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. 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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2. The functionality of an entrepreneur is based on some established _______
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3. A technological process is a means to make and improve products and ________
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4. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
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5. Illumination occurs when the idea surfaces as a realistic ________
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6. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________
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7. 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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8. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________
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9. Entrepreneurs within an organization is referred to as _______
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10. Successful entrepreneurs are good at turning ideas into ____
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11. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______
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12. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
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13. 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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An entrepreneur must have good human _____________
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15. Span style approach will prevent you spreading your marketing budget and time too thinly is known as __________
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16. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual
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17. A business owned, financed and managed by an individual is identified as _______
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18. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
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19. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
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20. 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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21. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
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22. (ILO) mean ______________
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23. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
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24. Individuals with an internal locus of control believe that they are able to life events
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25. Entrepreneurs come up with great ideas that lead to creativity and ___________
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26. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
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27. 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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28. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______
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29. 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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30. Risk Taking theory contends about one‘s willingness to accept ____.
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31. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process
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32. Scanning the environment is better and safer method of assessing than jumping Into the_______
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33. 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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34. 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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35. Which phase is the starting point for new ideas?
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36. The term Entrepreneur seems to have been introduced into Economics by ______
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37. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
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38. An entrepreneur must have the competence and proficiency in the knowledge of the _________
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39. Entrepreneurship is an activity embarked upon for a specific _____
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40. ________ 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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41. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
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42. Business idea arises from an opportunity in the _________
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43. The position that individualism is related directly to innovation and entrepreneurship is not __________________
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44. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
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45. what helps in generating a large number of product ideas is __________
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46. 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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47. 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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48. ______ are individuals who identify public problems and apply business acumen to resolve them.
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49. 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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50. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______
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