ENT 101 CBT PRACTICE

1. What is the primary role of an entrepreneur?

2. The Nigerian economy is primarily a _________ economy.

3. What discouraged entrepreneurship development during the colonial era?

4.

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

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

6.

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

8. Early Nigerian entrepreneurs relied on:

9.

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

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

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

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

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

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

15.

16.

How did Michael Porter view entrepreneurs?

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

18. NLBD means ____

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

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

21. Below are characteristics of an Entrepreneur except ____

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

23. Can anyone start a business?

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

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

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

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

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

29. The introduction of formal education during the colonial era

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

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

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

33. Modern entrepreneurship in Nigeria began with:

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

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

37. The colonial economic system discouraged Nigerian entrepreneurship by:

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

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

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

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

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

43. Who first used the term "entrepreneur"?

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

45.

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

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

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

49. Who introduced the concept of intrapreneurs?

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

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

52. How did Israel Kirzner define an entrepreneur?

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

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

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

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

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

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

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

60. Entrepreneurship in Nigeria started when: