29 Questions
Who is known for purchasing McDonald's in 1961 and serving as its CEO from 1967 to 1973?
Ray Kroc
Which individual is associated with founding the Hilton Hotels chain?
Conrad Hilton
Who is known for being a British billionaire, entrepreneur, commercial astronaut, and business magnate?
Richard Branson
What is the significance of creativity according to the text?
Helps with problem-solving
Which activity does creativity NOT assist with based on the text?
Confusing thoughts and feelings
What technique involves encouraging individuals to see an idea or problem differently?
Forced Analogy
Which stage of the creative thinking process involves the actual generation of ideas?
Illumination
Which De Bono Thinking Hat focuses on critical thinking and negative aspects?
Black
What is the main goal of entrepreneurship according to Oxford Languages?
Taking on financial risk for profit
Which technique involves setting quotas requiring individuals to submit a specific number of ideas?
Ideas Quotas
In which stage of the creativity process do individuals lay out the plan for executing their ideas?
Implementation
According to Minniti, Bygrace, and Autio (2006), what is a likely characteristic of entrepreneurism?
Being opportunity-driven
What is a common challenge faced by early stage entrepreneurs as mentioned in the text?
Having complete responsibility
Who introduced the notion of spotting opportunity and acting upon it in entrepreneurship?
Peter Drucker
In the 21st century, what has led to a rise in economic importance and employment in the international service sector?
'Outsourcing' by companies
Which group is less likely to let fear of failure prevent them from starting a new business?
Graduates with post-school qualifications
What is the key role of the government in relation to entrepreneurship?
Creating a conducive environment
What did Richard Cantillon use to describe an entrepreneur in the 18th century?
'Someone who bore risk, made plans, organized, and owned factors of production'
How are small businesses defined?
Privately owned with fewer employees and revenue
What is a characteristic of small firms mentioned in the text?
Often family-owned
Which factor influences the speed of wealth creation in small businesses?
Risk involved
According to Zimmerer and Scarborough, what does 'culture' refer to?
Shared beliefs, values, and morals
What term is used to describe 'the arts, social institutions, and achievements of a particular nation'?
'Culture'
What does the term 'Culture' encompass?
Knowledge, beliefs, arts, laws, customs, and habits of individuals
Which economic development model is based on the Taylorian notion of 'economic rational man'?
Modernization model
What is one of Hofstede's cultural dimensions?
Power Distance
What is the main focus of the 'Dependency model' of economic development?
Multinational corporations and developed nations as colonists
What differentiates the 'Contingency' model from the Modernization and Dependency models?
It suggests that development need not be defined by the developed world
Which of the following is NOT one of Hofstede's cultural dimensions?
'Economic Rationality'
Explore the characteristics of composite entrepreneurship based on the study by Minniti, Bygrave, and Autio in 2006. Learn about the key traits such as opportunity-driven approach, limited growth potential, age group, gender, and educational qualifications.
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