Q1 the most popular traditional financial institutions are called……………
Cooperative
Esusu
Ajoo
Daily contriution
Q2 the document used for foreign exchange application has ……………..sub heading the form A
8
9
6
7
Q3 what year was the deregulation to regulation continued…………..
1994
1984
1964
1987
Q4 ……………. Is an authorize buyer in charge of buying currencies and travellers
BDA
BDC
BBD
BCD
Q5 which year was the buraeu de change was introduced ……………………………
1984
1989
1986
1987
Q6 SGS was ditched in year …………….
1984
1983
1985
1980
Q7 The year ……… to ……….. Is seen as a period of regulation to deregulation
1960, 1988
1985 1987
1975, 978
1962, 1986
Q8 …………explained that the first attempt at regulating the foreign exchange system in nigeria was in the year ………………….
Eze 1963
Esezobor, 1962
Lambing 1965
Kauchi 1966
Q9 The year………….. Was special because the CBN circular specifiy travel related allowance
1985
1984
1989
1988
Q10 in ……………. The Military government change the colour of Nigeria currency.
1985
1986
1984
1983
Q11 what was the year the pound gave way to nigerian currency ………………..
1974
1986
1973
1985
Q12 The year ……… to ……….. Is seen as a period of regulation to deregulation
1963, 1967
1911, 1912
1962, 1985
1962, 1986
Q13 Morris See entrepreneurs ascreative destruction and make existing ______ obsolete
goods
services
Strategic Planning
products
Q14 ………………………. Which is an informal characteristics stands an entreprenuour out
Capital invest
Decision making
Strategic Planning
Risk taking
Q15 The business consumes the entrepreneur’s life, work is strainous and entails high level stress because of
Business success
fame
productivity
stragegic thinking
Q16 The feeling of being your own boss is very satisfying for …………………………
Businessmen
Employers
entrepreneurs
job creator
Q17 ……………………. discouraged creativity for children, in what year………………….
Lambing 2007
Lambing and Kuehl, 2007
Gutner, 1994
Kuehi, 2006
Q18 ………………………………. See entrepreneurs ascreative destruction and make existing products obsolete
Morris
Sharma
Collins
Dana
Q19 Yearly ……………………..% of the adult population is actively involved in trying to start a new business
ten
six
thre
four
Q20 Reference was made of entrepreneurship as self employment with an…………………return
suffiecent
uncertain
certainty
profit
Q1 The scanning of the business environment so as to identify the favourable and unfavourable conditions therein is ……………………………
SWOT analysis
Externl evaluation
Internal Evaluation
Market analysis
Q2 Entrepreneur can assess the external environment of the business by critically looking at the ……………….
opportunities and strengths
opportunities and threats
opportunties and weaknesses
Weaknesses and threats
Q3 The support systems that facilitate entrepreneurship process listed here are ………………
Seven
Six
Five
Four
Q4 The environment in the borderline between internal and external environment is ……………….
General
Remote
Close
Intermediate
Q5 The environment that recognizes the customs, traditions and value of the community is known as ………………….
Demographic
Socio-cultural
Technology
Historical
Q6 The body of regulations and laws can be classified under the
Political/Legal envioronment
Socio-cultural environment
Technological environment
Demographic environment
Q7 Which of the following question will be answered in a business plan under organisation?
What products or services will you sell?
Who are your potential customers?
How will you promote sales?
Who will manage the business?
Q8 The stage at which group tends to tackle obstacles and conflicts is known as ……………
Forming stage
storming stage
Initial Integration
Total Integration
Q9 The theory that stated that the more activities persons share, the more numerous will be their interaction and the stronger will be their sentiments is……….
Balance theory
George Hanmaus theory
Exchange theory
Propinquity theory
Q10 ………………. Is described as the oneness of the group member .
Cohesiveness of group
Independence of group member
Group Composition
Group Norms
Q11 When a group is created by formal authority of an organization to transform resources inputs into product outputs, such group is known as ……..
Work group
Informal group
Unofficial group
Psychological group
Q12 Two or more people who interact and coordinate their work to accomplish a specific goal can be regarded as ……..
A team
Friends
Allied
None of the above
Q13 Effective teams must possess the following characteristics except …………
team identity
competent team members
mistrust among team members
mutual trust among team members
Q14 Relevant issues in team building include all except ……….
Cohesiveness
Goal Specification
Independence
Interdependent
Q15 A formal team can be found in ………………….
officially designed organizational structure
unofficially designed organizational structure
the previously designed organizational structure
All of the above
Q16 A team with different levels of hierarchy can be regarded as……….
Horizontal team
Vertical team
Special Purpose team
Football team
Q17 One of the major documents of incorporation is …………………..
article of partnership
Partnership agreement
memorandum of association
memorandum of incorporation
Q18 One of the differences between the public and private limited companies is …………………..
the minimum number of owners
the maximum number of owners
limited liability
unlmited liability of owners
Q19 The uniqueness of private limited company is that the investors have …………………..
limited liability
minimum of two person to start the business
shares are publicly subscribed
Restrictions on the transfer of shares
Q20 The general partners have ………………..
limited liability
Unlimited liability
participate in the day to day running of the business
b and c
Q1 If vision is taken away, an organization is said to be in …………….
order
progress
movement
confusion
Q2 ………………….. Is creative, looking to a future of greatness; it keeps the organization as well as individual motivated even if the founders are no longer in existence.
policy
envision future
envisioned vision
future
Q3 ………………….. Is the reason for the organization’s existence, a clear description of the activities of the organization.
core mission
core purpose
core movement
core activities
Q4 The …………………. Was established by the Companies and Allied Matters Act (CAMA) 1990 as a corporate body with perpetual succession and a common seal.
Corporate Affairs Commission
Standards Organisation of Nigeria
National Agency for Food and Drug Administration Control
none of the above
Q5 The …………… environment prescribes acceptable principles and guides in business relationship.
Economic
regulatory/legal
judiciary/executive
political and judicial
Q6 One of the following is not the promotional / supportive roles of Gvernment
Tax holiday
Financial incentive
Infrastructural development
Tax evasion
Q7 ………. Improves customer-touching processes be they marketing communications or consumer transactions
Business Model Innovation
Experiential Innovation
Process Innovation
Marketing Innovation
Q8 ………….. define innovation as the specific instrument of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
Knight (1997)
Zimmerer, Scarborough, and Wilson (2008)
Knight (1977)
Zimmerer, Scarborough, and Wilson (2000)
Q9 The vision 20-20-20 in Nigeria is built on the philosophy of ………. Documents
WANTS
NEEDS
MDG
EFCC
Q10 …………… is the driving force within individuals that propel them to action.
Motivation
Innovation
Occupation
Actualisation
Q11 The document that states all the terms of partnership is known as…………..
Partnership agreement
article of partnership
article of association
a and b
Q12 ……..Partnership formation requires minimum and maximum number of partners respectively
2 and 20
2 and 50
2 and 7
7 and 20
Q13 All of the following are the disadvantages of sole proprietorship except………….
Limited growth
unlimited liability
lack of continuity after the death of promoter
Easy to raise capital
Q14 …….. Is/are the minimum number required to start a sole proprietorship
One
Two
Seven
Twenty
Q15 Which of the following is not an advantage of sole proprietorship?
ownership of all profits
Minimum legal restriction
unlimited liability
Privacy
Q16 The entrepreneur can assess the internal environment of the business by critically looking at ………..
5ps
5s
5w
5t
Q17 The entrepreneur can assess the internal environment of business by critically looking at the opportunies and threats and ……….
opportunities
Threats and opportunities
strength and threats
strengths and weaknesses
Q18 The essence of scanning the external environment of business is in order to identify ……………………..
only strengths
weaknesses
strengths and weaknesses
opportunities and threats
Q19 Opportunites in the political/legal environment could be ………….
favourable government policies
Tax holidays
Great market demand
a and b
Q20 Threats from external environmental factors can come from…………..
Direct Completion
Indirect competitors
Consumers
All of the above
Q1 Financial and plan implementaton strategies are also developed to fast track the ______
policies
policy
strategies
planning
Q2 __________ in learning is enhanced by self-evaluation.
creativity
wisdom
innovation
knowledge
Q3 The Nigerian economy is primarily a _________ economy.
mixed
mono
capital
social
Q4 Enterpreneuship development is an essential core course in tertiary institution_______
wrong
important
assumption
correct
Q5 The macroeconomic framework of NEEDS does not include _________
empoering people
government to create more job
promoting private enterprise
changing the way government does its work.
Q6 The goals of Vision 202020 include all except _______
wealth for all
employment generation
reduce poverty
values orientation
Q7 Scholars that have contributed to the topic of entrepreneurial and functional education include all except __________
asika
obanyan
williams
super
Q8 The gains of entrepreneurial and functional education include all except _______
assisting the workforce to be aware of existing vocations in the job market
helping individual to develop
achieving drems
all is answer
Q9 The fundamental assumptions of the curriculum of entrepreneurial and functional education are at the following except _______
creativity in learning
self-evaluation does not enhance creativity in learning.
creativity
learning
Q10 Entrepreneurship and functional education curriculum is _________
learner-centered
self centred
tutors centred
none
Q11 The Nigerian entrepreneur who created the Eleganza industries is __________
abiola
razak okoya
thomas
rochas
Q12 Non Profit Making Entrepreneurs are also called _______
social entrepreneurs
entreprenuers
entertainment entrepreneurs
event managers
Q13 Obafemi Awolowo built the legacies of the Odu’a Group of companies, the first _____ station in Africa.
television
internet
radio
communication
Q14 In the Eastern Region Micheal Okpara used proceeds from palm _____ and coal to establih the Eastern Nigerian
produce
product
goods
services
Q15 The founder of chisco group is __________
chidi anyaegbu
chiris
mike adenuga
osoba
Q16 One of the major advantages facing typical Nigerian entrepreneurs is the __________
Large market made available by high population
shortage of capital
government policy
resoutces
Q17 The social entrepreneur who is interested in poverty reduction of the less privileged with a foundation to assist-children is ________
wike
rochas okorocha
mike adenuga
ABACHA
Q18 The founder of chisco group is __________
chidi anyaegbu
chiris
mike adenuga
osoba
Q19 The prominent entrepreneur who is visible on food, cement, transportaiton and other related businesses in Nigeria and abroad is ________
otedola
aliko dangote
OBJ
ABACHA
Q20 An entrepreneur who creates a venture to make profit as well as strives to contribute to societal development and regulate positive change can be described as ______
responsible entrepreneur
entreprenuers
managers
suppliers
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