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. _______is a great source of information, ideas and often opportunity.
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2. The functionality of an entrepreneur is based on some established _______
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3. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
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4. (ILO) mean ______________
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5. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
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6. 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 _______
7 / 50
7. 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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8. _________ is the process of having a good idea of the resources that will be required to turn your idea into an opportunity.
9 / 50
9. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
10 / 50
10. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
11 / 50
An entrepreneur must have good human _____________
12 / 50
12. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
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13. 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.
14 / 50
14. _________ as an entrepreneur is someone who is being driven by certain forces that are mainly internal, personal attributes and traits
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15. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________
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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
17 / 50
17. An entrepreneur is a dynamic person who takes calculated _____
18 / 50
18. Business idea arises from an opportunity in the _________
19 / 50
19. 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 _________
20 / 50
20. 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 ___________
21 / 50
21. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process
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22. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
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23. ________ 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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24. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
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25. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
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26. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______
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27. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture
28 / 50
28. 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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29. The position that individualism is related directly to innovation and entrepreneurship is not __________________
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30. One of the followings is the Major Environmental Factors
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31. Brainstorming. It helps in generating a large number of product _______
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32. _________trait is defined as stable qualities that a person shows in most situations
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33. 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
34 / 50
34. Individual with an external locus of control believe that life's _______ are the result of external factors, such as chance, luck or fate.
35 / 50
35. Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
36 / 50
36. Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______
37 / 50
37. A technological process is a means to make and improve products and ________
38 / 50
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. 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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40. A business owned, financed and managed by an individual is identified as _______
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41. ______ are individuals who identify public problems and apply business acumen to resolve them.
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42. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______
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43. Individuals with an internal locus of control believe that they are able to life events
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44. Scanning the environment is better and safer method of assessing than jumping Into the_______
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45. what helps in generating a large number of product ideas is __________
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46. The conceptual cornerstone in the theory of entrepreneurship lies on __________
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47. Illumination occurs when the idea surfaces as a realistic ________
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48. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to _____________
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49. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________
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50. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
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