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!
GST204
1 / 50
1. The position that individualism is related directly to innovation and entrepreneurship is not __________________
2 / 50
2. what helps in generating a large number of product ideas is __________
3 / 50
3. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
4 / 50
4. An entrepreneur is a dynamic person who takes calculated _____
5 / 50
5. ________ conceives the entrepreneur as the innovator who implements change within markets through the carrying out of new combinations such as introduction of new techniques of production, reorganization of an industry and innovation.
6 / 50
6. Passion and Motivation, Not Afraid to Take Risks, Self-belief, Hard Work and Disciplined Dedication, Adaptable and Flexible, Product and Market Knowledge, Strong Money Management, Effective Planning (Not Over-Planning) Skills, The Right Connections are the main characteristics of an ___________
7 / 50
7. Entrepreneurs within an organization is referred to as _______
8 / 50
8. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
9 / 50
9. A business owned, financed and managed by an individual is identified as _______
10 / 50
10. The psychologist view sees an entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and ________
11 / 50
11. The value created by taking a resource or set of inputs, providing additional inputs or processes that increase the value of those inputs, and thereby generate a product or service that has greater market value at the next level of the value chain is referred to as _________
12 / 50
12. The business environment is made up of the internal and the external environment and the main macro-environmental forces/factors found in the external environment and micro-environmental forces/factors/ in the internal environment of the _______
13 / 50
An entrepreneur must have good human _____________
14 / 50
14. It is the responsibility of ________ to assess the external environment of the business by critically looking at the opportunities and threats emanating from changes in the major external environmental factors
15 / 50
15. Individuals with an internal locus of control believe that they are able to life events
16 / 50
16. Entrepreneurship is an activity embarked upon for a specific _____
17 / 50
17. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________
18 / 50
18. The psychologist sees an Entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and _______
19 / 50
19. An entrepreneur must have the competence and proficiency in the knowledge of the _________
20 / 50
20. Risk Taking theory contends about one‘s willingness to accept ____.
21 / 50
21. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture
22 / 50
22. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______
23 / 50
23. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
24 / 50
24. ______ are individuals who identify public problems and apply business acumen to resolve them.
25 / 50
25. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
26 / 50
26. (ILO) mean ______________
27 / 50
27. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
28 / 50
28. There are given situations where an Entrepreneur is not able to establish his or her own business and as such has to work in an
29 / 50
29. One of the followings is the Major Environmental Factors
30 / 50
30. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______
31 / 50
31. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______
32 / 50
32. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
33 / 50
33. Brainstorming. It helps in generating a large number of product _______
34 / 50
34. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
35 / 50
35. Successful entrepreneurs are good at turning ideas into ____
36 / 50
36. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual
37 / 50
37. The term Entrepreneur seems to have been introduced into Economics by ______
38 / 50
38. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________
39 / 50
39. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
40 / 50
40. _________trait is defined as stable qualities that a person shows in most situations
41 / 50
41. _______is a great source of information, ideas and often opportunity.
42 / 50
42. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
43 / 50
43. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______
44 / 50
44. The ___________ theory of entrepreneurship considers the relationship between economic conditions and incentives to arrive at a risk-reward equation that informs a determination on whether or not to pursue a potential venture
45 / 50
45. Scanning the environment is better and safer method of assessing than jumping Into the_______
46 / 50
46. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process
47 / 50
47. Entrepreneurs come up with great ideas that lead to creativity and ___________
48 / 50
48. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
49 / 50
49. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
50 / 50
50. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business
Restart quiz
Rate this quiz
