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

1. Reducing uncertainty in entrepreneurship is achieved through ___.

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

3. Adapting strategies to new realities shows ___.

4. Adding details to refine business ideas demonstrates ___.

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

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

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

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

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

10. Long-term business survival depends largely on ___.

11. An entrepreneur that earns capital gain from large assets is a _____.

12. Merriam-Webster (1972) defined an entrepreneur as one who organizes and manages a business for _____.

13. Learning from past mistakes strengthens ___.

14. Overconfidence and confirmation bias are examples of ___.

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

16. Habitual action occurs ___ conscious thought.

17. A major challenge of reflective thinking is ___.

18. Viewing threats as opportunities describes a _____ environment.

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

20. Identify a common cause of business failure

21. Identify the person and year associated with defining globalization as the process of creating networks of connection:

22. Making sound business decisions relies heavily on ___.

23. State the full meaning of the acronym NLBD:

24. Emotional influence can ___ critical judgment.

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

26. Encouraging creativity in the workplace increases ___.

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

28. Entrepreneurial thinking helps individuals to ___ opportunities.

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

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

31. Entrepreneurial thinking is best described as a ___ that opens one to new learning opportunities.

32. Pick the interpersonal skill that is NOT required for entrepreneur success

33. Adjusting easily to change reflects ___.

34. Generating original ideas is central to ___

35. Discovering market gaps is driven by ___.

36. Socio-cultural environment recognizes _____.

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

38. Entrepreneurship was defined as purposeful activity by _____.

39. Seeking feedback from mentors helps to strengthen ___.

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

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

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

43. Enterprise involves two major elements known as _____ and _____.

44. Inadequate working capital may result in operating _____.

45. Cantillon belongs to the _____ school of thought known as _____.

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

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

48. Creative thinking involves ___ from conventional patterns.

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

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

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

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

53. Critical thinking is described as a ___ and self-corrective process.

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

55. Lack of proper planning remains a major cause of business _____.

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

57. Under-pricing is regarded as one of the mistakes of _____.

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

59. Environment can also be referred to as _____.

60. Developing unique products gives entrepreneurs a ___ advantage.

61. Seeing problems as opportunities reflects the principle of ___.

62. Generating many possible solutions shows ___.

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

64. State whether any individual can start a business:

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

66. One major challenge of critical thinking is ___.

67. Journaling is a practice that supports ___ thinking.

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

69. Constantly spotting trends and new possibilities shows ___.

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

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

72. Define the term entrepreneur:

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

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

75. Everett Hagen viewed an entrepreneur as a _____.

76. Evaluating market trends requires strong ___ skills.

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

78. Bouncing back from setbacks is referred to as ___.

79. The deepest level of reflective thinking is ___.

80. Creative marketing strategies improve ___.