Category: GST204



1 / 50

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

2 / 50

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

3 / 50

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

4 / 50

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

5 / 50

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

6 / 50

The value created by taking a resource or set of inputs, providing additional inputs or processes that increase the value of those inputs, and thereby generate a product or service that has greater market value at the next level of the value chain is referred to as _________

7 / 50

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

8 / 50

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

9 / 50

_______ theory of entrepreneurship identifies traits, motives and personalities as the major factors that infuse the entrepreneurial spirit in an individual

10 / 50

Entrepreneurs come up with great ideas that lead to creativity and ___________

11 / 50

The functionality of an entrepreneur is based on some established _______

12 / 50

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

13 / 50

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

14 / 50

Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work

15 / 50

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 _______

16 / 50

A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______

17 / 50

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 ___________

18 / 50

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

19 / 50

Business idea arises from an opportunity in the _________

20 / 50

Successful entrepreneurs are good at turning ideas into ____

21 / 50

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.

22 / 50

The conceptual cornerstone in the theory of entrepreneurship lies on __________

23 / 50

Illumination occurs when the idea surfaces as a realistic ________

24 / 50

Which type of innovation is the reconfiguration of an established system to link together components and parts in a new way

25 / 50

A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business

26 / 50

The psychologist view sees an entrepreneur as someone who is being driven by certain forces that are mainly internal, personal attributes and ________

27 / 50

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

28 / 50

The term Entrepreneur seems to have been introduced into Economics by ______

29 / 50

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

30 / 50

Opportunity exploitation refers to activities conducted in order to gain economic returns from the discovery of a potential entrepreneurial ______

31 / 50

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

32 / 50

Individual with an external locus of control believe that life's _______ are the result of external factors, such as chance, luck or fate.

33 / 50

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 _________

34 / 50

(ILO) mean ______________

35 / 50

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

36 / 50

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

37 / 50

_________  as an entrepreneur is someone who is being driven by certain forces that are mainly internal, personal attributes and traits

38 / 50

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

39 / 50

________ 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.

40 / 50

An entrepreneur is a dynamic person who takes calculated _____

41 / 50

The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market Process

42 / 50

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

43 / 50

 An entrepreneur must have good human _____________

44 / 50

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

45 / 50

Which kind of innovation changes the core design of one or more components but does not change the entire product architecture

46 / 50

A technological process is a means to make and improve products and ________

47 / 50

Entrepreneur was first accorded prominence by _________

48 / 50

Risk Taking theory contends about one‘s willingness to accept ____.

49 / 50

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 _________

50 / 50

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

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