ENT101

Category: ENT101

ENT101

1 / 70

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

1. Continuous

2. Regular

3. Irregular

4. Accidental

2 / 70

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

1. Realistic goals

2. High goals

3. Goal commitment

4. Intangible goals

3 / 70

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

1. Tort

2. Private law

3. Contract

4. Public law

4 / 70

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

1. They are born and not made

2. Money motivation

3. None of the above

4. They are gamblers

5 / 70

E. Oganizational systems is part of the____ business environment

6 / 70

F. A customer relation is a political administration activity of the entrepreneur. True OR False

7 / 70

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

8 / 70

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

1. Stability

2. Instability

3. Agency

4. Inflation

9 / 70

I. The first function of the manager is ____

10 / 70

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

1. Propritory position

2. Executive summary

3. Market analysis

4. Product and services

11 / 70

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

1. Products and services

2. Potential competitors

3. Customers

4. Current competitors

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L. The central role of management in organizations is __________

1. Goal attainment

2. Unity of purpose

3. Benefit achievement

4. Working together

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

1. Consideration

2. Durability

3. Timeliness

4. Attractiveness

14 / 70

N. The benefits of entrepreneurship includes the following except _____

1. Shaping own's destiny

2. Tenacity of income

3. Making a difference

4. Profit reaping

15 / 70

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

16 / 70

P. How many questions are asked in market survey

1. 6

2. 5

3. 4

4. 2

17 / 70

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

1. Inability to predict the future

2. Inability to guide decision

3. Elimination of uncertainity

4. Distortion of information

18 / 70

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

19 / 70

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

1. Self-imposed standards

2. Formal education

3. Limited formal education

4. All of the above

20 / 70

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

1. Innovation

2. Change

3. Specificity

4. Creativity

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

1. Planned economy

2. Mixed economy

3. Capital economy

4. Central economy

22 / 70

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

1. Company description

2. Market analysis

3. Executive summary

4. Product and service

23 / 70

W. ________ is a set of favourable circumstances which create a need for a product.

24 / 70

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

1. Internally stimulated

2. A&B

3. Externally stimulated

4. None of the above

25 / 70

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

1. Manager

2. Entrepreneur

3. Owner manager

4. Intrapreneur

26 / 70

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

1. Problem solving

2. Desire for feedback

3. Initiative taking

4. Goal setting

27 / 70

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

1. SWOT analysis

2. Forecasting

3. Trend analysis

4. Benchmarking

28 / 70

AB. Oganizational systems is part of the____ business environment

29 / 70

AC. The entrepreneur should take ____risks

30 / 70

AD. One of the following is not a challenge in writing feasibility report?

1. Unethical behaviours

2. Pressures from clients

3. Investigation of ideas

4. Paucity of data

31 / 70

AE. The entrepreneur should have a ________ tolerance for ambiguity

32 / 70

AF. Opportunity perception is the____ in the entrepreneurial process

33 / 70

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

1. Administration

2. Management

3. Progress

4. Process

34 / 70

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

1. Administration

2. Progress

3. Process

4. Management

35 / 70

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

36 / 70

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

1. Balance of receipts

2. Balance of trade

3. Balance of payments

4. All of the above

37 / 70

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

1. Machine

2. Motor

3. Money

4. Man

38 / 70

AL. Factors affecting the activities of an organization can be divided into two, namely

39 / 70

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

1. Trend analysis

2. Forecasting

3. SWOT analysis

4. Benchmarking

40 / 70

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

1. Time orientation

2. Risk taking

3. Financial management

4. Motivation

41 / 70

AO. Sub-culture implies cultural ____________

42 / 70

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

1. Self confidence

2. Involvement

3. Passion

4. Drive and Energy

43 / 70

AQ. Entrepreneur was derived from which of the following?

1. Chinese word

2. German word

3. English word

4. French word

44 / 70

AR. The law that governs the relationships between individuals in a society is known as ________

1. Tort law

2. Contract

3. Private law

4. Public law

45 / 70

AS. Which of the is not among the promotional mix?

1. Publicity

2. Distribution

3. Advertising

4. Personal selling

46 / 70

AT. SWOT is a tool of ____ analysis

47 / 70

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

1. Planning

2. Reporting

3. Command

4. Organizing

48 / 70

AV. The Market questions focus on the following except _______

1. Consumer

2. Competitors

3. Users of a product

4. Buying habit

49 / 70

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

1. Reward for creative effort

2. Cost leadership

3. Explicit goals

4. Information exchange

50 / 70

AX. The assumption the entrepreneur takes unquantifiable risks is known as____ myth

51 / 70

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

1. Financial capability

2. Risk appetite

3. None of the above

4. Risk profile

52 / 70

AZ. Which of the following is not a role of entrepreneurship?

1. Resource depletion

2. Employment generation

3. Technology adaptation

4. Productivty improvement

53 / 70

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

1. Product marketing

2. Competitive response

3. Customer relations

4. Opportunity perception

54 / 70

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

1. Entrepreneurial traits

2. Entrepreneurial initiative

3. Entrepreneurial finance

4. Entrepreneurial assumptions

55 / 70

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

1. Promise

2. Promotion

3. Product

4. Place

56 / 70

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

1. Democracy

2. Technology

3. Populagraphy

4. Demography

57 / 70

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

1. Savings

2. Trade credits

3. Business Angels

4. Private placements

58 / 70

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

1. Needs identification

2. Sample identification

3. Extent of demand

4. Competitive intensity

59 / 70

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

60 / 70

BH. Company description section of business plan contains the following except?

1. Executive summary

2. Organizational form

3. Location of business

4. The strategy

61 / 70

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

62 / 70

BJ. The following is a function of entrepreneur except __________

1. Opportunity identification

2. Productivity

3. Resource acquisitions

4. Business form selection

63 / 70

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

64 / 70

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

1. Innovation

2. Creativity

3. Intrapreneurship

4. Entrepreneurship

65 / 70

BM. ____identified 14 activities carried out by entrepreneurs

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

1. Human experience

2. Copying

3. Personal experience

4. Work experience

67 / 70

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

1. Self-imposed standards

2. Limited formal education

3. Formal education

4. All of the above

68 / 70

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

1. Risk profile

2. Financial capability

3. Feasibility study

4. Business plan

69 / 70

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

1. Attractiveness

2. Probation

3. Window of opportunity

4. Durability

70 / 70

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

1. Publicity

2. Displays

3. Demonstrations

4. Exhibitions

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