An investment in knowledge pays the best interest. Education is the passport to the future, for tomorrow belongs to those who prepare for it today. Education is perhaps one of the most important ingredients to a happy, successful, and constructive life. “Education is for improving the lives of others and for leaving your community and world better than you found it.“ “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.“ “Education is what remains after one has forgotten what one has learned in school. “Democracy cannot succeed unless those who express their choice are prepared to choose wisely. The real safeguard of democracy, therefore, is education.“

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Created on

GST204

Enterpreneurship  and innovation

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

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_________ is the process of having a good idea of the resources that will be required to turn your idea into an opportunity.

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

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

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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.

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

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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 ___________

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

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

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An entrepreneur is a dynamic person who takes calculated

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

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The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurship

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

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 : Entrepreneurship is an activity embarked upon for a specific _____

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Scanning the environment is better and safer method of assessing than jumping Into the_______

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

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________ 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.

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

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The position that individualism is related directly to innovation and entrepreneurship is not __________________

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 An entrepreneur must have good human _____________ 

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__________ defined the entrepreneur as someone who imagines, develops and realizes a vision

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

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: Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________

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Successful entrepreneurs are good at turning ideas into ____

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The ___________ theory of entrepreneurship considers the relationship between economic conditions and incentives to arrive at a risk-reward equation that informs a determination on whether or not to pursue a potential venture

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

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

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

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An entrepreneur must have the competence and proficiency in the knowledge of the _________

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

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: ______ are individuals who identify public problems andapply business acumen to resolve them.

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

Your score is

The average score is 47%

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