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. 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 _________
2 / 50
2. 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 ___________
3 / 50
3. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________
4 / 50
4. The position that individualism is related directly to innovation and entrepreneurship is not __________________
5 / 50
5. Entrepreneurship is an activity embarked upon for a specific _____
6 / 50
6. The functionality of an entrepreneur is based on some established _______
7 / 50
7. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
8 / 50
8. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______
9 / 50
9. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual
10 / 50
10. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
11 / 50
11. 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 _________
12 / 50
12. Business idea arises from an opportunity in the _________
13 / 50
13. It is the responsibility of ________ to assess the external environment of the business by critically looking at the opportunities and threats emanating from changes in the major external environmental factors
14 / 50
14. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
15 / 50
15. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture
16 / 50
16. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
17 / 50
17. Individuals with an internal locus of control believe that they are able to life events
18 / 50
18. 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
19 / 50
19. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
20 / 50
20. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process
21 / 50
21. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
22 / 50
22. A technological process is a means to make and improve products and ________
23 / 50
23. Scanning the environment is better and safer method of assessing than jumping Into the_______
24 / 50
24. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
25 / 50
25. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
26 / 50
26. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
27 / 50
27. _______is a great source of information, ideas and often opportunity.
28 / 50
28. The term Entrepreneur seems to have been introduced into Economics by ______
29 / 50
29. Span style approach will prevent you spreading your marketing budget and time too thinly is known as __________
30 / 50
30. Which phase is the starting point for new ideas?
31 / 50
31. ______ are individuals who identify public problems and apply business acumen to resolve them.
32 / 50
32. Brainstorming. It helps in generating a large number of product _______
33 / 50
33. An entrepreneur must have the competence and proficiency in the knowledge of the _________
34 / 50
34. _________ is the process of having a good idea of the resources that will be required to turn your idea into an opportunity.
35 / 50
35. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________
36 / 50
36. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
37 / 50
37. The conceptual cornerstone in the theory of entrepreneurship lies on __________
38 / 50
38. ________ 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.
39 / 50
39. One of the followings is the Major Environmental Factors
40 / 50
40. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________
41 / 50
41. what helps in generating a large number of product ideas is __________
42 / 50
42. 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 _______
43 / 50
43. A business owned, financed and managed by an individual is identified as _______
44 / 50
44. 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 _________
45 / 50
45. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
46 / 50
An entrepreneur must have good human _____________
47 / 50
47. _________trait is defined as stable qualities that a person shows in most situations
48 / 50
48. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______
49 / 50
49. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business
50 / 50
50. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
Restart quiz
Rate this quiz