ENT101

Category: ENT101

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!

ENT101

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1. Entrepreneurs have a high ____ for achievement

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

A. Externally stimulated

B. A&B

C. None of the above

D. Internally stimulated

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3. Management is applicable in which of the following organizations?

A. Church

B. Business

C. Military

D. All of the above

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

A. Attractiveness

B. Window of opportunity

C. Probation

D. Durability

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5. Which of the following is not a quality of opportunity?

A. Attractiveness

B. Timeliness

C. Durability

D. Consideration

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6. The benefits of entrepreneurship includes the following except _____

A. Making a difference

B. Profit reaping

C. Shaping own's destiny

D. Tenacity of income

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7. The third function of the entrepreneur is the _________ of resources

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8. The following is a function of entrepreneur except __________

A. Opportunity identification

B. Business form selection

C. Resource acquisitions

D. Productivity

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

A. Sharing

B. Joint effort

C. Partnership

D. Franchise

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10. Oganizational systems is part of the____ business environment

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

A. Business plan

B. Risk profile

C. Financial capability

D. Feasibility study

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12. ____identified 14 activities carried out by entrepreneurs

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13. The entrepreneur should have a ________ tolerance for ambiguity

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14. The concept that management is required in all organization is called __________

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15. All of the following except one is a myth of entrepreneurs except _______

A. Money motivation

B. They are gamblers

C. None of the above

D. They are born and not made

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16. The conscious process of ____ organizational objectives is known as management?

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

A. Information exchange

B. Explicit goals

C. Cost leadership

D. Reward for creative effort

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18. Which of the following is not required by entrepreneurship?

A. Risk

B. Vision

C. Focus

D. Creation of the future

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

A. None of the above

B. Trend analysis

C. SWOT analysis

D. Benchmarking

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

A. External environment

B. Remote environment

C. Business

D. Internal environment

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

A. Product and service

B. Executive summary

C. Company description

D. Market analysis

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

A. Promotion

B. Product

C. Place

D. Promise

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

A. Administration

B. Progress

C. Management

D. Process

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24. The ____ summary is the first section of a feasibility report

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

A. Customers

B. Potential competitors

C. Current competitors

D. Products and services

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

A. Organizing

B. Planning

C. Command

D. Reporting

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

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28. The first function of the manager is ____

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29. Entrepreneurial political administrative activities include the following except?

A. Customer relations

B. Dealing with government

C. Competitive response

D. Human relations

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30. In choosing a business form, the entrepreneur should consider the following except?

A. None of the above

B. Risk appetite

C. Financial capability

D. Risk profile

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

A. Personal experience

B. Human experience

C. Work experience

D. Copying

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

A. None of above

B. Distributors

C. Owners

D. Suppliers

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33. Which of the following is not a type of environmental scanning

A. Continuous

B. Regular

C. Accidental

D. Irregular

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

A. Entrepreneurial traits

B. Entrepreneurial assumptions

C. Entrepreneurial finance

D. Entrepreneurial initiative

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

A. Organizational resources

B. Customers

C. Organizational structure

D. Physical environment

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

A. Business Angels

B. Savings

C. Private placements

D. Trade credits

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

A. Mixed economy

B. Planned economy

C. Central economy

D. Capital economy

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

A. Inability to guide decision

B. Distortion of information

C. Elimination of uncertainity

D. Inability to predict the future

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

A. All of the above

B. Balance of trade

C. Balance of payments

D. Balance of receipts

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

A. SWOT analysis

B. Trend analysis

C. Forecasting

D. Benchmarking

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

A. Progress

B. Management

C. Administration

D. Process

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

A. Products and service

B. Proprietory position

C. Marketing and sales plan

D. Strategic planning

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

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44. The process of establishing and growing a business is known as _______

A. Creativity

B. Entrepreneurship

C. Intrapreneurship

D. Innovation

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45. ________ publication is a source of primary data

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46. The central role of management in organizations is __________

A. Unity of purpose

B. Goal attainment

C. Benefit achievement

D. Working together

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

A. 1940

B. 1960

C. 1944

D. 1945

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48. The non personal form of promotion involving the transmission of message to a large audience is known as____?

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49. Opportunity perception is the____ in the entrepreneurial process

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

A. Competitive intensity

B. Sample identification

C. Needs identification

D. Extent of demand

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