BUS 4401 Entrepreneurship 2 – Review Quiz 9 -University of the People

BUS 4401 Entrepreneurship 2 – Review Quiz 9

Question 1
Correct
Mark 1.00 out of 1.00

Question text
Advantages of the Partnership Include:
Select one:
a. Shared risk and shared management.



b. Shared risk and individual management.
c. Individual risk and shared management.
d. Both risk and management are irrelevant to the overall success.
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The correct answer is: Shared risk and shared management.

Question 2
Incorrect
Mark 0.00 out of 1.00

Question text
Insolvency is the ability of a debtor to pay their debt.
Select one:
True



False
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The correct answer is 'False'.

Question 3
Correct
Mark 1.00 out of 1.00

Question text
According to the OECD/EUROSTAT framework for Entrepreneurship a new market could
be:
Select one:
a. at the global level
b. at the national level
c. at local and even at street level

,BUS 4401 Entrepreneurship 2 – Review Quiz 9

d. all of the above


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The correct answer is: all of the above

Question 4
Correct
Mark 1.00 out of 1.00

Question text
According to Harvard Business School what is the best definition of entrepreneurship?
Select one:
a. Entrepreneurship is the pursuit of opportunity without regard to resources currently
controlled.



b. Entrepreneurship is the pursuit of opportunity with regard to resources currently controlled.
c. Entrepreneurship is the pursuit of opportunity based on resources currently controlled.
d. Entrepreneurship is the pursuit of business opportunity that is directly linked with regard to
resources currently controlled.
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The correct answer is: Entrepreneurship is the pursuit of opportunity without regard to resources
currently controlled.

Question 5
Correct
Mark 1.00 out of 1.00

Question text
According to Hoffman Entrepreneurial activity is:
Select one:
a. the enterprising human action in pursuit of the generation of value, through the creation or
expansion of economic activity, by identifying and exploiting new products, processes or
markets.



b. the enterprising business action in pursuit of the generation of value, through the creation or
expansion of economic activity, by identifying and exploiting new products, processes or markets.
c. the enterprising action in pursuit of the purchasing of value, through the creation or expansion of
business activity, by buying new products, processes or markets.
d. the enterprising human action in pursuit of the generation of monetary gains, through the creation
or expansion of creative activity, by exploiting new processes and markets.

, BUS 4401 Entrepreneurship 2 – Review Quiz 9

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The correct answer is: the enterprising human action in pursuit of the generation of value, through
the creation or expansion of economic activity, by identifying and exploiting new products, processes
or markets.

Question 6
Correct
Mark 1.00 out of 1.00

Question text
Weight Watchers has a traditional calorie counting method that suits:
Select one:
a. early adopters



b. late majority
c. early majority
d. All of the above
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The correct answer is: early adopters

Question 7
Correct
Mark 1.00 out of 1.00

Question text
A determination of insolvency is made by a court of law.
Select one:
True



False
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The correct answer is 'True'.

Question 8
Correct
Mark 1.00 out of 1.00

Question text
The most important document for a Joint Venture is:
Select one:
a. Owner’s Manual