stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
1.5 Entrepreneurs and leaders Quiz 1 Flashcards | StudBud
Explore
/
1.5 Entrepreneurs and leaders Quiz 1
1.5 Entrepreneurs and leaders Quiz 1
13 terms
·
StudBud Administration
·
753 plays
#Edexcel A Level #Business - 1.5 Entrepreneurs and leaders - Theme 1
Flashcards
13 cards
F
Practice quiz
P
Host live
L
Questions
13
Answers
1
A business objective based on increasing the sales relative to competitors is called....
Sales maximisation
Cost efficiency
Market share
Customer satisfaction
2
A manager who works within a business and promotes innovation and new ideas is an:
Iterpreneur
Extrapreneur
Entrepreneur
Intrapreneur
3
There are three main roles to being an Entrepreneur, which is NOT one of them:
Creating/setting up a business
Running/expanding a business
Innovation
Banking
4
Which of the following is
not
associated with moving from being an entrepreneur to a leader?
The need for motivation and inspiration
The need for shared ownership
The need for strategy and vision
The need for increased independence
5
A business which seeks to make a profit but which has primarily social objectives is called....
Sole trader
Public Limited Company
Social Enterpriase
Private Limited Company
6
What's the benefit to businesses of employing Intrapreneurs?
They can motivate others
They can help the business to avoid risk
They can drive innovation
They are cheap to employ
7
Which of the following is
not
a barrier to entrepreneurship?
Corrupt and unsupportive business environment
Lack of experience in the market
Trade liberalisation
Risk aversion
8
When a business sells the right to use its name and goodwill in return for a series of fees:
Outsourcing
Sale and leaseback
Offshoring
Franchising
9
Entrepreneurial characteristics vs motives , which of these is an entrepreneurial motive?
To be your own boss
Survival
Cost efficiency
Social objectives
10
Name one problem an Entrepreneur might face when starting a business
Lack of funding
All of these!
Lack of expertise
Lack of ideas
11
Which of the following is a financial motive for entrepreneurship?
Ethical stance
Social entrepreneurship
Independence and home working
Dividends
12
How can an Entrepreneur anticipate risk and uncertainty?
Market research
Market segmentation
Read the news
Differentiated marketing
13
What's meant by risk aversion?
The enjoyment of risk and uncertainty
The fear and therefore avoidance of risk and uncertainty
A risk taker
A lack of understanding of risk and uncertainty
