A major difference between entrepreneurs and others is : a. Tenacity despite failure b. Innovation c. Family oriented d. Taking risk e. Seeing the big picture

The number 1 motivating factor for entrepreneurs to open a business is money a. False b. True In which stage of the PLC competitors prefer a new entrant to the market : a. Decline b. Introduction c. Growth d. Maturity Solar energy companies in Palestine have been booming in recent years. One challenging issue facing them is environmental regulations a. False b. True The Palestinian investment law was made mainly for : a. Family businesses b. Young entrepreneurs c. None of the above d. Rich investors & Big corporations Which of the following is a disadvantage of proprietorship? a. Limited liability b. Difficult to open a new location in another Palestinian city c. Complicated startup requirements with the ministry d. Growth of the company may be limited Harry Rosen, which is a Canadian outlet for professional men suites and shoes has become a global brand in this industry. As seen in the class and after reviewing their website, Harry Rosen has developed which strategy to become global : a. Personal customization ( one to one marketing b. Low cost strategy c. Penetration strategy d. Niche market strategy ( differentiation ) The entrepreneur is satisfied with the status quo a. False b. True Business incubators in Palestine provide a comprehensive support package for entrepreneurs which can actually compete with their neighboring countries. a. False b. True A venture capitalist (VC) a. a&b b. is a private equity investor that provides capital to companies exhibiting high growth potential in exchange for an equity stakE. This could be funding startup ventures or supporting small companies that wish to expand but do not have access to equities markets c. is a person who invests in a new or small business venture, providing capital for start-up or expansion. they are typically individuals who have spare cash available and are looking for a higher rate of return than would be given by more traditional investments d. none of the above The earliest references to the term entrepreneurship were developed by management experts. a. True b. False The primary cause of small business failures is, a. poor location b. lack of capital c. management incompetence d. improper inventory control Most partnerships fail in Palestine because of culture and family disputes a. False b. True When Competition intensifies due to a large number of sellers, entrepreneur cannot start a business using a low cost strategy but can use which of the following: a. B and C b. Concentrated ( focus ) strategy c. Cost effective Strategy d. A and B e. Differentiation strategy An entrepreneur who has a home business may choose to expand his business to a commercial location based on which of the following: a. To search for more flexible hours b. To reduce utility expense bills c. Pressure from the wife to move out d. Need and philosophy of the business Lebanese produce a lot of music because a. They have a lot of wars and want to escape from the hard reality b. They like music more than other Arabs c. Their culture promotes such a thing d. Geographic location and atmosphere is suitable for such a thing