PRINCIPLES OF MANAGEMENT &
ENTREPRENEURSHIP EXAM QUESTIONS
AND 100% VERIFIED ANSWERS | PASS
GUARANTEE
Question 1
Which of the following is NOT an example of a potential opportunity for an
entrepreneur?
a.
Technological obsolescence
b.
Demographic changes
c.
Lifestyle and taste changes
d.
Calamities
e.
Government initiatives and rule changes
Correct Answer
a. Technological obsolescence
Page 1 of 82
,Question 2
Orlando Staples works as a technician for a large manufacturer of biomedical
equipment. Orlando has discovered a way to produce disposable products in large
quantities which would be useful for use in research facilities. Orlando's employer has
given Orlando and a selected team of researchers the resources to develop this idea.
This is referred to as
a.
A spin-off
b.
A skunkworks
c.
Bootlegging
d.
None of the above
Correct Answer
b. A skunkworks
Question 3
A formal planning step in starting a new business that focuses on the entire venture
and describes all the elements involved in starting it is a(n):
a. Entrepreneurial orientation
b. Accounting analysis
c. Business plan
d. Opportunity analysis
e. Business incubator
Correct Answer
c. Business plan
Page 2 of 82
,Question 4
Charging fees to direct Internet site visitors to other companies' sites is called:
Transaction fee model
b. Advertising support model
c. Intermediary model
d. Affiliate model
e. Subscription model
Correct Answer
d. Affiliate model
Question 5
IPO is an acronym used for:
a. Instant public obligation
b. Initial public obligation
c. Initial public stock offering
d. Immediate principal obligation
e. None of the above
Correct Answer
c. Initial public stock offering
Question 6
Many entrepreneurs choose to open their own business because they want to "call
their own shots." This trait is also a common cause of business failure because many
small business owners
a.
Fail to train a successor
b.
Inadequately monitor financial performance
c.
Fail to delegate
d.
Are poor bosses
e.
Fail to plan for contingencies
Correct Answer
c. Fail to delegate
Page 3 of 82
, Question 7
Charging fees for Internet site visits is called:
a. Transaction fee model
b. Advertising support model
c. Intermediary model
d. Affiliate model
e. Subscription model
Correct Answer
e. Subscription model
Question 8
The pursuit of lucrative opportunities by enterprising individuals is called:
a.
Intrapreneurship
b.
Independence
c.
Business incubating
d.
Entrepreneurship
e.
Social experimentation
Correct Answer
d. Entrepreneurship
Question 9
Charging fees to advertise on an Internet site is called:
a. Transaction fee model
b. Advertising support model
c. Intermediary model
d. Affiliate model
e. Subscription model
Correct Answer
b. Advertising support model
Page 4 of 82
ENTREPRENEURSHIP EXAM QUESTIONS
AND 100% VERIFIED ANSWERS | PASS
GUARANTEE
Question 1
Which of the following is NOT an example of a potential opportunity for an
entrepreneur?
a.
Technological obsolescence
b.
Demographic changes
c.
Lifestyle and taste changes
d.
Calamities
e.
Government initiatives and rule changes
Correct Answer
a. Technological obsolescence
Page 1 of 82
,Question 2
Orlando Staples works as a technician for a large manufacturer of biomedical
equipment. Orlando has discovered a way to produce disposable products in large
quantities which would be useful for use in research facilities. Orlando's employer has
given Orlando and a selected team of researchers the resources to develop this idea.
This is referred to as
a.
A spin-off
b.
A skunkworks
c.
Bootlegging
d.
None of the above
Correct Answer
b. A skunkworks
Question 3
A formal planning step in starting a new business that focuses on the entire venture
and describes all the elements involved in starting it is a(n):
a. Entrepreneurial orientation
b. Accounting analysis
c. Business plan
d. Opportunity analysis
e. Business incubator
Correct Answer
c. Business plan
Page 2 of 82
,Question 4
Charging fees to direct Internet site visitors to other companies' sites is called:
Transaction fee model
b. Advertising support model
c. Intermediary model
d. Affiliate model
e. Subscription model
Correct Answer
d. Affiliate model
Question 5
IPO is an acronym used for:
a. Instant public obligation
b. Initial public obligation
c. Initial public stock offering
d. Immediate principal obligation
e. None of the above
Correct Answer
c. Initial public stock offering
Question 6
Many entrepreneurs choose to open their own business because they want to "call
their own shots." This trait is also a common cause of business failure because many
small business owners
a.
Fail to train a successor
b.
Inadequately monitor financial performance
c.
Fail to delegate
d.
Are poor bosses
e.
Fail to plan for contingencies
Correct Answer
c. Fail to delegate
Page 3 of 82
, Question 7
Charging fees for Internet site visits is called:
a. Transaction fee model
b. Advertising support model
c. Intermediary model
d. Affiliate model
e. Subscription model
Correct Answer
e. Subscription model
Question 8
The pursuit of lucrative opportunities by enterprising individuals is called:
a.
Intrapreneurship
b.
Independence
c.
Business incubating
d.
Entrepreneurship
e.
Social experimentation
Correct Answer
d. Entrepreneurship
Question 9
Charging fees to advertise on an Internet site is called:
a. Transaction fee model
b. Advertising support model
c. Intermediary model
d. Affiliate model
e. Subscription model
Correct Answer
b. Advertising support model
Page 4 of 82
