
16)if a middle manager experiences the freedom and support from work environment to develop
ideas, this perspective copes with …… school of thought
a) the financial b) the social c) the ecological
17) from financial standpoint, the search for ……is the entire focus of the entrepreneurial emphasis
a) customers b) new technology c) capital
18) the displacement school of thought focuses on the negative side of ……. phenomena and its
relevance to entrepreneurship
a) individuality b) group c) partnership
19)the ………school of thought is based on the field of green economics
a) socio political b) socio cultural c) ecological
20 ) the micro view of entrepreneurship examines the factors that are specific to entrepreneurship
and are part of the external locus of control
a) true b) false
21) many venture capital firms tend to invest in …………as they are growing and profitable firms
a) sole proprietorship b) corporation c) gazelle
22) entrepreneurs are too persistent and tend to be ………...in recognizing what they can
a) realistic b) passionate c) imaginary
23) entrepreneurs are featured by ……… this can be translated into a view that the impossible can
come true
a) general optimism b) realistic c) passionate
24) both business and social entrepreneurs have a ……. And…………
a) mission and values b) social goals and benefits c) values and profit
State whether the following statements are true or false.
1. One of the goals of entrepreneurship is to achieve independence from working for someone else.
2. Each and every person has the potential and free choice to pursue a career as an entrepreneur.
3. Starting a new business with the goal of growth and expansion is a common objective for
entrepreneurs.
4. A good trait for an entrepreneur is to be a calculated risk taker.
5. Commitment, determination, and perseverance are just a few characteristics one needs to become
a successful entrepreneur.
6. Incorrect pricing is not a critical mistake in entrepreneurship.
7. Entrepreneurs do not confront different types of risks in their ventures
8. A successful entrepreneur should lack clear vision and leadership qualities to allow employees to
guide the venture.
9. Both business and social entrepreneurs share a common commitment to create value through
their ventures.
10. Social entrepreneurs are known to combine resources to exploit opportunities to create social
value.
11. Ecopreneurs are entrepreneurs who focus on creating environmentally sustainable businesses.
12. Social entrepreneurship primarily focuses on creating social value rather than maximizing profits.
13. Social entrepreneurs cannot make a profit from their ventures.
14. Ethical entrepreneurs should avoid conflicts of interest to maintain trust and integrity in their
business.
15. The skills required to be successful are entirely different for social and business entrepreneurs. ·
Question 2:
Choose the right answer for each of the following statements (15 Marks)
1. Which of the following is a key characteristic of social entrepreneurship?
a) Pursuit of personal wealth
b) Innovation to address social issues
c) Minimal concern for societal impact
2. How do social entrepreneurs measure success?
a) By financial profit
b) By social impact
c) By market share
d) By employee satisfaction
3. Which statement best describes the relationship between social entrepreneurship and ethics?
a) Social entrepreneurship is primarily concerned with maximizing profits.
b) Social entrepreneurs must adhere to ethical principles while pursuing social impact.
c) Ethics play no role in social entrepreneurship.
d) Social entrepreneurs are exempt from ethical considerations.
4. What is a potential consequence of poor decision-making on entrepreneurial risk?
a) Increased profitability
b) Reduced financial losses
c) Business failure
d) Guaranteed success
5. What is the primary goal of a business entrepreneur?
a) Maximizing social impact
b) Generating profit
c) Addressing environmental issues
d) Promoting employee well-being
6. ………are driven by a mission and seek to find innovative ways to solve societal problems.
a) Seniorpreneuer
b) Social Entrepreneur
c) Business Entrepreneur
d) Ecoprenuer
7. What is a common attitude of entrepreneurs towards failure?
a) Fear of failure and avoidance of risks
b) Acceptance of failure as a natural part of the entrepreneurial journey
c) Shame and embarrassment associated with failure
d) Blame of external factors for failure
8. How do successful entrepreneurs typically approach setbacks and obstacles?
a) They give up easily when faced with challenges
b) They view setbacks as temporary setbacks and find ways to overcome them
c) They blame external factors for their failures and avoid taking responsibility
d) They avoid taking risks to prevent encountering obstacles
a) Entrepreneurs face a number of different types of risk
According to this statement clarify in details these types of risk
b) many people beliefs that entrepreneurs think differently, identify in details how can this be
explained in terms of entrepreneurial cognitions
c) entrepreneurs are not gamblers
explain this statement and then clarify the different ways through which an entrepreneurial business
can gain competitive leverage
d) identify in details the three dimensions that distinguish the mind set of social entrepreneurs from
business entrepreneur
e) Name five entrepreneurial characteristics that you feel are important.
f) What is the difference between entrepreneurs and small business
managers?
