QUESTION $1$

Question text

The equity Methods often involves patents, designs, trade secrets$,$ trademarks and copyrights hence making up the majority of the international transactions

Question $30$Answer

a$.$

False

b$.$

True

Use new technology to produce a new product is one of the methods of finding a new business opportunity

Question $1$Answer

a$.$

False

b$.$

True

QUESTION $2$

Question text

ART explains how individuals control others$$ cognitive behaviour with the help of cognitive processes which consist of selection and development, orientation, monitoring and planning and processing feedback

Question $2$Answer

a$.$

True

b$.$

False

QUESTION $3$

Question text

Perception towards entrepreneurial career in the community, media$$s exposure of entrepreneurs, and social status of being entrepreneurs are not the only dimensions of the entrepreneurial spirit

Question $3$Answer

a$.$

False

b$.$

True

QUESTION $4$

Question text

The main forms of non$-$equity methods are foreign direct investment, joint venture, and merger and acquisition

Question $4$Answer

a$.$

False

b$.$

True

QUESTION $5$

Question text

According to Entrepreneurial Decision$-$making Approach$/$Strategy$,$ decision$-$making process used by the entrepreneurs is influenced by except:

Question $5$Answer

a$.$

individual characteristics

b$.$

environmental factors

c$.$

organisational context

d$.$

Enterprise model

QUESTION $6$

Question text

$\_\_\_\_\_\_\_\_$emphasized the willingness of the entrepreneur to assume the risk and to deal with uncertainty

Question $6$Answer

a$.$

Austrian Market Processes Theories of Entrepreneurship

b$.$

Marshallian theory

c$.$

Neo$-$classical Economic Theories of Entrepreneurship

d$.$

Classical Economic Theories of Entrepreneurship

QUESTION $7$

Question text

Entrepreneurial spirit is a mindset that embraces critical questioning, innovation, service and continuous improvement

Question $7$Answer

a$.$

True

b$.$

False

QUESTION $8$

Question text

The following are theorists who elucidate concepts of entrepreneurship from psychological perspective:

Question $8$Answer

a$.$

Everett E$.$ Hagen, $1963,$ McCrae & Costa, $1987,$ Joseph Alois Schumpeter $(1883-1950)$

b$.$

Alfred Marshal $(1949),$ Julian Rotter $(1954),$ David McLelland $(1967)$

c$.$

Everett E$.$ Hagen, $1963,$ McCrae & Costa, $1987,$ Winfried Hacker $(1980$s$)$

d$.$

Julian Rotter $(1954),$ David McLelland $(1967),$ Jean Baptiste Say $(1803)$

QUESTION $9$

Question text

Anthropology Sociological Theories of Entrepreneurship studies the origins, culture, beliefs and customs of a community i$.$e$.$ the culture of the people in the community

Question $9$Answer

a$.$

True

b$.$

False

QUESTION $10$

Question text

Innovation goes beyond the act of invention by applying new or improved ideas, processes or products in ways that impact society or markets

Question $10$Answer

a$.$

False

b$.$

True

QUESTION $11$

Question text

The notion of new venture creation is primarily explained through the following different perspectives except:

Question $11$Answer

a$.$

Transcendent$-$based Perspective

b$.$

Decision Making Perspective

c$.$

Cognitive Perspective

d$.$

Institutional Perspective

QUESTION $12$

Question text

In external LoC, entrepreneurs believe that, outcomes are inside of their control and it completely depends on external factors such as fate, change, etc.

Question $12$Answer

a$.$

True

b$.$

False

QUESTION $13$

Question text

Studying the origins, culture, beliefs and customs of a community in relation to entrepreneurship is drawn from:

Question $13$Answer

a$.$

Sociological Theories of Entrepreneurship

b$.$

Max Weber$$s Theory of Social Change

c$.$

EE Hagen$$s Theory of Social Change

d$.$

Anthropological Theories of Entrepreneurship

QUESTION $14$

Question text

McCrae and Costa$$s Big Five Traits approach, Entrepreneurial Personality System and Hagen$$s Theory of Entrepreneurship are ones of the Psychological theories of Entrepreneurship

Question $14$Answer

a$.$

False

b$.$

True

QUESTION $15$

Question text

The following specific functions are involved in the entrepreneurial activity except:

Question $15$Answer

a$.$

Economic calculations in order to make the production process efficient

b$.$

Supervising the execution of the production plan and making sure that it is carried out in an economical way

c$.$

Collection of information regarding social situations

d$.$

Assigning goods to a particular production process

QUESTION $16$

Question text

$\_\_\_\_\_\_\_\_\_\_\_\_\_$controls the entrepreneur$$s actions and makes an entrepreneur to work in a certain way for better decision$-$making

Question $16$Answer

a$.$

Activity Regulation

b$.$

Locus of Control

c$.$

Need for Achievement

d$.$

Neuroticism

QUESTION $17$

Question text

According to institutional perspective,$\_\_\_\_\_\_\_\_\_\_\_\_$involves three stages: exploration, planning and launch

Question $17$Answer

a$.$

New venture creation

b$.$

Venture creation process

c$.$

Innovation

d$.$

Invention

QUESTION $18$

Question text

According to institutional perspective,$\_\_\_\_\_\_\_\_\_\_\_\_$involves three stages: identification, assessment and exploitation

Question $18$Answer

a$.$

Model of opportunity

b$.$

Venture creation process

c$.$

Innovation and invention

d$.$

New venture creation