ATTENTION:
Kindly note that you will be presented with 50 questions randomized from the NOUN question bank. Make sure to take the quiz multiple times so you can get familiar with the questions and answers, as new questions are randomized in each attempt.
Good luck!
GST204
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1. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
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2. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
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3. ________ conceives the entrepreneur as the innovator who implements change within markets through the carrying out of new combinations such as introduction of new techniques of production, reorganization of an industry and innovation.
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4. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
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5. Successful entrepreneurs are good at turning ideas into ____
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6. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
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7. An entrepreneur is a dynamic person who takes calculated _____
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8. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______
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9. A business owned, financed and managed by an individual is identified as _______
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10. Entrepreneurs within an organization is referred to as _______
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11. Entrepreneur was first accorded prominence by _________
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12. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______
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13. The value created by taking a resource or set of inputs, providing additional inputs or processes that increase the value of those inputs, and thereby generate a product or service that has greater market value at the next level of the value chain is referred to as _________
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14. _______is a great source of information, ideas and often opportunity.
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15. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________
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16. The mix of norms, values and beliefs that are shared by a particular community be it a business community, a cultural (or ethnic) community, a country, or a geographical region defined as _________
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17. Individuals with an internal locus of control believe that they are able to life events
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18. The term Entrepreneur seems to have been introduced into Economics by ______
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19. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture
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20. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______
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21. Span style approach will prevent you spreading your marketing budget and time too thinly is known as __________
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22. The psychologist sees an Entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and _______
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23. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
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24. Individual with an external locus of control believe that life's _______ are the result of external factors, such as chance, luck or fate.
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25. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
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26. ______ are individuals who identify public problems and apply business acumen to resolve them.
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27. The position that individualism is related directly to innovation and entrepreneurship is not __________________
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28. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
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29. Entrepreneurs come up with great ideas that lead to creativity and ___________
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30. The Distinctive design, graphics, logo, symbols, words, or any combination thereof that uniquely identifies a firm and/or its goods or services, guarantees the item's genuineness, and gives it owner the legal rights to prevent the unauthorized use referred to _________
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31. Scanning the environment is better and safer method of assessing than jumping Into the_______
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32. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
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33. _________trait is defined as stable qualities that a person shows in most situations
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34. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
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35. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______
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36. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business
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37. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
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38. what helps in generating a large number of product ideas is __________
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39. Business idea arises from an opportunity in the _________
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40. Illumination occurs when the idea surfaces as a realistic ________
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41. The functionality of an entrepreneur is based on some established _______
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42. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual
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43. A _______ business may be defined as any business in which two or more family members are involved and the majority of ownership or control lies within a family.
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44. Entrepreneurship is an activity embarked upon for a specific _____
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45. _________ as an entrepreneur is someone who is being driven by certain forces that are mainly internal, personal attributes and traits
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46. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______
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47. Which type of innovation is the reconfiguration of an established system to link together components and parts in a new way
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48. There are given situations where an Entrepreneur is not able to establish his or her own business and as such has to work in an
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49. The conceptual cornerstone in the theory of entrepreneurship lies on __________
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50. Risk Taking theory contends about one‘s willingness to accept ____.
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