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
1 / 50
1. Entrepreneur was first accorded prominence by _________
2 / 50
2. One of the followings is the Major Environmental Factors
3 / 50
3. Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______
4 / 50
4. 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 ___________
5 / 50
5. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
6 / 50
6. Entrepreneurial culture can be rooted in a society through 4 main avenues. According to ________
7 / 50
7. 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 _________
8 / 50
8. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________
9 / 50
9. _________ activities are transactions with creditors or investors used to fund either company operations or expansions
10 / 50
10. A business owned, financed and managed by an individual is identified as _______
11 / 50
11. _________trait is defined as stable qualities that a person shows in most situations
12 / 50
12. The functionality of an entrepreneur is based on some established _______
13 / 50
13. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______
14 / 50
14. Entrepreneurs within an organization is referred to as _______
15 / 50
15. Entrepreneurship is an activity embarked upon for a specific _____
16 / 50
16. A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business
17 / 50
17. An entrepreneur is a dynamic person who takes calculated _____
18 / 50
18. An entrepreneur must have the competence and proficiency in the knowledge of the _________
19 / 50
19. _________ as an entrepreneur is someone who is being driven by certain forces that are mainly internal, personal attributes and traits
20 / 50
20. Which phase is the starting point for new ideas?
21 / 50
21. Brainstorming. It helps in generating a large number of product _______
22 / 50
22. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship
23 / 50
23. Entrepreneurs come up with great ideas that lead to creativity and ___________
24 / 50
24. The psychologist sees an Entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and _______
25 / 50
25. (ILO) mean ______________
26 / 50
26. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______
27 / 50
27. A technological process is a means to make and improve products and ________
28 / 50
28. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________
29 / 50
29. The psychologist view sees an entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and ________
30 / 50
30. _______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual
31 / 50
31. _________ is the process of having a good idea of the resources that will be required to turn your idea into an opportunity.
32 / 50
An entrepreneur must have good human _____________
33 / 50
33. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
34 / 50
34. 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
35 / 50
35. The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process
36 / 50
36. ______ are individuals who identify public problems and apply business acumen to resolve them.
37 / 50
37. The position that individualism is related directly to innovation and entrepreneurship is not __________________
38 / 50
38. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________
39 / 50
39. Successful entrepreneurs are good at turning ideas into ____
40 / 50
40. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________
41 / 50
41. Illumination occurs when the idea surfaces as a realistic ________
42 / 50
42. 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 _________
43 / 50
43. _______is a great source of information, ideas and often opportunity.
44 / 50
44. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________
45 / 50
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
46 / 50
46. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______
47 / 50
47. Which kind of innovation changes the core design of one or more components but does not change the entire product architecture
48 / 50
48. what helps in generating a large number of product ideas is __________
49 / 50
49. The term Entrepreneur seems to have been introduced into Economics by ______
50 / 50
50. Which type of innovation is the reconfiguration of an established system to link together components and parts in a new way
Restart quiz
Rate this quiz
