ENT204

1. Entrepreneurs are _____ in their abilities and the business concept.

2.  Entrepreneurship is derived from the _______ term "entreprendre" which means to undertake, to pursue opportunities, to fulfill the needs and wants through innovation and starting businesses.

3. Many successful entrepreneurs succeeded only after they had failed several times.

4. ________ involves regularly reviewing mistakes in a non-recriminatory way and establishing guidelines to prevent them from reoccurring.

5. Which of the following according to Thurley (1979) described the five approaches to managing change.

6. Christensen and Overdorf maintain that when an organization faces the same sort of problem that its processes and values were designed to address, managing can be straightforward.

7. ____________“ascribes the inculcation of’ the achievement motive to child rearing practices which stress standard of excellence, maternal warmth, self-reliance training and a low father dominance”. .

8. Work team offers the potential and prospect for positive growth and development in the area of entrepreneurial development.

9. Entrepreneurs act on their ­­­­_____________because they have a high need for achievement, shown in many studies to be higher than that of the general population.

10.  Which one of the following is NOT among the factors affecting team building.

11. The _____________ characteristics include extra-version, conscientiousness, agreeableness, openness, and neuroticism.

12. The concept of an entrepreneur is further refined when principles and terms from a business, managerial, and personal perspective are considered.

13. Entrepreneurship is a ________________ activity

14. The life of an entrepreneur is_____________. No one is sating schedules or step-by-step processes for the entrepreneur to follow.

15.  Robson (1996) affirms that if government places a ban on importation of a firm�??s input, production will be impossible, especially when the existing stock of inputs are exhausted.

16. Performance of the entrepreneur is contingent on _________ factors

17.  Where government policy contradicts the interest of a firm, the firm can NOT be adversely affected.

18.  The ________ cycle provides opportunities for continuous evaluation and improvement.

19.  _________ is in the middle of the model because it is a shared responsibility of every team member.

20. Adam Smith's book titled the "the wealth of nation" was written in _________ year.

21. Are cultural factors a determinant for success in business? Yes or No

22.  _________ viewed entrepreneurship as an �??established way of doing business are destroyed by the creation of new and better ways to do them.

23. A person who believes that fate, the economy, or other outside factors determine success has an ________________ locus of control and is not likely to succeed as an entrepreneur.

24. Will it be true to say that members of some ethno-cultural groups typically have a higher rate of business formation and ownership than do others? Yes or No.

25. ________ is when quality is defined in terms of cost and prices as well as number of other attributes.

26. Work teams can exist in isolation.

27.  __________ has become an increasingly common practice, an opportunity for small firms.

28.  Which of the following is a component of a transformational leader.

29. Thurley (1979) described the following _________approaches to managing change.

30. Quality is an abstract construct used to measure services and products. True or False.

31. There is no consensus concerning the definition of entrepreneur but most include a willingness to take risks in the pursuit of an_________________.

32. Entrepreneurs are seen as those with high need for achievement (N-arch), _____________risk takers as well as those with Internal locus of control.

33. _________ prescribed fourteen measures to cure the crisis of quality.

34. Which of the following is a Guideline for Effective Team Participation.

35. Poor investment decisions, dividend policy and other financing decisions affects the ______________of firm.

36. Autonomy is the idea for ______________and the freedom to make decisions.

37. Many successful entrepreneurs succeeded only after they had __________ several times.

38.  _________has been defined as a person's belief in his or her capability to perform a task.

39.  Which one of the following is NOT a mechanism for change according to Lewin's model.

40. Which of the following is a characteristics of a successful Entrepreneur.

41. Which one of the following is a factor that influences Entrepreneurship.

42. They also may fail because the entrepreneur chooses the wrong business or does not have entrepreneurial ______

43.  Entrepreneurs do NOT face uncertain and irregular incomes.

44. It is common for entrepreneurs to learn an _____________ while working for someone else.

45. __________ is an instrument of sustained and enduring success in business ventures.

46. When faced with a growing company, the entrepreneur often makes a conscious decision to limit company growth or even reduce the company size.

47. The entrepreneurial _________can also be discovered by keeping the Larger business and starting a second one.

48. The factors that define capabilities and disabilities evolve over time - they start in resources, then move to visible, articulated processes and values, and finally migrate to culture.

49. ________ascribes the inculcation of the achievement motive to child rearing practices which stress standard of excellence, maternal warmth, self-reliance training and a low father dominance.

50. The cooperative societies sell their products to outsiders only in debts. True of False