Reference no: EM132286834

1. Which of the following factors makes an industry less attractive?

A. The number of competitors in an industry is large.

B. Competitors in an industry are about the same size.

C. The opportunity to sell a differentiated product or service is present.

D. The industry is growing at a fast pace.

E. All of the above factors make an industry less attractive.

2. The principal cause of ethical lapses is:

A. employees who feel pressure to do whatever it takes to meet business targets.

B. employees who are unfamiliar with the ethical standards that apply to their jobs.

C. employees who bend the rules for personal gain.

D. employees who fear losing their jobs if the business does not meet its goals.

E. employees who believe they will be rewarded for results and not the means used to achieve them.

3. Synetics is defined as:

A. the way the brain processes information as part of the creative process.

B. taking two seemingly nonsensical ideas and combining them into a creative idea.

C. measuring a person's ability to see the differences among various data and events.

D. taking the time to daydream about a problem or situation.

E. a person's ability to see the similarities and connections among various and often diverse data and events.

4. Which of the following is not a benefit of entrepreneurship?

A. The opportunity to create your own destiny.

B. The opportunity to operate without interference from the government.

C. The opportunity to do what you enjoy and have fun.

D. The opportunity to reap impressive profits.

E. The opportunity to make a difference in society.