Category: ENT204



1 / 50

________ this is an evaluative phase.

2 / 50

New venture creation is fraught with risk and financing of such ventures is referred to as risk capital.

3 / 50

Entrepreneurs are seen as those with high need for achievement (N-arch), _____________risk takers as well as those with Internal locus of control.

4 / 50

________ involves regularly reviewing mistakes in a non-recriminatory way and establishing guidelines to prevent them from reoccurring.

5 / 50

Christensen and Overdorf maintain that when an organization faces the same sort of problem that its processes and values were designed to address, managing can be straightforward.

6 / 50

Transformational leadership is comprised of ________ basic components.

7 / 50

The cooperative societies sell their products to outsiders only in debts. True of False

8 / 50

Thurley (1979) described the following _________approaches to managing change.

9 / 50

Entrepreneurs often see things in a holistic sense; they can see the big pictur when others see only the parts.

10 / 50

 Entrepreneurs do NOT face uncertain and irregular incomes.

11 / 50

_________ is a process of engendering higher levels of motivation and commitment among followers.

12 / 50

_________ patterns are determined by reinforcing and aversive stimuli present in the societal context, such rewards and punishments not being limited to the child-rearing period entrepreneurial behaviour.

13 / 50

 The ________ cycle provides opportunities for continuous evaluation and improvement.

14 / 50

Because of the hurdles and obstacles that must be overcome, the entrepreneur must be consistently __________________

15 / 50

 ________ is the process of meeting organizational objectives, prevailing societal expectations in the near future, adapting and developing in the intermediate future, and surviving in the distant future.

16 / 50

When risk associated with investment decisions are not properly evaluated, the survival of a firm will be threatened.

17 / 50

One of the reasons entrepreneurs are successful is that they have imagination and can envision ________________scenarios.

18 / 50

Michael Morris points out that the psychology and behavior of the entrepreneur may change as the _______________ evolves.

19 / 50

_________ Quality triology emphasized the roles of quality planning, quality control and quality improvement.

20 / 50

________ is action oriented and ensures that the team will implement agreed solutions and assign accountabilities and responsibilities.

21 / 50

 Entrepreneurship is derived from the _______ term "entreprendre" which means to undertake, to pursue opportunities, to fulfill the needs and wants through innovation and starting businesses.

22 / 50

_________ prescribed fourteen measures to cure the crisis of quality.

23 / 50

Work team offers the potential and prospect for positive growth and development in the area of entrepreneurial development.

24 / 50

________________argued that charismatic leader is constrained neither by tradition nor law and that his/her appeal is the very fact he/she undertakes to break the constraints imposed by established customs and roles in order to bring change.

25 / 50

Which of the following is a Guideline for Effective Team Participation.

26 / 50

“Successful entrepreneurs don’t have failures. They have learning ______________”.

27 / 50

Which of the following is Characteristics of a Well Functioning Work Team.

28 / 50

Some entrepreneur do NOT adjust to the growing business and use their skills to build a company that is strong enough to let the founder be entrepreneurial again.

29 / 50

 _________ sessions focus on which ideas are likely to work and how can they be tested for verification.

30 / 50

Poor investment decisions, dividend policy and other financing decisions affects the ______________of firm.

31 / 50

The life of an entrepreneur is_____________. No one is sating schedules or step-by-step processes for the entrepreneur to follow.

32 / 50

Entrepreneurs often decide to start their own businesses in order to avoid having a boss. True of False

33 / 50

Entrepreneurship involves the creation process-creating something new of value.

34 / 50

Many companies that are started by ____________go out of business few years after their establishment. These companies often fail because of poor Planning.

35 / 50

__________ theory states that changes in attitudes lead to changes in behaviour.

36 / 50

According to__________ the approach to strategic change is characterized a process of artfully blending �??formal analysis, behavioural techniques and power politics to bring about cohesive step-by-step movement towards ends which were initially conceived.

37 / 50

Adam Smith's book titled the "the wealth of nation" was written in _________ year.

38 / 50

Which one of the following is NOT a type of work-team in an organization.

39 / 50

When faced with a growing company, the entrepreneur often makes a conscious decision to limit company growth or even reduce the company size.

40 / 50

Which one of the following is NOT among the 3 factors that affect organizational responses to different changes according to Christensen and Overdorf.

41 / 50

Appropriate commercial sales policies often do not have adverse effects that could lead to debt build up and subsequent liquidity problems. True or False

42 / 50

__________________planning is an essential part of the concept of entrepreneurship and effective application helps to ensure successful operation.

43 / 50

When a company engages in over expansion, short term ____________will be immobilized thereby leading to Corporate failure.

44 / 50

The word entrepreneurship derived from _________ century.

45 / 50

 Which one of the following is NOT among the factors affecting team building.

46 / 50

 Sociological approach does not try to explain the social conditions from which entrepreneur emerge and the social factors that influence their decision to become entrepreneurs.

47 / 50

High production cost can result from over Employment of both human and resources.

48 / 50

Weber identified the positive change that took place in public attitudes towards entrepreneurship after the reformation in the western world and proposed that Protestantism had helped bring about this change.

49 / 50

Which one of the following is NOT an advantage of Entrepreneurship.

50 / 50

________and Innovation are understood as the combination of the concept of entrepreneurship.

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