ENT204

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

B. Performance of the entrepreneur is contingent on _________ factors

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

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

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

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

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

H. ________ this is an evaluative phase.

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

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

K. _________ 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.

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

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

N. __________ is an instrument of sustained and enduring success in business ventures.

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

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

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

R. Which of the following is a characteristics of a successful Entrepreneur.

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

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

U. 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.

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

W.  Which one of the following is NOT among the factors affecting team building.

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

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

Z. __________ theory states that changes in attitudes lead to changes in behaviour.

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

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

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

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

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

AF. ________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.

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

AH.  Entrepreneurs do NOT face uncertain and irregular incomes.

AI. 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.

AJ. Poor investment decisions, dividend policy and other financing decisions affects the ______________of firm.

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

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

AM. Work teams can exist in isolation.

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

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

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

AQ. ____________“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”. .

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

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

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

AU.  Entrepreneurship is derived from the _______ term "entreprendre" which means to undertake, to pursue opportunities, to fulfill the needs and wants through innovation and starting businesses.

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

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

AX. ________ is when quality is defined in terms of cost and prices as well as number of other attributes.

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

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

BA. To the general public, change is often frightening and is something to be avoided, ___________________, however, see change as normal and necessary.

BB. Michael Morris points out that the psychology and behavior of the entrepreneur may change as the _______________ evolves.

BC. Members of the work-team diagnose how they work-together and plan changes that will affect their effectiveness.

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

BE.  ________ 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.

BF. Which of the following is an economic incentives.

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

BH. The word entrepreneurship derived from _________ century.

BI. The concept of an entrepreneur is further refined when principles and terms from a business, managerial, and personal perspective are considered.

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

BK. 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.

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

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

BN. ________ 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.

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

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

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

BR. 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