Category: ENT204



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!


1 / 50

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

2 / 50

2. Autonomy is the idea for ______________and the freedom to make decisions.

3 / 50

3. When risk associated with investment decisions are not properly evaluated, the survival of a firm will be threatened.

4 / 50

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

5 / 50

5. 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.

6 / 50

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

7 / 50

7. 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.

8 / 50

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

9 / 50

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

10 / 50

10. 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.

11 / 50

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

12 / 50

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

13 / 50

13. Work team offers the potential and prospect for positive growth and development in the area of entrepreneurial development.

14 / 50

14. Transformational leadership is comprised of ________ basic components.

15 / 50

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

16 / 50

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

17 / 50

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

18 / 50

18. _________ 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.

19 / 50

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

20 / 50

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

21 / 50

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

22 / 50

22. One of the reasons entrepreneurs are successful is that they have imagination and can envision ________________scenarios.

23 / 50

23. When _____________cost of a firm is on the high side, its products cannot compete favourably with other similar products in the market.

24 / 50

24. Quality is an abstract construct used to measure services and products. True or False.

25 / 50

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

26 / 50

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

27 / 50

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

28 / 50

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

29 / 50

29. ________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.

30 / 50

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

31 / 50

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

32 / 50

32. 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.

33 / 50

33. They also may fail because the entrepreneur chooses the wrong business or does not have entrepreneurial ______

34 / 50

34. Team work allows work organization to blend people with different kinds of knowledge together, without differences rupturing the fabric of the organization.

35 / 50

35. 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.

36 / 50

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

37 / 50

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

38 / 50

38. Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.

39 / 50

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

40 / 50

40. One study found that successful owners of manufacturing firms gathered more _________________about the business environment, and more often, than those who were less successful.

41 / 50

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

42 / 50

42. __________________planning is an essential part of the concept of entrepreneurship and effective application helps to ensure successful operation.

43 / 50

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

44 / 50

44. Many successful entrepreneurs succeeded only after they had failed several times.

45 / 50

45.  ________ 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.

46 / 50

46. ________ this is an evaluative phase.

47 / 50

47.  _________ is in the middle of the model because it is a shared responsibility of every team member.

48 / 50

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.

49 / 50

49. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and self-determination for entrepreneurial success.

50 / 50

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

Rate this quiz

Hello NOUNITES! Join other NOUNITES on Whatsapp and Telegram below, EXCLUSIVE UPDATES awaits you from various study centres and happenings in NOUN. Stay updated
Don't miss out, JOIN OVER 22,000 other students already following our platforms