ENT204

1. High production cost can result from over Employment of both human and resources.

2. New _______creation is fraught with risk and financing of such ventures is referred to as risk Capital.

3. Taxation policy, Industrial policy, Sources of finance and raw materials, Infrastructure availability, Investment and marketing opportunities, are ________________incentives.

4. Many successful entrepreneurs succeeded only after they had __________ several times.

5. When faced with a difficult problem, the starting point for team discussion is _________

6. There is no consensus concerning the definition of entrepreneur but most include a willingness to take risks in the pursuit of an_________________.

7.  Which one of the following is NOT among the factors affecting team building.

8. When risk associated with investment decisions are not properly evaluated, the survival of a firm will be threatened.

9. 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.

10. When faced with a growing company, the entrepreneur often makes a conscious decision to limit company growth or even reduce the company size.

11.  Which of the following is a component of a transformational leader.

12. ____________“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”. .

13. The word entrepreneurship derived from _________ century.

14.  Sociological approach does not try to explain the social conditions from which entrepreneur emerge and the social factors that influence their decision to become entrepreneurs.

15. Many successful entrepreneurs succeeded only after they had failed several times.

16. __________ is an instrument of sustained and enduring success in business ventures.

17. Many companies that are started by ____________go out of business few years after their establishment. These companies often fail because of poor Planning.

18. The entrepreneur must have more than a casual________________ in the business because he or she must overcome many hurdles and obstacles.

19. _________ is a process of engendering higher levels of motivation and commitment among followers.

20. Work teams develop over time and go through _________ distinct stages of development.

21.  _________ viewed entrepreneurship as an �??established way of doing business are destroyed by the creation of new and better ways to do them.

22.  ________ 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.

23.  Which one of the following is NOT a mechanism for change according to Lewin's model.

24. _________ prescribed fourteen measures to cure the crisis of quality.

25. 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.

26.  _________ is in the middle of the model because it is a shared responsibility of every team member.

27. Entrepreneurs may develop a company to a mature phase and then hire a good team of managers to run the business on a daily basis.

28.  __________ has become an increasingly common practice, an opportunity for small firms.

29. __________ theory states that changes in attitudes lead to changes in behaviour.

30. One of the reasons entrepreneurs are successful is that they have imagination and can envision ________________scenarios.

31. The concept of entrepreneurship does NOT involve the consideration of a number of opportunities to enhance living standards and business profits.

32. Which one of the following is NOT among the 3 factors that affect organizational responses to different changes according to Christensen and Overdorf.

33. Performance of the entrepreneur is contingent on _________ factors

34.  _________ stage involves what is the cause of the problem.

35. _________ Quality triology emphasized the roles of quality planning, quality control and quality improvement.

36. Which of the following is a characteristics of a successful Entrepreneur.

37. Team work allows work organization to blend people with different kinds of knowledge together, without differences rupturing the fabric of the organization.

38. ________________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.

39. ________and Innovation are understood as the combination of the concept of entrepreneurship.

40. Entrepreneurs believe that their success or failure depends on their own actions; This quality is known as an__________________________ locus of control.

41. _________ 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.

42. Which one of the following is NOT a type of work-team in an organization.

43. Entrepreneurship and economic growth take place when the economic conditions are favourable.

44. Which of the following according to Thurley (1979) described the five approaches to managing change.

45. Sufficient capital is required to buy the needed fixed assets for a firm.

46. Because of the hurdles and obstacles that must be overcome, the entrepreneur must be consistently __________________

47. Entrepreneurs are _____ in their abilities and the business concept.

48. Entrepreneurs are seen as those with high need for achievement (N-arch), _____________risk takers as well as those with Internal locus of control.

49. _______ Factors such as the economy, the weather, and changes in consumer tastes often have a dramatic effect on a business.

50. 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.