Category: ENT101 0 ENT101 1 / 50 Entrepreneurship is the process of establishing and _______ business Check 2 / 50 Â The practice of comparing techniques and practices of an organization with those similar ones is known as ________ Forecasting SWOT analysis Benchmarking Trend analysis 3 / 50 Which of the following is not a role of entrepreneurship? Employment generation Productivty improvement Technology adaptation Resource depletion 4 / 50 The ____ summary is the first section of a feasibility report Check 5 / 50 Which of the following is not considered in evaluating business opportunities? Form of business decision Desire to plunge in Decision on how to proceed Decision on incentives 6 / 50 Market analysis section of the business plan covers the following except? Customers Current competitors Potential competitors Products and services 7 / 50 Which of the is not among the promotional mix? Advertising Distribution Publicity Personal selling 8 / 50 Factors affecting the activities of an organization can be divided into two, namely Check 9 / 50 ________ publication is a source of primary data Check 10 / 50 Which of the following is not a dimension of difference between entrepreneur and owner manager Financial management Motivation Risk taking Time orientation 11 / 50 The concept that management is required in all organization is called __________ Check 12 / 50 The study of value and resource allocation applied to a new venture is known as ______ Entrepreneurial assumptions Entrepreneurial finance Entrepreneurial initiative Entrepreneurial traits 13 / 50 An economy where most key decisions on production are taken by state and its agencies is called _______ Capital economy Mixed economy Central economy Planned economy 14 / 50 Which of the following is not among the exchange relationship activities of an entrepreneur? Opportunity perception Competitive response Product marketing Customer relations 15 / 50 Â A time frame within which a firm can realistically enter a new market is known as _______ Durability Window of opportunity Attractiveness Probation 16 / 50 Which of the following serve to evaluate the viability of a business idea? Feasibility study Financial capability Risk profile Business plan 17 / 50 Company description section of business plan contains the following except? Organizational form Executive summary Location of business The strategy 18 / 50 Which of the following is used in exploiting a business opportunity? Business plan Risk profile Feasibility study Financial capability 19 / 50 ________ is a set of favourable circumstances which create a need for a product. Check 20 / 50 Which of the following is true of entrepreneurship? It is a science It focuses on what can be It is a transformation process It is an art 21 / 50 When an entrepreneur launches a business before opportunity identification, He/She is ____ A&B None of the above Internally stimulated Externally stimulated 22 / 50 Sub-culture implies cultural ____________ Check 23 / 50 One of the following is not a challenge in writing feasibility report? Investigation of ideas Unethical behaviours Paucity of data Pressures from clients 24 / 50 The benefits of entrepreneurship includes the following except _____ Tenacity of income Profit reaping Making a difference Shaping own's destiny 25 / 50 The first function of the manager is ____ Check 26 / 50 The third function of the entrepreneur is the _________ of resources Check 27 / 50 Which of the following is not a quality of opportunity? Consideration Attractiveness Timeliness Durability 28 / 50 Â In choosing a business form, the entrepreneur should consider the following except? Risk profile Financial capability Risk appetite None of the above 29 / 50 Â How many questions are asked in market survey 4 6 2 5 30 / 50 Â All of the following except one is a myth of entrepreneurs except _______ Money motivation They are gamblers They are born and not made None of the above 31 / 50 The law that governs the relationships between individuals in a society is known as ________ Contract Tort law Private law Public law 32 / 50 Which of the following is used in trying to predict changes in the environment Trend analysis Forecasting Benchmarking SWOT analysis 33 / 50 Which of the following is not a source of personal resources in entrepreneurial financing? Savings Trade credits Business Angels Private placements 34 / 50 Which of the following is a part of entrepreneurship? Reasoning Corporate venturing Scanning Initiative 35 / 50 Â Sub -culture is an indication that a society is ________ Homogeneous Heterogeneous United Disunuted 36 / 50 The granting of license to a person to use a name to sell certain products is known as _______ Joint effort Sharing Franchise Partnership 37 / 50 The need for information on entrepreneur performance is known as? Initiative taking Desire for feedback Goal setting Problem solving 38 / 50 Which of the following is erroneously linked to profit organizations? Administration Management Progress Process 39 / 50 When an entrepreneur recognizes a problem and creates a business he said to be Internally ___________ Check 40 / 50 The assumption the entrepreneurial activity is spread over the youth age is known as youth and ____myth Check 41 / 50 A set forces and conditions within the organization boundaries that affect organization is known as _______ Internal environment Remote environment External environment Business 42 / 50 Which of the following is not among the cultural differences among nations identified by Hofstede Uncertainity avoidance Power distance Relativism Individualism/collectivism 43 / 50 An economy in which government controls the production process is known as____ economy Check 44 / 50 Which of the following have a short to medium time orientation? Owner manager Entrepreneur Intrapreneur Manager 45 / 50 Â In a business plan , which section focuses on whether the entrepreneur will reply on patents or licenses Product and services Market analysis Executive summary Propritory position 46 / 50 All of the following except one are tools of environmental analysis SWOT analysis Trend analysis Benchmarking None of the above 47 / 50 The study of population in terms of size and structural characteristics is known as __________ Democracy Demography Technology Populagraphy 48 / 50 The net balance of credits and debits of a nation arising from its international over a period is known as ________ Balance of trade All of the above Balance of payments Balance of receipts 49 / 50 Which of the following is not applicable to the entrepreneur? Self-imposed standards All of the above Formal education Limited formal education 50 / 50 Â Groups which have a regular and direct influence on us are called _________ Family reference group All of the above Secondary referece group Primary reference group Restart quiz Rate this quiz Send feedback
