ENT305 List of Questions
Latex formatted questions may not properly renderQ1 All of the following are opportunities except
Q2 Internal and -------------------------- analysis are used when carrying out a SWOT analysis
Q3 ………………………………., weakness, ……………………….. And threats are the meaning of SWOT
Q4 Which of the following opportunity can increase your profitability?
Q5 SWOT analysis must not be used alone but with your arsenal of planning and ………………………………..tools
Q6 A business owner must achieve Profitability, Efficiency and ------------------.
Q7 All of the following are means to discover business ideas except
Q8 The following are types of threats except
Q9 Team, strategic fit, ………………………………. And resources are types of element of recipe used to turn ideas into tangible opportunities
Q10 Business can be Public or --------------------------.
Q11 An …………………... takes a closer look at the industry and markets where you do business by identifying opportunities and threats.
Q12 What is the meaning of SWOT?
Q13 ………………….helps to sharpen the innate capabilities, understanding, ideas, thoughts and talent of the entrepreneurs
Q14 …………………………are used to compare your abilities with that of your competitors
Q15 The following are the steps involved in carrying an internal analysis except
Q16 An…………………….. is meant to determine where you have an advantage over your competitors, and where you are not as strong.
Q17 ……………………………..is a process by which people exchange information, thoughts and feelings.
Q18 ………………………. is at the core of entrepreneur’s activities.
Q19 A ………………….. is a process that leads to taking of an action.
Q20 A fundamental skill acquirable through entrepreneurship education is …………………………..
Q21 Timber is an example ------------------------------
Q22 The following are factors to consider when carrying out risk assessment except
Q23 Leave, fruits and barks are examples of ----------------------
Q24 Renewable and non-renewable are example of -------------------
Q25 Which of the following is not a type of business opportunity?
Q26 Financial ------------------ is a process of evaluating resources and availability of finances
Q27 A typical -----------------------------involves taking into consideration the factors that can affect the businesss negatively.
Q28 How many types of business opportunities do we have?
Q29 A--------------------is a process of examining the willingness to take risks, time and energy needed to run a business successfully.
Q30 How many buiness opportunity evaluation steps were identifies by Ray?
Q31 Technical competence, system competence and …………………… are demanded from Entrepreneurs.
Q32 Marketing skill, management skill, accounting skill and ………………
Q33 Marketing, Manufacturing, ……………………………… and Organizations are the types of success factor used by an entrepreneur.
Q34 How many categories of expections demanded from entrepreneurs do we have?
Q35 Is the process of pursuing innovative solutions to social problems
Q36 Creative entrepreneurs think in terms of creating opportunities, producing results and ……………………….
Q37 ………………………earn a living by doing paid work for clients, usually charging by the hour, day or project.
Q38 …………………….is the practice of setting up a business or setting yourself up as self-employed in one of the creative industries.
Q39 Creative + Technology =
Q40 Which of the following is not a sector that can be ventured into?
Q41 A----------------------research involves feasibility of a project and to determine viability and ascertain the existence of customers for the products
Q42 A ------------------- is a person or business agent that has an agreement to sell products or services produced by another company.
Q43 Economy health, Competition and ------------------ are factors to consider when carrying out a risk assessment
Q44 ------------------------ is not a good location to site a small scale business venture.
Q45 A -------------------- is small area where a business opportunity is likely to bring profit.
Q46 A -------------------- is an existing business with a solid business Identification and Evaluation of Business Opportunities
Q47 According to Ray (2015) how many steps of business opportunity evaluation do we have?
Q48 According to Shinha (2015), which of the following is not a factor to consider when selecting a product
Q49 What represents the creative process of generating, developing, and communicating new ideas?
Q50 Opportunity identification and selection are like ----------------------------- of business enterprise.
Q51 Obligations of a business includes all except
Q52 The following are good location to site a small scale business venture except
Q53 ------------------------- is a way to increase productivity in a business operation
Q54 ------------------- helps to understand what the market needs and realistically take account of capabilities you have to be able to provide it.
Q55 -------------------- is the process of writing a business plan actually helps develop an idea into an opportunity. It forces you to ask and answer hard questions and explore your options.
Q56 …………………………. Is the planning process that gives you a good idea of the resources that will be required to turn an idea into an opportunity.
Q57 Which of the following is not a source of idea for establishing an enterprise?
Q58 How many sources of idea do we have?
Q59 ---------------------,---------------------,---------------------- and ---------------- are type of elements of recipe used to turn ideas into tangible opportunities.
Q60 How many basic elements of the recipe used to turn ideas into tangible opportunities do we have?
Q61 A promising business idea must have the following except
Q62 ------------------------is a creative problem-solving technique, and also a source for generating ideas.
Q63 The main point for a new business idea should be the ----------------------------.
Q64 All of the following are means to discover business ideas except
Q65 The acceptability and profitability of a business idea hinges largely on how ---------------the idea is.
Q66 --------------------------- is used to find out about an idea’s chances in the market and check its innovative content and feasibility.
Q67 A business ----------------------- is a concept that can be used to make money.
Q68 Opportunity requires all of the following except
Q69 Opportunity may arise from all of the following except
Q70 ---------------------- is an exploitable set of circumstances with uncertain outcome, requiring personal commitment, resources and involving exposure to risk.
Q71 A ----------------------- is just an arrangement whereby the manufacturer or the sole distributor of a trademark, product or service grants exclusive rights for local distribution to independent retailers in return for their payment of conformity and royalties in order to standardize operating procedures.
Q72 All of the following except one are problems facing small business enterprises
Q73 A business owner must achieve -------------------, ------------------- and ------------------.
Q74 ----------------------are the driving forces of a business.
Q75 ---------------------------- is the number of major type of business existing in our economy.
Q76 If Private is to Profit maximization then Public is to ----------------------
Q77 Business can be ---------------------------- and --------------------------.
Q78 ----------------------- defines business as the whole complex field of commerce and industry, the basic industries, processing and manufacturing industries, and the network of ancillary services, distribution banking, insurance, transport, etc, which serve and interpenetrate the world of business farm only.
Q79 What is the major purpose of profit making?
Q80 ------------------can be defined as an institution concerned primarily with the production and marketing of goods and services for the economy.
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