HM221 - Midterm Exam - May 09

The history of entrepreneurship can be traced all the way back the __________.

• 17,000 B.C

• 10,000 B.C

• 20,000 B.C

• 16,000 B.C

The history of entrepreneurship can be traced back between merchants and ___________.

• sellers

• barters

• retailers

• money

The word entrepreneur comes from what French word?

• entreprendre

• entependre

• entrepende

• enteprende

Who's management thinker said that we should pursue opportunities of doing business even with limited resources?

• Howard Stevenson

• Peter Drucker

• Henry Mintzberg

• Michael Porter

Who's management thinker said that being an entrepreneur is a trait that one can develop over the years?

• Howard Stevenson

• Peter Drucker

• Henry Mintzberg

• Michael Porter

Who's management thinker said that entrepreneurship is a combination of craft, art, and science?

• Howard Stevenson

• Peter Drucker

• Henry Mintzberg

• Michael Porter

Peter Drucker is considered as the Father of ________.

• modern management

• business mind

• entrep mind

• businessman

This element is composed of family, buyers, and employees.

• households

• employees

• business

• government

This element hires households and pay taxes to the government.

• households

• employees

• business

• government

This element implements laws to protect its citizens and uses the taxes to build infrastructure, buildings, etc.

• households

• employees

• business

• government