GST 105 CBT TEST EXAM MODE

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

2. Programs like the People’s Bank of Nigeria were created to:

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

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

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

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

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

8. All of these are concept enterprise except ___

9. The introduction of formal education during the colonial era

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

11.

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

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

13. Early Nigerian entrepreneurship was primarily characterized by:

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

15. Who defined entrepreneurs as individuals who innovate through "creative destruction"?

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

17. What initiative encouraged self-reliance in Nigeria post-colonial era?

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

19. Observations can also be classified

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

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

22. Below are characteristics of an Entrepreneur except ____

23. All of these are some of Traits of Entrepreneur except ______

24. What is the central element in David McClelland's view of entrepreneurship?

25. According to Jean-Baptiste Say, what is the role of an entrepreneur?

26.

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

28. What does Frank Knight emphasize in his definition of entrepreneurship?

29.

30. The two disciplines where entrepreneurship originated were …… / ……

31. What discouraged entrepreneurship development during the colonial era?

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

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

34.

How did Michael Porter view entrepreneurs?

35. Can anyone start a business?

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

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

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

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

40. From which language does the term "entrepreneur" originate?

41. Modern entrepreneurship in Nigeria began with:

42. The Nigerian economy is primarily a _________ economy.

43. What is the primary role of an entrepreneur?

44. 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……..

45.

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

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

48. Entrepreneurship in Nigeria started when:

49.

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

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

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

52.

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

54. Who first used the term "entrepreneur"?

55. All of these are some of the major types of An Entrepreneur except ______

56. The colonial economic system discouraged Nigerian entrepreneurship by:

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

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

59. Early Nigerian entrepreneurs relied on:

60. Creativity is: