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Management Practice Test: Entrepreneurship
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Management Practice Test: Entrepreneurship
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25 Questions

1. This type of business plan is a step up from the simplest type of business plan.
2. The fourth step in the initial pre-planning phase of the entrepreneurial process is ________.
3. In general, employee empowerment ________ motivation in employees.
4. This is one of the best ways for entrepreneurs to deal with especially difficult work-related or personal problems.
5. The form of legal ownership that an entrepreneur chooses for a venture primarily affects these concerns.
6. Once an entrepreneurial venture is actually up and running, the entrepreneur switches to a ________ role.
7. An entrepreneur should ________ a plan for dealing with an economic downturn ________ any downturn occurs.
8. In general, an entrepreneurial venture that sees ________ as its competitive advantage would tend to be ________ in structure.
9. To avoid problems in their personal lives, entrepreneurs need to become excellent time managers and deal with conflicts ________ they arise.
10. This is typically the second step in the initial pre-planning phase of the entrepreneurial process.
11. A person with a proactive personality is someone who ________.
12. The third step in the initial pre-planning phase of the entrepreneurial process is ________.
13. When hiring, entrepreneurs are more likely to make sure that these two elements are a good match than traditional HRM managers.
14. Besides being innovative in some way, a second defining characteristic of an entrepreneurial venture is that it is ________.
15. The best way for a hesitant entrepreneur to begin the process of employee empowerment is to ________.
16. The typical reason for why an entrepreneur considers implementing employee empowerment in an organization is to make sure that the organization ________.
17. In general, an entrepreneurial venture that sees ________ as its competitive advantage would tend to be ________ in structure.
18. A leader of an entrepreneurial organization is like a jazz band leader because she ________.
19. During the third step of the planning and organizing phase of an entrepreneurial venture, an entrepreneur ________.
20. A proactive person would be most likely to say this about his or her life.
21. The key to the proactive personality is that a proactive person feels that he or she can ________ any environment.
22. An 'accidental entrepreneur' is someone who became an entrepreneur because she ________."
23. After four years, ________ business.
24. When it was first starting out, the Viking Range company qualified as an entrepreneurial organization because its products were ________.
25. People who become entrepreneurs often have ________.

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