Entrepreneurship, Organization, And Innovation MCQs

Option A: There are more women than men in U.S business because of the aspirations of U.S girls

Option B: There are relatively few women in U.S business partly because of female socialization

Option C: LDC businesswomen have a better chance than men of getting credit from bankers and suppliers

Option D: Businesswomen in India are viewed as naturally stronger, less emotional more socially adept and more rational than businessmen

Correct Answer: There are relatively few women in U.S business partly because of female socialization ✔

Option A: Protestants disapproved of accumulating wealth

Option B: Protestants failed to restrict extravagance and conspicuous consumption

Option C: Roman Catholicism expressed its asceticism in a secular vocation

Option D: capitalism was most advanced in Protestant countries

Correct Answer: capitalism was most advanced in Protestant countries ✔

Option A: Adam Smith

Option B: Max Weber

Option C: Joseph Schumpeter

Option D: William Baumol

Correct Answer: Max Weber ✔

I- coordinator of other production resources
II- decision maker under uncertainty
III- innovator
IV- gap filler and input completer

1. I and II only
2. II and III only
3. I, II and only
4. I, II, III and IV

Correct Answer: 4. I, II, III and IV ✔

Option A: oligopolistic capitalism

Option B: resource management

Option C: innovation

Option D: land and labor

Correct Answer: innovation ✔

Option A: An existing internet provider provides competition to two other providers in Dayton Ohlio

Option B: The production and marketing of the Model T Ford in the 19-teens

Option C: The invention of the Stanley steamer

Option D: An American buying a stock in the Philippines stock market

Correct Answer: The production and marketing of the Model T Ford in the 19-teens ✔

Option A: I and II only

Option B: II and III only

Option C: III and IV only

Option D: I and IV only

Correct Answer: II and III only ✔

Option A: I and II only

Option B: II and III only

Option C: I, II and III only

Option D: I, II, III, and IV

Correct Answer: I and II only ✔

Option A: based on government intervention in the means of production

Option B: that originated in the United States in the 19th Century

Option C: Where private owners of capital make decisions based on profit

Option D: that dominated developing economies in the 19 Century

Correct Answer: Where private owners of capital make decisions based on profit ✔

Option A: created stationary economies of scale

Option B: maintained the relationship between firms and their clients

Option C: replaced price as the important

Option D: limited the expansion of firms

Correct Answer: replaced price as the important ✔

Option A: the development of pure science, invention innovation financing the innovation and the innovation’s acceptance

Option B: introducing new products modifying production functions creating credit and making profits

Option C: innovation investment credit creation and economies growth

Option D: patent management resource gains mature innovation and speculative gains

Correct Answer: A. the development of pure science, invention innovation financing the innovation and the innovation’s acceptance ✔

Option A: Perfect competition

Option B: An economy below full employment

Option C: No savings or technical change

Option D: No entrepreneurial function is required

Correct Answer: An economy below full employment ✔