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!
GST204
1 / 50
1. The position that individualism is related directly to innovation and entrepreneurship is not __________________
2 / 50
2. Which type of innovation is the reconfiguration of an established system to link together components and parts in a new way
3 / 50
3. Business idea arises from an opportunity in the _________
4 / 50
4. A _______ business may be defined as any business in which two or more family members are involved and the majority of ownership or control lies within a family.
5 / 50
5. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______
6 / 50
6. Scanning the environment is better and safer method of assessing than jumping Into the_______
7 / 50
7. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
8 / 50
8. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
9 / 50
9. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
10 / 50
10. The ___________ theory of entrepreneurship considers the relationship between economic conditions and incentives to arrive at a risk-reward equation that informs a determination on whether or not to pursue a potential venture
11 / 50
11. Span style approach will prevent you spreading your marketing budget and time too thinly is known as __________
12 / 50
12. ________ conceives the entrepreneur as the innovator who implements change within markets through the carrying out of new combinations such as introduction of new techniques of production, reorganization of an industry and innovation.
13 / 50
13. _________trait is defined as stable qualities that a person shows in most situations
14 / 50
14. The Distinctive design, graphics, logo, symbols, words, or any combination thereof that uniquely identifies a firm and/or its goods or services, guarantees the item's genuineness, and gives it owner the legal rights to prevent the unauthorized use referred to _________
15 / 50
15. Entrepreneurs within an organization is referred to as _______
16 / 50
16. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
17 / 50
17. _________ as an entrepreneur is someone who is being driven by certain forces that are mainly internal, personal attributes and traits
18 / 50
18. Illumination occurs when the idea surfaces as a realistic ________
19 / 50
19. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______
20 / 50
20. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________
21 / 50
21. The business environment is made up of the internal and the external environment and the main macro-environmental forces/factors found in the external environment and micro-environmental forces/factors/ in the internal environment of the _______
22 / 50
22. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
23 / 50
23. Risk Taking theory contends about one‘s willingness to accept ____.
24 / 50
24. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business
25 / 50
25. Entrepreneurship is an activity embarked upon for a specific _____
26 / 50
26. An entrepreneur must have the competence and proficiency in the knowledge of the _________
27 / 50
27. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________
28 / 50
28. There are given situations where an Entrepreneur is not able to establish his or her own business and as such has to work in an
29 / 50
29. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
30 / 50
30. The conceptual cornerstone in the theory of entrepreneurship lies on __________
31 / 50
31. Which phase is the starting point for new ideas?
32 / 50
32. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process
33 / 50
33. A technological process is a means to make and improve products and ________
34 / 50
34. Individuals with an internal locus of control believe that they are able to life events
35 / 50
35. The mix of norms, values and beliefs that are shared by a particular community be it a business community, a cultural (or ethnic) community, a country, or a geographical region defined as _________
36 / 50
36. The psychologist view sees an entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and ________
37 / 50
37. The term Entrepreneur seems to have been introduced into Economics by ______
38 / 50
38. One of the followings is the Major Environmental Factors
39 / 50
39. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
40 / 50
40. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
41 / 50
41. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
42 / 50
42. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
43 / 50
43. Successful entrepreneurs are good at turning ideas into ____
44 / 50
44. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture
45 / 50
45. It is the responsibility of ________ to assess the external environment of the business by critically looking at the opportunities and threats emanating from changes in the major external environmental factors
46 / 50
46. _________ is the process of having a good idea of the resources that will be required to turn your idea into an opportunity.
47 / 50
47. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
48 / 50
48. A business owned, financed and managed by an individual is identified as _______
49 / 50
49. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________
50 / 50
50. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______
Restart quiz
Rate this quiz
