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
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1. Entrepreneurship involves the creation process-creating something new of value.
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2. __________________has been defined as a person’s belief in his or her capability to perform a task.
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3. Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.
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4. _______ Factors such as the economy, the weather, and changes in consumer tastes often have a dramatic effect on a business.
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5. Appropriate commercial sales policies often do not have adverse effects that could lead to debt build up and subsequent liquidity problems. True or False
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6. _________ Quality triology emphasized the roles of quality planning, quality control and quality improvement.
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7. Which one of the following is NOT among the factors affecting team building.
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8. Work team offers the potential and prospect for positive growth and development in the area of entrepreneurial development.
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9. Theories pounded by various scholars include: psychological, sociological and _________________
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10. An entrepreneur must NOT have more than a casual interest in the business because he or she must overcome many hurdles and obstacles.
11 / 50
11. ________ is the process of meeting organizational objectives, prevailing societal expectations in the near future, adapting and developing in the intermediate future, and surviving in the distant future.
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12. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and self-determination for entrepreneurial success.
13 / 50
13. Performance of the entrepreneur is contingent on _________ factors
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14. Poor investment decisions, dividend policy and other financing decisions affects the ______________of firm.
15 / 50
15. ________ is when quality is defined in terms of cost and prices as well as number of other attributes.
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16. Thurley (1979) described the following _________approaches to managing change.
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17. _________ is a process of engendering higher levels of motivation and commitment among followers.
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18. According to__________ the approach to strategic change is characterized a process of artfully blending �??formal analysis, behavioural techniques and power politics to bring about cohesive step-by-step movement towards ends which were initially conceived.
19 / 50
19. _________ stage involves what is the cause of the problem.
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20. Work teams can exist in isolation.
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21. When a company engages in over expansion, short term ____________will be immobilized thereby leading to Corporate failure.
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22. __________ has become an increasingly common practice, an opportunity for small firms.
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23. 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.
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24. New venture creation is fraught with risk and financing of such ventures is referred to as risk capital.
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25. Autonomy is the idea for ______________and the freedom to make decisions.
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26. The cooperative societies sell their products to outsiders only in debts. True of False
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27. The word entrepreneurship derived from _________ century.
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28. High production cost can result from over Employment of both human and resources.
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29. _________ is in the middle of the model because it is a shared responsibility of every team member.
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30. If government places a ban on importation of a firm’s input, Production will be impossible, especially when the existing stock of inputs are exhausted. True or False
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31. Work teams develop over time and go through _________ distinct stages of development.
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32. Team learning is NOT fundamental to the performance of a team
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33. Some entrepreneurs adjust to the growing business and use their skills to build a company that is strong enough to let the founder be entrepreneurial again.
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34. ________ is the process of helping the work team become more effective in accomplishing its tasks/roles and in satisfying the needs of the team members.
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35. Which one of the following is NOT a type of work-team in an organization.
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36. There is no consensus concerning the definition of entrepreneur but most include a willingness to take risks in the pursuit of an_________________.
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37. Which one of the following is a cause of corporate failure.
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38. ________and Innovation are understood as the combination of the concept of entrepreneurship.
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39. Weber identified the positive change that took place in public attitudes towards entrepreneurship after the reformation in the western world and proposed that Protestantism had helped bring about this change.
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40. Successful entrepreneurs are independent. They want to make their own _______________
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41. Robson (1996) affirms that if government places a ban on importation of a firm�??s input, production will be impossible, especially when the existing stock of inputs are exhausted.
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42. Which one of the following is NOT among the 3 factors that affect organizational responses to different changes according to Christensen and Overdorf.
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43. Entrepreneurship is a ________________ activity
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44. The process known as ________________________ the environment, allows the entrepreneur to see the entire business environment and the industry and helps to formulate the larger picture of the business activity
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45. The concept of an entrepreneur is further refined when principles and terms from a business, managerial, and personal perspective are considered.
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46. 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.
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47. Sufficient capital is required to buy the needed fixed assets for a firm.
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48. The ________ cycle provides opportunities for continuous evaluation and improvement.
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49. ________________argued that charismatic leader is constrained neither by tradition nor law and that his/her appeal is the very fact he/she undertakes to break the constraints imposed by established customs and roles in order to bring change.
50 / 50
50. Effectiveness is the ability to excel at one or more output goals.
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