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
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1. ____________“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”. .
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2. New venture creation is fraught with risk and financing of such ventures is referred to as risk capital.
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3. Especially in the early years of a business, the entrepreneur often works extremely long hours, possibly six or seven days each week.
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4. There is no consensus concerning the definition of entrepreneur but most include a willingness to take risks in the pursuit of an_________________.
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5. When _____________cost of a firm is on the high side, its products cannot compete favourably with other similar products in the market.
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6. Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.
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7. Entrepreneurs are NOT confident in their abilities and the business concept.
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8. The concept of entrepreneurship involves the consideration of a number of opportunities to enhance ________________and business profits.
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9. Which one of the following is a cause of corporate failure.
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10. Which of the following is an economic incentives.
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11. Michael Morris points out that the psychology and behavior of the entrepreneur may change as the _______________ evolves.
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12. Entrepreneurs often define the ___________early in the process and minimize them to the extent possible.
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13. 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.
14 / 50
14. Thurley (1979) described the following _________approaches to managing change.
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15. ________ is the process of helping the work team become more effective in accomplishing its tasks/roles and in satisfying the needs of the team members.
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16. Which one of the following is NOT a type of work-team in an organization.
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17. Which of the following is a component of a transformational leader.
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18. One of the reasons entrepreneurs are successful is that they have imagination and can envision ________________scenarios.
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19. Entrepreneurship and economic growth take place when the economic conditions are favourable.
20 / 50
20. Team work allows work organization to blend people with different kinds of knowledge together, without differences rupturing the fabric of the organization.
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21. Many companies that are started by ____________go out of business few years after their establishment. These companies often fail because of poor Planning.
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22. Which of the following stages is involved in team building.
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23. _______ Factors such as the economy, the weather, and changes in consumer tastes often have a dramatic effect on a business.
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24. _________ is in the middle of the model because it is a shared responsibility of every team member.
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25. Which one of the following is NOT a disadvantage of Entrepreneurship.
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26. Transformational leadership is comprised of ________ basic components.
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27. ________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.
28 / 50
28. Performance of the entrepreneur is contingent on _________ factors
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29. When a company engages in over expansion, short term ____________will be immobilized thereby leading to Corporate failure.
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30. _________ viewed entrepreneurship as an �??established way of doing business are destroyed by the creation of new and better ways to do them.
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31. High production cost can result from over Employment of both human and resources.
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32. 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.
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33. When faced with a difficult problem, the starting point for team discussion is _________
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34. The word entrepreneurship derived from _________ century.
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35. Entrepreneurs often decide to start their own businesses in order to avoid having a boss. True of False
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36. __________ is an instrument of sustained and enduring success in business ventures.
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37. The accurate description of Weber's paradigm might be the development ethics and the spirit protestant ethic.
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38. 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.
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39. ________ is action oriented and ensures that the team will implement agreed solutions and assign accountabilities and responsibilities.
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40. They also may fail because the entrepreneur chooses the wrong business or does not have entrepreneurial ______
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41. The process known as ________________________ the environment, allows the entrepreneur to see the entire business environment and the industry and helps to formulate the larger picture of the business activity
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42. Which one of the following is NOT among the 3 factors that affect organizational responses to different changes according to Christensen and Overdorf.
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43. Which one of the following is NOT among the factors affecting team building.
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44. Members of the work-team diagnose how they work-together and plan changes that will affect their effectiveness.
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45. Taxation policy, Industrial policy, Sources of finance and raw materials, Infrastructure availability, Investment and marketing opportunities, are ________________incentives.
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46. Most economists today agree that entrepreneurship is a necessary ingredient for stimulating economic growth and employment opportunities in all societies.
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47. To the general public, change is often frightening and is something to be avoided, ___________________, however, see change as normal and necessary.
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48. ________________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.
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49. Which of the following are approaches to organizational effectiveness.
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50. 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
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