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
An entrepreneur must have good human _____________
2 / 50
2. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
3 / 50
3. The term Entrepreneur seems to have been introduced into Economics by ______
4 / 50
4. A business owned, financed and managed by an individual is identified as _______
5 / 50
5. Individuals with an internal locus of control believe that they are able to life events
6 / 50
6. _________trait is defined as stable qualities that a person shows in most situations
7 / 50
7. One of the followings is the Major Environmental Factors
8 / 50
8. The position that individualism is related directly to innovation and entrepreneurship is not __________________
9 / 50
9. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______
10 / 50
10. what helps in generating a large number of product ideas is __________
11 / 50
11. Brainstorming. It helps in generating a large number of product _______
12 / 50
12. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
13 / 50
13. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
14 / 50
14. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual
15 / 50
15. ______ are individuals who identify public problems and apply business acumen to resolve them.
16 / 50
16. Entrepreneurship is an activity embarked upon for a specific _____
17 / 50
17. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______
18 / 50
18. The functionality of an entrepreneur is based on some established _______
19 / 50
19. Scanning the environment is better and safer method of assessing than jumping Into the_______
20 / 50
20. 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 ___________
21 / 50
21. Individual with an external locus of control believe that life's _______ are the result of external factors, such as chance, luck or fate.
22 / 50
22. 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 _________
23 / 50
23. ________ 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.
24 / 50
24. A technological process is a means to make and improve products and ________
25 / 50
25. (ILO) mean ______________
26 / 50
26. Business idea arises from an opportunity in the _________
27 / 50
27. The psychologist view sees an entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and ________
28 / 50
28. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________
29 / 50
29. _________ is the process of having a good idea of the resources that will be required to turn your idea into an opportunity.
30 / 50
30. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business
31 / 50
31. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process
32 / 50
32. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______
33 / 50
33. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
34 / 50
34. Risk Taking theory contends about one‘s willingness to accept ____.
35 / 50
35. The conceptual cornerstone in the theory of entrepreneurship lies on __________
36 / 50
36. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________
37 / 50
37. 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 _______
38 / 50
38. Span style approach will prevent you spreading your marketing budget and time too thinly is known as __________
39 / 50
39. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
40 / 50
40. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
41 / 50
41. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
42 / 50
42. 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
43 / 50
43. Entrepreneurs come up with great ideas that lead to creativity and ___________
44 / 50
44. An entrepreneur is a dynamic person who takes calculated _____
45 / 50
45. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
46 / 50
46. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
47 / 50
47. _________ as an entrepreneur is someone who is being driven by certain forces that are mainly internal, personal attributes and traits
48 / 50
48. 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 _________
49 / 50
49. Successful entrepreneurs are good at turning ideas into ____
50 / 50
50. An entrepreneur must have the competence and proficiency in the knowledge of the _________
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