GST 105 CBT TEST EXAM MODE

1. What discouraged entrepreneurship development during the colonial era?

2. All of these are concept enterprise except ___

3. Entrepreneurship in Nigeria started when:

4. According to Harvard Business School, an entrepreneur is someone who pursues what?

5. Below are characteristics of an Entrepreneur except ____

6. All of these are components of feasibility study except _____

7. Feasibility is a study of technical documents. State true or false.

8. The characteristics of entrepreneurs as risk-bearers, coordinators and organizers,
gap-fillers, leaders, and innovators or creative imitators were listed by……………..

9. Creative process according to Holt (1992) can be classified into:

10. _____ is a new idea, device, or process.

11. ................. is the scientific stage that involves in seemingly quite unscientific procedure of guessing

12. When an entrepreneur directs and controls all organizational activities to ensure
that things are done properly on schedule, he is performing the…….. role.

13. Scholars that have contributed to the topic of entrepreneurial and functional
education include all except

14. Marketing research is the set of process that links the Consumer, Customer and public to the marketer through information. True or false?

15. What did Henry Ford emphasize as the entrepreneur’s role?

16. How did Israel Kirzner define an entrepreneur?

17. Which of the following is not a peculiar problem faced by Nigerian entrepreneurs

18. According to Adams (2005) the following are critical to individual creativity except:

19.

According to Casson and Wadeson, what do entrepreneurs shape through their decisions?

20.

21. Which scholar viewed entrepreneurs as market arbitrageurs identifying opportunities in imperfect markets?

22. According to Frank Knight, entrepreneurs are rewarded for managing:

23. The one who creates a new enterprise in a risky and uncertain environment is
referred to as a (an)……………...

24. __________________ is a system principle governing the appropriate conduct for a person or group

25. The well-established habit of doing something expertly or the habit of doing something well is known as ______________.

26. The term "entrepreneur" originated from which language?

27. Which scholar's definition includes the term "creative destruction"?

28. What does "creative destruction" refer to in entrepreneurship?

29. What is the widely accepted definition of entrepreneurship by Peter Drucker?

30. Who introduced the concept of intrapreneurs?

31. What role do entrepreneurs play according to Ronald Coase?

32. According to Bruce Kirchhoff, what do entrepreneurs significantly contribute to?

33. Howard Stevenson described entrepreneurship as the pursuit of opportunities:

34. NLBD means ____

35. Which scholar views entrepreneurs as decision-makers under uncertainty?

36. The first step in creative process according to Holt (1992) is:

37. The Nigerian economy is primarily a _________ economy.

38. Entrepreneurship and functional education curriculum is :

39. The colonial economic system discouraged Nigerian entrepreneurship by:

40. Who described entrepreneurship as the process of discovering, evaluating, and exploiting opportunities?

41. Early Nigerian entrepreneurs relied on:

42.

43. As an economy matures and its wealth increases, the emphasis on industrial activity
gradually shift toward an expanding service sector that caters to the needs of an
increasingly affluent population and supplies the services normally expected of a
high-income society. This is called……..

44. Which scholar described entrepreneurship as the creation of new organizations?

45. The widely accepted definition of entrepreneurship by Peter Drucker focuses on:

46. ______ was the first to apply the concept of Entrepreneur to business in year _____

47. The non-continuous process of combining resources of time, man, money and
materials to create products, services and ideas is ………..

48. ______ involves the process of creating and running one's business.

49. The concept ‘entrepreneur’ was first coined by……………...

50.

51. _____ is one of the causes of business failure.

52.

53.

What do Shane and Venkataraman identify as a key process in entrepreneurship?

54. Who first used the term "entrepreneur"?

55. Can anyone start a business?

56. The refusal of expatriates to use local entrepreneurs led to:

57. The scholar who first stressed the significance of entrepreneurship for economic
growth is……….

58. Observations can also be classified

59. ____ defines globalization as the process of creating networks of connection among actors in year _______.

60. What does the term "entrepreneur" etymologically mean?