ENT101 Test Questions and Correct Answers
Environmental School of Thought
A school of thought which affect a potential entrepreneur's lifestyle.
Loneliness, Immersion in business, People problems, Need to achieve
These are the sources of entrepreneurial stress.
Gazelle
These enterprises experience at least 20% annual sales growth each year for the period of 5 years
Entrepreneurial Trait School of Thought
School of thoughts which focuses on identifying traits common to successful entrepreneurs like
creativity, determination, and technical knowledge.
Entrepreneurial Persistence
An entrepreneur's choice to continue with an entrepreneurial opportunity regardless of
counterinfluences or other enticing alternative
Entrepreneurial Motivation
The quest for new-venture creation as well as the willingness to sustain that venture
Ethics
Provides the basic rules or parameters for conducting any activity in an "acceptable" manner.
Corridor Principle
, It is a principle where the pathway or opportunities will arise that lead entrepreneur in different
directions
Entrepreneurship
It is an integrated concept that permeates an individual's business in an innovative manner.
to undertake
The word entrepreneur means
False
True or False:
Entrepreneurs Are Extreme Risk Takers (Gamblers)
True
True or False:
Common myth about entrepreneurs is that the only thing they need to succeed in business are
money and luck.
True
True or False:
Fifty percent of new enterprise last between 5-7 years of operation.
True
True or False:
Entrepreneurs make calculated risk decisions.
False
Environmental School of Thought
A school of thought which affect a potential entrepreneur's lifestyle.
Loneliness, Immersion in business, People problems, Need to achieve
These are the sources of entrepreneurial stress.
Gazelle
These enterprises experience at least 20% annual sales growth each year for the period of 5 years
Entrepreneurial Trait School of Thought
School of thoughts which focuses on identifying traits common to successful entrepreneurs like
creativity, determination, and technical knowledge.
Entrepreneurial Persistence
An entrepreneur's choice to continue with an entrepreneurial opportunity regardless of
counterinfluences or other enticing alternative
Entrepreneurial Motivation
The quest for new-venture creation as well as the willingness to sustain that venture
Ethics
Provides the basic rules or parameters for conducting any activity in an "acceptable" manner.
Corridor Principle
, It is a principle where the pathway or opportunities will arise that lead entrepreneur in different
directions
Entrepreneurship
It is an integrated concept that permeates an individual's business in an innovative manner.
to undertake
The word entrepreneur means
False
True or False:
Entrepreneurs Are Extreme Risk Takers (Gamblers)
True
True or False:
Common myth about entrepreneurs is that the only thing they need to succeed in business are
money and luck.
True
True or False:
Fifty percent of new enterprise last between 5-7 years of operation.
True
True or False:
Entrepreneurs make calculated risk decisions.
False
