Category: ENT203 0 ENT203 1 / 50 All of the following are the broad categories of External forces EXCEPT Competitive forces Technological forces Socioeconomic forces Economic forces 2 / 50 Which of the following plan describes market conditions and strategy related to ________ Operational plan Marketing plan Production plan Financial plan 3 / 50 Â Which one of the following is NOT included in four C's evaluation by lender? Cost Continuity Character Contribution 4 / 50 _________Â is the selling of shares to existing shareholders. Check 5 / 50 Imitation is a problem of Nigerian SMEs. True OR False Check 6 / 50 _________ are otherwise called corporate stocks. Check 7 / 50 Which of the following perspectives should be considered while preparing business plan? It serves as an important tool in obtaining financing. It gives guidance in organizing planning activities It helps determine the viability of the venture in a designated market. All of the above 8 / 50 Another for social entrepreneurship is ____ venturing. Check 9 / 50 The activity which occurs when the new venture is started are called _______ Departure point Motivation Business skills Departure point Goal orientation Business skills Goal orientation 10 / 50 Which one of the following is the first step in the entrepreneurial process? Deciding to become an entrepreneur Growing the entrepreneurial firm Moving from an idea to an entrepreneurial firm Developing successful business ideas 11 / 50 ___________ is required if a company wants to be more flexible in adopting changes. More productivity Technology Contact with customers Management commitment 12 / 50 Inside entrepreneurs that follow the goals of their organizations are known as________ Check 13 / 50 Â The activities which occur when the new venture is started are called ________ Motivation Goal orientation Business skills Departure point 14 / 50 _________ may attract traffic to his/her site by manipulating their site to appear higher on search engine results. Outsourcing Private offering Public offering Bootstrap financing 15 / 50 The situation analysis is ________ A review of where the company has been and considers environmental factors Defining Target Market/Opportunities and Threats. None of the options given Considering Strengths and Weaknesses 16 / 50 Which one of the following is the primary cause of failure in small businesses? Poor location Management mistakes Improper inventory control Poor financial control 17 / 50 To Drucker, an entrepreneur is the only one who always searches for change, responds to it and exploits it as an ________ none of the above. Opportunity production Business 18 / 50 Â The chief motivational factor for __________ entrepreneurs to leave jobs is the frustration of not being allowed to perform at the level of which they are capable. Young Female All of the given options Male 19 / 50 Following are the types of non equity arrangements EXCEPT Direct export Licensing Turnkey projects Management contracts 20 / 50 __________is a social network Check 21 / 50 Â Before developing the pro forma income statement, the entrepreneur should _________ Prepare operating budgets None of the options given Both of the options given (a, b) Capital budgets 22 / 50 The ease in acquiring funds and its cost is known as ____ of financial market development Check 23 / 50 Â Which of the following is NOT included in the opportunity evaluation process? Goals and objectives of customers Length of the opportunity Risks and rewards of opportunity Real and perceived value of opportunity 24 / 50 Which of the followings is NOT followed in brainstorming? Quantity of ideas is required The wilder idea is better The session should be fun, with no on dominating the discussion Criticism is done by the group members 25 / 50 The definition of the entrepreneur as the individual who recognizes opportunities where others sees chaos and confusion was by Kurato and ____ Check 26 / 50 Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete? None of the given options Anatomization New business model Creative destruction 27 / 50 __________Â believes that the sole function of entrepreneur is innovation Check 28 / 50 The Marxian school sees ________ as the most important factor of production Check 29 / 50 _____________ is the reward for capital. Check 30 / 50 Entrepreneurs that collect and sell electronic information are called____________ Check 31 / 50 A group of shares are called___________ Check 32 / 50 Â All of the following are essentials to maintain secrecy, EXCEPT. Discuss business in public places Train employees to refer sensitive questions to one person Provide escorts for all office visitors Use simple security such as locked file cabinets 33 / 50 Â Trade barriers cause ____________ Increase in cost None of the given options Increase in profit Decrease in cost 34 / 50 _________is the social link that promote or hinder entrepreneurship. Check 35 / 50 Which one of the following is NOT the intrapreneurial leadership characteristic? Encourage the team work Persistent Understands environment Not flexible 36 / 50 The financial plan provides a complete picture of ________ All of the options given Where the funds are going How much cash is available? How much and when the funds are coming into the organization 37 / 50 Entrepreneurs should take_________ risks Check 38 / 50 An enterprise is an activity or a project that produces services or _______ product none of the above. production Business 39 / 50 The _______ is an entrepreneur whose business involve high technology Check 40 / 50 Which one of the following is the fourth step in the entrepreneurial process? Moving from an idea to an entrepreneurial firm Deciding to become an entrepreneur Growing the entrepreneurial firm Developing successful business ideas Growing the entrepreneurial firm (D). Moving from an idea to an entrepreneurial firm 41 / 50 One of the difficult decisions ______________ Is about the promotion of the product None of the options given Is about the distribution of the product Is determining the appropriate price for the product 42 / 50 Which one of the following is NOT TRUE about male entrepreneurs? Males often have investors, bank loans, or personal loans in addition to personal Funds Males often have more experience in manufacturing, finance, or technical areas Men are often more confident and less flexible and tolerant Men usually list outside advisors as the least important supporters 43 / 50 The_______ entrepreneur continuously come up with new ideas and start new businesses Check 44 / 50 Recouping is an activity function of venture capitalist True OR False Check 45 / 50 Which of the following is alternatively called corporate venturing? Entrepreneurship Act of stating a new venture Intrapreneurship Act of stating a new venture Offering new products by an existing company 46 / 50 Â Which of the following techniques is an excellent method for initially screening ideas and concepts in addition to generating new ideas? Problem inventory analysis Brain storming Focus group Reverse brainstorming 47 / 50 A good that will benefit a large number of people I the largest possible way is known as________ Check 48 / 50 Classical economists regarded land, labour, capital and entrepreneur as the main factors of _______ none of the above. product production Business 49 / 50 Â Which of the following system is necessary for expansion or elimination of intrapreneurial venture? Training Management Reward Evaluation 50 / 50 Which of the following is an obstacle to going in international business? Trade barriers Protectionist attitudes Mergers Rivalry Restart quiz Rate this quiz Send feedback
