ENT204

1. Autonomy is the idea for ______________and the freedom to make decisions.

2. The concept of entrepreneurship does NOT involve the consideration of a number of opportunities to enhance living standards and business profits.

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

4. __________________has been defined as a person’s belief in his or her capability to perform a task.

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

6. ________ this is an evaluative phase.

7. Performance of the entrepreneur is contingent on _________ factors

8. There is no consensus concerning the definition of entrepreneur but most include a willingness to take risks in the pursuit of an_________________.

9. Which of the following are approaches to organizational effectiveness.

10. Team work allows work organization to blend people with different kinds of knowledge together, without differences rupturing the fabric of the organization.

11. Entrepreneurs often decide to start their own businesses in order to avoid having a boss. True of False

12.  Entrepreneurs do NOT face uncertain and irregular incomes.

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

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

15. Entrepreneurship is a ________________ activity

16. Which of the following is an economic incentives.

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

18. 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.

19. Which one of the following is NOT a disadvantage of Entrepreneurship.

20. ____________“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”. .

21. Entrepreneurship and economic growth take place when the economic conditions are favourable.

22. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and self-determination for entrepreneurial success.

23. The concept of entrepreneurship involves the consideration of a number of opportunities to enhance ________________and business profits.

24. An entrepreneur must NOT have more than a casual interest in the business because he or she must overcome many hurdles and obstacles.

25. The entrepreneurial _________can also be discovered by keeping the Larger business and starting a second one.

26. Will it be true to say that members of some ethno-cultural groups typically have a higher rate of business formation and ownership than do others? Yes or No.

27. Which one of the following is NOT among the 3 factors that affect organizational responses to different changes according to Christensen and Overdorf.

28. Team learning is NOT fundamental to the performance of a team

29.  __________ has become an increasingly common practice, an opportunity for small firms.

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

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

32. _______ Factors such as the economy, the weather, and changes in consumer tastes often have a dramatic effect on a business.

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

34. When thinking about starting a business. You can make a list of the things you like and dislike about similar_________________ or Products.

35. Thurley (1979) described the following _________approaches to managing change.

36. 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

37. ________________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.

38. Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.

39. ________ addresses the output aspects of any decision.

40. The factors that define capabilities and disabilities evolve over time - they start in resources, then move to visible, articulated processes and values, and finally migrate to culture.

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

42. Entrepreneurs are seen as those with high need for achievement (N-arch), _____________risk takers as well as those with Internal locus of control.

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

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

45.  Which of the following is a component of a transformational leader.

46. The accurate description of Weber's paradigm might be the development ethics and the spirit protestant ethic.

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

48. Entrepreneurs may develop a company to a mature phase and then hire a good team of managers to run the business on a daily basis.

49.  _________ stage involves what is the cause of the problem.

50. Entrepreneurs act on their ­­­­_____________because they have a high need for achievement, shown in many studies to be higher than that of the general population.