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. Autonomy is the idea for ______________and the freedom to make decisions.
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2. Taxation policy, Industrial policy, Sources of finance and raw materials, Infrastructure availability, Investment and marketing opportunities, are ________________incentives.
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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. ________and Innovation are understood as the combination of the concept of entrepreneurship.
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5. Performance of the entrepreneur is contingent on _________ factors
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6. __________________planning is an essential part of the concept of entrepreneurship and effective application helps to ensure successful operation.
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7. Most economists today agree that entrepreneurship is a necessary ingredient for stimulating economic growth and employment opportunities in all societies.
8 / 50
8. ________ addresses the output aspects of any decision.
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9. Will it be true to say that members of some ethno-cultural groups typically have a higher rate of business formation and ownership than do others? Yes or No.
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10. Michael Morris points out that the psychology and behavior of the entrepreneur may change as the _______________ evolves.
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11. 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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12. Which of the following is Characteristics of a Well Functioning Work Team.
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13. 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.
14 / 50
14. The ________ cycle provides opportunities for continuous evaluation and improvement.
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15. Work teams can exist in isolation.
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16. _________ is in the middle of the model because it is a shared responsibility of every team member.
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17. Team work allows work organization to blend people with different kinds of knowledge together, without differences rupturing the fabric of the organization.
18 / 50
18. Which of the following stages is involved in team building.
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19. ________ 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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20. When thinking about starting a business. You can make a list of the things you like and dislike about similar_________________ or Products.
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21. The concept of entrepreneurship involves the consideration of a number of opportunities to enhance ________________and business profits.
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22. _________ viewed entrepreneurship as an �??established way of doing business are destroyed by the creation of new and better ways to do them.
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23. Entrepreneurs often decide to start their own businesses in order to avoid having a boss. True of False
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24. Entrepreneurs believe that their success or failure depends on their own actions; This quality is known as an__________________________ locus of control.
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25. Which of the following according to Thurley (1979) described the five approaches to managing change.
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26. The entrepreneurial _________can also be discovered by keeping the Larger business and starting a second one.
27 / 50
27. Many successful entrepreneurs succeeded only after they had __________ several times.
28 / 50
28. _________ Quality triology emphasized the roles of quality planning, quality control and quality improvement.
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29. Are cultural factors a determinant for success in business? Yes or No
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30. _________ patterns are determined by reinforcing and aversive stimuli present in the societal context, such rewards and punishments not being limited to the child-rearing period entrepreneurial behaviour.
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31. One of the reasons entrepreneurs are successful is that they have imagination and can envision ________________scenarios.
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32. Work team offers the potential and prospect for positive growth and development in the area of entrepreneurial development.
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33. ________ is action oriented and ensures that the team will implement agreed solutions and assign accountabilities and responsibilities.
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34. 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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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. Quality is an abstract construct used to measure services and products. True or False.
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38. Adam Smith's book titled the "the wealth of nation" was written in _________ year.
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39. Entrepreneurship is a ________________ activity
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40. Where government policy contradicts the interest of a firm, the firm can NOT be adversely affected.
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41. __________ theory states that changes in attitudes lead to changes in behaviour.
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42. __________ has become an increasingly common practice, an opportunity for small firms.
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43. ________ 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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44. ____________“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”. .
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45. When _____________cost of a firm is on the high side, its products cannot compete favourably with other similar products in the market.
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46. Which one of the following is NOT a disadvantage of Entrepreneurship.
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47. High production cost can result from over Employment of both human and resources.
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48. 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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49. Entrepreneurs are seen as those with high need for achievement (N-arch), _____________risk takers as well as those with Internal locus of control.
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50. 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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