GST 105 CBT TEST EXAM MODE

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

2.

How did Michael Porter view entrepreneurs?

3. Early Nigerian entrepreneurs relied on:

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

5. Observations can also be classified

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

7. Entrepreneurship and functional education curriculum is :

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

9. Which economist emphasized that entrepreneurship involves resource shifts to increase productivity?

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

11. According to Peter Drucker, entrepreneurship involves which key activity?

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

13.

14.

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

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

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

17. The Nigerian economy is primarily a _________ economy.

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

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

20. NLBD means ____

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

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

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

24. Creativity is:

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

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

27.

28. All of these are concept enterprise except ___

29. The fundamental assumptions of the curriculum of entrepreneurial and functional
education are at the following except:

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

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

32. Modern entrepreneurship in Nigeria began with:

33. What discouraged entrepreneurship development during the colonial era?

34. 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……..

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

36. Early Nigerian entrepreneurship was primarily characterized by:

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

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

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

40.

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

41. What is the primary role of an entrepreneur?

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

43. Below are characteristics of an Entrepreneur except ____

44. How did Israel Kirzner define an entrepreneur?

45. The introduction of formal education during the colonial era

46. Entrepreneurship in Nigeria started when:

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

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

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

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

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

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

53. Which of the following is not a function of the Feasibility Report?

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

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

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

57. The colonial economic system discouraged Nigerian entrepreneurship by:

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

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

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