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!
ENT204
1 / 50
1. Many companies that are started by ____________go out of business few years after their establishment. These companies often fail because of poor Planning.
2 / 50
2. Entrepreneurs are often_________________, and striving for excellence, or “perfection,” helps make the business successful.
3 / 50
3. Which one of the following is NOT among the 3 factors that affect organizational responses to different changes according to Christensen and Overdorf.
4 / 50
4. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and self-determination for entrepreneurial success.
5 / 50
5. Some entrepreneur do NOT adjust to the growing business and use their skills to build a company that is strong enough to let the founder be entrepreneurial again.
6 / 50
6. Autonomy is the idea for ______________and the freedom to make decisions.
7 / 50
7. __________ has become an increasingly common practice, an opportunity for small firms.
8 / 50
8. When risk associated with investment decisions are not properly evaluated, the survival of a firm will be threatened.
9 / 50
9. Which of the following stages is involved in team building.
10 / 50
10. Work teams can exist in isolation.
11 / 50
11. ________ is action oriented and ensures that the team will implement agreed solutions and assign accountabilities and responsibilities.
12 / 50
12. ________and Innovation are understood as the combination of the concept of entrepreneurship.
13 / 50
13. Are cultural factors a determinant for success in business? Yes or No
14 / 50
14. Entrepreneurs are _____ in their abilities and the business concept.
15 / 50
15. ________ addresses the output aspects of any decision.
16 / 50
16. Quality is an abstract construct used to measure services and products. True or False.
17 / 50
17. When faced with a growing company, the entrepreneur often makes a conscious decision to limit company growth or even reduce the company size.
18 / 50
18. The entrepreneur must have more than a casual________________ in the business because he or she must overcome many hurdles and obstacles.
19 / 50
19. The life of an entrepreneur is_____________. No one is sating schedules or step-by-step processes for the entrepreneur to follow.
20 / 50
20. ____________“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”. .
21 / 50
21. Entrepreneurship involves the creation process-creating something new of value.
22 / 50
22. ________ involves regularly reviewing mistakes in a non-recriminatory way and establishing guidelines to prevent them from reoccurring.
23 / 50
23. 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.
24 / 50
24. _________ prescribed fourteen measures to cure the crisis of quality.
25 / 50
25. Entrepreneurs often define the ___________early in the process and minimize them to the extent possible.
26 / 50
26. New _______creation is fraught with risk and financing of such ventures is referred to as risk Capital.
27 / 50
27. Appropriate commercial sales policies often do not have adverse effects that could lead to debt build up and subsequent liquidity problems. True or False
28 / 50
28. Most economists today agree that entrepreneurship is a necessary ingredient for stimulating economic growth and employment opportunities in all societies.
29 / 50
29. 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.
30 / 50
30. Which of the following is a characteristics of a successful Entrepreneur.
31 / 50
31. The ________ cycle provides opportunities for continuous evaluation and improvement.
32 / 50
32. Members of the work-team diagnose how they work-together and plan changes that will affect their effectiveness.
33 / 50
33. _________ viewed entrepreneurship as an �??established way of doing business are destroyed by the creation of new and better ways to do them.
34 / 50
34. _________has been defined as a person's belief in his or her capability to perform a task.
35 / 50
35. Thurley (1979) described the following _________approaches to managing change.
36 / 50
36. Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.
37 / 50
37. “Successful entrepreneurs don’t have failures. They have learning ______________”.
38 / 50
38. Entrepreneurs believe that their success or failure depends on their own actions; This quality is known as an__________________________ locus of control.
39 / 50
39. _______ Factors such as the economy, the weather, and changes in consumer tastes often have a dramatic effect on a business.
40 / 50
40. The entrepreneurial _________can also be discovered by keeping the Larger business and starting a second one.
41 / 50
41. New venture creation is fraught with risk and financing of such ventures is referred to as risk capital.
42 / 50
42. Entrepreneurship is a ________________ activity
43 / 50
43. When faced with a difficult problem, the starting point for team discussion is _________
44 / 50
44. __________________has been defined as a person’s belief in his or her capability to perform a task.
45 / 50
45. Which one of the following is NOT a disadvantage of Entrepreneurship.
46 / 50
46. Sufficient capital is required to buy the needed fixed assets for a firm.
47 / 50
47. Which of the following according to Thurley (1979) described the five approaches to managing change.
48 / 50
48. The cooperative societies sell their products to outsiders only in debts. True of False
49 / 50
49. Entrepreneurship and economic growth take place when the economic conditions are favourable.
50 / 50
50. Many successful entrepreneurs succeeded only after they had failed several times.
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