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
1 / 50
1. Business idea arises from an opportunity in the _________
2 / 50
2. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
3 / 50
3. 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 _________
4 / 50
4. 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 _________
5 / 50
5. The position that individualism is related directly to innovation and entrepreneurship is not __________________
6 / 50
6. Entrepreneurs come up with great ideas that lead to creativity and ___________
7 / 50
7. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
8 / 50
8. The conceptual cornerstone in the theory of entrepreneurship lies on __________
9 / 50
9. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______
10 / 50
10. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______
11 / 50
11. Successful entrepreneurs are good at turning ideas into ____
12 / 50
12. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
13 / 50
13. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
14 / 50
14. An entrepreneur must have the competence and proficiency in the knowledge of the _________
15 / 50
15. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
16 / 50
16. The term Entrepreneur seems to have been introduced into Economics by ______
17 / 50
17. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
18 / 50
18. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________
19 / 50
19. The business environment is made up of the internal and the external environment and the main macro-environmental forces/factors found in the external environment and micro-environmental forces/factors/ in the internal environment of the _______
20 / 50
20. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture
21 / 50
21. _________trait is defined as stable qualities that a person shows in most situations
22 / 50
22. 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.
23 / 50
23. what helps in generating a large number of product ideas is __________
24 / 50
24. Illumination occurs when the idea surfaces as a realistic ________
25 / 50
25. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual
26 / 50
26. Brainstorming. It helps in generating a large number of product _______
27 / 50
27. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
28 / 50
28. The psychologist view sees an entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and ________
29 / 50
29. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
30 / 50
30. A business owned, financed and managed by an individual is identified as _______
31 / 50
31. Scanning the environment is better and safer method of assessing than jumping Into the_______
32 / 50
32. Passion and Motivation, Not Afraid to Take Risks, Self-belief, Hard Work and Disciplined Dedication, Adaptable and Flexible, Product and Market Knowledge, Strong Money Management, Effective Planning (Not Over-Planning) Skills, The Right Connections are the main characteristics of an ___________
33 / 50
33. Individual with an external locus of control believe that life's _______ are the result of external factors, such as chance, luck or fate.
34 / 50
An entrepreneur must have good human _____________
35 / 50
35. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______
36 / 50
36. 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
37 / 50
37. The functionality of an entrepreneur is based on some established _______
38 / 50
38. Entrepreneurship is an activity embarked upon for a specific _____
39 / 50
39. Entrepreneur was first accorded prominence by _________
40 / 50
40. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process
41 / 50
41. One of the followings is the Major Environmental Factors
42 / 50
42. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business
43 / 50
43. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
44 / 50
44. Which type of innovation is the reconfiguration of an established system to link together components and parts in a new way
45 / 50
45. Entrepreneurs within an organization is referred to as _______
46 / 50
46. _______is a great source of information, ideas and often opportunity.
47 / 50
47. Which phase is the starting point for new ideas?
48 / 50
48. A technological process is a means to make and improve products and ________
49 / 50
49. An entrepreneur is a dynamic person who takes calculated _____
50 / 50
50. 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 _________
Restart quiz
Rate this quiz
