In 1985, McCelland with McBer & Co, developed a measuring instrument to measure personal entrepreneurial competencies (PEC). The following competency WAS NOT the dimension to be measured as entrepreneurial skills. A. O Practical knowledge B. a Self-confidence C. O Problem-solving ability Systematic planning D. O QUESTION 3, MARKS: 1 Digital Entrepreneurship has opened up new business opportunities that enables newbies to grab the 'first mover' advantage. The newbies may grab the following benefit for doing digital business, EXCEPT: A. Timeless access B. 0 Borderless access C. 0 Cost demanding D. Improved delivery of products Which of the following statements about Osterwalder's Business Model Canvas (2008) is incorrect? A. 0 The Business Model Canvas (Osterwalder, 2008) analyses, designing, strategizing, and testing a business model based on nine business areas. B. 0 Customer segments refer to the target people and/or organizations you are offering a value proposition. C. 0 Value is provided through various elements such as newness, performance, customization, reliability in 'getting the job done', design, brand, price, cost reduction, risk reduction, accessibility, and convenience. D. o Business implementation planning for marketing, operation and finance can be forgone by doing a business model canvas. QUESTION 7, MARKS: 1 Customer segments refer to the target people and/or organization that we are offering value proposition. Which is the inappropriate segment that we should offer the value proposition? A. 0 Demographics B. Socioeconomic C. 0 Psychographics D. 0 Behaviour Revenue Stream represent the cash a company generates from each customer/products segments. An entrepreneur may explore various revenue streams as follow, EXCEPT: A. Information seeking B. o Booth and carnival C. o Export to other country D. Direct selling Key partners are sequential activities that a company must do to make its business model work.. A. 0 True B. 0 False Which of the following statements is INCORRECT? A. Organization management involves the process of organizing, planning, leading and controlling resources and activities of an organization to achieve its objectives. B. The organization's mission is an attempt to provide meaning or answer to "why you do, what you are doing and where you are headed". C. 0 For SWOT analysis, opportunities and threats are internal factors for a company. D. Visions must clearly indicate the gap-preferably a quantifiable value-between what the firm is today and where it expects to be (e.g. in three years from now). The division of labour or tasks in an organization structure is usually based on the following: A. Allocation of tasks based on geographical areas of responsibility. B. 0 Assignment of responsibility for marketing different product types. C. O Division of responsibility based on work shifts. D. 0 All of the above