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. New _______creation is fraught with risk and financing of such ventures is referred to as risk Capital.
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2. ________ is when quality is defined in terms of cost and prices as well as number of other attributes.
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3. Effectiveness is the ability to excel at one or more output goals.
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4. 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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5. Performance of the entrepreneur is contingent on _________ factors
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6. Members of the work-team diagnose how they work-together and plan changes that will affect their effectiveness.
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7. Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.
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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
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9. Robson (1996) affirms that 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.
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10. 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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11. Are cultural factors a determinant for success in business? Yes or No
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12. 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
13 / 50
13. 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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14. 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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15. They also may fail because the entrepreneur chooses the wrong business or does not have entrepreneurial ______
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16. 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.
17 / 50
17. The concept of entrepreneurship involves the consideration of a number of opportunities to enhance ________________and business profits.
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18. ________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.
19 / 50
19. 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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20. Work team offers the potential and prospect for positive growth and development in the area of entrepreneurial development.
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21. 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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22. Successful entrepreneurs are independent. They want to make their own _______________
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23. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and self-determination for entrepreneurial success.
24 / 50
24. 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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25. _________ prescribed fourteen measures to cure the crisis of quality.
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26. __________________has been defined as a person’s belief in his or her capability to perform a task.
27 / 50
27. Which of the following is an economic incentives.
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28. Taxation policy, Industrial policy, Sources of finance and raw materials, Infrastructure availability, Investment and marketing opportunities, are ________________incentives.
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29. Many successful entrepreneurs succeeded only after they had __________ several times.
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30. The ________ cycle provides opportunities for continuous evaluation and improvement.
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31. The cooperative societies sell their products to outsiders only in debts. True of False
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32. Entrepreneurs often decide to start their own businesses in order to avoid having a boss. True of False
33 / 50
33. Which of the following are approaches to organizational effectiveness.
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34. Which of the following is a Guideline for Effective Team Participation.
35 / 50
35. Transformational leadership is comprised of ________ basic components.
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36. Entrepreneurs do NOT face uncertain and irregular incomes.
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37. The entrepreneur must have more than a casual________________ in the business because he or she must overcome many hurdles and obstacles.
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38. One of the reasons entrepreneurs are successful is that they have imagination and can envision ________________scenarios.
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39. Which of the following stages is involved in team building.
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40. 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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41. The accurate description of Weber's paradigm might be the development ethics and the spirit protestant ethic.
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42. Sufficient capital is required to buy the needed fixed assets for a firm.
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43. _________ role ensures that the work team will spend time discussion ideas around the problems being faced.
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44. Which of the following is a characteristics of a successful Entrepreneur.
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45. ________ is action oriented and ensures that the team will implement agreed solutions and assign accountabilities and responsibilities.
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46. The word entrepreneurship derived from _________ century.
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47. _________ 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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48. ________and Innovation are understood as the combination of the concept of entrepreneurship.
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49. 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.
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50. _________ is a process of engendering higher levels of motivation and commitment among followers.
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