ENTR 421 New Venture Management Practice Questions and Correct Answers
which one of the following is NOT true for entrepreneurs? a. They provide value to their customers. b. They create and seize business opportunities. c. They possess a growth orientation. d. They avoid building and managing organizations. **d. They avoid building and managing organizations. There are many different definitions of entrepreneurship. Which characteristics do they all mention? a. Creativity b. Destruction c. Recognition d. None of the above **d. None of the above Which of the following is NOT an innovation by itself? a. Wheel b. Ford Mustang c. Assembly line production process d. Paypal **a. Wheel which of the following is NOT a mandatory component of a business model? a. Value chain structure b. value proposition **c. Management structure d. Revenue generation which of the following is the most general and overarching definition of a business opportunity? a. Business concept that will likely result in entrepreneurial profit. b. Business concept that will limit the entrepreneurial loss. c. Business concept that will increase competition. d. Business concept that will likely become global. **a. Business concept that will likely result in entrepreneurial profit.
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