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1
The key to ___________ entrepreneurship is a continuously expanding and growing mindset.
Successful
2
An entrepreneurial mindset is a set of skills that enable people to identify and make the most __________.
Opportunities
3
Managerial mindset is the art of getting things done through proper (enumerate 5) _______ , ______ , __________ , ___________ , ___________.
Planning, Organizing, Controlling, Staffing, Directing
4
Entrepreneurial thinking is developing new ends using available ___________.
Means
5
entrepreneurial mindset is the process of creating an ________ by taking financial risk.
Innovation
6
A _________ attitude helps an entrepreneur to quickly identify problems and provide timeline solution.
Go-Getter
7
Successful entrepreneurs are known for thinking ________.
Outside The Box
8
Entrepreneurs are motivated by __________ while managers are motivated by ___________ and ___________.
Achievements, Power, Position
9
The "Worldly Philosophers" are great economic thinkers and their common interest is the human drive for __________.
Worldly Wealth
10
The "Invisible Hand" of Adam Smith refers to the _________ that makes the market self-adjusting and self-regulating.
Natural Force
11
The _________ is a metaphor for the unseen forces that move the free market economy.
Invisible Hand
12
The Invisible hand is simply the sum of ________ by economic actors.
Voluntary Activities
13
Malthus in his "Essay on the principle of population" believed that through _______ and _______ the population would be controlled.
Positive Checks, Preventive Checks
14
Saint Simon proposed a new and positive reorganization of society, controlled by the chiefs of industry, with scientist in the role of __________ and advocated ____________.
Priests, State Ownership Of Property
15
The "Iron Law of Wages" of Ricardo states that wages must remain at the _________.
Substinence Level
16
The __________ believe that the major source of wealth is the land.
Physiocracy
17
The early life of Robert Owen resembles a ________ story.
Horatio-Alger
18
Leadership is associated with (enumerate 5) ________ , _________ , ________ , _________ , ____________.
Vision, Creativity, Dynamism, Change, Risk-Taking
19
Forced entrepreneurs are compelled by their __________ backgrounds.
Socio-Economic
20
_____________ entrepreneurs are self-made.
First-Generation
21
___________ take up their entrepreneurial activities at individual level.
Individual Entrepreneurs
22
Agricultural entrepreneurs are involved in _________ and allied activities such as animal husbandry, horticulture, among others.
Agriculture
23
_________ entrepreneurs promote and establish corporate empires.
Corporate
24
-Managers- are visionary
Leaders
25
Individual freedom means that by following individuals --Self-Interest-- an efficient allocation of resources is attained.
True
26
One of the best keep secrets in economics is that there ---is no room--- for the invisible hand.
No Case
27
The capitalists also called "Haute Bourgeoisie" or ----high upper class---- are financial backers of production.
High Middle Class
28
The ----proletariat---- is the so-called working class are the lowly wage earners.
True
29
A very special kind of return according to Ricardo is -----profit-----
Rent
30
Entrepreneurs are people who have the ability to see and evaluate business ----ideas----
True
31
successful -----entrepreneurs---- will foster innovation in the company they work.
Intrapreneurs
32
Entrepreneurs and intrapreneurs are both ----leaders--------.
True
33
entrepreneurship is a ----stationary----- process of creating incremental wealth and impact.
Dynamic
34
---Effective Leaders--- build a climate of trust where people can freely express their ideas and concerns
True
35
---Leadership--- suggest a proactive search for opportunities within a market and the propensity to take risks.
Entrepreneurship
36
----Commitment and determination ---- can be defined as the process of social influence.
Leadership
37
Entrepreneurs are obsessed with ---opportunity----
True
38
----Imitative--- entrepreneurs introduce new combination of factors of production.
Innovative
39
Drone entrepreneurs are very ---traditional, orthodox, and conservative--- in outlook.
True
40
Fabian entrepreneurs ---are not doubtful and skeptics--- in their approach.
Doubtful And Skeptics
41
Imitative entrepreneurs ---adopt and imitate--- innovations and business polices.
True
42
Pure entrepreneurs are guided by the ----profit motive----
True