ENT 101 CBT Practice Questions for FUOYE Students(Now Active)

1. Creativity, risk-taking, resilience, and adaptability are regarded as key ___ of entrepreneurs.

2. Willingness to pursue uncertain opportunities demonstrates ___.

3. Everett Hagen viewed an entrepreneur as a _____.

4. Reducing uncertainty in entrepreneurship is achieved through ___.

5. Adjusting easily to change reflects ___.

6. The story linked to the definition of entrepreneurship is the story of _____.

7. Individuals preferring psychological relief through group work are known as _____.

8. Encouraging creativity in the workplace increases ___.

9. Political/legal environment consists of _____.

10. Generating original ideas is central to ___

11. An individual that builds a large company through delegation is a _____.

12. Reviewing business goals periodically reflects the practice of ___.

13. The concept of creative and imaginative thought was introduced by _____.

14. Choose a major mistake young entrepreneurs should avoid:

15. Ability to adjust plans in changing environments shows ___.

16. One role of reflective thinking is to ___ repeated mistakes.

17. NLDB stands for Nigeria Local Development Board formed in _____.

18. Okpara (2000) defined an entrepreneur as a _____.

19. Adapting strategies to new realities shows ___.

20. Questioning the status quo demonstrates the use of ___ thinking.

21. A self-employed individual operating alone or with few employees is a _____

22. Understanding without practical application belongs to the level of ___.

23. The three major forms of entrepreneurial thinking include critical, creative, and ___ thinking.

24. Viewing threats as opportunities describes a _____ environment.

25. Discovering market gaps is driven by ___.

26. Idea generation is not regarded as a form of _____.

27. A major challenge of reflective thinking is ___.

28. The operating cycle of working capital begins and ends with _____.

29. Preference for taking over an existing business defines a _____.

30. Developing unique products gives entrepreneurs a ___ advantage.

31. Select the item that is NOT a component of a feasibility study

32. Learning from past mistakes strengthens ___.

33. Evaluating market trends requires strong ___ skills.

34. Investments that can be undertaken simultaneously are described as _____.

35. Habitual action occurs ___ conscious thought.

36. Reflective thinking involves ___ and analysis of past experiences.

37. The ability to identify marketplace opportunities is known as entrepreneurial thinking ___.

38. The scholar that defined an entrepreneur as one who coordinates scarce resources is _____.

39. Provide the full meaning of the abbreviation SMEs:

40. Generating many possible solutions shows ___.

41. Stepping back to examine root causes reflects ___ thinking.

42. Environment can also be referred to as _____.

43. The deepest level of reflective thinking is ___.

44. The combination of critical, reflective, and creative thinking builds ___ ventures.

45. The habit of continuous learning and self-refinement is called ___.

46. Name the process of creating and running one’s business:

47. Searching for change and exploiting opportunity was emphasized by _____

48. Entrepreneurship was defined as purposeful activity by _____.

49. Buying companies with problems but profit potential describes a _____.

50. Entrepreneurial thinking helps individuals to ___ opportunities.

51. Determine the truth of the statement regarding marketing research linking the consumer to the marketer

52. Identify the individual and the year the concept of entrepreneur was first applied to business:

53. Critical, reflective, and creative thinking together enhance ___.

54. Creative marketing strategies improve ___.

55. Define the term entrepreneur:

56. Define the well-established habit of doing something expertly:

57. Name the term for a new idea, device, or process:

58. Identify a common cause of business failure

59. State the full meaning of the acronym NLBD:

60. Effective management of small businesses requires constant planning and _____.

61. Socio-cultural environment recognizes _____.

62. Select the option that is NOT a function of a feasibility report:

63. Holt (1992) identified idea generation as the first stage of _____.

64. According to Jim Rohn, an enterprising person sees the making of a sculpture from _____.

65. According to Knight, an entrepreneur is a _____.

66. Reviewing past actions in order to improve future decisions reflects ___.

67. An individual heading a family business is a _____.

68. Entrepreneurial thinking encourages a culture of ___.

69. State whether any individual can start a business:

70. Ethical judgment in business is supported by ___.

71. Intellectual Property Right is abbreviated as _____.

72. Working capital represents money required for daily business _____.

73. Making sound business decisions relies heavily on ___.

74. Evaluating information from various sources is central to ___ thinking.

75. Pick the option that does NOT describe a characteristic of an entrepreneur:

76. Meredith et al defined an entrepreneur as one who gathers resources to ensure _____.

77. Ideas generated from business owners’ inventions are considered _____ sources.

78. Comparing alternative courses of action strengthens ___.

79. Select the trait that does NOT belong to an entrepreneur:

80. One key role of critical thinking is the ability to ___ business opportunities.