GST204




Category: GST204

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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. _______is a great source of information, ideas and often opportunity.

2 / 50

2. The functionality of an entrepreneur is based on some established _______

3 / 50

3. The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship

4 / 50

4. (ILO) mean ______________

5 / 50

5. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________

6 / 50

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 ________

8 / 50

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

11.

 An entrepreneur must have good human _____________

12 / 50

12. Entrepreneurship is inhibited by the social system, which denies opportunities for creative facilities for __________

13 / 50

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

15 / 50

15. The entrepreneur may not necessarily be an 'inventor' but the one that can make a _____________

16 / 50

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

22 / 50

22. _________ activities are transactions with creditors or investors used to fund either company operations or expansions

23 / 50

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.

24 / 50

24. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________

25 / 50

25. According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated  ___________________

26 / 50

26. The establishment of any entrepreneurial Venture is risky and the entrepreneur has to assume ______

27 / 50

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

29 / 50

29. The position that individualism is related directly to innovation and entrepreneurship is not __________________

30 / 50

30. One of the followings is the Major Environmental Factors

31 / 50

31. Brainstorming. It helps in generating a large number of product _______

32 / 50

32. _________trait is defined as stable qualities that a person shows in most situations

33 / 50

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 _______

39 / 50

39. The psychologist sees an Entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and _______

40 / 50

40. A business owned, financed and managed by an individual is identified as _______

41 / 50

41. ______ are individuals who identify public problems and apply business acumen to resolve them.

42 / 50

42. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______

43 / 50

43. Individuals with an internal locus of control believe that they are able to life events

44 / 50

44. Scanning the environment is better and safer method of assessing than jumping Into the_______

45 / 50

45. what helps in generating a large number of product ideas is __________

46 / 50

46. The conceptual cornerstone in the theory of entrepreneurship lies on __________

47 / 50

47. Illumination occurs when the idea surfaces as a realistic ________

48 / 50

48. The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to ­­­­­­­­­­­­_____________

49 / 50

49. Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________

50 / 50

50. Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities

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