Which statement is not true of entrepreneurs?
1.
They are agents of adjustment.
Your Answer:
Correct Answer:
They generally stick to the processes
already in use.
Your answer is included in the list of page 205.
Which words fit which definitions?
2.
2.1
2.2
2.3
3.
The following statements use the EU classification and refer to the
United Kingdom. Which is false?
Your Answer:
Correct Answer:
Employment is roughly equally
divided among micro, small and
medium, and large firms.
Micro firms are owned and run by
the same people.
Your answer is given in Table 7.1, page 207.
4.
Which of the following is presented as evidence of social factors
influencing whether someone becomes an owner-manager?
Your Answer:
Correct Answer:
Self-employment is more common
among single people than among the
married.
Self-employment is more common
among some ethnic groups.
You selected a statement that runs counter to the evidence.
5.
Which of the following is not one of the environmental factors that
may influence the potential of a small business?
Your Answer:
Clusters of technically advanced
small firms
An industry with economies of scale
Correct Answer:
You have chosen a point from the list on page 212.
6.
The diagram matches entrepreneurship to operating environment
characteristics.
What are they?
6.1
6.2
6.3
6.4
6.5
7.
Which of the following, if any, is not among the conditions favouring
small firm development?
Regulations that favour small firms
Your Answer:
Correct Answer:
8.
According to our discussion, what is the best way a government
can support SMEs?
Your Answer:
Correct Answer:
9.
They are all conditions favouring
development.
Provide advice and information at
'one-stop shops'.
Provide a stable macroeconomic
environment.
Pichot suggested three roles for the intrapreneur in promoting
innovation.
What are they?
Inventor, innovator and sponsor
Your Answer:
Correct Answer:
Inventor, product champion and
sponsor
10.
How did Art Fry persuade potential customers to buy Post-it
Notes?
By linking with a leading distributor.
Your Answer:
None of the above.
Correct Answer:
3M flooded the Boise city market with free samples.
11.
Which of the following is not an example of 'technical
entrepreneur', according to Jones-Evans?
Your Answer:
Correct Answer:
User - familiar with marketing or
end-use applications
Consolidator - skills in linking
technical and business aspects
Your answer is in the Jones-Evans list.
12.
Which of the following statements about SMEs in international
business is untrue?
Your Answer:
Correct Answer:
About a quarter of UK SMEs sell
outside the country.
About 40 per cent of small hightechnology firms in South-East
England export.
