1. The following example of networking represents which type of activity: In an entrepreneurial setting, you might be: renewing contact with a old school friend, now working in a finance house, to provide advice or support for the venture; converting an informal contact made while on holiday into a potential client; or building a much closer relationship with a supplier, which may lead to a formal alliance or merger.

2. The technical characteristics of the small business would include all of the following except:

3. Incubation stage deals with

4. ______ are three basic forms of franchising.

5. In franchising, the entrepreneur assumes fewer risks because the franchise provides all but which one of the following?

6. ______ is NOT a business plan concern of family and friend investors.

7. Monitoring ___________ during the implementation of the marketing plan allows the entrepreneur to establish controls on the process.

8. What are the main sources of entrepreneurial opportunity?

9. Project selection is

10. . Entrepreneurial culture and growth orientation consists of all of the following except:

11. The _____________ describes attempts to sell current products to new customers. Product-customer exploitation strategy

12. The difference between the buying and selling price is called _____ and it should be enough to cover all fixed costs.

13. A suggested guideline for training is

14. Which of the following is not a main project objective?

15. Product development process involves

16. Which of the following is not considered a common characteristic of an entrepreneur?

17. An internal environmental variable.

18. The _____ budget is used to project cash flows for the cost of goods produced.

19. A product can include all of these except _______.

20. The ___________ of a marketing plan is sometimes dependent on the solvency of the organization.

21. Which of the following shows the process of creating something new?

22. ______ refers to employees' beliefs about the promises between the employee and the firm.

23. A/An ________ is defined as the blueprint describing the business strategy for entering the

24. The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an _____.

25. The ideas for new businesses that are obtained by entrepreneurs are derived from many sources. These various sources include all but _______.