ENT101

Category: ENT101

ENT101

1 / 70

A. Market analysis section of the business plan covers the following except?

1. Customers

2. Potential competitors

3. Products and services

4. Current competitors

2 / 70

B. The study of value and resource allocation applied to a new venture is known as ______

1. Entrepreneurial traits

2. Entrepreneurial initiative

3. Entrepreneurial assumptions

4. Entrepreneurial finance

3 / 70

C. The world bank was established in which of the following years?

1. 1940

2. 1945

3. 1960

4. 1944

4 / 70

D. Productivity improvement is a reason for promoting entrepreneurship. True OR False ____

5 / 70

E. Which of the following is not true of entrepreneurs?

1. Intangible goals

2. Goal commitment

3. High goals

4. Realistic goals

6 / 70

F. Which of the following is a part of entrepreneurship?

1. Reasoning

2. Scanning

3. Initiative

4. Corporate venturing

7 / 70

G. The following is a function of entrepreneur except __________

1. Opportunity identification

2. Resource acquisitions

3. Business form selection

4. Productivity

8 / 70

H. Which of the following is the first section in the business plan?

1. Product and service

2. Executive summary

3. Market analysis

4. Company description

9 / 70

I. The study of population in terms of size and structural characteristics is known as __________

1. Demography

2. Democracy

3. Populagraphy

4. Technology

10 / 70

J. When an entrepreneur launches a business before opportunity identification, He/She is ____

1. Externally stimulated

2. A&B

3. Internally stimulated

4. None of the above

11 / 70

K. Which of the following is not a draw back of entrepreneurship?

1. Income uncertainity

2. Risk of investment loss

3. Tenacity of purpose

4. High levels of risk

12 / 70

L. Which of the following will have a high need for power?

1. Entrepreneur

2. Owner- manager

3. Intrapreneur

4. Manager

13 / 70

M. Which of the following have a short to medium time orientation?

1. Owner manager

2. Entrepreneur

3. Intrapreneur

4. Manager

14 / 70

N. Which of the following is erroneously linked to profit organizations?

1. Progress

2. Process

3. Management

4. Administration

15 / 70

O. Which of the following is not member of the internal environment?

1. Customers

2. Physical environment

3. Organizational resources

4. Organizational structure

16 / 70

P. Which of the following is not considered in evaluating business opportunities?

1. Decision on how to proceed

2. Desire to plunge in

3. Form of business decision

4. Decision on incentives

17 / 70

Q. The practice of comparing techniques and practices of an organization with those similar ones is known as ________

1. Benchmarking

2. SWOT analysis

3. Forecasting

4. Trend analysis

18 / 70

R. A time frame within which a firm can realistically enter a new market is known as _______

1. Durability

2. Probation

3. Attractiveness

4. Window of opportunity

19 / 70

S. Which of the following is not among the cultural differences among nations identified by Hofstede

1. Power distance

2. Relativism

3. Uncertainity avoidance

4. Individualism/collectivism

20 / 70

T. Which of the following is true of entrepreneurship?

1. It is a science

2. It is an art

3. It focuses on what can be

4. It is a transformation process

21 / 70

U. A civil ____ other than a breach of trust of contract is called tort.

22 / 70

V. The elements of sales promotion include the following except?

1. Exhibitions

2. Publicity

3. Displays

4. Demonstrations

23 / 70

W. Which of the following is not an important support for entrepreneurship?

1. Reward for creative effort

2. Information exchange

3. Explicit goals

4. Cost leadership

24 / 70

X. The net balance of credits and debits of a nation arising from its international over a period is known as ________

1. Balance of trade

2. All of the above

3. Balance of payments

4. Balance of receipts

25 / 70

Y. The need for information on entrepreneur performance is known as?

1. Problem solving

2. Desire for feedback

3. Goal setting

4. Initiative taking

26 / 70

Z. All of the following are part of culture except _________

1. Emotions

2. Customs

3. Artifacts

4. Norms

27 / 70

AA. The resources of an organization include the following except?

1. Man

2. Money

3. Machine

4. Motor

28 / 70

AB. Sub-culture implies cultural ____________

29 / 70

AC. A set forces and conditions within the organization boundaries that affect organization is known as _______

1. External environment

2. Remote environment

3. Internal environment

4. Business

30 / 70

AD. The 4Ps of marketing include the following except?

1. Product

2. Promotion

3. Place

4. Promise

31 / 70

AE. Which of the following is used in trying to predict changes in the environment

1. Forecasting

2. Trend analysis

3. SWOT analysis

4. Benchmarking

32 / 70

AF. The application of new ideas and method to business is known as?

1. Creativity

2. Change

3. Innovation

4. Specificity

33 / 70

AG. The Market questions focus on the following except _______

1. Consumer

2. Competitors

3. Users of a product

4. Buying habit

34 / 70

AH. The granting of license to a person to use a name to sell certain products is known as _______

1. Franchise

2. Joint effort

3. Sharing

4. Partnership

35 / 70

AI. Which of te following is a limitation of environmental analysis?

1. Distortion of information

2. Elimination of uncertainity

3. Inability to guide decision

4. Inability to predict the future

36 / 70

AJ. An economy in which government controls the production process is known as____ economy

37 / 70

AK. The capacity to work for long hours describes which of the following entrepreneurial traits?

1. Self confidence

2. Passion

3. Involvement

4. Drive and Energy

38 / 70

AL. Which of the following is the commonest source of business ideas?

1. Work experience

2. Human experience

3. Copying

4. Personal experience

39 / 70

AM. Which of the following is not a dimension of difference between entrepreneur and owner manager

1. Financial management

2. Motivation

3. Time orientation

4. Risk taking

40 / 70

AN. _______finance is the study of value and resource allocation applied to a new venture?

41 / 70

AO. Which of the following is not a source of personal resources in entrepreneurial financing?

1. Trade credits

2. Savings

3. Private placements

4. Business Angels

42 / 70

AP. Entrepreneurship is the process of establishing and _______ business

43 / 70

AQ. The assumption the entrepreneurial activity is spread over the youth age is known as youth and ____myth

44 / 70

AR. Which of the following is not a traditional function of management?

1. Planning

2. Command

3. Organizing

4. Reporting

45 / 70

AS. A civil wrong other than a breach of contract or trust is known as _________

1. Tort

2. Public law

3. Contract

4. Private law

46 / 70

AT. An economy where most key decisions on production are taken by state and its agencies is called _______

1. Central economy

2. Capital economy

3. Mixed economy

4. Planned economy

47 / 70

AU. Which of the following is not a member of the task environment?

1. None of above

2. Owners

3. Distributors

4. Suppliers

48 / 70

AV. The end product of a feasibility study is called feasibility____

49 / 70

AW. Environmental scanning aids the entrepreneur to do the following except?

1. Needs identification

2. Competitive intensity

3. Extent of demand

4. Sample identification

50 / 70

AX. An upward and persistence movement in the general price level over a period of time is known as ______

1. Stability

2. Instability

3. Inflation

4. Agency

51 / 70

AY. Which of the following serve to evaluate the viability of a business idea?

1. Risk profile

2. Financial capability

3. Business plan

4. Feasibility study

52 / 70

AZ. Which of the following is not applicable to the entrepreneur?

1. All of the above

2. Formal education

3. Limited formal education

4. Self-imposed standards

53 / 70

BA. When an entrepreneur recognizes a problem and creates a business he said to be Internally ___________

54 / 70

BB. Which of the following is not among the exchange relationship activities of an entrepreneur?

1. Opportunity perception

2. Customer relations

3. Competitive response

4. Product marketing

55 / 70

BC. Which of the following is erronously linked to non profit organizations?

1. Progress

2. Process

3. Administration

4. Management

56 / 70

BD. When an entrepreneur launches a business after opportunity identification, He/She is _____

1. Externally stimulated

2. A&B

3. Internally stimulated

4. None of the above

57 / 70

BE. Which of the following is non personal method of promotion

1. Sales promotion

2. Advertisement

3. Personal selling

4. Place

58 / 70

BF. The doctoring of an existing report for another client is known as ____ behaviour

59 / 70

BG. The first function of the manager is ____

60 / 70

BH. Which of the following sections of the business plan focuses on positioning strategy?

1. Marketing and sales plan

2. Strategic planning

3. Proprietory position

4. Products and service

61 / 70

BI. Which of tge following is not a source of primary data?

1. Annual report

2. Questionnaire

3. Interviews

4. Observation

62 / 70

BJ. All of the following except one are tools of environmental analysis

1. SWOT analysis

2. None of the above

3. Benchmarking

4. Trend analysis

63 / 70

BK. Entrepreneurial political administrative activities include the following except?

1. Customer relations

2. Human relations

3. Dealing with government

4. Competitive response

64 / 70

BL. The central role of management in organizations is __________

1. Unity of purpose

2. Working together

3. Goal attainment

4. Benefit achievement

65 / 70

BM. Which of the following is applicable to owner- manager?

1. Limited formal education

2. Formal education

3. Self-imposed standards

4. All of the above

66 / 70

BN. The benefits of entrepreneurship includes the following except _____

1. Making a difference

2. Tenacity of income

3. Profit reaping

4. Shaping own's destiny

67 / 70

BO. Which of the following is a source of secondary data?

1. Observation

2. Questionnaire

3. Interviews

4. Annual report

68 / 70

BP. The key objective of a feasibility analysis is to determine the ______ of the business

69 / 70

BQ. In a business plan , which section focuses on whether the entrepreneur will reply on patents or licenses

1. Market analysis

2. Propritory position

3. Product and services

4. Executive summary

70 / 70

BR. Which of the following is used in exploiting a business opportunity?

1. Risk profile

2. Business plan

3. Feasibility study

4. Financial capability

Rate this quiz