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entrepreneurship organization and innovation MCQs

Practise focused entrepreneurship organization and innovation questions with marked answers for exam preparation and subject revision.

entrepreneurship organization and innovation Mcqs
1. According to William Baumol under oligopolistic competition among large, high tech business firms. innovation has ?
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A. limited the expansion of firms

B. replaced price as the important

C. created stationary economies of scale

D. maintained the relationship between firms and their clients

2. According to Webers thesis ?
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A. capitalism was most advanced in Protestant countries

B. Protestants disapproved of accumulating wealth

C. Protestants failed to restrict extravagance and conspicuous consumption

D. Roman Catholicism expressed its asceticism in a secular vocation

3. Joseph Schumpeter is the exceptional economist who links the entrepreneur to ?
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A. innovation

B. land and labor

C. oligopolistic capitalism

D. resource management

4. Which of the following was a socialist country ?
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A. India

B. #NAME?

C. Holland

D. Soviet Union

5. Which of the following is an example of a Schumpeterian innovation ?
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A. The invention of the Stanley steamer

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

C. An existing internet provider provides competition to two other providers in Dayton Ohlio

D. An American buying a stock in the Philippines stock market

6. The Protestant Ethic and the Spirit of Capitalism was written by ?
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A. Max Weber

B. Joseph Schumpeter

C. Adam Smith

D. William Baumol

7. Which of the following is not an assumption of Schumpeters stationary state ?
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A. An economy below full employment

B. No entrepreneurial function is required

C. No savings or technical change

D. Perfect competition

8. The entrepreneur can be viewed as the ?
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A. gap filler and input completer

B. decision maker under uncertainty

C. coordinator of other production resources

D. #NAME?

9. Technical advance involves ?
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A. patent management resource gains mature innovation and speculative gains

B. innovation investment credit creation and economies growth

C. the development of pure science, invention innovation financing the innovation and the innovations acceptance

D. introducing new products modifying production functions creating credit and making profits

10. Capitalism is an economies system ?
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A. based on government intervention in the means of production

B. that dominated developing economies in the 19 Century

C. that originated in the United States in the 19th Century

D. Where private owners of capital make decisions based on profit
11. Which of the following is TRUE about gender and business world ?
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A. There are more women than men in U.S business because of the aspirations of U.S girls

B. LDC businesswomen have a better chance than men of getting credit from bankers and suppliers

C. Businesswomen in India are viewed as naturally stronger, less emotional more socially adept and more rational than businessmen

D. There are relatively few women in U.S business partly because of female socialization
12. Monopoly advantage is usually the result of greater opportunities such as ?
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A. access to more economic information than competitors

B. #NAME?

C. larger firm size

D. superior access to training and education