29/05/2022, 13:04 Prelim Quiz 1: Attempt review

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UGRD-ITE6101A-2133T /
Week 1-2: The Foundations of Entrepreneurship /
Prelim Quiz 1

Started on Sunday, 29 May 2022, 12:43 PM

State Finished
Completed on Sunday, 29 May 2022, 1:04 PM
Time taken 21 mins 37 secs
Marks 24.00/25.00
Grade 96.00 out of 100.00

Question 1
Correct

Mark 1.00 out of 1.00

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

Question 2
Correct

Mark 1.00 out of 1.00

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

Select one:
credit

business


employment

asset

Your answer is correct.

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29/05/2022, 13:04 Prelim Quiz 1: Attempt review

Question 3
Correct

Mark 1.00 out of 1.00

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

Select one:
All of the above


Lack of Experience

Management Mistakes

Poor Financial Controls

Your answer is correct.

Question 4
Incorrect

Mark 0.00 out of 1.00

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

Select one:
Corporate castoffs

All of the above

Family businesses


Copreneurs

Your answer is incorrect.

Question 5
Correct

Mark 1.00 out of 1.00

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:
business owner

entrepreneur


distributor

stakeholder

Your answer is correct.

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29/05/2022, 13:04 Prelim Quiz 1: Attempt review

Question 6
Correct

Mark 1.00 out of 1.00

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

Select one:
Incorrect Pricing

Improper Inventory Control

Poor Location

All of the above



Your answer is correct.

Question 7
Correct

Mark 1.00 out of 1.00

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

Select one:
Preference for moderate levels of risk – risk eliminators

Confidence in their ability to succeed

All of the above



Desire for responsibility

Your answer is correct.

Question 8
Correct

Mark 1.00 out of 1.00

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

Select one:
Long hours and hard work

All of the above



Risk of losing your entire investment

Uncertainty of income

Your answer is correct.

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29/05/2022, 13:04 Prelim Quiz 1: Attempt review

Question 9
Correct

Mark 1.00 out of 1.00

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

Select one:
Do what you enjoy and to have fun at it 

Reap impressive profits

All of the above



Contribute to society and to be recognized for your efforts

Your answer is correct.

Question 10
Correct

Mark 1.00 out of 1.00

Failure is a natural part of the creative process.

Select one:
True 

False

Question 11
Correct

Mark 1.00 out of 1.00

Entrepreneurs tend to exhibit __________ .

Select one:
A willingness to work hard

Tenacity

none of the above

All of the above



Your answer is correct.

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29/05/2022, 13:04 Prelim Quiz 1: Attempt review

Question 12
Correct

Mark 1.00 out of 1.00

Most entrepreneurs turn to family members and friends for _________ .

Select one:
capital


motivation

support

love

Your answer is correct.

Question 13
Correct

Mark 1.00 out of 1.00

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

Select one:
Make a difference

All of the above



Reach your full potential

Create your own destiny

Your answer is correct.

Question 14
Correct

Mark 1.00 out of 1.00

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

Select one:
Corporate dropouts

All of the above



Social entrepreneurs

Retiring baby boomers

Your answer is correct.

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29/05/2022, 13:04 Prelim Quiz 1: Attempt review

Question 15
Correct

Mark 1.00 out of 1.00

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

Your answer is correct.

Question 16
Correct

Mark 1.00 out of 1.00

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

Select one:
All of the above


Desire for immediate feedback

High level of energy

Determination

Your answer is correct.

Question 17
Correct

Mark 1.00 out of 1.00

Entrepreneurs are paralyzed by the prospect of failure.

Select one:
True

False 

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29/05/2022, 13:04 Prelim Quiz 1: Attempt review

Question 18
Correct

Mark 1.00 out of 1.00

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

Select one:
Discouragement

All of the above



Complete responsibility

High levels of stress

Your answer is correct.

Question 19
Correct

Mark 1.00 out of 1.00

Entrepreneurs tend to exhibit __________ .

Select one:
A high degree of commitment

All of the above



Tolerance for ambiguity

Flexibility

Your answer is correct.

Question 20
Correct

Mark 1.00 out of 1.00

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

Select one:
a. All of the above


b. Part-time entrepreneurs

c. Immigrant entrepreneurs

d. Home-based businesses

Your answer is correct.

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29/05/2022, 13:04 Prelim Quiz 1: Attempt review

Question 21
Correct

Mark 1.00 out of 1.00

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

Select one:
Future orientation – opportunity, necessity, and serial entrepreneurs

Skilled at organizing

All of the above



Value achievement over money

Your answer is correct.

Question 22
Correct

Mark 1.00 out of 1.00

Successful entrepreneurs learn to fail intelligently.

Select one:
True 

False

Question 23
Correct

Mark 1.00 out of 1.00

One characteristic of entrepreneurs that stands out is __________ .

Select one:
hard work

originality

Diversity


hospitality

Your answer is correct.

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29/05/2022, 13:04 Prelim Quiz 1: Attempt review

Question 24
Correct

Mark 1.00 out of 1.00

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

Select one:
Minority-owned enterprises

All of the above



Young entrepreneurs

Women entrepreneurs

Your answer is correct.

Question 25
Correct

Mark 1.00 out of 1.00

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

Select one:
True 

False

◄ W1 & W2 - Foundations of Entrepreneurship - VIDEO

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Inside the Entrepreneurial Mind: From Ideas to Reality-Module ►

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