Question: Question One: Instructions: Answer all the following (10) multiple-choice questions. (4 marks each) 1. Out of the following, which is the best way to describe
Question One: Instructions: Answer all the following (10) multiple-choice questions. (4 marks each) 1. Out of the following, which is the best way to describe intrapreneurs? A. The ability to develop new ideas B. Entrepreneurs who operate within the framework of an existing business C. Those who creates a new business by identifying significant opportunities D. The ability to apply creative solutions to problems 2. Out of the following, which is the best effectuation's principle to describe the value being able to turn the unexpected into the profitable? A. Lemonade Principle B. Bird-in-hand principle C. Focus on the downside D. Crazy quilt 3. Which of these reasons leads to run a business ethically? A. Corporate scandals B. Marketplace competition C. Demands by investors D. None of the above Questions Two: Instructions: Answer all the following (4) questions. (15 marks each) 1. What is a business incubator? 2. Describe the difference between a competitive and a reality test, both of which the busine plan should pass
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