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Socsc12- Midterm Exam
  • Mharvie Nagal

  • 問題数 42 • 10/18/2023

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    問題一覧

  • 1

    The key to ___________ entrepreneurship is a continuously expanding and growing mindset.

    Successful

  • 2

    An entrepreneurial mindset is a set of skills that enable people to identify and make the most __________.

    Opportunities

  • 3

    Managerial mindset is the art of getting things done through proper (enumerate 5) _______ , ______ , __________ , ___________ , ___________.

    Planning, Organizing, Controlling, Staffing, Directing

  • 4

    Entrepreneurial thinking is developing new ends using available ___________.

    Means

  • 5

    entrepreneurial mindset is the process of creating an ________ by taking financial risk.

    Innovation

  • 6

    A _________ attitude helps an entrepreneur to quickly identify problems and provide timeline solution.

    Go-Getter

  • 7

    Successful entrepreneurs are known for thinking ________.

    Outside The Box

  • 8

    Entrepreneurs are motivated by __________ while managers are motivated by ___________ and ___________.

    Achievements, Power, Position

  • 9

    The "Worldly Philosophers" are great economic thinkers and their common interest is the human drive for __________.

    Worldly Wealth

  • 10

    The "Invisible Hand" of Adam Smith refers to the _________ that makes the market self-adjusting and self-regulating.

    Natural Force

  • 11

    The _________ is a metaphor for the unseen forces that move the free market economy.

    Invisible Hand

  • 12

    The Invisible hand is simply the sum of ________ by economic actors.

    Voluntary Activities

  • 13

    Malthus in his "Essay on the principle of population" believed that through _______ and _______ the population would be controlled.

    Positive Checks, Preventive Checks

  • 14

    Saint Simon proposed a new and positive reorganization of society, controlled by the chiefs of industry, with scientist in the role of __________ and advocated ____________.

    Priests, State Ownership Of Property

  • 15

    The "Iron Law of Wages" of Ricardo states that wages must remain at the _________.

    Substinence Level

  • 16

    The __________ believe that the major source of wealth is the land.

    Physiocracy

  • 17

    The early life of Robert Owen resembles a ________ story.

    Horatio-Alger

  • 18

    Leadership is associated with (enumerate 5) ________ , _________ , ________ , _________ , ____________.

    Vision, Creativity, Dynamism, Change, Risk-Taking

  • 19

    Forced entrepreneurs are compelled by their __________ backgrounds.

    Socio-Economic

  • 20

    _____________ entrepreneurs are self-made.

    First-Generation

  • 21

    ___________ take up their entrepreneurial activities at individual level.

    Individual Entrepreneurs

  • 22

    Agricultural entrepreneurs are involved in _________ and allied activities such as animal husbandry, horticulture, among others.

    Agriculture

  • 23

    _________ entrepreneurs promote and establish corporate empires.

    Corporate

  • 24

    -Managers- are visionary

    Leaders

  • 25

    Individual freedom means that by following individuals --Self-Interest-- an efficient allocation of resources is attained.

    True

  • 26

    One of the best keep secrets in economics is that there ---is no room--- for the invisible hand.

    No Case

  • 27

    The capitalists also called "Haute Bourgeoisie" or ----high upper class---- are financial backers of production.

    High Middle Class

  • 28

    The ----proletariat---- is the so-called working class are the lowly wage earners.

    True

  • 29

    A very special kind of return according to Ricardo is -----profit-----

    Rent

  • 30

    Entrepreneurs are people who have the ability to see and evaluate business ----ideas----

    True

  • 31

    successful -----entrepreneurs---- will foster innovation in the company they work.

    Intrapreneurs

  • 32

    Entrepreneurs and intrapreneurs are both ----leaders--------.

    True

  • 33

    entrepreneurship is a ----stationary----- process of creating incremental wealth and impact.

    Dynamic

  • 34

    ---Effective Leaders--- build a climate of trust where people can freely express their ideas and concerns

    True

  • 35

    ---Leadership--- suggest a proactive search for opportunities within a market and the propensity to take risks.

    Entrepreneurship

  • 36

    ----Commitment and determination ---- can be defined as the process of social influence.

    Leadership

  • 37

    Entrepreneurs are obsessed with ---opportunity----

    True

  • 38

    ----Imitative--- entrepreneurs introduce new combination of factors of production.

    Innovative

  • 39

    Drone entrepreneurs are very ---traditional, orthodox, and conservative--- in outlook.

    True

  • 40

    Fabian entrepreneurs ---are not doubtful and skeptics--- in their approach.

    Doubtful And Skeptics

  • 41

    Imitative entrepreneurs ---adopt and imitate--- innovations and business polices.

    True

  • 42

    Pure entrepreneurs are guided by the ----profit motive----

    True