ENT208 TMA

1 Jason Chukwuma Njoku is a British-born Nigerian entrepreneur, film magnate and African start-up investor who founded Iroko TV on his ¬¬¬¬______ attempt at business
 
 
 
 

Q2 How was Bill Gate able to stay the richest man as an entrepreneur till date
 
 
 
 

Q3 Michael Dell as an entrepreneur started building computers and selling them directly to people focussing on what?
 
 
 
 

Q4 Intrigued by the expanding world of computers and gadgetry, Dell purchased an early Apple computer at the age of 15 for the strict purpose of taking it apart to see how it worked. As an entrepreneur, this characteristic is called what?
 
 
 
 

Q5 Oba Otudeko worked in banks for 23 years and slowly but steadily climbed up the ranks. He eventually became the General Manager and acting Chief Executive Officer of the erstwhile Cooperative Bank but never became well known until he established his company called ___
 
 
 
 

Q6 From the story of Michael Dell, organizational leadership is very important in an entrepreneurial firm considering the loss the company suffered?
 
 
 
 

Q7 With Bill Gates acumen for software development and a keen business sense, Gates placed himself as the head of Microsoft, which grossed approximately $2.5 million in 1979. What age was he then?
 
 
 
 

Q8 Larry Ellison is a world class entrepreneur in the Information Technology Industry
 
 
 
 

Q9 Who among the following is not a world class entrepreneur ____
 
 
 
 

Q10 Orji Uzor Kalu on suspension from school, left school, and proceeded to build a business and at the age of 19, Orji Uzor Kalu proceeded to borrow a ____ loan from his mother
 
 
 
 

Q11 Zenith International Bank founded by Jim Ovia was soon packing in customers as one of the new generation banks through the use of _________ and __________
 
 
 
 

Q12 Dr.Cosmos Maduka father died when he was only 4 and this led to his mother being the only one catering for him. At the age of 7 when he was in Primary 3 he was withdrawn from school due to lack of resources so he resorted to _______
 
 
 
 

Q13 Chief Micheal Ade-Ojo of Elizade Group lost his job at CFAO Motors and British Petroleum (BP) to become an independent man and setup his company making him an ____
 
 
 
 

Q14 MRS Holdings Limited at the start had just ____ staff but today has over ____ staff due to entrepreneurship?
 
 
 
 

Q15 What type of risks do entrepreneurs take?
 
 
 
 

Q16 Vanderbilt with his visionary characteristics saw the shift in transportation to ____
 
 
 
 

Q17 How many times should an entrepreneur who is passionate about a business keep trying even when he fails?
 
 
 
 

Q18 Dr.Cosmos Maduka�??s of Coscharis group gift is entrepreneurship. Starting from a meagre capital of _____ naira he has built an unimaginable business empire.
 
 
 
 

Q19 Characteristics of an entrepreneur include the following except ________
 
 
 
 

Q20 Aliko Dangote took interest very early in entrepreneurship and the first funding he got for his business was through ______ from his grandfather
 
 
 
 

Q21 Mark Zuckerberg co-founded the social-networking website Facebook out of his ¬¬¬¬_______
 
 
 
 

Q22 ______ business interest spans over 90 countries and one of his companies account for 11.5% of Hong Kong�??s stock market value.
 
 
 
 

Q23 Bill Gates’s intelligence allowed him to be able to see all sides of the software industry product development and corporate strategy. How important is this for an entrepreneur?
 
 
 
 

Q24 _______ is regarded as one of the richest black people in the world even though his father was a teacher while his mother was a business woman and he today owns Globacom
 
 
 
 

Q25 Zinox Group salvaged the 2006 Voters�?? registration exercise by delivering _____ computer systems to INEC in 3 weeks and it was through Leo Stan Ekeh ingenuity
 
 
 
 

Q26 Bill Gates is a great philantropist who has given a large percentage of his wealth to solving problems in Africa and other continents. True or False
 
 
 
 

Q27 At the age of _____ Micheal Dell purchased an early Apple computer in order to take it apart to see how it worked.
 
 
 
 

Q28 Sir Emeka Offor began his business career as an apprentice to his uncle and in 1994; he formed the Chrome Group, entering into Nigeria�??s oil and gas industry but his success came from his ______ of work
 
 
 
 

Q29 Ten years after its founding, the Buffett Partnership owned by entrepreneur Warren Buffet assets were up more than 1,156% compared to the Dow’s 122.9%. True or Fasle
 
 
 
 

Q30 Even though Mark Zuckerberg left school to develop his passion and produce Facebook, he went back to college to complete his degree in what year?
 
 
 
 

Q31 Dele Fajemirokun has grown to become a renowned entrepreneur and prominent boardroom guru in his own right through _____
 
 
 
 

Q32 JP Morgan is a great example of _______ in the way that he approached the loss of the Niagara Fall power plant contract as he never gave up
 
 
 
 

Q33 Carnegie saw _______ as a new material that would change the building and manufacturing landscape
 
 
 
 

Q34 Chief Micheal Ade Ojo founded ______
 
 
 
 

Q35 Which entrepreneur was sent to a master at Onitsha to be an apprentice when his father could not send him to school, was treated with an iron hand by his trade master but today owns one of the biggest spare part manufacturing companies in Nigeria?
 
 
 
 

Q36 The following are example of Nigerian entrepreneurs except?
 
 
 
 

Q37 Entrepreneurial thinkers and giants refers to individuals who possess the skills and ability to _____
 
 
 
 

Q38 Which of the following are ALL characteristics of an entrepreneur?
 
 
 
 

Q39 An entrepreneur is involved in _________
 
 
 
 

Q40 Aliko Dangote as an entrepreneur and one who believes in diversification has its flagship product as Dangote ________
 
 
 
 

Q41 Nairaland, the largest online forum in Africa was founded by _____ who pursued his programming dream and his love for the internet
 
 
 
 

Q42 ______entrepreneurial strategy was to understand how a company worked – what made it superior to competitors and was predominately interested in a company’s management and leadership as a major factor when deciding to invest
 
 
 
 

Q43 Bill Gate and his partner Paul Allen together as entrepreneurs built the world’s largest software business
 
 
 
 

Q44 ______ started out his company in 2010 with a gift of $250 from his mother and it took him 8 months to make the first deal and his company is now worth more than $6 million in revenue
 
 
 
 

Q45 Jim Ovia�??s explanation for the tremendous success of Zenith was quite simple and it is ____
 
 
 
 

Q46 Vincent Amaechi Obianodo being from a humble background with little to nothing to boast of, he moved to Kano in his teenage years in search of greener pastures. He learnt how to fix punctured tyres and started out as a vulcanizer but today he owns _______
 
 
 
 

Q47 Li Ka Shing business interest spans over ___ number of countries and one of his companies account for 11.5% of Hong Kong�??s stock market value.
 
 
 
 

Q48 Prince Samuel Adedoyin as one of the richest Nigerian entrepreneurs and founder of Doyin group of companies and had to face the usual challenges of been born into a polygamous homes and eventual separation of his parent but he is able to cement his stand in the following industry except?
 
 
 
 

Q49 Leo Stan Ekeh scored another first in 2001 when he set up Zinox Technologies Limited to manufacture _____, Nigeria�??s First Internationally Certified Branded Computers
 
 
 
 

Q50 At _______ years old, Warren Buffet made his first investment, buying three shares of Cities Service Preferred at $38 per share. The stock quickly dropped to only $27, but Buffett held on tenaciously until they reached $40.
 
 
 
 

Q51 Paul Getty of Getty Oil stated that �??You must take risks, both with your own money or with borrowed money. Risk taking is essential to business growth.�?� Is this true?
 
 
 
 

Q52 Zuckerberg was not willing to sell out thereby turning down offers from companies such as Yahoo! and MTV Networks. Instead, he focused on expanding the site, opening up his project to outside developers and adding more features. Was the risk he took worth it?
 
 
 
 

Q53 Orji Uzor Kalu strength as an entrepreneur was in his ability to ______ into many businesses
 
 
 
 

Q54 Folorunsho Alakija (Africa�??s richest woman) involvement in the oil and gas industry, started through _______ she met while was still actively involved in the world of fashion, and they got involved in the business of oil.
 
 
 
 

Q55 Jimoh Ibrahim is one of the wealthiest Nigerians and he has made billions of dollars from numerous investments in the following Industry except?
 
 
 
 

Q56 Axel Fourie founder of iFix which now manufactures mobile phones and exports to 12 African countries start-up capital was how much?
 
 
 
 

Q57 Folorunsho Alakija (Africa�??s richest woman) started her business as an entrepreneur in a ___ bedroom flat in Surulere Lagos
 
 
 
 

Q58 ______ started working at RT Briscoe but later went on to acquire 100% of RT Briscoe in Nigeria, and subsequently acquired more shares, to make his total holdings in Toyota Nigeria Limited, sum up to 74%.
 
 
 
 

Q59 An entrepreneur does all the following except ________
 
 
 
 

Q60 The Obajana cement is also the biggest quoted company in ______ Africa and the only Nigerian company on the Forbes global 2000 companies.
 
 
 
 

Q61 Ray Kroc became president of the McDonald�??s Corporation after he bought out the owners of the company entirely six years into operation by practising which entrepreneurial strategy?
 
 
 
 

Q62 Anna Phosa started her pig farm venture in 2004 in Soweto with about ______ in hand after she bought four pigs with that money and being introduced to pig farming by a close friend.
 
 
 
 

Q63 Successful entrepreneurs found one way or the other to break the opportunity ice to eventually start and grow successful businesses. While larger challenges stand in-line waiting for new entrepreneurs, tenacity of purpose will always win. How true is this?
 
 
 
 

Q64 Dr.Cosmos Maduka started his business from a meagre capital of ____ and today he has built an unimaginable business empire.
 
 
 
 

Q65 _______ understanding of supply and demand extended outside of the classroom as his needing to make money to continue his education (he was paying his own tuition) made him start giving dance lessons which eventually led to him hosting a show and making money
 
 
 
 

Q66 In spite of his wealth, Li Ka Shing has a reputation for living a______ lifestyle, and is known as the billionaire who wears cheap shoes and old watches.
 
 
 
 

Q67 Richard Branson as an entrepreneur believes so much in diversification and that�??s why the Virgin Group holds more than ______ companies
 
 
 
 

Q68 One of Aliko Dangote�??s business strategies for succeeding in the commodity market was to develop a strong ______ network and make the delivery of his goods faster than that of his competitors.
 
 
 
 

Q69 In July 2010, Michael Dell made headlines when he agreed to pay more than ______ in penalties in order to settle charges of accounting fraud that had been filed by the Security and Exchange Commission but as an entrepreneur he did not give up
 
 
 
 

Q70 Fola Adeola and Tayo Aderinokun with his close friend, business partner and long-time confidant conceived the idea that gave birth to ______
 
 
 
 

Q71 Walter Elias “Walt” Disney and his ______ Roy co-founded Walt Disney Productions, which became one of the best-known motion-picture production companies in the world.
 
 
 
 

Q72 Richard Branson struggled in school and dropped out at age 16 to pursue his dream as an entrepreneur, a decision that ultimately lead to the creation of ______
 
 
 
 

Q73 Bill Gates was a voracious reader as a child, spending many hours poring over reference books such as the encyclopaedia and started to showing interest in computer programming even from the age of 13
 
 
 
 

Q74 Chief Micheal Ade-Ojo in 1971 started the company, Elizade Independent Agencies (EIA), with his ____
 
 
 
 

Q75 ________ are those that have the ability to find and pursue a problem and solutions to them.
 
 
 
 

Q76 At the age of _____ Micheal Dell purchased an early Apple computer in order to take it apart to see how it worked.
 
 
 
 

Q77 Chief Michael Ade-Ojo of Elizade motors while at RT Brisco Group in just four months after he sealed a deal with Brisco sold about how many cars
 
 
 
 

Q78 The name of the entrepreneur whose success in the petroleum industry began when he noticed a gap in the process of procuring fuel while working with the Dangote Group is _____
 
 
 
 

Q79 Chief Cletus Ibeto started his business as an entrepreneur with _____
 
 
 
 

Q80 One of Aliko Dangote�??s business strategies for succeeding in the commodity market was to develop a strong ______ network and make the delivery of his goods faster than that of his competitors
 
 
 
 

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