Category: ENT204



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

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

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C. Some entrepreneur do NOT adjust to the growing business and use their skills to build a company that is strong enough to let the founder be entrepreneurial again.

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D.  The ________ cycle provides opportunities for continuous evaluation and improvement.

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E. Appropriate commercial sales policies often do not have adverse effects that could lead to debt build up and subsequent liquidity problems. True or False

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F. The life of an entrepreneur is_____________. No one is sating schedules or step-by-step processes for the entrepreneur to follow.

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

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H. Transformational leadership is comprised of ________ basic components.

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I. Which of the following is a Guideline for Effective Team Participation.

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J. Which of the following is an economic incentives.

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

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

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M. 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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N. The word entrepreneurship derived from _________ century.

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O. Entrepreneurs are _____ in their abilities and the business concept.

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P.  _________ sessions focus on which ideas are likely to work and how can they be tested for verification.

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Q. 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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R. When faced with a difficult problem, the starting point for team discussion is _________

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

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T.  Which one of the following is NOT a mechanism for change according to Lewin's model.

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

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

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W. ________ addresses the output aspects of any decision.

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

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Y. High production cost can result from over Employment of both human and resources.

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Z. Work teams develop over time and go through _________ distinct stages of development.

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AA. Which one of the following is NOT an advantage of Entrepreneurship.

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

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AE. Sufficient capital is required to buy the needed fixed assets for a firm.

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AF. 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.

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AG. Which of the following is Characteristics of a Well Functioning Work Team.

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AH. _________ patterns are determined by reinforcing and aversive stimuli present in the societal context, such rewards and punishments not being limited to the child-rearing period entrepreneurial behaviour.

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AI. 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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AJ. _________ prescribed fourteen measures to cure the crisis of quality.

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AK. ________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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AL. Which one of the following is a factor that influences Entrepreneurship.

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

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AN. ____________“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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AO. _________ Quality triology emphasized the roles of quality planning, quality control and quality improvement.

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

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

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AR. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and _______________for entrepreneurial success.

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

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AT. “Successful entrepreneurs don’t have failures. They have learning ______________”.

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

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

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

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

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

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AZ.  _________ 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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BA. Successful entrepreneurs are independent. They want to make their own _______________

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BB. 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.

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

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BD. Entrepreneurs often define the ___________early in the process and minimize them to the extent possible.

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BE. 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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BF. 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.

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

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

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BI. Which of the following stages is involved in team building.

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BJ. The cooperative societies sell their products to outsiders only in debts. True of False

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

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BL. 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.

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BM. 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.

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

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BO. Work teams can exist in isolation.

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BP. 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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BQ.  _________ stage involves what is the cause of the problem.

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BR. 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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