NOUN CEAGS TMA Questions & Answers: GST204 - Entrepreneurship and Innovation

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Richtubor
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Joined: Mon Aug 21, 2017 8:24 pm
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NOUN CEAGS TMA Questions & Answers: GST204 - Entrepreneurship and Innovation

Postby Richtubor » Wed Jun 19, 2019 3:25 am

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Whatsapp: 08155572788


1. The definition of entrepreneurship holds the promise of…
ANS- Growth, expansion and long term financial gain

2. The most important reason amongst others why people start their own business is
to…
ANS- Survive financially

3. The terms entrepreneur and owner manager is used interchangeably and
describes a person that…
ANS- All statements are incorrect

4. Which of the following is alternatively called corporate venturing?
ANS- Intrapreneurship

5. Entrepreneurship can be defined as…
ANS- The act of initiating, creating, building, expanding and sustaining a venture,
building an entrepreneurial team and gathering the necessary resources to exploit
an opportunity in the marketplace for long-term wealth and capital gain

6. A subsistence entrepreneur is…
ANS- Involved in independent income-generating activities operating as a
small-scale vendor

7. A Micro entrepreneur is….
ANS- A formal-sector entrepreneur with zero to 10 employees

8. A small-scale entrepreneur is ….
ANS- A formal-sector entrepreneur with 11 to 49 employees

9. Entrepreneurial companies are different from small business companies in that
they…
ANS- All of the options

10. Entrepreneurship is about….
ANS- People and knowing what they need, it motivates the entrepreneur to start,
set up and grow a business.



Solutions2tma@gmail.com
Whatsapp: 08155572788



Richtubor
Posts: 640
Joined: Mon Aug 21, 2017 8:24 pm
Contact:

Re: NOUN CEAGS TMA Questions & Answers: GST204 - Entrepreneurship and Innovation

Postby Richtubor » Wed Jun 19, 2019 3:26 am

Solutions2tma@gmail.com
Whatsapp: 08155572788


1. The definition of entrepreneurship holds the promise of…

ANS- Growth, expansion and long term financial gain


2. The most important reason amongst others why people start their own business is to…

ANS- Survive financially


3. The terms entrepreneur and owner manager is used interchangeably and describes a person that…

ANS- All statements are incorrect


4. Which of the following is alternatively called corporate venturing?

ANS- Intrapreneurship


5. Entrepreneurship can be defined as…

ANS- The act of initiating, creating, building, expanding and sustaining a venture, building an entrepreneurial team and gathering the necessary resources to exploit an opportunity in the marketplace for long-term wealth and capital gain


6. A subsistence entrepreneur is…

ANS- Involved in independent income-generating activities operating as a small-scale vendor


7. A Micro entrepreneur is….

ANS- A formal-sector entrepreneur with zero to 10 employees


8. A small-scale entrepreneur is ….

ANS- A formal-sector entrepreneur with 11 to 49 employees


9. Entrepreneurial companies are different from small business companies in that they…

ANS- All of the options


10. Entrepreneurship is about….

ANS- People and knowing what they need, it motivates the entrepreneur to start, set up and grow a business.




Solutions2tma@gmail.com
Whatsapp: 08155572788

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