ENT 101 CBT PRACTICE

1. The Nigerian economy is primarily a _________ economy.

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

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

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

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

6.

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

8. Below are characteristics of an Entrepreneur except ____

9. Modern entrepreneurship in Nigeria began with:

10. Entrepreneurship in Nigeria started when:

11.

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

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

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

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

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

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

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

18. Creativity is:

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

20. 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……..

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

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

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

24. How did Israel Kirzner define an entrepreneur?

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

26.

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

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

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

30. The colonial economic system discouraged Nigerian entrepreneurship by:

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

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

33.

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

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

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

37. What is the primary role of an entrepreneur?

38. Early Nigerian entrepreneurship was primarily characterized by:

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

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

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

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

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

44. All of these are concept enterprise except ___

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

46. The introduction of formal education during the colonial era

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

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

49.

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

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

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

52. Who first used the term "entrepreneur"?

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

54. What discouraged entrepreneurship development during the colonial era?

55. Can anyone start a business?

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

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

58.

How did Michael Porter view entrepreneurs?

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

60.