Multiple Choice Quiz


1	What was probably the catalyst for the creation of an enterprise culture in Britain?
		A)	Unemployment and corporate downsizing
		B)	The advent of a non-interventionist Thatcherite government
		C)	The collapse of Fordism


2	An enterprise culture is
		A)	a culture of business
		B)	a culture that promotes new and small enterprises
		C)	a proactive culture that is about initiating, doing, achieving


3	Why is it that religious leaders and devout Christians feature prominently in much of the recent trend towards social entrepreneurship in Britain?
		A)	Christianity condemns personal wealth creation and profit generation
		B)	Christianity places a premium upon charity (liberality to the poor)


4	How many important entrepreneurial attributes are missing from Chinese cultural values according to Kirby and Fan (1995).
		A)	3
		B)	4
		C)	11
		D)	59


5	History suggests that economies evolve through as series of waves (Kondratieff) or cycles (Schumpeter). How many waves or cycles are said to have characterised the UK economy over the past 200 years?
		A)	10
		B)	7
		C)	5
		D)	3


6	What is the fundamental reason why many countries have adopted Thatcherism?
		A)	To break the dependency culture
		B)	To reduce taxes
		C)	So that state-owned businesses can be privatised


7	The new service based economy results from the growth of the new knowledge-based industries and businesses that are based on turning into formal economic activities those functions that businesses and individuals previously did for themselves. Is this
		A)	True?
		B)	False?


8	There is very considerable confusion between network marketing and franchising? Which is the correct definition of franchising?
		A)	Self-employed distributors are encouraged to build a sales organisation of persons like themselves by their own efforts
		B)	The arrangement whereby the owner of a product, process or service allows someone else the right to use it in exchange for some sort of payment or payments.


9	What proportion of the new dot.com companies did Henry Blodget predict in March 2000 would disappear in five years?
		A)	33 per cent
		B)	50 per cent
		C)	75 per cent
		D)	100 percent


10	How did Fordism stultify entrepreneurship development?
		A)	By emphasising the importance of economies of scale in production
		B)	By encouraging the growth of the corporate culture
		C)	By promoting the prestige of the corporate enterprise.

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