Q1 Entrepreneurship is as old as man
yes
no
indifferent
not applicable
Q2 The sociological enterprise focuses on the ____
social culture
Social context
sociotechnic
sociocultural
Q3 According to the economist, ____ are the major drive for entrepreneurial activities
economic conditions
economic inclination
economic incentives
economic produce
Q4 Entrepreneurs are driven by need to achieve and ____
need to perform
need to excel
need to strategize
need to market
Q5 The connection of risk with entrepreneurship was developed in the ____ century
15th
16th
18th
17th
Q6 Who first accorded the entrepreneur prominence in economics?
Adams Smith
Rotter Julian
JB Says
Ronald Burt
Q7 Entrepreneurial opportunities are found in a ____ if it is structured in a certain way
Connection network
Person�??s network
Risk network
strategic network
Q8 The network theory of entrepreneurship was propounded by ____
Ricardo Thomas
McClelland
Ronald Burt
Thomas Hope
Q9 The innovation theory was first advocated by ____
Adams Smith
Joseph Schumpeter
Rotter Julian
Ronald Burt
Q10 The term entrepreneurship was first used by ____
Alfred Marshall
JB Says
Richard Cantillion
Joseph Schumpeter
Q11 The book �??�??essai sur la nature du commerce en general�??�?? was published by ____
Alfred Marshall
JB Says
Joseph Schumpeter
Richard Cantillion
Q12 The key term of McClelland theory is __________
Risk-taking
innovation
high need for achievement
scacrity
Q13 In the 20th century, the focus of entrepreneurship in economic development was through________
scarcity
innovation
high need for achievement
Risk-taking
Q14 ______ is one of skills are expected to be possessed by an entrepreneur
talking skills
Human skills
upgrading skills
applied skills
Q15 ____are the one who are unhappy with the organization they worked with and decide to start a new venture.
Imitative/Adoptive
minority entrepreneur
first-generation entrepereneur
Discontented entrepreneurs
Q16 ____ are the ones who want to self-actualize themselves, want to achieve something they are capable of, just for the sake of independence and autonomy
discontended
Rational entrepreneur
Self-actualizers
Empirical
Q17 ____ is well informed about the general economic condition and introduces changes which look more radical.
Fabian
Rational entrepreneur
immigrant entrepreneur
accommodative entrepreneur
Q18 ____ is an entrepreneur who hardly introduces anything revolutionary and follows the principle of rule of thumb.
Empirical
irrational entrepreneur
Self-actualizers
Discontented entrepreneurs
Q19 ____ are entrepreneurs that are typically conservative or conventional in their outlook
Fabian
Drone
Imitative/Adoptive
Empirical
Q20 ____ is an entrepreneur who adopts successful innovation introduced by other innovators
ethnic
Fabian
Imitative/Adoptive
women entrepreneur
Q21 _____ entrepreneur is well informed, draws upon the advice and services of experts in his line of business
Challengers
Life-timers
Inventors
Cognitive
Q22 ________ entrepreneurs believe that business is the part and parcel of their life
Challengers
Life-timers
Inventors
Buyers
Q23 _____ and ________ are classification of entrepreneurs on the basis of owners
Old/ Young
Private/Public
Short/Long
Commercial/Industrial
Q24 _____ entrepreneurs refuses to adopt the changes and are laggards.
Fabian
Drone
Rational
Cognitive
Q25 _____ is the one who starts fresh, does not have any family business prior to establishing his new venture
Family business entrepreneurs
First-generation Entrepreneurs
Self-actualizers Entrepreneurs
Immigrant Entrepreneurs
Q26 _____ entrepreneurs have a set of common connections and regular patterns of interaction among people sharing common migration experiences
Minority entrepreneur
Ethnic entrepreneur
Immigrant entrepreneur
Women entrepreneur
Q27 _____ is an individual who recently arrived in a country and starts a business as a means of survival in the country.
Minority entrepreneur
Ethnic entrepreneur
Immigrant entrepreneur
Women entrepreneur
Q28 _____ are entrepreneurs that put their efforts together to build enterprise by pooling together their own resources
Solo operators
Active partners
Inventors
Buyers
Q29 _____ defined entrepreneurship as the creation of a new enterprise
Low and Macmillian
Stevenson and Gumpert
Gartner
Cantillon
Q30 _____ defined entrepreneurship as an attitude, and a way of thinking and learning
Hisrich
Shaw and Chaten
Ronstadt
Jones/Sakong
Q31 ——– was a British economist who recognised an entrepreneur as central to economic theory in 1848
John Stuart Mill
Carl Menger
Jean Baptist Say
Jacques Turgot
Q32 ————– described an entrepreneur as a person who pays a certain price for a product to resale it at an unknown price, thereby making decisions about obtaining and using resources.
Carl Menger
Alfred Marshall
Richard Cantillion
Friedrick Hayek
Q33 ———— identified the role of uncertainty and realized that it is uncertainty that makes the role of an entrepreneur very difficult and tedious.
John Stuart Mill
Carl Menger
Jean Baptist Say
Jacques Turgot
Q34 The following are the contributors to the classical school of entrepreneurship except;
Richard Cantilion
Carl Menger
Alfred Marshall
Friedrick Hayek
Q35 To be an entrepreneur implies a discovery process
yes
no
Partially true
Indifferent
Q36 The human capital entrepreneur theory comprises of two factors which are;
Social and spirit capital
Education and experience
Creativity and Innovation
Knowledge and empowerment
Q37 The access to resources by the founder/originator is an important predictor of opportunity-based entrepreneurship and new venture growth.
yes
no
Partially true
Indifferent
Q38 ——————- included resourcefulness into the opportunity based construct
Stevenson
Ronald Burt
JB Says
Drucker
Q39 Max Weber theory suggests the belief system of Hinduism, Buddhism and Islam does not encourage entrepreneurship
yes
no
Partially true
Indifferent
Q40 —————— theory emphasizes the impact of religion on entrepreneurial development
Exposure theory
Max Weber theory
Ronald Burt�??s theory
Hagen�??s theory
Q41 The following are characteristics of an entrepreneur except;
Highly motivated
Risk tolerance
Visionary
Self-centeredness
Q42 Entrepreneurship is a function of seeing investment and production opportunities and willingness to utilize these resources and to invest in their development.
yes
no
Partially true
Indifferent
Q43 The classification of entrepreneurship based on scale of enterprises are;
Small and large
Small and medium
High and low
Narrow and wide
Q44 _____________ are entrepreneurs who inherit their family business and expand it
Family business entrepreneurs
First-generation Entrepreneurs
Self-actualizers Entrepreneurs
Immigrant Entrepreneurs
Q45 ________________ are individuals who do not have any business ownership experience in past but now, they own an independent business
Novice Entrepreneurs
Habitual Entrepreneurs
Technical Entrepreneurs
User Entrepreneurs
Q46 In the earliest period, Marco-Polo who was an Italian acted as a _________
Undertaker
Adventurer
Go-between
Bearer
Q47 ____________ contends about one�??s willingness to accept risk.
Socialism
Risk-taking
Psychodynamic model
Locus of control
Q48 _____________ focuses on building social relationship and bonds that promotes trust and not opportunism
Life-course
Ethnic identification
Population ecology
Social networks
Q49 __________ identified four social contexts that relates to entrepreneurial opportunities.
Reynolds
Shaver
Mohar
Landstorm
Q50 One of the observations from innovation theory is that it supports the enterprising sprit of the entrepreneur to innovate.
yes
no
Partially true
Indifferent
Q51 The major highlight of Rotter�??s theory is ____________
Capitalism
Locus of control
Risk-taking
Need for achievement
Q52 Entrepreneurship is the creation of new organization which occurs as a context-dependent, social and economic process. This was the highlight of ___________
Thornton
Young
Freeman
Hannah
Q53 The key term of Hoselitz contribution to entrepreneurship is ____________
Low status recognition
Host society
Social minorities
Population of organization
Q54 The major highlight of Weber�??s contribution to entrepreneurship is _____________
Religious concepts
Social roles
Ecological context
Evolutionary approach
Q55 Entrepreneurship development in Nigeria became significant after________ war
World war II
Civil War
World War I
Spiritual War
Q56 Non-innovative personalities are as a result of up-bringing in the traditional authoritarian families
yes
Adventurer
Partially true
Indifferent
Q57 The end of the personality dichotomy is known as _________
Authorian/non-creative dichotomy
Democratic/Creative dichotomy
Non-innovative dichotomy
Innovative dichotomy
Q58 __________ defined an entrepreneur as an individual interested in solving practical and technical problem and is driven by a duty to achieve.
JB Says
Hagen, Everett
McClelland
Ricardo
Q59 The need for achievement theory was introduced by————
Hagen, Everett
David McClelland
Potter Julian
Kets de Vries
Q60 McClelland stressed the importance of middle childhood as the formative period of entrepreneurial attitude.
yes
no
Partially true
Indifferent
Q61 The theory of innovation was introduced in ———- year
1924
1930
1934
1915
Q62 Julian Rotter was the first to introduce ——-in psychological school of entrepreneurship
Need for achievement
Locus of control
Personality trait
Austrian market
Q63 The need for achievement theory was propounded by—————–
Thomas
Cantillion
McClelland
Cochran
Q64 The following are personality trait exhibited by an entrepreneur except
Flexibility
Self-centeredness
Versatility
Enthusiastic
Q65 Personality trait, need for achievement and locus of control are associated with entrepreneurial inclination
yes
no
Partially true
Indifferent
Q66 Taxation policy is one of the economic factors that an encourage or discourage entrepreneurship
yes
no
Partially true
Indifferent
Q67 The entrepreneur is solely responsible for pulling resources, labour, materials and other assets together in order to make their value greater than before—-. This statement is applicable to ——-school of thought
Sociologist
Anthropologist
Economics
Biological
Q68 In the 20th century, the focus of entrepreneurship in economic development was through innovation
yes
no
Partially true
Indifferent
Q69 The evolution of entrepreneurship started in the ———- era
15th century
17th century
20th century
18th century
Q70 The following are the characteristics of an entrepreneur except;
Originator
Risk tolerance
Rich
Vision
Q71 Schumpeter believes that entrepreneurs are primarily motivated by an atavistic will to power
yes
no
Partially true
Indifferent
Q72 The performance of an entrepreneur is dependent upon his ———–towards his occupation
knowledge
Skills
Attitude
Ability
Q73 The entrepreneur represents society�??s model personality. This description was made by;
JB Says
Lilian Giberth
Weber
Cochran
Q74 The phrase �??�??undertaker of a project�??�?? was popularised by ————- in England
J.R Harris
James Stuart Mill
G.F Papanek
J.B Says
Q75 The term �??�??entrepreneur�??�?? was introduced to the school of economics by;
Joyce Meyer
Adams Smith
Cantillion
Benjamin Higgins
Q76 The word �??�??entreprendre�??�?? implies;
Adventurer/ Undertaker
Communicator
Investor
Philanthropist
Q77 There are three views of entrepreneurship
yes
no
Partially true
Indifferent
Q78 Entrepreneurship is a process of creating something new with value by devoting the neccesary time and efforts. This was defined by;
Hisrich
Adam Smith
David Ricardo
Otedola
Q79 Entrepreneurship started as far back as ——————century
16th
20th
14th
18th
Q80 The word �??�??entreprendre�??�?? was coined from———————word
Greek
French
Italian
Nigeria
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