ENT204

A. 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.

B. 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.

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

D. Which of the following is an economic incentives.

E. Which one of the following is a factor that influences Entrepreneurship.

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

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

H. Performance of the entrepreneur is contingent on _________ factors

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

J. Thurley (1979) described the following _________approaches to managing change.

K. 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.

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

M. Effectiveness is the ability to excel at one or more output goals.

N. Transformational leadership is comprised of ________ basic components.

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

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

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

R. An entrepreneur must NOT have more than a casual interest in the business because he or she must overcome many hurdles and obstacles.

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

T. Appropriate commercial sales policies often do not have adverse effects that could lead to debt build up and subsequent liquidity problems. True or False

U. ________ this is an evaluative phase.

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

W. The _____________ characteristics include extra-version, conscientiousness, agreeableness, openness, and neuroticism.

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

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

Z. Entrepreneurs are NOT confident in their abilities and the business concept.

AA. 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.

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

AC. Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.

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

AE. ________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.

AF. Entrepreneurship is a ________________ activity

AG. 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.

AH. When _____________cost of a firm is on the high side, its products cannot compete favourably with other similar products in the market.

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

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

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

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

AM. The word entrepreneurship derived from _________ century.

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

AO. ________ 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.

AP. Work teams can exist in isolation.

AQ. Adam Smith's book titled the "the wealth of nation" was written in _________ year.

AR. 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.

AS.  _________has been defined as a person's belief in his or her capability to perform a task.

AT. Most economists today agree that entrepreneurship is a necessary ingredient for stimulating economic growth and employment opportunities in all societies.

AU.  Entrepreneurs do NOT face uncertain and irregular incomes.

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

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

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

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

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

BA. 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.

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

BC. It is common for entrepreneurs to learn an _____________ while working for someone else.

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

BE. ________ addresses the output aspects of any decision.

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

BG.  Where government policy contradicts the interest of a firm, the firm can NOT be adversely affected.

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

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

BJ.  It is essentially a desirable adaptation in creating a sharper vision and engender better approaches to performance delivery in this changing business environment.

BK. ________ is action oriented and ensures that the team will implement agreed solutions and assign accountabilities and responsibilities.

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

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

BN. Members of the work-team diagnose how they work-together and plan changes that will affect their effectiveness.

BO. _________ 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.

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

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

BR.  The ________ cycle provides opportunities for continuous evaluation and improvement.