ENT101 Past Questions

ENT101

Personaal resources can be divided in to savings and
Answer: inherited wealth

Another name for task environment is Answer: macro environment

Usually many businesses fail because of the inability of the entrepreneur to gain the support and encouragement of their .
Answer: families and friends.

is the number of live births per thousand of the population in a given year.
Answer: birth rate

The income expected from the business venture must be adequate to meet the .. need for housing, clothing, food, recreation, entertainment etc.
Answer: entrepreneurs

To succeed in the undertaking, the .. must possess the relevant and appropriate experience required to excel in his/her chosen niche.
Answer: entrepreneur

is defined as Ythe sum of knowledge of the means and methods of producing goods and services
Answer: technology

is the study of value and resource allocation, applied to new ventures.
Answer: entrepreneurial finance

Investors consider the management team as the most crucial asset that will determine the company’s growth and help respond to the dynamic nature of the
Answer: environment

Once entrepreneurs develop an idea for a business, the next step is to subject it to a .. analysis/study to determine whether they can transform the idea into a viable business.
Answer: feasibility

Operations managers are example of managers
Answer: middle

is the study of populations both in terms of their overall size and their structural characteristics.
Answer: demography

Business Experience is a fundamental ingredient for the success of any business .
Answer: venture

Finance identifies the capital that will be required to . the business and how it will be used.
Answer: build

The full meaning of CEO is
Answer: chief executive officer

The pains and agony of failure of any business may be avoided by subjecting the business idea to . analysis.
Answer: systematic

European Bank for Reconstruction and Development (EBRD) was inaugurated
Answer: 1991

Factors in the internal environment of business include the following except
Answer: technology

The usefulness of . study can only be appreciated if the techniques of data collection and analysis are objective, valid and reliable.
Answer: feasibility

The .. of a business is possible when an entrepreneur comes up with an idea for a new business concept or approach.
Answer: launching

Personaal resources can be divided in to savings and
Answer: inherited wealth

Another name for task environment is Answer: macro environment

Usually many businesses fail because of the inability of the entrepreneur to gain the support and encouragement of their .
Answer: families and friends.

is the number of live births per thousand of the population in a given year.
Answer: birth rate

The income expected from the business venture must be adequate to meet the .. need for housing, clothing, food, recreation, entertainment etc.
Answer: entrepreneurs

To succeed in the undertaking, the .. must possess the relevant and appropriate experience required to excel in his/her chosen niche.
Answer: entrepreneur

is defined as Ythe sum of knowledge of the means and methods of producing goods and services
Answer: technology

is the study of value and resource allocation, applied to new ventures.
Answer: entrepreneurial finance

Investors consider the management team as the most crucial asset that will determine the company’s growth and help respond to the dynamic nature of the
Answer: environment

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