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. Are cultural factors a determinant for success in business? Yes or No
2 / 50
2. When thinking about starting a business. You can make a list of the things you like and dislike about similar_________________ or Products.
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3. Theories pounded by various scholars include: psychological, sociological and _________________
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4. Which of the following is an economic incentives.
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5. Team learning is NOT fundamental to the performance of a team
6 / 50
6. 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
7 / 50
7. Entrepreneurs are seen as those with high need for achievement (N-arch), _____________risk takers as well as those with Internal locus of control.
8 / 50
8. The cooperative societies sell their products to outsiders only in debts. True of False
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9. 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.
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10. 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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11. There is no consensus concerning the definition of entrepreneur but most include a willingness to take risks in the pursuit of an_________________.
12 / 50
12. Entrepreneurship is a ________________ activity
13 / 50
13. ________and Innovation are understood as the combination of the concept of entrepreneurship.
14 / 50
14. ________ is the process of meeting organizational objectives, prevailing societal expectations in the near future, adapting and developing in the intermediate future, and surviving in the distant future.
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15. When faced with a growing company, the entrepreneur often makes a conscious decision to limit company growth or even reduce the company size.
16 / 50
16. 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.
17 / 50
17. Sufficient capital is required to buy the needed fixed assets for a firm.
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18. __________________has been defined as a person’s belief in his or her capability to perform a task.
19 / 50
19. ________________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.
20 / 50
20. One of the reasons entrepreneurs are successful is that they have imagination and can envision ________________scenarios.
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21. Entrepreneurs do NOT face uncertain and irregular incomes.
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22. The _____________ characteristics include extra-version, conscientiousness, agreeableness, openness, and neuroticism.
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23. Because of the hurdles and obstacles that must be overcome, the entrepreneur must be consistently __________________
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24. It is essentially a desirable adaptation in creating a sharper vision and engender better approaches to performance delivery in this changing business environment.
25 / 50
25. Entrepreneurs often decide to start their own businesses in order to avoid having a boss. True of False
26 / 50
26. Quality is an abstract construct used to measure services and products. True or False.
27 / 50
27. The word entrepreneurship derived from _________ century.
28 / 50
28. _________ prescribed fourteen measures to cure the crisis of quality.
29 / 50
29. The concept of entrepreneurship does NOT involve the consideration of a number of opportunities to enhance living standards and business profits.
30 / 50
30. Autonomy is the idea for ______________and the freedom to make decisions.
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31. One study found that successful owners of manufacturing firms gathered more _________________about the business environment, and more often, than those who were less successful.
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32. When faced with a difficult problem, the starting point for team discussion is _________
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33. ________ is action oriented and ensures that the team will implement agreed solutions and assign accountabilities and responsibilities.
34 / 50
34. Entrepreneurs are _____ in their abilities and the business concept.
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35. Some entrepreneurs adjust to the growing business and use their skills to build a company that is strong enough to let the founder be entrepreneurial again.
36 / 50
36. Effectiveness is the ability to excel at one or more output goals.
37 / 50
37. Which one of the following is a factor that influences Entrepreneurship.
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38. _________ is in the middle of the model because it is a shared responsibility of every team member.
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39. New venture creation is fraught with risk and financing of such ventures is referred to as risk capital.
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40. ________ addresses the output aspects of any decision.
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41. __________ is an instrument of sustained and enduring success in business ventures.
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42. Which of the following is a component of a transformational leader.
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43. Many successful entrepreneurs succeeded only after they had failed several times.
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44. Work team offers the potential and prospect for positive growth and development in the area of entrepreneurial development.
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45. ________ this is an evaluative phase.
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46. Taxation policy, Industrial policy, Sources of finance and raw materials, Infrastructure availability, Investment and marketing opportunities, are ________________incentives.
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47. ________ 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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48. It is common for entrepreneurs to learn an _____________ while working for someone else.
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49. Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.
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50. The concept of entrepreneurship involves the consideration of a number of opportunities to enhance ________________and business profits.
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