ENTREPRENEURIAL STUDIES (ETS 101) QUESTIONSThe earliest reference to the term entrepreneurship was in(a) 1700s ( 1800s (c) 1900s (d) 21st centuryEarly definitions of entrepreneurs were developed byra) Marketing experts () Management experts (c) Economists (d} Personnel managersThe concepts of "creative destruction" states thatI Entrepreneurs are a force for change (b) Entrepreneurship has an uncertain financialreturn (e) Entrepreneurs must risk financial capital (d} Entrepreneurs have uniquepersonality traitsEntrepreneurship has been defined as a process activity that includes(a) An opportunity (b} An organizational context (c} Innovation (d; All of the aboveWhich of the following is false?(a) The entrepreneurial process is common in the United States {b} Entrepreneurial"flashes of genius" are rare {o Many entrepreneurs start a business while they areemployed elsewhere (d} The founders of Hewlett-Packard and Sony Corporation hadwell-defined product strategies before the companies began operationsJames Collins, the columnist for Inc. Magazine suggests that entrepreneurs consider thebusiness the ultimate product. This may be advantageous because(a} It reduces risk {b} The business is more likely to survive if the first product-conceptfails (c} It reduces some of the ambiguity related to entrepreneurship {d} It increases theentrepreneur's willingness to take risksIf entrepreneurship is considered a process activity, which of the following is not part ofthe process?(a} An opportunity {b} Resources {c} An organizational context {d} All of the aboveEntrepreneurial "flashes of genius are(a} The basis for most business start-upsproducts {d} Common in all entrepreneursSony Corporation and Hewlett-Packard are examples of companies that{a} Were started with a clear business purpose {b} had a successful start but eventuallyfailed {c} Started without a specific business purpose {d} Had no start-up risk2.3.4.5.6.7.8.{b} Rare {c} The basis for most new9.Entrepreneurial activities include{a} Starting a new business based on a new concept {b} Starting a new business based on10.an existing concept {c} Buying an existing business {d} All of the aboveIf someone starts a convenience food store, this is an example of a{a} New concept/new business {b} Existing concept/new business {c} Existingconcept/existing business {d} New concept/existing businessIf someone buys a business and does not make any major changes, this is an example of{a} New concept/new business {b} Existing concept/new business {c} Existingconcept/existing business {d} New concept/existing businessWhich of the following is an influence in determining entrepreneurial behaviour?{a} Individual or self {b} Ethno cultural environment {c} Circumstances in society {d}11.12.13.All of above14.Which of the following is not an influence in determining entrepreneurial behaviour?

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ENTREPRENEURIAL STUDIES (ETS 101) QUESTIONSThe earliest reference to the term entrepreneurship was in(a) 1700s ( 1800s (c) 1900s (d) 21st centuryEarly definitions of entrepreneurs were developed byra) Marketing experts () Management experts (c) Economists (d} Personnel managersThe concepts of &#34;creative destruction&#34; states thatI Entrepreneurs are a force for change (b) Entrepreneurship has an uncertain financialreturn (e) Entrepreneurs must risk financial capital (d} Entrepreneurs have uniquepersonality traitsEntrepreneurship has been defined as a process activity that includes(a) An opportunity (b} An organizational context (c} Innovation (d; All of the aboveWhich of the following is false?(a) The entrepreneurial process is common in the United States {b} Entrepreneurial&#34;flashes of genius&#34; are rare {o Many entrepreneurs start a business while they areemployed elsewhere (d} The founders of Hewlett-Packard and Sony Corporation hadwell-defined product strategies before the companies began operationsJames Collins, the columnist for Inc. Magazine suggests that entrepreneurs consider thebusiness the ultimate product. This may be advantageous because(a} It reduces risk {b} The business is more likely to survive if the first product-conceptfails (c} It reduces some of the ambiguity related to entrepreneurship {d} It increases theentrepreneur's willingness to take risksIf entrepreneurship is considered a process activity, which of the following is not part ofthe process?(a} An opportunity {b} Resources {c} An organizational context {d} All of the aboveEntrepreneurial &#34;flashes of genius are(a} The basis for most business start-upsproducts {d} Common in all entrepreneursSony Corporation and Hewlett-Packard are examples of companies that{a} Were started with a clear business purpose {b} had a successful start but eventuallyfailed {c} Started without a specific business purpose {d} Had no start-up risk2.3.4.5.6.7.8.{b} Rare {c} The basis for most new9.Entrepreneurial activities include{a} Starting a new business based on a new concept {b} Starting a new business based on10.an existing concept {c} Buying an existing business {d} All of the aboveIf someone starts a convenience food store, this is an example of a{a} New concept/new business {b} Existing concept/new business {c} Existingconcept/existing business {d} New concept/existing businessIf someone buys a business and does not make any major changes, this is an example of{a} New concept/new business {b} Existing concept/new business {c} Existingconcept/existing business {d} New concept/existing businessWhich of the following is an influence in determining entrepreneurial behaviour?{a} Individual or self {b} Ethno cultural environment {c} Circumstances in society {d}11.12.13.All of above14.Which of the following is not an influence in determining entrepreneurial behaviour?

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