Questi 1

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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheBenef
it
sofEnt
repr
eneur
shi
p?
Sel
ectone:
Cont
ri
but
etosoci
etyandt
ober
ecogni
zedf
ory
ouref
for
ts
Al
loft
heabov
e 
Dowhaty
ouenj
oyandt
ohav
efunati
t 
Reapi
mpr
essi
vepr
ofi
ts
Feedback

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scor
rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 2
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheDeadl
yMi
stakesofEnt
repr
eneur
shi
p?
Sel
ectone:
Al
loft
heabov
e 
I
mpr
operI
nvent
oryCont
rol
I
ncor
rectPr
ici
ng
PoorLocat
ion
Feedback
Youransweri
scor
rect
.
Thecor
rectansweri
s:Al
loft
heabov
e

Quest
i 3
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ect
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheCul
tur
alDi
ver
sit
yofEnt
repr
eneur
shi
p?
Sel
ectone:
Al
loft
heabov
e
Mi
nor
it
y-ownedent
erpr
ises 
Womenent
repr
eneur
s
Youngent
repr
eneur
s
Feedback

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sincor
rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 4
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheCul
tur
alDi
ver
sit
yofEnt
repr
eneur
shi
p?
Sel
ectone:
Fami
l
ybusi
nesses
Cor
por
atecast
off
s
Al
loft
heabov
e 
Copr
eneur
s
Feedback

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rect
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rectansweri
s:Al
loft
heabov
e

Questi 5
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agquest
ion

Quest
iont
ext

Ent
repr
eneur
stendt
oexhi
bit_
___
___
___.
Sel
ectone:
Ahi
ghdegr
eeofcommi
tment
Fl
exi
bil
i
ty
Tol
erancef
orambi
gui
ty
Al
loft
heabov
e 
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 6
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agquest
ion

Quest
iont
ext

Fai
l
urei
sanat
ural
par
toft
hecr
eat
ivepr
ocess.
Sel
ectone:
Tr
ue 
 Fal
se
Feedback

Thecor
rectansweri
s'Tr
ue'
.

Questi 7
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheDeadl
yMi
stakesofEnt
repr
eneur
shi
p?
Sel
ectone:
PoorFi
nanci
alCont
rol
s
ManagementMi
stakes
Al
loft
heabov
e 
LackofExper
ience
Feedback

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rect
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rectansweri
s:Al
loft
heabov
e

Questi 8
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agquest
ion

Quest
iont
ext

Accordi
ngtost
udyrepor
tsofGl
obal
Ent
repr
eneur
shi
pMoni
tor(
GEM)
,thatmenar
etwi
ceas
l
ikel
ytostar
ta 
busi
nessaswomen.
Sel
ectone:
Tr
ue 
 Fal
se
Feedback

Thecor
rectansweri
s'Tr
ue'
.

Questi 9
on 
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ect
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheDeadl
yMi
stakesofEnt
repr
eneur
shi
p?
Sel
ectone:
Al
loft
heabov
e 
WeakMar
ket
ingEf
for
ts
Fai
l
uret
odev
elopast
rat
egi
cPl
an
Uncont
rol
l
edGr
owt
h
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 10
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheChar
act
eri
sti
csofEnt
repr
eneur
s?
Sel
ectone:
Desi
ref
orr
esponsi
bil
i
ty
Pr
efer
encef
ormoder
atel
evel
sofr
isk–r
iskel
i
minat
ors
Conf
idencei
nthei
rabi
l
ityt
osucceed
Al
loft
heabov
e 
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 11
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agquest
ion

Quest
iont
ext

Accor
dingtostudyreport
sofGlobalEnt
repr
eneurshi
pMonit
or(GEM),
ent
repr
eneur
sar
e
mostli
kel
ytolaunch busi
nesseswhentheyarebetweent
heagesof35and44.
Sel
ectone:
Tr
ue 
Fal
se
Feedback

Thecor
rectansweri
s'Tr
ue'
.

Quest
i 12
on 
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ncorr
ect
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agquest
ion

Quest
iont
ext

Ent
repr
eneur
sar
epar
aly
zedbyt
hepr
ospectoff
ail
ure.
Sel
ectone:
Tr
ue 
Fal
se
Feedback

Thecor
rectansweri
s'Fal
se'
.

Questi 13
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ect
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheCul
tur
alDi
ver
sit
yofEnt
repr
eneur
shi
p?
Sel
ectone:
Cor
por
atedr
opout
s
Soci
alent
repr
eneur
s
Al
loft
heabov
e 
Ret
ir
ingbabyboomer
s
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 14
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheDr
awbacksofEnt
repr
eneur
shi
p?
Sel
ectone:
Hi
ghl
evel
sofst
ress
Compl
eter
esponsi
bil
i
ty
Al
loft
heabov
e 
Di
scour
agement
Feedback

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scor
rect
.
Thecor
rectansweri
s:Al
loft
heabov
e

Questi 15
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheChar
act
eri
sti
csofEnt
repr
eneur
s?
Sel
ectone:
Ski
l
ledator
gani
zi
ng
Al
loft
heabov
e 
Val
ueachi
evementov
ermoney
Fut
ureor
ient
ati
on–oppor
tuni
ty,
necessi
ty,
andser
ial
ent
repr
eneur
s
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 16
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheCul
tur
alDi
ver
sit
yofEnt
repr
eneur
shi
p?
Sel
ectone:
a.
 Par
t-
ti
meent
repr
eneur
s
b.
 Al
loft
heabov
e 
c.
 I
mmi
grantent
repr
eneur
s
d.
 Home-
basedbusi
nesses
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 17
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheChar
act
eri
sti
csofEnt
repr
eneur
s?
Sel
ectone:
Desi
ref
ori
mmedi
atef
eedback
Det
ermi
nat
ion
Hi
ghl
evel
ofener
gy
Al
loft
heabov
e 
Feedback

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scor
rect
.
Thecor
rectansweri
s:Al
loft
heabov
e

Questi 18
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agquest
ion

Quest
iont
ext

Mostent
repr
eneur
stur
ntof
ami
l
ymember
sandf
ri
endsf
or_
___
___
__.
Sel
ectone:
mot
ivat
ion
capi
tal
 
l
ove
suppor
t
Feedback

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scor
rect
.
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rectansweri
s:capi
tal

Questi 19
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agquest
ion

Quest
iont
ext

Ent
repr
eneur
stendt
oexhi
bit_
___
___
___.
Sel
ectone:
Al
loft
heabov
e 
Tenaci
ty
noneoft
heabov
e
Awi
l
li
ngnesst
owor
khar
d
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 20
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agquest
ion

Quest
iont
ext
Successf
ulent
repr
eneur
slear
ntof
ail
int
ell
i
gent
ly.
Sel
ectone:
Tr
ue 
Fal
se
Feedback

Thecor
rectansweri
s'Tr
ue'
.

Questi 21
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheBenef
it
sofEnt
repr
eneur
shi
p?
Sel
ectone:
Al
loft
heabov
e 
Reachy
ourf
ull
pot
ent
ial
Makeadi
ff
erence
Cr
eat
eyourowndest
iny
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 22
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agquest
ion

Quest
iont
ext

Anyact
ivi
tywhi
chi
sunder
takenwi
thani
ntent
iont
oear
npr
ofi
tiscal
l
ed_
___
___
___.
Sel
ectone:
asset
cr
edi
t
busi
ness 
empl
oyment
Feedback

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scor
rect
.
Thecor
rectansweri
s:busi
ness

Questi 23
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agquest
ion

Quest
iont
ext

Onewhocr eat
esanewbusi nessinthefaceofr
iskanduncer
tai
ntyf
orthepurposeof
achiev
ingprof
itandgrowt
h byident
if
yingoppor
tuni
ti
esandassembl
ingthenecessar
y
resour
cestocapital
i
zeonthem.  
 
Sel
ectone:
di
str
ibut
or
st
akehol
der
busi
nessowner
ent
repr
eneur
 
Feedback

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scor
rect
.
Thecor
rectansweri
s:ent
repr
eneur

Questi 24
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 Fl
agquest
ion

Quest
iont
ext

Onechar
act
eri
sti
cofent
repr
eneur
sthatst
andsouti
s__
___
___
__.
Sel
ectone:
or
igi
nal
i
ty
Di
ver
sit
y 
hospi
tal
i
ty
har
dwor
k
Feedback

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scor
rect
.
Thecor
rectansweri
s:Di
ver
sit
y

Questi 25
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agquest
ion

Quest
iont
ext

Whi
choft
hef
oll
owi
ngi
s/ar
etheDr
awbacksofEnt
repr
eneur
shi
p?
Sel
ectone:
Uncer
tai
ntyofi
ncome
Al
loft
heabov
e 
Ri
skofl
osi
ngy
ourent
ir
einv
est
ment
Longhour
sandhar
dwor
k
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e
Questi 1
on 
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ect
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agquest
ion

Quest
iont
ext

Ent
repr
eneurcanst
imul
atet
hei
rowncr
eat
ivi
tyand 
encour
agei
tamong 
wor
ker
sby
:
Sel
ectone:
Expect
ingCr
eat
ivi
ty
Expect
ingAndTol
erat
ingFai
l
ure
Al
loft
heabov
e 
Embr
aci
ngDi
ver
sit
y
Feedback

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scor
rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 2
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agquest
ion

Quest
iont
ext

Ent
repr
eneurcanst
imul
atet
hei
rowncr
eat
ivi
tyand encour
agei
tamong 
wor
ker
sby
:
Sel
ectone:
Dev
elopi
ngaPr
ocedur
eForCapt
uri
ngI
deas
Al
loft
heabov
e 
Rewar
dingCr
eat
ivi
ty
Pr
ovi
dingSuppor
t
Feedback
Youransweri
scor
rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 3
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agquest
ion

Quest
iont
ext

Leader
sofi
nnov
ati
onhasi
dent
if
iedt
hef
oll
owi
ng 
secr
etsf
orLeadi
ngCr
eat
ivi
ty:
Sel
ectone:
Theyar
ePeopl
eCent
ered
Al
loft
heabov
e 
TheyUnder
standHowToManageI
deas
TheyMai
ntai
naCul
tur
eOfChange
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 4
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agquest
ion

Quest
iont
ext

I
tinv
olv
esgener
ati
ngsomet
hingf
rom not
hing.
Sel
ectone:
I
nnov
ati
on
Appl
i
cat
ion
Ent
repr
eneur
shi
p
Cr
eat
ivi
ty 
Feedback

Youransweri
scor
rect
.
Thecor
rectansweri
s:Cr
eat
ivi
ty

Questi 5
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agquest
ion

Quest
iont
ext

I
tref
erst
osomet
hingnewort
oachangemadet
oanexi
sti
ngpr
oduct
,idea,
 
orf
iel
d.
Sel
ectone:
I
nnov
ati
on 
Ent
repr
eneur
shi
p
Cr
eat
ivi
ty
I
nvent
ion
Feedback

Youransweri
scor
rect
.
Thecor
rectansweri
s:I
nnov
ati
on

Questi 6
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ect
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agquest
ion

Quest
iont
ext

Thebar
ri
er/
sofcr
eat
ivi
tyi
s/ar
ethef
oll
owi
ng:
Sel
ectone:
Al
loft
heabov
e 
Focusi
ngon“
bei
ngl
ogi
cal
”.
Bl
i
ndl
yfol
l
owi
ngt
her
ules.
Sear
chi
ngf
ort
heone“
ri
ght
”answer
.
Feedback

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scor
rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 7
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agquest
ion

Quest
iont
ext

Leader
sofi
nnov
ati
onhasi
dent
if
iedt
hef
oll
owi
ng 
secr
etsf
orLeadi
ngCr
eat
ivi
ty:
Sel
ectone:
Theyar
eVi
sionar
ies
TheyThi
nk
Al
loft
heabov
e 
TheyLi
stenToCust
omer
Feedback

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scor
rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 8
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agquest
ion

Quest
iont
ext

Ent
repr
eneurmustest
abl
i
shanenv
ironmenti
nwhi
ch 
creat
ivi
tycanf
lour
ish 
fort
hemsel
ves
andf
ort
hei
rwor
ker
s.
Sel
ectone:
Tr
ue 
Fal
se
Feedback

Thecor
rectansweri
s'Tr
ue'
.

Questi 9
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agquest
ion

Quest
iont
ext

Peopl
ewhor
elymor
eheav
il
yont
her
ighthal
foft
hei
rbr
aint
endt
obemor
e i
magi
nat
iveand
i
ntui
ti
ve.
Sel
ectone:
Tr
ue 
Fal
se
Feedback

Thecor
rectansweri
s'Tr
ue'
.

Questi 10
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ect
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agquest
ion

Quest
iont
ext

Thebar
ri
er/
sofcr
eat
ivi
tyi
s/ar
ethef
oll
owi
ng:
Sel
ectone:
Fear
ingl
ooki
ngf
ool
i
sh.
Fear
ingmi
stakesandf
ail
ure.
Av
oidi
ngambi
gui
ty.
Al
loft
heabov
e 
Feedback

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scor
rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 11
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agquest
ion

Quest
iont
ext

Leader
sofi
nnov
ati
onhasi
dent
if
iedt
hef
oll
owi
ng 
secr
etsf
orLeadi
ngCr
eat
ivi
ty:
Sel
ectone:
TheyLov
ewhatt
heydoandf
undoi
ngi
t
TheyMaxi
mizet
eam Sy
ner
gy,
bal
anceandf
ocus
TheyRef
uset
otake‘
’
no’
’foranAnswer
Al
loft
heabov
e 
Feedback

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rect
.
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rectansweri
s:Al
loft
heabov
e

Questi 12
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agquest
ion

Quest
iont
ext

Lef
tbr
aindomi
nat
edpeopl
etendt
obemor
elogi
cal
 andanal
yti
cal
int
hei
r 
thi
nki
ngand
usual
l
yex
cel
atmat
hemat
icsandwor
dski
l
ls.

Sel
ectone:
Tr
ue 
Fal
se
Feedback

Thecor
rectansweri
s'Tr
ue'
.

Questi 13
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ect
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Fl
agquest
ion

Quest
iont
ext

Thebar
ri
er/
sofcr
eat
ivi
tyi
s/ar
ethef
oll
owi
ng:
Sel
ectone:
Becomi
ngov
erl
yspeci
ali
zed.
Vi
ewi
ngpl
ayasf
ri
vol
ous.
Al
loft
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e 
Const
ant
lybei
ngpr
act
ical
.
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I
tist
heabil
i
tytocr
eat
enewand 
usef
uli
deast
hatsol
vepr
obl
emsand 
chal
l
enges 
peopl
e
f
aceever
yday.
Sel
ectone:
I
nnov
ati
on
Appl
i
cat
ion
Ent
repr
eneur
shi
p
Cr
eat
ivi
ty 
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repr
eneur
shi
p

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iont
ext

Ent
repr
eneurcanst
imul
atet
hei
rowncr
eat
ivi
tyand encour
agei
tamong 
wor
ker
sby
:
Sel
ectone:
Pr
ovi
dingCr
eat
ivi
tyTr
aini
ng
Encour
agi
ngCur
iosi
ty
Al
loft
heabov
e 
Vi
ewi
ngPr
obl
emsasChal
l
enges
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ion

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iont
ext

Iti
stheresul
tofanent
repreneur
’sdream of somethi
ngthatdoesnotexi
sty
etandt
he
abi
li
ty t
opaintacompell
i
ngpi ct
ureofthatdream f
or ev
eryonetosee.
Sel
ectone:
goal
obj
ect
ives
v
isi
on 
mi
ssi
on
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isi
on

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iont
ext

Posi
ti
veexter
nal
fact
orst
hecompanycanexpl
oitt
o accompl
i
shi
tsmi
ssi
on,
goal
s,and
obj
ecti
ves.
Sel
ectone:
t
hreat
s
oppor
tuni
ti
es 
weaknesses
st
rengt
hs
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tuni
ti
es

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iont
ext

whi
choft
hef
oll
owi
ngi
s/ar
easpect
sofasmal
lcompany
?
Sel
ectone:
Pr
oduct
stheysel
l
Pr
ici
ngt
heyof
fer
Ser
vicet
heypr
ovi
de
Al
loft
heabov
e 
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iont
ext

whi
choft
hef
oll
owi
ngi
s/ar
eSt
rat
egi
cManagementPr
ocess?
Sel
ectone:
I
dent
if
ykeysuccessf
act
ors.
Cr
eat
egoal
sandobj
ect
ives.
Anal
yzecompet
it
ion.
Al
loft
heabov
e 
Feedback

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iont
ext

whi
choft
hef
oll
owi
ngi
s/ar
eSt
rat
egi
cManagementPr
ocess?
Sel
ectone:
For
mul
atest
rat
egi
es.
Al
loft
heabov
e 
Est
abl
i
shaccur
atecont
rol
s.
Tr
ansl
atepl
ansi
ntoact
ions.
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iont
ext

I
tisaroadmapoft heact
ionsanent
repr
eneur
 dr
awsupt
oachi
eveacompany
’smi
ssi
on,
goal
s,and obj
ect
ives.
Sel
ectone:
obj
ect
ives
goal
s
pur
pose
st
rat
egy
 
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rat
egy

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iont
ext

Theaggregati
onoffact
orsthatset
sacompany  apartf
rom i
tscompet
it
orsandgi
vesi
ta
uni
que posit
ioni
nthemar kett
hatissuper
iort
oits compet
it
ion.
Sel
ectone:
compet
it
iveadv
ant
age 
st
rat
egi
cmanagement
f
ranchi
se
st
rat
egi
cpl
an
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it
iveadv
ant
age

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iont
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Iti
sawr i
tt
enexpressi
onofhow  t
hecompanywi
l
lref
lectanent
repr
eneur
’s v
alues,
bel
i
efs,
andvi
sion–mor ethanjust
 “maki
ngmoney.”
Sel
ectone:
goal
v
isi
on
obj
ect
ives
mi
ssi
on 
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ssi
on

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iont
ext

I
tinvol
vesdevel
opi
ngagamepl ant
oguidea companyasitst
ri
vestoaccompl
i
shi
ts 
missi
on,goal
s,andobj
ect
ives,
andtokeepit
 onit
sdesir
edcourse.
Sel
ectone:
compet
it
iveadv
ant
age
st
rat
egi
cpl
an
f
ranchi
se
st
rat
egi
cmanagement
 
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rat
egi
cmanagement

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ion

Quest
iont
ext

Posi
ti
veint
ernal
fact
orsacompanycandr
awont
o accompl
i
shi
tsmi
ssi
on,
goal
s,and
obj
ecti
ves.
Sel
ectone:
v
isi
on
mi
ssi
on
st
rengt
hs 
weaknesses
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rengt
hs

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iont
ext

Thepr act
iceofgat
her
ing,
 or
gani
zi
ng,anddissemi
nati
ngthe coll
ect
ivewi
sdom and
experi
ence ofacompany’
semployeesfort
he pur
poseofstrengt
heningi
ts compet
it
ive
posit
ion.
Sel
ectone:
obj
ect
ives
st
rat
egy
pur
pose 
goal
s
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pose

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iont
ext

whi
choft
hef
oll
owi
ngi
s/ar
eSt
rat
egi
cManagementPr
ocess?
Sel
ectone:
Dev
elopav
isi
onandt
ransl
atei
tint
oa mi
ssi
onst
atement
.
Scanenv
ironmentf
oroppor
tuni
ti
esandt
hreat
s.
Assessst
rengt
hsandweaknesses.
Al
loft
heabov
e 
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heabov
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iont
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Acl
ear
lydef
inedv
isi
on_
___
___
___.
Sel
ectone:
Pr
ovi
desdi
rect
ion
Det
ermi
nesdeci
si
ons
Mot
ivat
espeopl
e
al
loft
heabov
e 
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loft
heabov
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iont
ext

Negat
iveexter
nal
fact
orst
hati
nhi
bitt
hef
ir
m'sabi
l
ity
 toaccompl
i
shi
tsmi
ssi
on,
goal
s,and
obj
ect
ives.
Sel
ectone:
oppor
tuni
ti
es
st
rengt
hs
weaknesses
t
hreat
s 
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hreat
s

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iont
ext

Negat
ivei
nternal
fact
orst
hati
nhi
bita company
’sabi
l
ityt
oaccompl
i
shi
tsmi
ssi
on,
 goal
s,
andobj
ect
ives.
Sel
ectone:
mi
ssi
on
weaknesses 
v
isi
on
st
rengt
hs
Feedback

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rect
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