ENT204

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

2.  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.

3. ________________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.

4. Which of the following is an economic incentives.

5. The entrepreneur must have more than a casual________________ in the business because he or she must overcome many hurdles and obstacles.

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

7. ________ involves regularly reviewing mistakes in a non-recriminatory way and establishing guidelines to prevent them from reoccurring.

8. Entrepreneurship is a ________________ activity

9. 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.

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

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

12. The word entrepreneurship derived from _________ century.

13. Which one of the following is NOT a type of work-team in an organization.

14. Many companies that are started by ____________go out of business few years after their establishment. These companies often fail because of poor Planning.

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

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

17. 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.

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

19.  It is essentially a desirable adaptation in creating a sharper vision and engender better approaches to performance delivery in this changing business environment.

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

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

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

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

24.  _________ viewed entrepreneurship as an �??established way of doing business are destroyed by the creation of new and better ways to do them.

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

26. When a company engages in over expansion, short term ____________will be immobilized thereby leading to Corporate failure.

27. Most economists today agree that entrepreneurship is a necessary ingredient for stimulating economic growth and employment opportunities in all societies.

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

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

30.  Where government policy contradicts the interest of a firm, the firm can NOT be adversely affected.

31. 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.

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

33. ________ is action oriented and ensures that the team will implement agreed solutions and assign accountabilities and responsibilities.

34. Taxation policy, Industrial policy, Sources of finance and raw materials, Infrastructure availability, Investment and marketing opportunities, are ________________incentives.

35. 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

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

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

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

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

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

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

42. Weber identified the positive change that took place in public attitudes towards entrepreneurship after the reformation in the western world and proposed that Protestantism had helped bring about this change.

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

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

45. New _______creation is fraught with risk and financing of such ventures is referred to as risk Capital.

46. 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.

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

48.  _________has been defined as a person's belief in his or her capability to perform a task.

49. It is common for entrepreneurs to learn an _____________ while working for someone else.

50. Because of the hurdles and obstacles that must be overcome, the entrepreneur must be consistently __________________