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!
ENT204
1 / 50
1. _________ prescribed fourteen measures to cure the crisis of quality.
2 / 50
2. Entrepreneurs believe that their success or failure depends on their own actions; This quality is known as an__________________________ locus of control.
3 / 50
3. Many companies that are started by ____________go out of business few years after their establishment. These companies often fail because of poor Planning.
4 / 50
4. Entrepreneurs do NOT face uncertain and irregular incomes.
5 / 50
5. Entrepreneurs are _____ in their abilities and the business concept.
6 / 50
6. Which of the following is a Guideline for Effective Team Participation.
7 / 50
7. Quality is an abstract construct used to measure services and products. True or False.
8 / 50
8. Performance of the entrepreneur is contingent on _________ factors
9 / 50
9. ________________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.
10 / 50
10. ________ this is an evaluative phase.
11 / 50
11. Which of the following according to Thurley (1979) described the five approaches to managing change.
12 / 50
12. Sufficient capital is required to buy the needed fixed assets for a firm.
13 / 50
13. Most economists today agree that entrepreneurship is a necessary ingredient for stimulating economic growth and employment opportunities in all societies.
14 / 50
14. Which of the following stages is involved in team building.
15 / 50
15. _________ Quality triology emphasized the roles of quality planning, quality control and quality improvement.
16 / 50
16. ________ is when quality is defined in terms of cost and prices as well as number of other attributes.
17 / 50
17. When thinking about starting a business. You can make a list of the things you like and dislike about similar_________________ or Products.
18 / 50
18. Which one of the following is a cause of corporate failure.
19 / 50
19. Appropriate commercial sales policies often do not have adverse effects that could lead to debt build up and subsequent liquidity problems. True or False
20 / 50
20. The word entrepreneurship derived from _________ century.
21 / 50
21. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and self-determination for entrepreneurial success.
22 / 50
22. Adam Smith's book titled the "the wealth of nation" was written in _________ year.
23 / 50
23. __________________has been defined as a person’s belief in his or her capability to perform a task.
24 / 50
24. 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.
25 / 50
25. Which one of the following is NOT an advantage of Entrepreneurship.
26 / 50
26. The concept of an entrepreneur is further refined when principles and terms from a business, managerial, and personal perspective are considered.
27 / 50
27. Entrepreneurship involves the creation process-creating something new of value.
28 / 50
28. _________ sessions focus on which ideas are likely to work and how can they be tested for verification.
29 / 50
29. Which one of the following is NOT among the factors affecting team building.
30 / 50
30. Autonomy is the idea for ______________and the freedom to make decisions.
31 / 50
31. 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.
32 / 50
32. Transformational leadership is comprised of ________ basic components.
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33. Entrepreneurs are NOT confident in their abilities and the business concept.
34 / 50
34. Members of the work-team diagnose how they work-together and plan changes that will affect their effectiveness.
35 / 50
35. New venture creation is fraught with risk and financing of such ventures is referred to as risk capital.
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36. Work teams can exist in isolation.
37 / 50
37. Entrepreneurs are often_________________, and striving for excellence, or “perfection,” helps make the business successful.
38 / 50
38. When _____________cost of a firm is on the high side, its products cannot compete favourably with other similar products in the market.
39 / 50
39. ________ involves regularly reviewing mistakes in a non-recriminatory way and establishing guidelines to prevent them from reoccurring.
40 / 50
40. Because of the hurdles and obstacles that must be overcome, the entrepreneur must be consistently __________________
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41. They also may fail because the entrepreneur chooses the wrong business or does not have entrepreneurial ______
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42. __________ theory states that changes in attitudes lead to changes in behaviour.
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43. 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.
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44. The entrepreneur must have more than a casual________________ in the business because he or she must overcome many hurdles and obstacles.
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45. ________ is action oriented and ensures that the team will implement agreed solutions and assign accountabilities and responsibilities.
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46. To the general public, change is often frightening and is something to be avoided, ___________________, however, see change as normal and necessary.
47 / 50
47. Which of the following is a characteristics of a successful Entrepreneur.
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48. Entrepreneurs often define the ___________early in the process and minimize them to the extent possible.
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49. When risk associated with investment decisions are not properly evaluated, the survival of a firm will be threatened.
50 / 50
50. Michael Morris points out that the psychology and behavior of the entrepreneur may change as the _______________ evolves.
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