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. One of the reasons entrepreneurs are successful is that they have imagination and can envision ________________scenarios.
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2. Entrepreneurship and economic growth take place when the economic conditions are favourable.
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3. Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.
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4. Most economists today agree that entrepreneurship is a necessary ingredient for stimulating economic growth and employment opportunities in all societies.
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5. Which of the following is an economic incentives.
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6. The accurate description of Weber's paradigm might be the development ethics and the spirit protestant ethic.
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7. 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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8. 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.
9 / 50
9. ________and Innovation are understood as the combination of the concept of entrepreneurship.
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10. To the general public, change is often frightening and is something to be avoided, ___________________, however, see change as normal and necessary.
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11. 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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12. _________ sessions focus on which ideas are likely to work and how can they be tested for verification.
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13. They also may fail because the entrepreneur chooses the wrong business or does not have entrepreneurial ______
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14. The cooperative societies sell their products to outsiders only in debts. True of False
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15. Effectiveness is the ability to excel at one or more output goals.
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16. Which of the following stages is involved in team building.
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17. Theories pounded by various scholars include: psychological, sociological and _________________
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18. Taxation policy, Industrial policy, Sources of finance and raw materials, Infrastructure availability, Investment and marketing opportunities, are ________________incentives.
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19. 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. True or False
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20. Which one of the following is NOT a type of work-team in an organization.
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21. Entrepreneurs do NOT face uncertain and irregular incomes.
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22. Which one of the following is NOT a mechanism for change according to Lewin's model.
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23. 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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24. Which of the following are approaches to organizational effectiveness.
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25. ________________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.
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26. _________ 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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27. Which one of the following is NOT among the factors affecting team building.
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28. 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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29. _______ Factors such as the economy, the weather, and changes in consumer tastes often have a dramatic effect on a business.
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30. Work teams can exist in isolation.
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31. 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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32. _________ role ensures that the work team will spend time discussion ideas around the problems being faced.
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33. 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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34. 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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35. Performance of the entrepreneur is contingent on _________ factors
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36. 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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37. Michael Morris points out that the psychology and behavior of the entrepreneur may change as the _______________ evolves.
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38. ________ 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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39. __________ theory states that changes in attitudes lead to changes in behaviour.
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40. When faced with a growing company, the entrepreneur often makes a conscious decision to limit company growth or even reduce the company size.
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41. When faced with a difficult problem, the starting point for team discussion is _________
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42. Entrepreneurship involves the creation process-creating something new of value.
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43. The word entrepreneurship derived from _________ century.
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44. It is common for entrepreneurs to learn an _____________ while working for someone else.
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45. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and self-determination for entrepreneurial success.
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46. Nearly every authority on entrepreneurship recognizes the importance of self-motivation and _______________for entrepreneurial success.
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47. _________ stage involves what is the cause of the problem.
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48. Transformational leadership is comprised of ________ basic components.
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49. Which one of the following is NOT an advantage of Entrepreneurship.
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50. _________has been defined as a person's belief in his or her capability to perform a task.
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