ENT204

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

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

3. ________ this is an evaluative phase.

4. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and self-determination for entrepreneurial success.

5. ________________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.

6. New venture creation is fraught with risk and financing of such ventures is referred to as risk capital.

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

8. Entrepreneurs are often_________________, and striving for excellence, or “perfection,” helps make the business successful.

9. To the general public, change is often frightening and is something to be avoided, ___________________, however, see change as normal and necessary.

10. Entrepreneurs often define the ___________early in the process and minimize them to the extent possible.

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

12. The cooperative societies sell their products to outsiders only in debts. True of False

13. ________ involves regularly reviewing mistakes in a non-recriminatory way and establishing guidelines to prevent them from reoccurring.

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

15. Successful entrepreneurs are independent. They want to make their own _______________

16. 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.

17. Autonomy is the idea for ______________and the freedom to make decisions.

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

19. __________________has been defined as a person’s belief in his or her capability to perform a task.

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

21. Entrepreneurs often see things in a holistic sense; they can see the ___________when others see only the parts.

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

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

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

25. _________ role ensures that the work team will spend time discussion ideas around the problems being faced.

26. Which of the following is Characteristics of a Well Functioning Work Team.

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

28. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and _______________for entrepreneurial success.

29. They also may fail because the entrepreneur chooses the wrong business or does not have entrepreneurial ______

30. __________________planning is an essential part of the concept of entrepreneurship and effective application helps to ensure successful operation.

31.  _________ sessions focus on which ideas are likely to work and how can they be tested for verification.

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

33. The accurate description of Weber's paradigm might be the development ethics and the spirit protestant ethic.

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

35. Are cultural factors a determinant for success in business? Yes or No

36. When a company engages in over expansion, short term ____________will be immobilized thereby leading to Corporate failure.

37. Especially in the early years of a business, the entrepreneur often works extremely long hours, possibly six or seven days each week.

38. ________ 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.

39. 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.

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

41. When thinking about starting a business. You can make a list of the things you like and dislike about similar_________________ or Products.

42. The concept of an entrepreneur is further refined when principles and terms from a business, managerial, and personal perspective are considered.

43. Theories pounded by various scholars include: psychological, sociological and _________________

44. ________ is when quality is defined in terms of cost and prices as well as number of other attributes.

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

46. Quality is an abstract construct used to measure services and products. True or False.

47. Which one of the following is a cause of corporate failure.

48. Work team offers the potential and prospect for positive growth and development in the area of entrepreneurial development.

49.  ________ 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.

50. Transformational leadership is comprised of ________ basic components.