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 functionality of an entrepreneur is based on some established _______
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2. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
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3. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
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4. Which phase is the starting point for new ideas?
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5. Scanning the environment is better and safer method of assessing than jumping Into the_______
6 / 50
6. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process
7 / 50
7. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual
8 / 50
8. Entrepreneur was first accorded prominence by _________
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9. One of the followings is the Major Environmental Factors
10 / 50
10. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______
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11. A technological process is a means to make and improve products and ________
12 / 50
12. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
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13. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
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14. 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.
15 / 50
15. Span style approach will prevent you spreading your marketing budget and time too thinly is known as __________
16 / 50
16. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______
17 / 50
17. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
18 / 50
18. what helps in generating a large number of product ideas is __________
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19. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______
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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. (ILO) mean ______________
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22. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
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23. 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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24. Risk Taking theory contends about one‘s willingness to accept ____.
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25. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______
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26. The term Entrepreneur seems to have been introduced into Economics by ______
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27. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
28 / 50
28. 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 _______
29 / 50
29. Successful entrepreneurs are good at turning ideas into ____
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30. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
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31. 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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32. 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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33. 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 ___________
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34. An entrepreneur must have the competence and proficiency in the knowledge of the _________
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35. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________
36 / 50
36. Entrepreneurs within an organization is referred to as _______
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37. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
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38. _______is a great source of information, ideas and often opportunity.
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39. The position that individualism is related directly to innovation and entrepreneurship is not __________________
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An entrepreneur must have good human _____________
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41. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________
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42. _________trait is defined as stable qualities that a person shows in most situations
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43. Business idea arises from an opportunity in the _________
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44. 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 _________
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45. 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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46. Individuals with an internal locus of control believe that they are able to life events
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47. Illumination occurs when the idea surfaces as a realistic ________
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48. Brainstorming. It helps in generating a large number of product _______
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49. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
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50. 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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