Professional Documents
Culture Documents
A. Production manager
B. CEO
C. Intrapreneur
D. Entrepreneur
ANSWER:D
A. True
B. false
C. Uncertain
D. Ambiguous
ANSWER:B
A. Loan
B. Personal financing
C. Short-term financing
D. Debt financing
ANSWER:D
4. What types of innovation refers to the ability to use new ideas from outside the company_____?
A. Radical Innovation
B. Creative Innovation
C. Technical Innovation
D. Adoptive Innovation
ANSWER:D
5. Which type of financing gives investors ownership position in a business venture __________
A. Commercial Loan
B. Inventory Loans
C. Equity financing
ANSWER: C
A. Product Innovation
B. Revolutionary Innovation
C. Process Innovation
D. Evolutionary Innovation
E. Cultural Innovation
ANSWER:B
7. Venture Capital is not new in Nigeria
A. True
B. False
C. Uncertain
D. Indifference
E. Ambiguous.
ANSWER:B
A. True
B. False
C. Uncertain
D. Indifference
E. Ambiguous
ANSWER:B
A. True
B. False
C. Uncertain
D. Indifference
E. Ambiguous
ANSWER: B
C. Uncertain
D. Indifference
E. Ambiguous
ANSWER :B
B. Economic School of
C. displacement
D. financial
ANSWER:C
A. Money
B. integrity
C. value
D. power
E. Trick
ANSWER:C
13. The biggest problems facing Nigerian enterprises and citizens alike is ________?
A. Tribalism
B. Corruption
C. Lack of national value system
D. indiscipline
E. Blocking
ANSWER:C
14. Ethics refers to the basic rules for conducting any activity in an acceptable manner.
A. True
B. False
C. True/False
D. Ambiguous
ANSWER:A
15. Non Governmental organizations are not obligated to provide consulting services to social
Entrepreneurs
A. True
B. False
C. ambiguous
D. indifference
E. uncertain
ANSWER: B
16. Internal Funding opportunities does not include family and friends assistance
A. True
B. False
C. Uncertain
D. ambiguous
E. indifference
ANSWER: B
A. Creativity
B . New ideas
D. Seeking funds
E. Taking loan
ANSWER:B
18. The vital element of innovation that identifies product designs is called___________?
A. visual design
B. modification
C. analytical planning
E. A and B
ANSWER: C
A. True
B. False
C. ambiguous
D. Indifference
E. uncertain
ANSWER:B
A. Music
B. A need
C. Sports
D. Marketing
ANSWER:B
21. Capital goods falls under what class of technology __________? A. space technology
B. Nuclear technology
C. Hard technology
D. Communication technology
ANSWER:C
A. True
B. False
C. Uncertain
D. Ambiguous
E. indifference
ANSWER:B
23. The number of small and medium Enterprises currently in Africa is _________?
A. 120 million
B. 75 million
C. 80 million
D. 65 million
E. 30 million
ANSWER:D
A. True
B. False
C. Ambiguous
D. Uncertain
E. Indifference
ANSWER:B
25. Which class of entrepreneurs have demonstrated innovative power in the creation of
new
technological products ___________?
A. ordinary entrepreneurs
B. Social entrepreneurs
ANSWER:C
26. Who was the original inventor of automotive engine in the world _____?
A. Mathias Beckley
B. Henry Forbe
C. Jerald Macmillan
D. Henry Ford
ANSWER:D
A. Snigger Corporation
B. Microsoft corporation
C. Apple corporation
D. IBM corporation
ANSWER:D
28. The twin brothers who invented Pistol gun are called _______?
ANSWER:D
29. The great entrepreneur/economist called Joseph Schumpeter is credited the father of
Entrepreneurship.
A. True
B. False
C. Uncertain
D. Indifference
E. Ambiguous
ANSWER:B
A. True
B. False
C. Ambiguous
D. Indifference
E. Uncertain.
ANSWER:B
31. Corporate Nigeria is the largest marketing agent for foreign corporations.
A. True
B. False
C. Uncertain
D. Ambiguous
E. Indifference
ANSWER:A
32. What is the name of the original inventor of airplane in America ________?
A. Jeff Donnell
B. Richard Clinton
C. John Rockefeller
D. Douglas McDonnell
E. John Bull
ANSWER:D
A. True
B. False
C. Ambiguous
D. Uncertain
E. Indifference
ANSWER:B
A. Industry innovation
B. Technological innovation
C. Breakthrough Innovation
D. Radical innovation
ANSWER:D
35. Entrepreneurs are not obligated to pass through the illumination and verification stages
of
creativity on their ideas.
A. True
B. False
C. Ambiguous
D. Uncertain
E. Indifference
ANSWER:A
36. Which school of thought deals with an entrepreneur’s life style _________?
D. Uncertain
E. Indifference.
ANSWER:A
A. True
B. False
C. Ambiguous
D. Uncertain
E. Indifference
ANSWER:A
B. False
C. Uncertain
D. Ambiguous
E. Indifference.
ANSWER:A
A. True
B. False
C. Ambiguous
D. indifference
E. Uncertain
ANSWER:B
40. A trade mark is a mark that serves to distinguish goods or services in the course of
trade.
A. True
B. False
C. Falsehood
D. Uncertain
E. Reliable
ANSWER:A
A. True
B. False
C. Falsehood
D. Uncertain
E. Ambiguous
ANSWER:B
A. True
B. false
C. reliable
D. uncertain
E. Indifference
ANSWER:A
43. Which transportation technology was invented by Nigerian ancestors before the coming
colonial masters ______?
A. Bicycle
B. Motor cycles
C. Cars
D. Canoe
ANSWER:D
A. True
B. False
C. Uncertain
D. Indifference
E. Falsehood
ANSWER:A
45. To become a successful entrepreneur, one must come from a rich family.
A. True
B. False
C. Uncertain
D. Reliable
E. Falsehood.
ANSWER:B
A. Positive
B. Negative
C. Good
D. Bad
E. Encouraging
ANSWER:B
47. Technological development and entrepreneurial opportunities are needed for youth
empowerment.
A. True
B. False
C. Uncertain
D. Fantastic
E. Great
ANSWER:A
A. True
B. False
C. Great
D. reliable
E. Uncertain.
ANSWER:A
A. Tribalism
B. Laziness
C. Inferiority complex
D. Emotional instability
E. Drunkenness
ANSWER:C
A. True
B. False
C. Great
D. uncertain
E. Ambiguous
ANSWER:B
51. Which agency of the government is responsible for registering and regulating business in
Nigeria?
A. Cooperative Societies
B. Corporate Commission
ANSWER:D
52. Intellectual property dispute falls under which legal jurisdiction _____________?
A. Criminal Law
B. Marrtime Law
C. Civil Law
D. Common Law
ANSWER:D
A. True
B. False
C. False hood
D. Not really
ANSWER:A
54. How many categories of works are eligible for copyright __________________?
A. 10
B. 7
C. 6
D. 12
E. 15
ANSWER:C
A. True
B. False
C. Falsehood
D. Unrelated
ANSWER:B
56. The innovative process which refers to the ability to use new ideas from outside an
organization is___________?
A. Creative innovation
B. Process innovation
C. Product innovation
D. Adoptive innovation
ANSWER:D
57. Which type of financing offers an investor ownership position in the venture?
A. Debt financing
C. Equity financing
ANSWER:C
58. After an entrepreneur sis granted a 20 million naira loan to fund his venture, does he have
the right to use part of the money to do burial or go to Dubai with his girlfriend ?
A. Yes
B. No
C. Yes/No
D. May be
E. It depends
ANSWER:B
A. Johnpaul
B. Edward Hayes
C. John Rockifeler
D. Joseph Schumpter
ANSWER:D
A. Computer technology
B. Machinery technology
D. Soft technology
ANSWER:D
A. 58
B. 61
C. 100
D. 150
E. 180
ANSWER:C
A. Invention
B. Modification
C. Innovation
D. Replication
E. All the above
ANSWER:C
63. Unregistered Trademarks may be protected under the common law action of
_____________?
A. Statutory Law
B. Constitutional Law
C. Trade Law
D. Passing off
ANSWER:D
64. The risks of entrepreneurship can be classified into how many categories?
A. 6
B. 2
C. 4
D. 3
E. 7
ANSWER:D
A. Entrepreneurship development
B. National development
C. Human development
D. Economic development
A. Capitalism
B. Phitocrats
C. The people
D. Institutional support
E. State Governor
ANSWER:D
A. Sales persons
B. Market Women
C. Super markets
D. Corporate Nigeria
E. Vendors
ANSWER:D
68. The element of Innovation process that identifies product design is called ___________?
A. Internal design
B. External design
C. Strategic planning
D. Analytical planning
ANSWER:D
B. Partnership
C. Honesty
D. Respect
ANSWER:C
A. Capitalism
B. Sole proprietorship
C. Innovation
ANSWER:C
A. Intrapreneur
B. Capitalist
C. Manager
D. Entrepreneur
E. Engineer
ANSWER:D
72. A dirty environment normally creates _______________?
A. Sickness
B. Frustration
C. Death
D. Poverty
E. Weath
ANSWER:B
A. Funding
B. Investors
C. Industrial design
D. Scientific Progress
ANSWER:D
74. When an entrepreneurs go through the Illumination and verification stages of Creativity,
they become _______?
A. Innovators
B. Industrialists
C. Change manager
D. Inventors
ANSWER:D
75. What type of loan can an entrepreneur obtain for long term financing on a 3-10 years
term___?
A. Personal Loan
B. Character loan
C. Equipment loan
ANSWER:C
76. Companies add new products to the product line inorder to ______________?
A. More money
C. Customer Satisfaction
D. Job creation
ANSWER:B
A. Good
B. Negative
C. Positive
D. Great
ANSWER:B
78. What role does education play in entrepreneurship development?
A. Vital
B. Leadership
C. Negative
D. Positivity
ANSWER:A
A. True
B. False
C. True/False
D. Maybe
ANSWER:B
80. Who is responsible for the creation of the unconducive business environment in Nigeria?
A. Federal government
B. State government
C. Politicians
D. The people
E. Poverty
ANSWER:B
B. False
C. Falsehood
ANSWER:B
A. Australia
B. Britain
C. Ireland
D. France
E. Poland
ANSWER:C
A. British
B. Irish
C. Red Indians
D. French
E. Chinese
ANSWER:C
A. Capitalism
B. Intrapreneurship
C. Entreprenerurship
ANSWER:C
A. Australia
B. Austria
C. America
D. Britain
E. Germany
ANSWR:C
A. Henry Ford
B. Theodore Roosevelt
C. James Scot
D. Bill Gates
ANSWER:D
87. America become a super power nation because of its commitment to ______________?
A. Capitalism
B. Entrepreneurship
C. Intrapreneurship
D. Democracy
E. Technology
ANSWER:E
88. The country that manufactures the Passat car system is __________?
A. Britain
B. America
C. Japan
D. Germany
E. China
ANSWER:D
89. In America, 23 million small and medium enterprises employs more than
_____________percentage of the private workforce?
A. 30%
B. 35%
C. 40%
D. 45%
E. 50%
ANSWER:E
90. In Asia, ___________ percentage of the jobs are created by small medium enterprise
A. 65%
B. 70%
C. 75%
D. 80%
E. 85%
ANSWER:B
91. Why is Nigeria the largest consumer nation of foreign goods ____________?
A. Capitalism
B. Military dictatorship
C. Corruption
ANSWER:D
92. The Federal government is capable of employing the high pyramid of unemployed youths in
Nigeria.
A. True
B. False
C. May be
D. Falsehood
E. True/False
ANSWER:B
93. Prior to 2006, did the Federal government show any interest in entrepreneurship
development in Nigeria?
A. Yes
B. No
C. Yes/No
D. Certainty
ANSWER:B
94. What is the name of the Nigeria President who mandated entrepreneurship Studies as a
compulsory course in the Nigerian University System?
A. Yakubu Gowan
B. Ibrahim Babagida
C. Mohamadu Buhari
D. Olusegun Obasanjo
E. Nnamdi Azikiwe
ANSWER:D
95. The country that manufactures the Volvo car product is ______________________?
A. America
B. France
C. Sweden
D. Austria
E. Germany
ANSWER:C
96. The contact between Nigerians and British entrepreneurs during the colonial era
was________?
A. Cordial
B. Encouraging
C. Enterprising
D. Detrimental
ANSWER:D
A. Positive
B. Negative
ANSWER:B
98. Nigerian Youth’ indiscriminate mutilation of foreign Jeans war is a sign of _________
A. Irresponsibility
C. Rascality
D. Criminality
ANSWER:E
99. ____________refers to the quality of being honest and upright in character
A. Ethics
B. Value
C. Integrity
D. Religious
ANSWER:C
100.To vandalize or destroy infrastructures in tertiary institutions is contrary to the civilized tenets
of entrepreneurship
A. True
B. False
C. True/False
D. Falsehood
ANSWER:A
101. The ability to perceive an entrepreneurial trend is the gate way to ________________?
A. Discover business
B. Failure
C. Success
D. Fame
E. Employment
ANSWER:C
B. Unemployment
C. Investor’s Lapses
D. Business opportunity
ANSWER:D
D. 70 years after the end of the year the work was first published
E. Al the above
ANSWER:D
A. Positive
B. Negative
C. Supportive
D. Ample
E. Amble
ANSWER:B
105. What kind of direction does a strategic plan provides in business ____________?
A. Plutocratic
B. Authoritarian
C. Long-range
D. Short-range
ANSWER:C
A. Experience
B. Dishonesty
C. Craftiness
D. Honesty
ANSWER:D
107. Which social institution in Nigeria does not encourage entrepreneurship development _______?
A. Corporation
B. Trade association
C. Sole proprietorship
D. Religion
ANSWER:D
B. Are intertwine
ANSWER:C
109. The entrepreneur plays what kind of role in the national economy _________________?
A. Crafty
B. Goal oriented
C. Honest
D. Strategic
ANSWER:D
A. Foundation
B. Good CEO
C. Zero corruption
D. Patronage
ANSWER:D
111. ________________ refers to the basic rules for conducting any activity in an acceptable
manner?
A. Socialization
B. Integrity
C. Ethics
D. Culture
E. Religion
ANSWER:C
112. How may brain cell is a social entrepreneur expected to expand in his life time _________?
A. 2.5 million
B. 1 million
C. 3 million
D. 3.5 million
E. 1.7 million
ANSWER:E
A. Good name
B. Education
C. Family
D. Value
E. Money
ANSWER:D
A. Richarde Cantillion
B. Richard Cantillion
C. Richard Cantilion
D. Richard Cantion
E. Richaldo Cantillion
ANSWER:B
A. Hard technology
B. Soft technology
C. Machinery
D. Automotive technology
ANSWER:A
116. The Business external environment is classified into _______________ and ______________
environments?
ANSWER:B
117. Technological innovation occurs more frequently than which type of innovation_____________?
A. Creative innovation
B. Radical innovation
C. Industrial innovation
D. Break through innovation
ANSWER:D
A. Disruptive
B. Process
C. Incremental
D. Radical
ANSWER:D
A. True
B. False
C. Uncertain
D. True/False
E. Uncertain
ANSWER:A
120. The element of the innovation process that provides value to customers is called ___________?
A. Innovation
B. Creativity
C. Commercial application
D. Business policy
E. None of the above
ANSWER:C
121. The Psychological Propensities for male and female entrepreneurs are similar
A. True
B. False
C. Falsehood
D. May be
E. Uncertain
ANSWER:A
122. The ability of an entrepreneur to innovate is thought to relate to innate traits such as ________
and __________?
ANSWER:D
A. Sole proprietors
B. Partnerships
C. Entrepreneurs
D. Intrapreneurs
124. The person who Innovates products to enhance marketability in a corporation is called ______?
A. A Capitalist
B. An entrepreneur
C. An Intrapreneur
D. A Sales person
ANSWER:C
A. USA
B. Britain
C. France
D. Japan
E. Austria
ANSWER:E
A. Car
B. Locomotive engine
C. Tractor
D. Jet
E. Mechanical reaper
ANSWER:E
A. True
B. False
C. True/False
D. Ambiguous
ANSWER:B
A. True
B. Uncertain
C. False
D. Certain
E. Disagree
ANSWER:A
A. Ambiguous
B. Scientific
C. Historical
D. Germaine
A. Protection
B. Innovation
C. Trade mark
D. Invention
ANSWER:D
A. Friendly
B. Erratic
C. Religious
D. Pragmatic
E. Unusual
ANSWER: E
132. Nigerians that existed in ____________ were more entrepreneurial than modern Nigerians?
A. 9000 BC
B. 1800s
C. 17th century
D. 15 century
A. Product design
B. Market value
C. Risk taking
D. Job creation
E. Product process
ANSWER:C
A. Family support
B. Mismanagement
C. Financing
D. Equity
ANSWER:C
135. The tripartite relationship between technology, entrepreneurship and ______________ does not
exist in Nigeria?
A. Money
C. Honesty
D. Corporation
ANSWER:B
136. The search for seed and growth capital falls under which school of thought?
ANSWER:D
A. True
B. Falsehood
C. False
D. Ambiguous
ANSWER:A
A. Funds
B. Building
C. Family support
D. Idea
ANSWER:D
139. Globalization of business operations is now possible due to:
A. Communication
B. Computer
C. Post offices
D. Internal cooperation
ANSWER:B
A. Innovation
B. Invention
C. Inversion
ANSWER:B
A. Equity
B. Commercial loans
C. Venture capital
ANSWER:C
142. In Africa, most people consider technological development as the practical application of science
A. True
B. False
C. Falsehood
D. May be
ANSWER:A
A. True
B. True/False
C. False
D. May be
ANSWER:C
A. False
B. True/False
C. True
D. Uncertain
E. Ambiguous
ANSWER:A
145. How main brain cells are there in the human brain?
A. 12 million
B. 16 million
C. 17 billion
D. 18 billion
E. 20 billion
ANSWER:D
146. ________ is defined as the technique for converting inputs to outputs in achieving a specific
task?
A. Production
B. Industrial design
C. Technology
ANSWER:C
A. True
B. False
C. Falsehood
D. Uncertain
E. Ambiguous
ANSWER:A
148. Agriculture accounts for more than _____________ percentage of non-oil exports?
A. 50%
B. 70%
C. 80%
D. 85%
E. 95%
ANSWER:B
A. Laziness
B. Broken homes
C. Inferiority complex
D. Corruption
E. Lack of training
ANSWER:C
A. Radical innovation
B. Breakthrough
C. Technological innovation
D. Ordinary innovation
ANSWER:D