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BML Final Set 7
Test Description: BML Final Set 7
Instructions: Answer all questions to get your test result.
1) The process of starting, organizing, managing and assuming responsibility for a business is called
A
capitalism.
B
management.
C
leadership.
D
entrepreneurship.
2) Which of these is NOT a typical source for entrepreneurs?
A
new inventions
B
new channels of distribution
C
innovations on old products or services
D
copying exactly what someone else is doing
3) Which of these is an important factor in becoming an entrepreneur?
A
having an advanced degree in business
B
being able to develop marketable ideas
C
having independent wealth prior to beginning
D
living in or near a major city
4) Which of these is NOT an important factor in becoming an entrepreneur?
A
developing a good initial business plan
B
having family who is entrepreneurial
C
being driven to be your own boss
D
having special skills and abilities
5) Entrepreneurs
A
always start their first business in their teens.
B
must have a business degree.
C
have a low tolerance for ambiguity.
D
come from all age categories and backgrounds.
6) Employees who experience ___ are more likely to be satisfied with their jobs.
A
poor working conditions
B
recognition for doing their job well
C
always being assigned tasks they dislike
D
poor communication
7) Employees who experience ____ are less likely to be satisfied with their jobs.
A
rotation in the assignment of unpopular tasks
B
inconsistent application of company policies
C
managers who adapt their management style to the situation
D
clear explanations of tasks and management expectations
8) 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
position influence
C
reward influence
D
expert influence
9) Greg is a super-nice guy and always sends flowers on people's birthdays. He is most likely to have
A
expert influence
B
reward influence
C
identity influence
D
position influence
10) 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
expert influence
B
position influence
C
identity influence
D
reward influence
*select an answer for all questions
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