ENT203


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

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

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

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

Question: According to the Marxian school of thought, labour is protrayed as ________factor of production
Answer: [B] 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: [A] social capital

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

Question: The factors of production which is subject to network effects and the contrary economic laws is called _____
Answer: [A] 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: [B] entrepreneurship

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