GST 105 CBT TEST EXAM MODE

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

2. The introduction of formal education during the colonial era

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

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

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

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

7. Entrepreneurship and functional education curriculum is :

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

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

10.

11.

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

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

13. What is the primary role of an entrepreneur?

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

15. Early Nigerian entrepreneurs relied on:

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

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

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

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

20. Entrepreneurship in Nigeria started when:

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

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

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

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

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

26. Observations can also be classified

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

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

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

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

31. NLBD means ____

32. 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……..

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

34. Early Nigerian entrepreneurship was primarily characterized by:

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

36. All of these are concept enterprise except ___

37. Creativity is:

38. What discouraged entrepreneurship development during the colonial era?

39. Who introduced the concept of intrapreneurs?

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

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

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

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

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

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

46. The colonial economic system discouraged Nigerian entrepreneurship by:

47. Modern entrepreneurship in Nigeria began with:

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

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

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

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

52.

53. How did Israel Kirzner define an entrepreneur?

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

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

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

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

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

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

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