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. It is common for entrepreneurs to learn an _____________ while working for someone else.
2 / 50
2. Many companies that are started by ____________go out of business few years after their establishment. These companies often fail because of poor Planning.
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3. Work teams develop over time and go through _________ distinct stages of development.
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4. _________has been defined as a person's belief in his or her capability to perform a task.
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5. _________ viewed entrepreneurship as an �??established way of doing business are destroyed by the creation of new and better ways to do them.
6 / 50
6. Members of the work-team diagnose how they work-together and plan changes that will affect their effectiveness.
7 / 50
7. Work team offers the potential and prospect for positive growth and development in the area of entrepreneurial development.
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8. ________ 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.
9 / 50
9. “Successful entrepreneurs don’t have failures. They have learning ______________”.
10 / 50
10. 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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11. The ________ cycle provides opportunities for continuous evaluation and improvement.
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12. __________ has become an increasingly common practice, an opportunity for small firms.
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13. Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.
14 / 50
14. _________ 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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15. 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
16 / 50
16. Which one of the following is a cause of corporate failure.
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17. Which one of the following is NOT an advantage of Entrepreneurship.
18 / 50
18. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and self-determination for entrepreneurial success.
19 / 50
19. Thurley (1979) described the following _________approaches to managing change.
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20. Team learning is NOT fundamental to the performance of a team
21 / 50
21. 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.
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22. Many successful entrepreneurs succeeded only after they had __________ several times.
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23. Entrepreneurs act on their _____________because they have a high need for achievement, shown in many studies to be higher than that of the general population.
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24. Which one of the following is NOT among the factors affecting team building.
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25. Which of the following is Characteristics of a Well Functioning Work Team.
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26. ________ is action oriented and ensures that the team will implement agreed solutions and assign accountabilities and responsibilities.
27 / 50
27. 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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28. Entrepreneurship is derived from the _______ term "entreprendre" which means to undertake, to pursue opportunities, to fulfill the needs and wants through innovation and starting businesses.
29 / 50
29. The accurate description of Weber's paradigm might be the development ethics and the spirit protestant ethic.
30 / 50
30. ________ involves regularly reviewing mistakes in a non-recriminatory way and establishing guidelines to prevent them from reoccurring.
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31. 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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32. Effectiveness is the ability to excel at one or more output goals.
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33. 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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34. Especially in the early years of a business, the entrepreneur often works extremely long hours, possibly six or seven days each week.
35 / 50
35. Performance of the entrepreneur is contingent on _________ factors
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36. When risk associated with investment decisions are not properly evaluated, the survival of a firm will be threatened.
37 / 50
37. _________ role ensures that the work team will spend time discussion ideas around the problems being faced.
38 / 50
38. High production cost can result from over Employment of both human and resources.
39 / 50
39. Which of the following according to Thurley (1979) described the five approaches to managing change.
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40. ________ 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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41. New venture creation is fraught with risk and financing of such ventures is referred to as risk capital.
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42. Christensen and Overdorf maintain that when an organization faces the same sort of problem that its processes and values were designed to address, managing can be straightforward.
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43. Which of the following is a component of a transformational leader.
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44. 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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45. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and _______________for entrepreneurial success.
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46. Many successful entrepreneurs succeeded only after they had failed several times.
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47. Entrepreneurs often decide to start their own businesses in order to avoid having a boss. True of False
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48. When faced with a difficult problem, the starting point for team discussion is _________
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49. Transformational leadership is comprised of ________ basic components.
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50. 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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