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GNS 205 CBT
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GNS 205 CBT
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GNS 205 CBT PRACTICE
1-30 QUESTIONS
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Question 1 of 47
1. Question
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Question 2 of 47
2. Question
The non-continuous process of combining resources of time, man, money and materials to create
products, services and ideas is ____________.get material/pastquestion here
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Question 3 of 47
3. Question
The characteristics of entrepreneurs as risk-bearers, coordinators and organizers, gap-fillers,
leaders, and innovators or creative imitators were listed by__________.get material/pastquestion here
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Question 4 of 47
4. Question
The two disciplines where entrepreneurship originated were ________/___________.
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Question 5 of 47
5. Question
The one who creates a new enterprise in a risky and uncertain environment is referred to as a
an_____.get material/pastquestion here
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Question 6 of 47
6. Question
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Question 7 of 47
7. Question
The scholar who first stressed the significance of entrepreneurship for economic growth is_____.
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Question 8 of 47
8. Question
When an entrepreneur directs and controls all organizational activities to ensure that things are
done properly on schedule, he is performing the _______ role.get material/pastquestion here
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Question 9 of 47
9. Question
An Entrepreneur who starts a business with a fresh idea is simply performing a _______ role.
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Question 10 of 47
10. Question
Which one of the following is an important source of idea generation due to their familiarity
with the needs of market?get material/pastquestion here
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Question 11 of 47
11. Question
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Question 12 of 47
12. Question
The first step in creative process according to Holt 1992, is_______.
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Question 13 of 47
13. Question
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Question 14 of 47
14. Question
When innovation brings about a new dominant design and consequently, a new set of core
design concepts embodied in components that are linked together in a new architecture, it is known
as:get material/pastquestion here
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Question 15 of 47
15. Question
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Question 16 of 47
16. Question
When innovation consists of market research, product design, and innovations in advertising and
promotion, it can be said to be:get material/pastquestion here
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Question 17 of 47
17. Question
According to Adams 2005, the following are critical to individual creativity except:
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Question 18 of 47
18. Question
The entrepreneur can assess the internal environment of the business by critically looking at
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Question 19 of 47
19. Question
___________is a written document prepared by an entrepreneur which describes all the
relevant internal and external issues involved in starting a new business venture.get material/pastquestion here
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Question 20 of 47
20. Question
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Question 21 of 47
21. Question
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.get material/pastquestion here
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Question 22 of 47
22. Question
The difference between management and entrepreneurship is that while management is
continuous _______ is non-continuous.get material/pastquestion here
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Question 23 of 47
23. Question
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Question 24 of 47
24. Question
_______ is that person who creates a business enterprise, establishes it, and nurses it to survival
and success.get material/pastquestion here
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Question 25 of 47
25. Question
When the multiplicity of environments become too complex to handle, the international
entrepreneurs often______get material/pastquestion here
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Question 26 of 47
26. Question
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Question 27 of 47
27. Question
The difference in the entrepreneurial and managerial domains has contributed towards an
increase interest in____________get material/pastquestion here
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Question 28 of 47
28. Question
There are _________ routes or paths to entrepreneurial opportunities.
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Question 29 of 47
29. Question
Which of the following allows for criticism in the process generating a business idea?
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Question 30 of 47
30. Question
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Question 31 of 47
31. Question
____________is an exclusionary right that conveys the right to prevent others from copying,
selling, performing, displaying or making derivative versions of a work of authorship.get material/pastquestion here
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Question 32 of 47
32. Question
Which of the following four Ps of marketing according to McCarthy (1975. is odd?
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Question 33 of 47
33. Question
Which one of the following is the fourth step in the entrepreneurial process?
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Question 34 of 47
34. Question
An individual who initiates, creates and manages a new business can be called_______
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Question 35 of 47
35. Question
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Question 36 of 47
36. Question
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Question 37 of 47
37. Question
Where individual skills are collectively integrated into a group, this is known as __
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Question 38 of 47
38. Question
The scanning of the business environment so as to identify the favourable and unfavorable
conditions therein is ………………..get material/pastquestion here
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Question 39 of 47
39. Question
Threats from external environmental factors can come from________.
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Question 40 of 47
40. Question
The essence of scanning the external environment of business is in order to identify
_____________.get material/pastquestion here
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Question 41 of 47
41. Question
The entrepreneur can assess the internal environment of business by critically looking at the
opportunities and threats.get material/pastquestion here
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Question 42 of 47
42. Question
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Question 43 of 47
43. Question
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Question 44 of 47
44. Question
All of the followings are the disadvantages of sole proprietorship except
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Question 45 of 47
45. Question
Partnership formation requires minimum and maximum number of partners respectively
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Question 46 of 47
46. Question
The document that states all the terms of partnership is known as ________.
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Question 47 of 47
47. Question
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