SECTION A -TRUE /FALSE QUESTIONS [10 MARKS]

Answer ALL questions. Each question carries ONE (1) mark State whether each of the following is True or False

1. Innovation often originates with those who create solutions for their own needs.
2. An organizations overall creativity level is a simple aggregate of the creativity of the individuals it employs.
3. Sandra, an engineer, has developed a device that helps track the location of her teenage daughters car. This is not an example of user innovation.
4. Organisations that manufacture products as lights bulbs for lamps or DVDs for DVD players are examples of complementors.
5. Corporate entrepreneurship is a solution to corporation staleness, lack of innovation and stagnated growth.
6. Pull factors influencing individuals to engage in entrepreneurship includes loss of employment and lack of quality jobs.
7. Entrepreneurship does not take place in social enterprises.
8. The purpose of all good small business strategy is to achieve stated objectives.
9. Venture Capital is a form of financing especially for funding high technology, high risk and perceived high reward projects.
10. Entrepreneurship can best be described as a process involving innovation, new products or services, and value creation.