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. 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
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2. Entrepreneur was first accorded prominence by _________
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3. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______
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4. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
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5. Which phase is the starting point for new ideas?
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6. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______
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7. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture
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8. The conceptual cornerstone in the theory of entrepreneurship lies on __________
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9. 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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10. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________
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11. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
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12. Business idea arises from an opportunity in the _________
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13. 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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14. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
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15. Entrepreneurship is an activity embarked upon for a specific _____
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16. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
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17. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______
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18. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
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19. (ILO) mean ______________
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20. ________ 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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21. ______ are individuals who identify public problems and apply business acumen to resolve them.
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22. _______is a great source of information, ideas and often opportunity.
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23. The value created by taking a resource or set of inputs, providing additional inputs or processes that increase the value of those inputs, and thereby generate a product or service that has greater market value at the next level of the value chain is referred to as _________
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24. Risk Taking theory contends about one‘s willingness to accept ____.
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25. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________
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26. Individuals with an internal locus of control believe that they are able to life events
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27. Entrepreneurs come up with great ideas that lead to creativity and ___________
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28. An entrepreneur is a dynamic person who takes calculated _____
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29. _________ 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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30. 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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31. 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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32. The psychologist sees an Entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and _______
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33. One of the followings is the Major Environmental Factors
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34. 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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35. A business owned, financed and managed by an individual is identified as _______
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36. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
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37. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
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38. Brainstorming. It helps in generating a large number of product _______
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39. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
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40. 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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41. Span style approach will prevent you spreading your marketing budget and time too thinly is known as __________
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42. _________ as an entrepreneur is someone who is being driven by certain forces that are mainly internal, personal attributes and traits
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43. The term Entrepreneur seems to have been introduced into Economics by ______
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44. The position that individualism is related directly to innovation and entrepreneurship is not __________________
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45. _________trait is defined as stable qualities that a person shows in most situations
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46. Illumination occurs when the idea surfaces as a realistic ________
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47. An entrepreneur must have the competence and proficiency in the knowledge of the _________
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48. Scanning the environment is better and safer method of assessing than jumping Into the_______
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49. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
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50. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
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