ENT203

Category: ENT203

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!

ENT203

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1. Which one of the following is an important source of idea generation due to their familiarity with the needs of market?

A. Consumers

B. Existing products and services

C. Federal government

D. Distribution channels

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2. Gazelles are the firms with _________

A. Low growth rate

B. High growth rate

C. Moderate growth rate

D. Zero% growth rate

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3. The activity which occurs when the new venture is started are called _______

A. Departure point

B. Goal orientation

C. Business skills

D. Motivation Business skills Departure point Goal orientation

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4. Licensing is a significant marketing strategy to _________

A. Use intellectual property of others

B. Control the costs

C. Grow the business in new markets

D. Pirate others' patents

5 / 50

Infropreneurs who earn commissions from selling information that is not their own as called____ traffickers

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6. Which of the following plan describes market conditions and strategy related to ________

A. Production plan

B. Operational plan

C. Financial plan

D. Marketing plan

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7. Which of the following typical culture has a climate and reward system that favors conservative decision making?

A. Corporate

B. None of the given options

C. Intrapreneurial

D. Entrepreneurial

8 / 50

__________is a social network

9 / 50

____ school sees entrepreneur as the most important factor of production

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10.

Entrepreneurs that collect and sell electronic information are called____________

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11. Which one of the following is NOT TRUE about male entrepreneurs?

A. Men usually list outside advisors as the least important supporters

B. Males often have more experience in manufacturing, finance, or technical areas

C. Males often have investors, bank loans, or personal loans in addition to personal Funds

D. Men are often more confident and less flexible and tolerant

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12. ___________ is required if a company wants to be more flexible in adopting changes.

A. Technology

B. More productivity

C. Management commitment

D. Contact with customers

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13. Which of the following ratio will be helpful for assessing the firm's capital structure?

A. Current ratio

B. Debt to equity ratio

C. Acid test ratio

D. Profitability ratio

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14. A set of reasons for engaging in a particular behavior, especially human behavior is known as _____________.

A. Entrepreneurship

B. Values

C. Vision

D. Motivation

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15. Professional support network includes following EXCEPT

A. Friends

B. Personal affiliations .

C. Mentor

D. Trade associations

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16. __________ believes that the sole function of entrepreneur is innovation

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17. ________ is the first stage in the intrapreneurial development in organizations

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18. The assessment of the needed resources by the entrepreneur starts with.

A. A scanning of friends and family for funds

B. A survey of banks and other finance

C. An appraisal of the entrepreneur's present resources

D. An assessment of economic conditions of the country

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19. ________ is commonly used to measure the short-term solvency of the venture? Select correct option.

A. Debt to equity ratio

B. Profitability ratio

C. Activity ratio

D. Current ratio

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20. Which one of the following is the primary cause of failure in small businesses?

A. Management mistakes

B. Improper inventory control

C. Poor financial control

D. Poor location

21 / 50

21. Which of the following techniques is an excellent method for initially screening ideas and concepts in addition to generating new ideas?

A. Problem inventory analysis

B. Focus group

C. Reverse brainstorming

D. Brain storming

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22. The development of a new venture based on an inventor's work often requires ________.

A. Heavy investment from financers

B. Skilled human resources

C. Highly educated staff

D. Expertise of an entrepreneur

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23. An individual's need to be recognized is called ________

A. Need for independence

B. Need of fame

C. Need for affiliation

D. Need for achievement

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24.

________ developed the three factor theory of motivation

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25. When the multiplicity of environments become too complex to handle, the international entrepreneurs often __________.

A. Diversify

B. Decentralize operations

C. Sale out the foreign business

D. Go for mergers Sale out the foreign business

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26.

A group of shares are called___________

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27. The chief motivational factor for __________ entrepreneurs to leave jobs is the frustration of not being allowed to perform at the level of which they are capable.

A. All of the given options

B. Male

C. Female

D. Young

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28. Which of the following system is necessary for expansion or elimination of intrapreneurial venture?

A. Reward

B. Evaluation

C. Training

D. Management

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29.

The definition of the entrepreneur as the individual who recognizes opportunities where others sees chaos and confusion was by Kurato and ____

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30. All of the following are essentials to maintain secrecy, EXCEPT.

A. Provide escorts for all office visitors

B. Use simple security such as locked file cabinets

C. Discuss business in public places

D. Train employees to refer sensitive questions to one person

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31. Female entrepreneurs differ from male entrepreneurs in terms of all of the following EXCEPT

A. Motivation

B. Business skills

C. Goal orientation

D. Departure point

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32. Following are the types of non equity arrangements EXCEPT

A. Turnkey projects

B. Direct export

C. Licensing

D. Management contracts

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33. The situation analysis is ________

A. A review of where the company has been and considers environmental factors

B. Considering Strengths and Weaknesses

C. Defining Target Market/Opportunities and Threats.

D. None of the options given

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34. _________ is a party that makes an investment into one or more categories of assets, equity, debt securities, real estate, currency, commodity, derivatives such as put and call options with the objective of making a profit.

A. Bootstrap financing

B. Investor

C. Outsourcing

D. Private sector

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35.

NERFUND was establish in the year ____________

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36. Which of the following areas are preferred by women entrepreneurs?

A. Manufacturing

B. Utilities

C. Administration Utilities

D. None of the above

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37. Which of the following perspectives should be considered while preparing business plan?

A. It helps determine the viability of the venture in a designated market.

B. It serves as an important tool in obtaining financing.

C. All of the above

D. It gives guidance in organizing planning activities

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38. All of the following are the broad categories of External forces EXCEPT

A. Economic forces

B. Socioeconomic forces

C. Technological forces

D. Competitive forces

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39. Before developing the pro forma income statement, the entrepreneur should _________

A. None of the options given

B. Capital budgets

C. Prepare operating budgets

D. Both of the options given (a, b)

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40. Trade barriers cause ____________

A. None of the given options

B. Increase in cost

C. Decrease in cost

D. Increase in profit

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41.

 The _______ is an entrepreneur whose business involve high technology

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42. The resistance of employees in an organization against flexibility, growth, and diversification can be overcome by developing:

A. Intrapreneurship

B. Administrative domain

C. Entrepreneurship

D. Managerial domain

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43. An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information?

A. Supplier

B. Government bureau

C. Competition

D. Retailer

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44. Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process?

A. Product Planning Stage

B. Product Development Stage

C. Product Planning Stage

D. Idea Stage

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45. Which of the following factor does not affect a person for being an entrepreneur?

A. Personal values

B. Gender

C. Education

D. Family background

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46.

Technology is a part of ____ capital

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47. An enterprise is an activity or a project that produces services or _______

A. production

B. Business

C. none of the above.

D. product

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48.

Inside entrepreneurs that follow the goals of their organizations are known as________

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49. An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information?

A. Supplier

B. Competition

C. Retailer

D. Government bureau

50 / 50

50.

Recouping is an activity function of venture capitalist True OR False

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