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 position that individualism is related directly to innovation and entrepreneurship is not __________________
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2. A technological process is a means to make and improve products and ________
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3. Risk Taking theory contends about one‘s willingness to accept ____.
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4. The conceptual cornerstone in the theory of entrepreneurship lies on __________
5 / 50
5. Which phase is the starting point for new ideas?
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6. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual
7 / 50
7. __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
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8. 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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9. Entrepreneurs come up with great ideas that lead to creativity and ___________
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10. 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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11. Scanning the environment is better and safer method of assessing than jumping Into the_______
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12. A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______
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13. _________ 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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14. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
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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. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________
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17. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business
18 / 50
18. Entrepreneurs within an organization is referred to as _______
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19. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
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20. Entrepreneurship is an activity embarked upon for a specific _____
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21. Successful entrepreneurs are good at turning ideas into ____
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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 entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________
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24. what helps in generating a large number of product ideas is __________
25 / 50
25. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______
26 / 50
26. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
27 / 50
27. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
28 / 50
28. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
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29. The term Entrepreneur seems to have been introduced into Economics by ______
30 / 50
30. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
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31. 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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32. 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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33. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture
34 / 50
34. 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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35. _________trait is defined as stable qualities that a person shows in most situations
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36. 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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37. 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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38. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______
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39. 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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40. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
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41. A business owned, financed and managed by an individual is identified 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. (ILO) mean ______________
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44. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
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45. 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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46. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
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47. 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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48. 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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49. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
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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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