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

1. Journaling is a practice that supports ___ thinking.

2. Inadequate working capital may result in operating _____.

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

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

5. One role of reflective thinking is to ___ repeated mistakes.

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

7. Generating many possible solutions shows ___.

8. Adjusting easily to change reflects ___.

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

10. Seeking feedback from mentors helps to strengthen ___.

11. Constantly spotting trends and new possibilities shows ___.

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

13. State the full meaning of the acronym NLBD:

14. The scholar that defined an entrepreneur as one who coordinates scarce resources is _____.

15. Emotional influence can ___ critical judgment.

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

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

18. Comparing alternative courses of action strengthens ___.

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

20. Everett Hagen viewed an entrepreneur as a _____.

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

22. Creative thinking involves ___ from conventional patterns.

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

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

25. Adding details to refine business ideas demonstrates ___.

26. Entrepreneurial thinking encourages a culture of ___.

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

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

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

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

31. One major challenge of critical thinking is ___.

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

33. Ethical judgment in business is supported by ___.

34. Generating original ideas is central to ___

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

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

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

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

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

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

41. Evaluating market trends requires strong ___ skills.

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

43. Identify a common cause of business failure

44. Creative marketing strategies improve ___.

45. Habitual action occurs ___ conscious thought.

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

47. Identify the option that is NOT a major type of entrepreneur:

48. Political/legal environment consists of _____.

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

50. Meredith et al defined an entrepreneur as one who gathers resources to ensure _____.

51. Intellectual Property Right is abbreviated as _____.

52. Select the item that is NOT a component of a feasibility study

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

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

55. Understanding without practical application belongs to the level of ___.

56. Overconfidence and confirmation bias are examples of ___.

57. Define the well-established habit of doing something expertly:

58. Viewing threats as opportunities describes a _____ environment.

59. Environment can also be referred to as _____.

60. Holt (1992) identified idea generation as the first stage of _____.

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

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

63. One key role of critical thinking is the ability to ___ business opportunities.

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

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

66. State whether any individual can start a business:

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

68. Reducing uncertainty in entrepreneurship is achieved through ___.

69. NLDB stands for Nigeria Local Development Board formed in _____.

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

71. Define the term entrepreneur:

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

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

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

75. Entrepreneurship was defined as purposeful activity by _____.

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

77. Combining ideas in new ways is known as ___ thinking.

78. Making sound business decisions relies heavily on ___.

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

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