Lesson1 - Lesson#1 Assignment#1 Chapter 1 Open-Book Quiz 1...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Marks: 1 Which of the following is classified as an entrepreneur? Answer: a. A manager in a large corporation b. A financial manager in a small firm c. An owner-manager who bought out the founder of a d. A salaried technician in a rapidly-growing high-tech 2 Marks: 1 Entrepreneurs often produce innovations related to Answer: a. multiple patents. b. new ways of doing business. c. competitive intelligence. d. market identification. 3 Marks: 1 Given that they often compete against powerful companies, it is imperative that entrepreneurs Answer: a. try to make their businesses as large as capital will b. achieve a level of complacency that will allow them maintain their sanity. c. exploit the opportunities that are available to them. d. consider diversifying into multiple markets to prote against bankruptcy. 4 Marks: 1 Small businesses that have great prospects for growth are called ____. Answer:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 5

Lesson1 - Lesson#1 Assignment#1 Chapter 1 Open-Book Quiz 1...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online