BML Final Set 7: Question Preview (ID: 9503)


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The process of starting, organizing, managing and assuming responsibility for a business is called
a) capitalism. b) entrepreneurship. c) management. d) leadership.
Which of these is NOT a typical source for entrepreneurs?
a) new inventions b) innovations on old products or services c) copying exactly what someone else is doing d) new channels of distribution
Which of these is an important factor in becoming an entrepreneur?
a) being able to develop marketable ideas b) living in or near a major city c) having an advanced degree in business d) having independent wealth prior to beginning
Which of these is NOT an important factor in becoming an entrepreneur?
a) having special skills and abilities b) being driven to be your own boss c) having family who is entrepreneurial d) developing a good initial business plan
Entrepreneurs
a) have a low tolerance for ambiguity. b) always start their first business in their teens. c) come from all age categories and backgrounds. d) must have a business degree.
Employees who experience ___ are more likely to be satisfied with their jobs.
a) always being assigned tasks they dislike b) recognition for doing their job well c) poor communication d) poor working conditions
Employees who experience ____ are less likely to be satisfied with their jobs.
a) managers who adapt their management style to the situation b) rotation in the assignment of unpopular tasks c) inconsistent application of company policies d) clear explanations of tasks and management expectations
Mac has 25 years of experience in his field and has won numerous company awards for his work. He is most likely to have
a) identity influence b) expert influence c) reward influence d) position influence
Greg is a super-nice guy and always sends flowers on people's birthdays. He is most likely to have
a) identity influence b) expert influence c) reward influence d) position influence
Kristi is a know-it-all who annoys her employees on a regular basis. However, she is the manager, so she is likely to have
a) identity influence b) expert influence c) reward influence d) position influence
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