Entrepreneurship (MGT602) Quiz # 1 QUIZTime: 30 minutesExpected:90%Question No. 1 Marks 10Choose the correct option (simply highlight the correct option)1. An entrepreneur’s primary motivation for...

Entrepreneurship (MGT602) Quiz # 1 QUIZTime: 30 minutesExpected:90%Question No. 1 Marks 10Choose the correct option (simply highlight the correct option)1. An entrepreneur’s primary motivation for starting a business isTo make moneyTo be independentTo be famousTo be powerful2. To be successful in an entrepreneurial venture, you needMoneyLuckHard workA good idea3. Entrepreneurs are best asManagersVenture capitalistsPlannersDoers4. A successful entrepreneur relies on which of the following for critical management adviceInternal management teamExternal management professionalsFinancial sources No one5. Entrepreneurs are:High risk takersModerate risk takersSmall risk takersDoesn’t matter6. Entrepreneurs typically formService businessesManufacturing companiesConstructive companiesA variety of ventures7. Entrepreneurs:Are the life of the partyAre bores at a cocktail partyWill never go to partiesJust fit into the crowd at a party8. Entrepreneurs and ventures capitalists:Get along wellAre the best friendsAre cordial friendsAre in conflict9. An entrepreneur’s primary motivation for high ego and need for achievement is based upon a relationship with:SpouseMotherFatherChildren10. An individual usually begins his or her first significant entrepreneurial business enterprise at what ageTeensTwentiesFortiesFifties