OED Technopreneurship

Q1

Grade 25.00 out of 25.00 (100%)

Question 1
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Successful entrepreneurs learn to fail intelligently.

Select one:
True 

False
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The correct answer is 'True'.

Question 2
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Which of the following is/are the Deadly Mistakes of Entrepreneurship?

Select one:
Incorrect Pricing
Improper Inventory Control
Poor Location
All of the above 
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The correct answer is: All of the above

Question 3
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Entrepreneurs are paralyzed by the prospect of failure.

Select one:
True

False 
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The correct answer is 'False'.

Question 4
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Failure is a natural part of the creative process.

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True 

False
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The correct answer is 'True'.

Question 5
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Entrepreneurs tend to exhibit __________ .

Select one:
A high degree of commitment
Tolerance for ambiguity
Flexibility

All of the above 

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The correct answer is: All of the above

Question 6
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:
Social entrepreneurs
All of the above 
Corporate dropouts

Retiring baby boomers

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The correct answer is: All of the above

Question 7
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Most entrepreneurs turn to family members and friends for _________ .

Select one:
love
support
motivation

capital 
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The correct answer is: capital

Question 8
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:
a. Immigrant entrepreneurs
b. Part-time entrepreneurs
c. Home-based businesses

d. All of the above 

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The correct answer is: All of the above

Question 9
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:
Corporate castoffs
Copreneurs
All of the above 

Family businesses
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The correct answer is: All of the above

Question 10
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Which of the following is/are the Benefits of Entrepreneurship?

Select one:
Make a difference
Create your own destiny
Reach your full potential

All of the above 

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The correct answer is: All of the above

Question 11
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Which of the following is/are the Drawbacks of Entrepreneurship?

Select one:
All of the above 
Long hours and hard work
Risk of losing your entire investment

Uncertainty of income
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The correct answer is: All of the above

Question 12
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Which of the following is/are the Deadly Mistakes of Entrepreneurship?

Select one:
Weak Marketing Efforts
All of the above 
Failure to develop a strategic Plan

Uncontrolled Growth
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The correct answer is: All of the above

Question 13
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Which of the following is/are the Characteristics of Entrepreneurs?

Select one:
Skilled at organizing
Value achievement over money
All of the above 
Future orientation – opportunity, necessity, and serial entrepreneurs
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The correct answer is: All of the above

Question 14
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Which of the following is/are the Characteristics of Entrepreneurs?

Select one:
All of the above 
Preference for moderate levels of risk – risk eliminators
Desire for responsibility

Confidence in their ability to succeed

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The correct answer is: All of the above

Question 15
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According to study reports of Global Entrepreneurship Monitor (GEM), entrepreneurs are

most likely to launch businesses when they are between the ages of 35 and 44.
Select one:
True 

False
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The correct answer is 'True'.

Question 16
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According to study reports of Global Entrepreneurship Monitor (GEM), that men are twice as
likely to start a business as women.

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True 

False
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The correct answer is 'True'.

Question 17
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One characteristic of entrepreneurs that stands out is __________ .

Select one:
hard work
originality
Diversity 

hospitality
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The correct answer is: Diversity

Question 18
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Which of the following is/are the Deadly Mistakes of Entrepreneurship?

Select one:
All of the above 
Lack of Experience
Poor Financial Controls

Management Mistakes
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The correct answer is: All of the above

Question 19
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Which of the following is/are the Benefits of Entrepreneurship?

Select one:
Contribute to society and to be recognized for your efforts
Reap impressive profits
All of the above 

Do what you enjoy and to have fun at it 

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The correct answer is: All of the above

Question 20
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Entrepreneurs tend to exhibit __________ .

Select one:
All of the above 
A willingness to work hard
none of the above

Tenacity
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The correct answer is: All of the above

Question 21
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One who creates a new business in the face of risk and uncertainty for the purpose of
achieving profit and growth by identifying opportunities and assembling the necessary
resources to capitalize on them.  

Select one:
distributor
stakeholder
entrepreneur 

business owner
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The correct answer is: entrepreneur

Question 22
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Which of the following is/are the Characteristics of Entrepreneurs?

Select one:
High level of energy
Determination
Desire for immediate feedback

All of the above 

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The correct answer is: All of the above

Question 23
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Which of the following is/are the Drawbacks of Entrepreneurship?

Select one:
Complete responsibility
Discouragement
High levels of stress

All of the above 

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The correct answer is: All of the above

Question 24
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Which of the following is/are the Cultural Diversity of Entrepreneurship?

Select one:
Young entrepreneurs
Minority-owned enterprises
Women entrepreneurs

All of the above 

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The correct answer is: All of the above

Question 25
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Any activity which is undertaken with an intention to earn profit is called __________ .

Select one:
employment
credit
asset

business 
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The correct answer is: business

Q2

Grade 10.00 out of 10.00 (100%)

Question 1
Correct

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Leaders of innovation has identified the following secrets for Leading Creativity:

Select one:

They are Visionaries

They Think

All of the above 

They Listen To Customer

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The correct answer is: All of the above

Question 2
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Leaders of innovation has identified the following secrets for Leading Creativity:

Select one:

They Maintain a Culture Of Change

They are People Centered

All of the above 

They Understand How To Manage Ideas

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The correct answer is: All of the above

Question 3
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The barrier/s of creativity is/are the following:

Select one:

Viewing play as frivolous.

Constantly being practical.

All of the above 

Becoming overly specialized.

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The correct answer is: All of the above

Question 4
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The barrier/s of creativity is/are the following:

Select one:

Fearing looking foolish.

Fearing mistakes and failure.

Avoiding ambiguity.

All of the above 

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The correct answer is: All of the above

Question 5
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Entrepreneur can stimulate their own creativity and  encourage it among workers by:
Select one:

Expecting And Tolerating Failure

Expecting Creativity
All of the above 

Embracing Diversity

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The correct answer is: All of the above

Question 6
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Entrepreneur can stimulate their own creativity and  encourage it among workers by:
Select one:

All of the above 

Rewarding Creativity

Providing Support

Developing a Procedure For Capturing Ideas

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The correct answer is: All of the above

Question 7
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It refers to something new or to a change made to an existing product, idea, or field.

Select one:

Creativity

Invention

Innovation 

Entrepreneurship

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The correct answer is: Innovation

Question 8
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Left brain dominated people tend to be more logical  and analytical in their thinking and
usually excel at mathematics and word skills.

Select one:

True 
 False

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The correct answer is 'True'.

Question 9
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Leaders of innovation has identified the following secrets for Leading Creativity:

Select one:

They Maximize team Synergy, balance and focus

All of the above 

They Love what they do and fun doing it

They Refuse to take ‘’no’’ for an Answer

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The correct answer is: All of the above

Question 10
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Question text

Entrepreneur can stimulate their own creativity and  encourage it among workers by:
Select one:

Providing Creativity Training

Encouraging Curiosity

Viewing Problems as Challenges

All of the above 

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The correct answer is: All of the above

Question 11
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The barrier/s of creativity is/are the following:

Select one:

All of the above 

Blindly following the rules.

Focusing on “being logical”.

Searching for the one “right” answer.

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Your answer is correct.

The correct answer is: All of the above

Question 12
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It is the ability to create new and  useful ideas that solve problems and challenges  people
face everyday.
Select one:

Innovation

Creativity

Application

Entrepreneurship 

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The correct answer is: Entrepreneurship

Question 13
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It involves generating something from nothing.
Select one:

Creativity 

Innovation

Entrepreneurship

Application

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The correct answer is: Creativity

Question 14
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Entrepreneur must establish an environment in which  creativity can flourish for themselves

and for their workers.
Select one:

True 

False

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The correct answer is 'True'.

Question 15
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People who rely more heavily on the right half of their brain tend to be more imaginative
and intuitive.
Select one:

True 

False

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The correct answer is 'True'.

Q3

Grade 15.00 out of 15.00 (100%)

Question 1
Correct

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Positive internal factors a company can draw on to accomplish its mission, goals, and
objectives.
Select one:

strengths 

vision
weaknesses

mission

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Your answer is correct.

The correct answer is: strengths

Question 2
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which of the following is/are Strategic Management Process?

Select one:

Identify key success factors.

Analyze competition.

All of the above 

Create goals and objectives.

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The correct answer is: All of the above

Question 3
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It is a written expression of how  the company will reflect an entrepreneur’s  values, beliefs,
and vision – more than just  “making money.”
Select one:

vision

mission 

goal

objectives

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The correct answer is: mission

Question 4
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The aggregation of factors that sets a company  apart from its competitors and gives it a
unique  position in the market that is superior to its  competition.
Select one:

strategic management
strategic plan

competitive advantage 

franchise

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The correct answer is: competitive advantage

Question 5
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It is the result of an entrepreneur’s dream of  something that does not exist yet and the
ability  to paint a compelling picture of that dream for  everyone to see.
Select one:

mission

objectives

vision 

goal

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The correct answer is: vision

Question 6
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which of the following is/are aspects of a small company?

Select one:

All of the above 

Products they sell

Service they provide

Pricing they offer

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The correct answer is: All of the above

Question 7
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Negative external factors that inhibit the firm's ability  to accomplish its mission, goals, and
objectives.

Select one:

weaknesses
strengths

threats 

opportunities

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Your answer is correct.

The correct answer is: threats

Question 8
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A clearly defined vision __________ .

Select one:

all of the above 

Provides direction

Determines decisions

Motivates people

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The correct answer is: all of the above

Question 9
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Positive external factors the company can exploit to accomplish its mission, goals, and
objectives.
Select one:

strengths

weaknesses

opportunities 

threats

Feedback

Your answer is correct.

The correct answer is: opportunities

Question 10
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The practice of gathering,  organizing, and disseminating the  collective wisdom and
experience  of a company’s employees for the  purpose of strengthening its  competitive
position.
Select one:

goals
strategy

purpose 

objectives

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The correct answer is: purpose

Question 11
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It involves developing a game plan to guide a  company as it strives to accomplish its 

mission, goals , and objectives, and to keep it  on its desired course.
Select one:

franchise

strategic management 

strategic plan

competitive advantage

Feedback

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The correct answer is: strategic management

Question 12
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which of the following is/are Strategic Management Process?

Select one:

Assess strengths and weaknesses.

Develop a vision and translate it into a  mission statement.

All of the above 

Scan environment for opportunities and threats.

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The correct answer is: All of the above

Question 13
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which of the following is/are Strategic Management Process?

Select one:

Formulate strategies.
Translate plans into actions.

All of the above 

Establish accurate controls.

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The correct answer is: All of the above

Question 14
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It is a road map of the actions an entrepreneur  draws up to achieve a company’s mission,

goals, and  objectives.
Select one:

objectives

strategy 

goals

purpose

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Your answer is correct.

The correct answer is: strategy

Question 15
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Negative internal factors that inhibit a  company’s ability to accomplish its mission,  goals,
and objectives.
Select one:

strengths

vision

mission

weaknesses 

Feedback

Your answer is correct.

The correct answer is: weaknesses