ENT203 Tma Solutions

ENT203

Question: ______theory is concerned with the use of machines, equipment, and tools for production of goods and rendering services.
Answer: Technological

Question: A theory that focuses on the social links which promote or hinder entrepreneurship is referred to as ________
Answer: network theory

Question: An individual factor of production, with an elasticity larger than labour is known as _____
Answer: Energy

Question: A short-term sources of funds represent ____________________
Answer: current liabilities

Question: According to the Marxian school of thought, labour is protrayed as ________factor of production
Answer: Primary

Question: A type of capital which cannot be possessed by individuals but rather part of the common stock owned by humanity is known as _____
Answer: social capital

Question: A person who provides a business with capital and someone who buys a stock is known as ______
Answer: investor

Question: The factors of production which is subject to network effects and the contrary economic laws is called _____
Answer: Intagible

Question: A process that involves recognizing opportunities in the environment, mobilizing resources to take advantage of such opportunities, to the ultimate consumers and making profit as a reward of risk taking is ____________
Answer: entrepreneurship

Question: The amount of money an initiator has invested into a business is _______
Answer: Financial capital

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