GST 105 CBT TEST EXAM MODE

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

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

3.

How did Michael Porter view entrepreneurs?

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

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

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

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

8. Entrepreneurship in Nigeria started when:

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

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

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

12. What is the primary role of an entrepreneur?

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

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

15. Below are characteristics of an Entrepreneur except ____

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

17. How did Israel Kirzner define an entrepreneur?

18. NLBD means ____

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

20. Early Nigerian entrepreneurs relied on:

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

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

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

24. All of these are concept enterprise except ___

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

26.

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

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

29. The colonial economic system discouraged Nigerian entrepreneurship by:

30.

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

32. Modern entrepreneurship in Nigeria began with:

33. Who first used the term "entrepreneur"?

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

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

36. What does the term "entrepreneur" etymologically mean?

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

38. 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……..

39. The introduction of formal education during the colonial era

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

41. Early Nigerian entrepreneurship was primarily characterized by:

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

43.

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

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

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

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

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

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

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

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

51. Can anyone start a business?

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

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

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

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

56.

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

57. Creativity is:

58. Observations can also be classified

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

60. The Nigerian economy is primarily a _________ economy.