Category: ENT204



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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.

2 / 70

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.

3 / 70

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

4 / 70

D. Which of the following is an economic incentives.

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

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

7 / 70

G.  _________ 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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H. Performance of the entrepreneur is contingent on _________ factors

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

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

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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.

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

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

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N. Transformational leadership is comprised of ________ basic components.

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

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

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

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

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

20 / 70

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

21 / 70

U. ________ this is an evaluative phase.

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

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

24 / 70

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

25 / 70

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

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

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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.

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

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

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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.

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AF. Entrepreneurship is a ________________ activity

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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.

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

35 / 70

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

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

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

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

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AM. The word entrepreneurship derived from _________ century.

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AN. 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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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.

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AP. Work teams can exist in isolation.

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

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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.

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

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

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AU.  Entrepreneurs do NOT face uncertain and irregular incomes.

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

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

50 / 70

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

51 / 70

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

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

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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.

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

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

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

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BE. ________ addresses the output aspects of any decision.

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

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

60 / 70

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

61 / 70

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

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

63 / 70

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

64 / 70

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

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

66 / 70

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

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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.

68 / 70

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

69 / 70

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

70 / 70

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

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