GST 105 CBT TEST EXAM MODE

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

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

3. What discouraged entrepreneurship development during the colonial era?

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

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

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

7. Early Nigerian entrepreneurs relied on:

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

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

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

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

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

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

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

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

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

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

18. Observations can also be classified

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

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

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

22.

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

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

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

25. Early Nigerian entrepreneurship was primarily characterized by:

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

27. What is the primary role of an entrepreneur?

28.

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

30. Entrepreneurship and functional education curriculum is :

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

32.

33. Can anyone start a business?

34.

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

36.

How did Michael Porter view entrepreneurs?

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

38. The Nigerian economy is primarily a _________ economy.

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

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

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

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

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

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

45.

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

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

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

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

49. Modern entrepreneurship in Nigeria began with:

50. The colonial economic system discouraged Nigerian entrepreneurship by:

51. Below are characteristics of an Entrepreneur except ____

52. Entrepreneurship in Nigeria started when:

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

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

55. The introduction of formal education during the colonial era

56. NLBD means ____

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

58. Who introduced the concept of intrapreneurs?

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

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