Developing Networks and Building Teams in Entrepreneurship MCQs
Developing Networks and Building Teams in Entrepreneurship MCQs
The following Developing Networks and Building Teams in Entrepreneurship MCQs have been compiled by our experts through research, in order to test your knowledge of the subject of Developing Networks and Building Teams in Entrepreneurship. We encourage you to answer these 20 multiple-choice questions to assess your proficiency.
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1: The connections with family, friends, and others who have a similar cultural background or ethnicity are called
A. Bonds
B. Bridges
C. Cognitive Comprehensiveness
D. None of these
2: In bridges the links that go further than simply sharing a sense of identity; for example, making connections with distant friends or colleagues who may have different backgrounds, cultures, and so on.
A. True
B. False
3: A process in which team members examine critical issues with a wide lens and formulate strategies by considering diverse approaches, decision criteria, and courses of action are called
A. Bonds
B. Bridges
C. Cognitive Comprehensiveness
D. None of these
4: Define Founding Team:
A. A phenomenon in which people share too similar a mindset, which inhibits their ability to spot gaps or errors.
B. A group of people with a mix of knowledge, skills, and experience.
C. A group of people with the same or similar characteristics such as age, gender, ethnicity, experience, and educational background.
D. A group of people with complementary skills and a shared sense of commitment coming together in founding an enterprise to build and grow the company.
5: Groupthink is a phenomenon in which people share a similar mindset, which inhibits their ability to spot gaps or errors.
A. Different mindset
B. similar mindset
C. Different & similar mindset
D. None of these
6: A group of people with a mix of knowledge, skills, and experience.
A. Heterogeneous Team
B. Homogenous Team
C. Impression Management
D. None of these
7: A group of people with the same or similar characteristics such as age, gender, ethnicity, experience, and educational background.
A. Heterogeneous Team
B. Homogenous Team
C. Impression Management
D. All of these
8: Impression Management paying conscious attention to the way people perceive you and taking steps to be perceived in the way you want others to see you
A. True
B. False
9: The connections to people or groups regardless of their position in an organization, society, or other community are called
A. Linkages
B. Self-selected stakeholders
C. Social capital
D. None of these
10: The people who “self-select” into a venture in order to connect entrepreneurs with resources in an effort to steer the venture in the right direction are called
A. Self-selected stakeholders
B. Social capital
C. Advertising Revenue Model
D. Brokers
11: Populated with people who willingly cooperate, exchange information, and build trusting relationships with each other are called?
A. Social capital
B. Advertising Revenue Model
C. Brokers
D. None of these
12: Customer-Led Pricing is a
A. pricing strategy that matches prices to other businesses selling the same or very similar products and services
B. pricing strategy that asks customers how much they are willing to pay and then offers the product at that price.
C. pricing strategy that asks customers how much they are willing to pay and then offers the product at that price.
D. None of these
13: In Franchising Revenue Model Earning revenue by selling franchises of an existing business to allow another party to trade under the name of that business.
A. True
B. False
14: A(n) ______ is an organization that helps early-stage entrepreneurs to refine an idea while also providing access to additional networks.
A. virtual mentor
B. incubator
C. founding team
D. networking event
15: There are three main varieties of social capital. Which of the following is one of those varieties?
A. capacity
B. nodes
C. ties
D. linkages
16: Which of the following is accurate when it comes to social capital?
A. Our bonds with friends and family are always beneficial.
B. Bonds that are too strong can have a negative impact on society.
C. Social capital is divided into four dimensions: the structural dimension, the cognitive dimension, the collective dimension and the relational dimension.
D. Social capital is tangible and should be considered on an organization’s balance sheet as an asset.
17: Using Internet sites like Twitter, LinkedIn, YouTube, Facebook and Instagram to connect with people who are experts in the field, potential stakeholders or fellow entrepreneurs is referred to as ______.
A. viral marketing
B. virtual networking
C. e-media
D. social marketing
18: ______ is/are paying conscious attention to the way people perceive you and taking steps to be perceived in the way you want others to see you.
A. Social norms
B. Impression management
C. Networking
D. Social awareness
19: Which of the following is true about networking?
A. While talking politics may seem like a faux pas, it is a recommended area of discussion at a networking event to build relationships based on personal interests.
B. A good networker will usually lead conversations.
C. Networking generally involves a quid pro quo strategy.
D. Networking is predominantly about developing business relationships with friends and acquaintances.
20: Which of the following is true when it comes to maintaining your networking?
A. We can only really manage around 40 relationships.
B. We can maintain around 250 relationships.
C. Maintaining a network through interaction can take the form of tweeting a useful piece of information to your network.
D. You should have a very consistent frequency of interaction over time with your stakeholders so they know what to expect.
21: ______ teams feature members who possess the same or similar characteristics.
A. Founding
B. Homogeneous
C. Project
D. Heterogeneous
22: What is the best definition of cognitive comprehensiveness?
A. A process in which team members examine critical issues with a wide lens and formulate strategies by considering diverse approaches, decision criteria, and courses of actions.
B. A process of information processing focusing on interpersonal conflict management.
C. A holistic approach to team building focusing on the thinking and behavior styles present in team members.
D. A systematic approach to team development where individuals outline their personality styles and focus on the overlap.
23: The text specifies three main advantages to networks. Which of the following is one of these advantages?
A. access to capital
B. relational capacity
C. private information
D. emotional support
24: A(n) ______ is a group of people with complementary skills and a shared sense of commitment coming together in starting an enterprise to build and grow the company.
A. new venture
B. organizational unit
C. founding team
D. strategic leadership team
25: ______ refers to our personal social networks populated with people who willingly cooperate, exchange information, and building trusting relationships with each other.
A. Weak ties
B. Social capital
C. Human capital
D. Intangible assets
26: ______ is a two-way game; it’s a targeted search, with a philosophy of contributing, giving value, sharing and exchanging information, and interacting with people.
A. Social
B. Bridging
C. Linking
D. Networking
27: ______ are people who choose to be involved with a venture in order to connect entrepreneurs with resources in an effort to steer the venture in the right direction
A. Self-selected stakeholders
B. Close-knit bonds
C. Family and friends
D. Angel investors
28: Which of the following is a tip for networking?
A. Ask good questions.
B. Stick to business-related topics in conversations.
C. Be clear about your “ask”—what do you want the other person to do for you?
D. Have a clear 30–45 second elevator speech about yourself ready to go.
Developing Networks and Building Teams in Entrepreneurship MCQs
