ENT204

1. Entrepreneurship is a ________________ activity

2. __________ theory states that changes in attitudes lead to changes in behaviour.

3. Which one of the following is a factor that influences Entrepreneurship.

4. The word entrepreneurship derived from _________ century.

5.  The ________ cycle provides opportunities for continuous evaluation and improvement.

6. Appropriate commercial sales policies often do not have adverse effects that could lead to debt build up and subsequent liquidity problems. True or False

7.  Sociological approach does not try to explain the social conditions from which entrepreneur emerge and the social factors that influence their decision to become entrepreneurs.

8.  Which one of the following is NOT a mechanism for change according to Lewin's model.

9. Effectiveness is the ability to excel at one or more output goals.

10. Which one of the following is a cause of corporate failure.

11. Many successful entrepreneurs succeeded only after they had failed several times.

12. ____________“ascribes the inculcation of’ the achievement motive to child rearing practices which stress standard of excellence, maternal warmth, self-reliance training and a low father dominance”. .

13. Members of the work-team diagnose how they work-together and plan changes that will affect their effectiveness.

14. The _____________ characteristics include extra-version, conscientiousness, agreeableness, openness, and neuroticism.

15. To the general public, change is often frightening and is something to be avoided, ___________________, however, see change as normal and necessary.

16. One of the reasons entrepreneurs are successful is that they have imagination and can envision ________________scenarios.

17. A person who believes that fate, the economy, or other outside factors determine success has an ________________ locus of control and is not likely to succeed as an entrepreneur.

18. Adam Smith's book titled the "the wealth of nation" was written in _________ year.

19. Entrepreneurship involves the creation process-creating something new of value.

20. Which of the following is a characteristics of a successful Entrepreneur.

21.  Entrepreneurs do NOT face uncertain and irregular incomes.

22. Successful entrepreneurs are independent. They want to make their own _______________

23. If government places a ban on importation of a firm’s input, Production will be impossible, especially when the existing stock of inputs are exhausted. True or False

24. Christensen and Overdorf maintain that when an organization faces the same sort of problem that its processes and values were designed to address, managing can be straightforward.

25. Entrepreneurs often see things in a holistic sense; they can see the ___________when others see only the parts.

26. _________ role ensures that the work team will spend time discussion ideas around the problems being faced.

27. _________ prescribed fourteen measures to cure the crisis of quality.

28. The cooperative societies sell their products to outsiders only in debts. True of False

29. High production cost can result from over Employment of both human and resources.

30. Are cultural factors a determinant for success in business? Yes or No

31. According to__________ the approach to strategic change is characterized a process of artfully blending �??formal analysis, behavioural techniques and power politics to bring about cohesive step-by-step movement towards ends which were initially conceived.

32. Entrepreneurs are often_________________, and striving for excellence, or “perfection,” helps make the business successful.

33. Which of the following stages is involved in team building.

34. ________________argued that charismatic leader is constrained neither by tradition nor law and that his/her appeal is the very fact he/she undertakes to break the constraints imposed by established customs and roles in order to bring change.

35. They also may fail because the entrepreneur chooses the wrong business or does not have entrepreneurial ______

36. Which of the following according to Thurley (1979) described the five approaches to managing change.

37. Work team offers the potential and prospect for positive growth and development in the area of entrepreneurial development.

38. ________and Innovation are understood as the combination of the concept of entrepreneurship.

39. New venture creation is fraught with risk and financing of such ventures is referred to as risk capital.

40. Theories pounded by various scholars include: psychological, sociological and _________________

41.  Robson (1996) affirms that if government places a ban on importation of a firm�??s input, production will be impossible, especially when the existing stock of inputs are exhausted.

42. ________ addresses the output aspects of any decision.

43. Performance of the entrepreneur is contingent on _________ factors

44. When faced with a growing company, the entrepreneur often makes a conscious decision to limit company growth or even reduce the company size.

45.  Entrepreneurship is derived from the _______ term "entreprendre" which means to undertake, to pursue opportunities, to fulfill the needs and wants through innovation and starting businesses.

46. Entrepreneurs believe that their success or failure depends on their own actions; This quality is known as an__________________________ locus of control.

47. When _____________cost of a firm is on the high side, its products cannot compete favourably with other similar products in the market.

48. Entrepreneurs are NOT confident in their abilities and the business concept.

49. Michael Morris points out that the psychology and behavior of the entrepreneur may change as the _______________ evolves.

50. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and _______________for entrepreneurial success.