GST 105 CBT TEST EXAM MODE

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

2. What is the primary role of an entrepreneur?

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

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

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

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

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

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

9. NLBD means ____

10. Who first used the term "entrepreneur"?

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

12. The colonial economic system discouraged Nigerian entrepreneurship by:

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

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

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

16. Modern entrepreneurship in Nigeria began with:

17. How did Israel Kirzner define an entrepreneur?

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

19. All of these are concept enterprise except ___

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

21. Below are characteristics of an Entrepreneur except ____

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

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

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

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

26.

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

27.

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

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

30. Observations can also be classified

31.

How did Michael Porter view entrepreneurs?

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

33. The Nigerian economy is primarily a _________ economy.

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

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

36.

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

38. Early Nigerian entrepreneurs relied on:

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

40.

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

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

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

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

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

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

46. Can anyone start a business?

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

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

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

50.

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

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

53. The introduction of formal education during the colonial era

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

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

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

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

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

59. What discouraged entrepreneurship development during the colonial era?

60. 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……..