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. Entrepreneurship is an activity embarked upon for a specific _____
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2. 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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3. Individual with an external locus of control believe that life's _______ are the result of external factors, such as chance, luck or fate.
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4. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
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5. ________ 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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6. _________ as an entrepreneur is someone who is being driven by certain forces that are mainly internal, personal attributes and traits
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7. 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.
8 / 50
8. Illumination occurs when the idea surfaces as a realistic ________
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9. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
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10. An entrepreneur is a dynamic person who takes calculated _____
11 / 50
11. 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
12 / 50
12. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________
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13. 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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14. Entrepreneurs within an organization is referred to as _______
15 / 50
15. 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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16. Entrepreneur was first accorded prominence by _________
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17. ______ are individuals who identify public problems and apply business acumen to resolve them.
18 / 50
An entrepreneur must have good human _____________
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19. _______is a great source of information, ideas and often opportunity.
20 / 50
20. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
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21. An entrepreneur must have the competence and proficiency in the knowledge of the _________
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22. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______
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23. The conceptual cornerstone in the theory of entrepreneurship lies on __________
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24. 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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25. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
26 / 50
26. A business owned, financed and managed by an individual is identified as _______
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27. 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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28. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________
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29. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________
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30. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
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31. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
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32. 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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33. _________ 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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34. what helps in generating a large number of product ideas is __________
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35. Business idea arises from an opportunity in the _________
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36. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
37 / 50
37. Span style approach will prevent you spreading your marketing budget and time too thinly is known as __________
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38. Scanning the environment is better and safer method of assessing than jumping Into the_______
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39. Entrepreneurs come up with great ideas that lead to creativity and ___________
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40. _________trait is defined as stable qualities that a person shows in most situations
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41. Individuals with an internal locus of control believe that they are able to life events
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42. Brainstorming. It helps in generating a large number of product _______
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43. 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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44. The position that individualism is related directly to innovation and entrepreneurship is not __________________
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45. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______
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46. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
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47. Successful entrepreneurs are good at turning ideas into ____
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48. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______
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49. 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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50. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
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