INSTURCTION
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1. The word entrepreneurship was derived from a Greek word "entreprende" meaning to undertake.
2. The connection between risk and entrepreneurship was established in the 17th Century.
3. The entrepreneurial process does not include the "entrepreneur".
4. One of the basic rules of Brainstorming is to generate, do not evaluate.
5. A business plan should not be prepared by the entrepreneur but rather by a professional.
6. An entrepreneur is a person driven by certain forces which include the need for achievement and to escape authority of others. This definition was given by
7. Joe is resourceful, quick thinker, and his level of restlessness makes him move from one business to another. Joe could be referred to as ....... entrepreneur.
8. Three reasons why people become entrepreneurs are as follows, except
9. Which of the following is not a characteristic of a successful entrepreneur?
10. Which of the following is not a personality characteristic of entrepreneurs?
11. Mr. Oheneba Gyebi, a fresh graduate from the University of Cape Coast, Ghana, developed the impetus and momentum for entrepreneurship based on the education and the knowledge acquired from his undergraduate programme. Which sociological approach to entrepreneurship is this?
12. Which of the entrepreneurship environment is affected by the taste and preferences of consumers?
13. Which of the following is not part of the reasons for starting your own business as outlined by Birley and Westhead (1994)?
14. If a business starts with no backlog of problems, the business is said to have a
15. According to Hisrich and Peters, which of the following is the largest source for new business idea?
16. Which of the following is not a method of generating new business idea?
17. Which phase of new business venture begins with an idea for the venture and ends when the doors of the venture are opened for business?
18. Mr. John Mensah (a Chartered Accountant) bought 30% shares to become part owner of ReGAS Financial Services, a company owned by two professional accountants. Mr. Mensah can be classified under which options for small business buyers?
19. Which section of a business plan establishes a favourable first impression of the owners and the business, and succeed in securing financing.
20. Which type of franchising can also be referred to as Dealership?
