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
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1. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________
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2. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
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3. Entrepreneur was first accorded prominence by _________
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4. 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
5 / 50
5. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
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6. 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.
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7. Passion and Motivation, Not Afraid to Take Risks, Self-belief, Hard Work and Disciplined Dedication, Adaptable and Flexible, Product and Market Knowledge, Strong Money Management, Effective Planning (Not Over-Planning) Skills, The Right Connections are the main characteristics of an ___________
8 / 50
8. Successful entrepreneurs are good at turning ideas into ____
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9. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
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10. ________ 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.
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11. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
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12. Span style approach will prevent you spreading your marketing budget and time too thinly is known as __________
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13. The functionality of an entrepreneur is based on some established _______
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14. An entrepreneur is a dynamic person who takes calculated _____
15 / 50
15. An entrepreneur must have the competence and proficiency in the knowledge of the _________
16 / 50
16. The conceptual cornerstone in the theory of entrepreneurship lies on __________
17 / 50
17. Entrepreneurship is an activity embarked upon for a specific _____
18 / 50
18. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
19 / 50
19. ______ are individuals who identify public problems and apply business acumen to resolve them.
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20. 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 _________
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21. Which phase is the starting point for new ideas?
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22. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
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23. _________trait is defined as stable qualities that a person shows in most situations
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24. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
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25. The term Entrepreneur seems to have been introduced into Economics by ______
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26. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual
27 / 50
27. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______
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
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29. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
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30. Illumination occurs when the idea surfaces as a realistic ________
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31. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
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32. (ILO) mean ______________
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33. Scanning the environment is better and safer method of assessing than jumping Into the_______
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34. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process
35 / 50
35. Individuals with an internal locus of control believe that they are able to life events
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36. Business idea arises from an opportunity in the _________
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37. 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 _______
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38. The psychologist view sees an entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and ________
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39. _________ is the process of having a good idea of the resources that will be required to turn your idea into an opportunity.
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40. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
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An entrepreneur must have good human _____________
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42. Which type of innovation is the reconfiguration of an established system to link together components and parts in a new way
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43. A technological process is a means to make and improve products and ________
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44. 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
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45. The position that individualism is related directly to innovation and entrepreneurship is not __________________
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46. The psychologist sees an Entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and _______
47 / 50
47. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________
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48. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business
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49. One of the followings is the Major Environmental Factors
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50. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______
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