ASSETTUNDE

PRESENT
ENT201PASTQUESTI ONS
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oual
lsuccessi
nyourexams.

1.Whoi st hemanageroff actorsofpr oducti

oninav ent
ure?
A.Product ionmanager
B.CEO
C.Int
rapr eneur
D.Entrepr eneur
E.Alloft heabov e
ANSWER: D
2.Afri
canwomenar emet iculousintapreneursthanwhi tewomen
A.True
B.fal
se
C.Uncer tai n
D.Ambi guous
E.Noneoft heabov e
ANSWER: B
3.Thef i
nanci ngmet hodi nvolvinganinterest-
bearinginstr
umentis___
_____
_____?
A.Loan
B.Personal financi ng
C.Shor t-ter mf inanci ng
D.Debtf i
nanci ng
E.Alloft heabov e
ANSWER: D
4.Whatt y pesofi nnov at i
onr eferstotheabi l
i
tytousenewi deasfr
om outsi
dethe
company _ __ _ _?
A.Radi cal Innov ation
B.Creat i
v eI nnov ation
C.Techni cal Innov ation
D.Adopt i
v eI nnov ation
E.Alloft heabov e
ANSWER: D
5.Whi cht y peoff i
nanci nggi vesinvestorsowner shipposit
ioninabusi
nessventure_
___
___
___
A.Commer cial Loan
B.Invent or yLoans
C.Equi tyf inanci ng
D.Accountr ecei v ablel oans
E.Alltheabov e
ANSWER: C
6.Whi chcat egor yofi nnov ati
oni spracticedinNigeria?
A.ProductI nnov at ion
B.Rev olut i
onar yI nnov at i
on
C.ProcessI nnov ation
D.Evol utionar yI nnov ation
E.Cultural Innov at i
on
ANSWER: B
7.Vent ureCapi tal i
snotnewi nNi geri
a
A.True
B.False
C.Uncer tai n
D.Indi ffer ence
E.Ambi guous.
ANSWER: B
8.DebtCapi taiswidel yusedf orexternalfunding
A.Tr ue
B.Fal se
C.Uncer tain
D.Indi ffer ence
E.Ambi guous
ANSWER: B
9.Rel igionpl ay saposi t
iver ol
einent repreneurshipdev el
opmenti nNigeri
a.
A.Tr ue
B.Fal se
C.Uncer tain
D.Indi ffer ence
E.Ambi guous
ANSWER: B
10.Themacr ov i
ewofsoci alentr
epr eneurshipreferstointernalf
act
ors
A.Tr ueB.Fal se
C.Uncer tain
D.Indi ffer ence
E.Ambi guous
ANSWER: B
11.Whatschool ofthoughtshowcasespol i
ti
caldisplacementasamaj orfactor__
____
____
_?
A.Busi nessSchool oft hought
B.Economi cSchool of
C.displ acement
D.financi al
E.All theabov e
ANSWER: C
12._ __ __ _____ar ethingshel dinhighest eem bysoci ety?
A.Money
B.i
nt egr ity
C.val ue
D.power
E.Trick
ANSWER: C
13.Thebi ggestpr obl emsf aci ngNiger i
anent er
prisesandci ti
zensal
ikeis_ _
__ _
___?
A.Tr i
bal ism
B.Cor r upt ion
C.Lackofnat i
onalval uesy stem
D.indi sci pline
E.Blocki ng
ANSWER: C
14.Et hi csr ef erstothebasi cr ul
esforconduct i
nganyact ivit
yinanacceptablemanner .
A.Tr ue
B.Fal se
C.Tr ue/ False
D.Ambi guous
E.All theabov e
ANSWER: A
15.NonGov ernment al organizati
onsar enotobl igatedtopr ovi
deconsulti
ngser vi
cestosoci
al
Entrepr eneur s
A.Tr ue
B.Fal se
C.ambi guous
D.indi ffer ence
E.uncer tai n
ANSWER: B
16.Int er nal Fundingoppor t
uniti
esdoesnoti ncludef amilyandf ri
endsassist
ance
A.True
B.Fal se
C.Uncer tai n
D.ambi guous
E.i
ndi ff er ence
ANSWER: B
17.Thepr ocessofent r
epr eneurshipbeginswi th____ __
____?
A.Cr eat iv ity
B.Newi deas
C.Exer cisi ng1. 7mi ll
ionbr aincell
s
D.Seeki ngf unds
E.Taki ngl oan
ANSWER: B
18.Thev ital elementofi nnov at
ionthatidentif
iespr oductdesi gnsiscal
led_____
____
__?
A.visual desi gn
B.modi ficat ion
C.anal y tical planning
D.noneoft heabov e
E.AandB
ANSWER: C
19.Or di nar yInnov ationi snotder i
vedf r
om mar ketanalysis
A.True
B.Fal se
C.ambi guous
D.Indi ffer ence
E.uncer tai n
ANSWER: B
20.Whi choft hef oll
owi ngi sanelementofbusi nessoppor t
unity____
___
____?
A.Musi c
B.Aneed
C.Spor ts
D.Mar ket ing
E.All oft heabov e
ANSWER: B
21.Capi t al goodsf all
sunderwhatcl assoftechnol ogy_ _________
?A.spacet echnol
ogy
B.Nucl eart echnol ogy
C.Har dt echnol ogy
D.Communi cat i
ont echnol ogy
E.All theabov e
ANSWER: C
22.Ri char dCant i
ll
iondef inedcapi t
alism asa“ creati
v edestructi
on”
A.True
B.Fal se
C.Uncer tai n
D.Ambi guous
E.i
ndi ff er ence
ANSWER: B
23.Thenumberofsmal landmedi um Enterpri
sescur r
entlyinAf r
icais_
_ _
______?
A.120mi llion
B.75mi llion
C.80mi l
lion
D.65mi l
lion
E.30mi llion
ANSWER: D
24.Technol ogyi spur elyanappl icat
ionofknowl edgegeneratedbyscienti
stsor
scientific
activit
ies.
A.Tr ue
B.Fal se
C.Ambi guous
D.Uncer tain
E.Indif fer ence
ANSWER: B
25.Whi chcl assofent repreneur shav edemonst r
atedinnovati
vepowerinthecreati
on
ofnew
technol ogi cal pr oduct s_ __________?
A.or dinar yent repr eneur s
B.Soci al ent repr eneur s
C.Indust r ycr eat orent repreneur
D.Al ltheabov e
E.noneoft heabov e
ANSWER: C
26.Whowast heor i
gi nal i
nventorofaut omotiveengineinthewor l
d__
_ __
?
A.Mat hi asBeckl ey
B.Henr yFor be
C.Jer al dMacmi llan
D.Henr yFor d
E.Noneoft heabov e
ANSWER: D
27.Whi chCor por at i
oni nventedComput ertechnology___
____
___?
A.Sni ggerCor por ation
B.Mi cr osof tcor por ation
C.Appl ecor por at i
on
D.IBM cor por ation
E.All theabov e
ANSWER: D
28.Thet wi nbr ot her swhoi nv entedPistolgunarecalled____
___?
A.JohnandCl yde
B.Bill andSt rong
C.Jer ryandJones
D.Smi thandWest ern
E.BillyandCl y de
ANSWER: D
29.Thegr eatent repr eneur /economi stcal
ledJosephSchumpet eri
scredit
edthefather
of
Entrepr eneur ship.
A.Tr ue
B.Fal se
C.Uncer tain
D.Indi ffer ence
E.Ambi guous
ANSWER: B
30.Anent repr eneuri sal soasol epr opr
iet
orofhi sbusinessventur
e?
A.Tr ue
B.Fal se
C.Ambi guous
D.Indi ffer ence
E.Uncer tain.
ANSWER: B
31.Cor por ateNi ger iaist helargestmar ket
ingagentf orforeigncor porati
ons.
A.True
B.False
C.Uncer tain
D.Ambi guous
E.Indif
f erence
ANSWER: A
32.Whati st henameoft heor i
ginali
nventorofairplanei nAmer i
ca_ _______?
A.JeffDonnel l
B.Richar dCl inton
C.JohnRockef eller
D.Dougl asMcDonnel l
E.JohnBul l
ANSWER: D
33.Ani nv entori st ypical l
yani nnovator
A.True
B.False
C.Ambi guous
D.Uncer tain
E.Indif
f erence
ANSWER: B
34.Whi cht y
peofi nnov ati
onisrepresentedbyt hef undament alr
e-concept ual
izati
onof
a
Businessv ent ure_ ___ ____?
A.Indust ryi nnov ation
B.Technol ogical innov ati
on
C.Breakt hroughI nnov at i
on
D.Radi cal i
nnov ation
E.Alltheabov e
ANSWER: D
35.Ent repr eneur sar enotobl i
gatedtopasst hrought hei l
lumi nat
ionandv eri
fi
cation
stagesof
creati
vityont heiri deas.
A.True
B.False
C.Ambi guous
D.Uncer tain
E.Indif
f erence
ANSWER: A
36.Whi chschool oft houghtdeal swithanent repreneur ’
slifestyle_ _
_______?
A.Lifest y leschool oft hought
B.Financi alSchool oft houghtC.Soci alSchool ofthought
D.Uncer tain
E.Indif
f erence.
ANSWER: A
37.Suddenchangesi ngov er
nmentpol icyisamaj orsour ceofbusi nessoppor tunit
ies.
A.True
B.False
C.Ambi guous
D.Uncer tain
E.Indif
f erence
ANSWER: A
38.Copy rightasapar tofintel
lectualpr
oper t
ylawi snotapr opr i
etaryright.
A.True
B.False
C.Uncer tain
D.Ambi guous
E.Indiffer ence.
ANSWER: A
39.Ci nemat ographfil
mi snotpr otect edbycopy ri
ghtlaw.
A.True
B.False
C.Ambi guous
D.indi ff
er ence
E.Uncer tain
ANSWER: B
40.At rademar kisamar kt hatservest odistinguishgoodsorserv
icesint hecourseof
tr
ade.
A.True
B.False
C.Fal sehood
D.Uncer t
ain
E.Reliabl e
ANSWER: A
41.Ani nv enti
onisnotpr otectedbyPat entLaw.
A.True
B.False
C.Fal sehood
D.Uncer t
ain
E.Ambi guous
ANSWER: B
42.Ani ndust ri
aldesi
gni sanycombi nat i
onofl i
nesofcoloursorboth
A.True
B.false
C.reliabl e
D.uncer tain
E.Indiffer ence
ANSWER: A
43.Whi cht ransport
ationtechnologywasi nvent edbyNigeri
anancestorsbef or
ethe
comi ng
colonial mast ers______?
A.Bicy cl e
B.Mot orcy cles
C.Car s
D.Canoe
E.Noneoft heabove
ANSWER: D
44.Iscul tureamaj orbarri
ert oentrepr eneurialpracti
ceinNiger
ia____
__ _
?
A.True
B.False
C.Uncer tain
D.Indi fference
E.Falsehood
ANSWER: A
45.Tobecomeasuccessf ul entr
epr eneur ,onemustcomef rom ari
chf ami l
y.
A.True
B.False
C.Uncer tain
D.Rel iable
E.Falsehood.
ANSWER: B
46.Ther ol eofpol i
ticsi nent r
epreneur ialdevel
opmenti nNi geri
ais
A.Posi tive
B.Negat i
v e
C.Good
D.Bad
E.Encour agi ng
ANSWER: B
47.Technol ogicaldev elopmentandent r
epreneuri
aloppor t
uniti
esar eneededf oryout
h
empower ment .
A.True
B.Fal se
C.Uncer tain
D.Fant ast ic
E.Great
ANSWER: A
48.Technol ogyt r
ansf erisnotacompl exandt i
meconsumi ngpr ocess
A.True
B.Fal se
C.Gr eat
D.reliabl e
E.Uncer tai n.
ANSWER: A
49.__ __ ___ _isanegat ivebreederofpov ert
yandl owsel f-
esteem inNigeria?
A.Tribal ism
B.Lazi ness
C.Infer ior i
tycompl ex
D.Emot ional i
nstabili
ty
E.Drunkenness
ANSWER: C
50.Peergr oupi saposi ti
veinfluencei nent r
epreneurial
dev el
opment
A.True
B.Fal se
C.Gr eat
D.uncer tai n
E.Ambi guous
ANSWER: B
51.Whi chagencyoft hegov ernmenti sresponsibleforregist
eri
ngandr egul
atingbusi
ness
i
nNi ger i
a?
A.Cooper ativeSocieties
B.Cor por ateCommi ssion
C.Compani esregistrationagency
D.Cor por at eAf f
air
sCommi ssion
E.Mi nist ryofTr adeandI ndustr y
ANSWER: D
52.Int ellect ualproper tydisputef all
sunderwhi chlegaljuri
sdict
ion_ __
________
_ _
?
A.Crimi nal Law
B.Mar rtimeLaw
C.Civ ilLaw
D.CommonLaw
E.CommonLawandCi v i
lLaw
ANSWER: D
53.Tr ademar ksexclusi vel
yinvolv esintell
ectuali
nput
A.True
B.Fal se
C.Fal sehood
D.Notr eal l
y
E.Noneoft heabov e
ANSWER: A
54.Howmanycat egor iesofwor ksar eel
igibleforcopy right___________
______
_?
A.10
B.7
C.6
D.12
E.15
ANSWER: C
55.Cor por at eNi ger iaisnotamar ketingagentf orforeigncor porati
ons
A.True
B.False
C.Falsehood
D.Unr elat ed
E.Alltheabov e
ANSWER: B
56.Thei nnov ativepr ocesswhichr eferstot heabili
tytousenewi deasf r
om outsidean
organizat ioni s_ _____ _____
?
A.Creat iv ei nnov ation
B.Processi nnov at ion
C.Producti nnov at i
on
D.Adopt ivei nnov ation
E.Alltheabov e
ANSWER: D
57.Whi cht ypeoff inancingof f
er sani nvestorowner shipposi ti
oni nthev ent
ure?
A.Debtf inanci ng
B.Commer cial Loanf i
nancing
C.Equi tyf inanci ng
D.Vent ur eCapi talistf i
nancing
E.Noneoft heabov e
ANSWER: C
58.Af teranent repr eneursi sgranteda20mi l
li
onnai r
al oant ofundhi sventur
e,doeshe
havet her i
ghtt ousepar tofthemoneyt odobur i
alorgot oDubai wi t
hhisgirl
fri
end?
A.Yes
B.No
C.Yes/ No
D.Maybe
E.Itdepends
ANSWER: B
59.___ __ ____ _i scr edi t
edwi tht
heent repreneurialdefi
nitionofcapi tal
ism asacr eat
ive
destruct ion?
A.Johnpaul
B.Edwar dHay es
C.JohnRocki feler
D.JosephSchumpt er
E.Noneoft heabov e
ANSWER: D
60.Mar ket ingt echni quesi nvol
v eswhatcl assoft echnology ?
A.Comput ert echnol ogy
B.Machi ner yt echnol ogy
C.Bluepr i
ntt echnol ogy
D.Sof tt echnol ogy
E.Noneoft heabov e
ANSWER: D
61.Howmanybusi nessoppor tunitieshav ebeeni denti
f i
edi nNigeria?
A.58
B.61
C.100
D.150
E.180
ANSWER: C
62.Theactofmodi fyingapr oducttoenhancemar ketabil
i
tyiscall
ed____
_____
___
?
A.Invent i
on
B.Modi ficat ion
C.Innov at i
on
D.Repl i
cat ion
E.Alltheabov e
ANSWER: C
63.Unr egi ster edTr ademar ksmaybepr otectedundert hecommonl awacti
onof
___
_ ______ __ _?
A.Statut oryLaw
B.Const i
tut ional Law
C.TradeLaw
D.Passi ngof f
E.Noneoft heabov e
ANSWER: D
64.Ther isksofent repreneur shi
pcanbecl assif
iedintohowmanycat egori
es?
A.6
B.2
C.4
D.3
E.7
ANSWER: D
65.Technol ogyi samaj orf actorin____
_ _
_ __
_ __
_____devel
opment ?
A.Ent r
epr eneur shi
pdev elopment
B.Nat i
onal dev elopment
C.Humandev elopment
D.Economi cdev el
opment
E.Noneoft heabov e
ANSWER: D
66._____ __ __ _____isbehi ndt hesuccessofent r
epreneurship?
A.Capi talism
B.Phitocr at s
C.Thepeopl e
D.Instit
ut ional suppor t
E.StateGov ernor
ANSWER: D
67._____ __ __ ____isamar keti
ngagentoff oreignproductsinNi ger
ia?
A.Salesper sons
B.Mar ketWomen
C.Supermar kets
D.Cor por at eNi geria
E.Vendor s
ANSWER: D
68.Theel ementofI nnov ationprocessthatidentif
iesproductdesigniscall
ed___
___
___
__?
A.Internal desi gn
B.External desi gn
C.Strategi cpl anning
D.Anal ytical planning
E.Alltheabov e
ANSWER: D
69.Communi cat i
oni nbusi nessisbuil
tuponwhat ?
A.Trust
B.Partner shi p
C.Honest y
D.Respect
E.Alltheabov e
ANSWER: C
70.Thedi ffer encebet weenanent r
epreneurandabusi nessmani s_ _
_ _
______
____
_?
A.Capi talism
B.Solepr opr ietorship
C.Innov at ion
D.Alltheabov e
E.Noneoft heabov e
ANSWER: C
71.____ ___ __ __i sthemanageroft hefactorsofproduct i
on?
A.Intr
apr eneur
B.Capi talist
C.Manager
D.Entrepr eneur
E.Engineer
ANSWER: D
72.Adi rtyenv i
ronmentnor mallycreates_ _
__ _
_______
_ __
?
A.Sickness
B.Frust ration
C.Deat h
D.Pov er ty
E.Weat h
ANSWER: B
73.Technol ogi cal dev elopmenti snotdependenton_ ________
______
?
A.Fundi ng
B.Invest or s
C.Indust rial desi gn
D.Scient ificPr ogr ess
E.Alltheabov e
ANSWER: D
74.Whenanent repreneur sgot hroughtheI l
luminati
onandv eri
fi
cati
onst agesofCreat
ivi
ty,
theybecome_ ___ _
_ _?
A.Innov at or s
B.Indust rial i
st s
C.Changemanager
D.Invent or s
E.Alltheabov e
ANSWER: D
75.Whatt y peofl oancananent r
epreneurobt ainforl
ongt ermf i
nancingona3- 10year
s
term___ ?
A.Personal Loan
B.Char act erl oan
C.Equi pmentl oan
D.Alltheabov e
E.Alloft heabov e
ANSWER: C
76.Compani esaddnewpr oductstothepr oductli
nei norderto_____
_________
?
A.Mor emoney
B.IncreaseSal eVol ume
C.Cust omerSat isfaction
D.Jobcr eat ion
E.Noneoft heabov e
ANSWER: B
77.Whatr oledoespol i
ti
csplayinentrepreneur
shipdev elopment?
A.Good
B.Negat ive
C.Posi tive
D.Gr eat
E.All theabov e
ANSWER: B
78.Whatr oledoeseducat i
onplayinent r
epreneurshipdev el
opment ?
A.Vi tal
B.Leader shi p
C.Negat ive
D.Posi tivity
E.All theabov e
ANSWER: A
79.Theepi lepticpowersuppl ydoesi sinconsequent i
altoentrepreneurs
A.Tr ue
B.Fal se
C.Tr ue/ False
D.May be
E.Noneoft heabov e
ANSWER: B
80.Whoi sr esponsi bleforthecreati
onoft heunconduci vebusinessenv i
ronmenti
nNi
ger
ia?
A.Feder al gover nment
B.St ategov ernment
C.Pol iticians
D.Thepeopl e
E.Pov er ty
ANSWER: B
81.Capi talmobi li
zati
oni snotabigissuef oranent r
epreneur
A.Tr ue
B.Fal se
C.Fal sehood
D.Al ltheabov e
E.Noneoft heabov e
ANSWER: B
82.Ri char dCant il
li
onwasbor ni
nwhi chCount ry
?
A.Aust r
al i
a
B.Br itain
C.Ireland
D.Fr ance
E.Pol and
ANSWER: C
83.Theor iginalindigenesofAmer i
caare_ __
____
___ _
_______?
A.Br itish
B.Iri
sh
C.RedI ndi ans
D.Fr ench
E.Chi nese
ANSWER: C
84.Whi checonomi ctheorytr
ansformedAmer i
cai nt
oani ndustri
alizednati
on?
A.Capi tal i
sm
B.Intrapr eneur ship
C.Ent r epr ener urship
D.Al ltheabov e
E.Noneoft heabov e
ANSWER: C
85.Henr yFor dwasbor ni nwhi chcount ry?
A.Aust ralia
B.Aust ria
C.Amer ica
D.Brit
ai n
E.Germany
ANSWR: C
86.Whoi sthef ounderandCEOofMi crosoftComput erSy st
em/
A.Henr yFor d
B.Theodor eRoosev elt
C.JamesScot
D.BillGat es
E.Noneoft heabov e
ANSWER: D
87.Amer i
cabecomeasuperpowernat i
onbecauseofi tscommi tmentto_____
_ _
_ _
____
_?
A.Capi talism
B.Entrepr eneur ship
C.Intr
apr eneur shi p
D.Democr acy
E.Technol ogy
ANSWER: E
88.Thecount ryt hatmanuf actur
est hePassatcarsyst em is__ _
____
___?
A.Brit
ai n
B.Amer ica
C.Japan
D.Germany
E.China
ANSWER: D
89.InAmer ica, 23mi ll
ionsmal landmedi um enterpr
isesempl oysmorethan
______
_ __ ____per cent ageoft heprivatewor kf
orce?
A.30%
B.35%
C.40%
D.45%
E.50%
ANSWER: E
90.InAsi a,___ ___ __
__ _per centageoft hejobsarecreat edbysmal lmedium enterpri
se
A.65%
B.70%
C.75%
D.80%
E.85%
ANSWER: B
91.Whyi sNi ger iathel ar
gestconsumernat i
onofforeigngoods_ __
____
____
_ ?
A.Capi talism
B.Mi l
i
t arydi ctat orship
C.Cor rupt i
on
D.Failuret odev elopent repr eneurshipmindset
E.Alltheabov e
ANSWER: D
92.TheFeder algov er nmenti scapableofempl oyi
ngt hehi ghpy r
amidofunempl oyed
youthsi nNi ger ia.
A.True
B.False
C.Maybe
D.Falsehood
E.True/ False
ANSWER: B
93.Pr i
ort o2006, didt heFeder al governmentshowanyi nteresti
nent r
epreneurship
developmenti nNi geria?
A.Yes
B.No
C.Yes/ No
D.Cer tainty
E.Noneoft heabov e
ANSWER: B
94.Whati st henameoft heNi ger iaPresidentwhomandat edent r
epreneurshipStudiesasa
compul sorycour sei nt heNi gerianUni versitySystem?
A.YakubuGowan
B.Ibrahi m Babagi da
C.MohamaduBuhar i
D.OlusegunObasanj o
E.Nnamdi Azi kiwe
ANSWER: D
95.Thecount ryt hatmanuf actur estheVol v
ocarpr oducti s_______
__________
_____?
A.Amer ica
B.France
C.Sweden
D.Aust r
ia
E.Ger many
ANSWER: C
96.Thecont actbet weenNi ger i
ansandBr it
ishentrepreneursdur i
ngthecol oni
alera
was_ __ _____?
A.Cor dial
B.Encour aging
C.Ent erprising
D.Det riment al
E.Alltheabov e
ANSWER: D
97.Whatki ndofi nfluencedoespeergr ouphav eonEt hics?
A.Posi tive
B.Negat ive
C.Uni tyamongy out hs
D.Allt heabov e
E.Noneoft heabov e
ANSWER: B
98.Ni ger i
anYout h’indiscri
mi nat emut ilat
ionoff orei
gnJeanswari sasi gnof_ _
_ _
_____
A.Irr
esponsi bilit
y
B.Lackofent repr eneur ialmi ndset
C.Rascal i
ty
D.Crimi nality
E.Alltheabov e
ANSWER: E
99.___ _____ __
_ _referst othequal i
tyofbei nghonestandupr ightincharacter
A.Ethics
B.Value
C.Integr it
y
D.Religi ous
E.Alltheabov e
ANSWER: C
100.Tov andal izeordest r
oyi nfrastructuresinterti
aryinstit
utionsiscontrarytothecivi
li
zed
tenet
sofent repreneur ship
A.True
B.False
C.True/ Fal se
D.Falsehood
E.Alltheabov e
ANSWER: A
101.Theabi litytoper ceiveanent repreneur i
altr
endi st hegatewayt o_ _
_ __
_____
_ _
____?
A.Discov erbusi ness
B.Fail
ur e
C.Success
D.Fame
E.Empl oyment
ANSWER: C
102.Suddenchangesi ngov ernmentpol i
cyisamaj orsour ceof_ _______
_ __
_____
_ _
_____
_?
A.Recessi on
B.Unempl oy ment
C.Invest or’sLapses
D.Busi nessoppor tunity
E.Alltheabov e
ANSWER: D
103.Copy r
ightwor kinnat ional gov ernment sandi nternati
onal bodieslapses
A.After50y ear soft het enur eoft hegov ernment
B.Aftert het enur eofasi ttingpresi dent
C.After60y ear sf rom t hei nit
iat
edat e
D.70y ear saf t
ertheendoft hey eart hewor kwasf i
rstpublished
E.Altheabov e
ANSWER: D
104.Whatr ol edoest r
ibal cultur
epl ayinent repreneurshipdev elopment ______
_______
____?
A.Posi tive
B.Negat i
v e
C.Suppor tive
D.Ampl e
E.Ambl e
ANSWER: B
105.Whatki ndofdi rectiondoesast rategi
cpl anpr ovi
desi nbusi ness_ _
_ __
_____
_ _
?
A.Plutocr at i
c
B.Author itar ian
C.Long- r
ange
D.Shor t-range
E.Noneoft heabov e
ANSWER: C
106.Communi cationi nbusi nessmustbebui lton_ _______
_ __
__?
A.Exper i
ence
B.Dishonest y
C.Craf ti
ness
D.Honest y
E.Alltheabov e
ANSWER: D
107.Whi chsoci al instituti
oni nNi geriadoesnotencour ageent r
epr eneurshi
pdev el
opment
_____
__ ?
A.Cor por ation
B.Tradeassoci ation
C.Solepr opr ietorship
D.Religion
E.Alltheabov e
ANSWER: D
108.Ownerandaut horship:
A.Aret hesame
B.Arei nt ertwi ne
C.Arenott hesame
D.Mayr elatet oget her
E.Alltheabov e
ANSWER: C
109.Theent repr eneurpl ayswhatkindofr oleinthenat i
onal economy_ __
_____
____
____
_?
A.Craf ty
B.Goal or i
ent ed
C.Honest
D.Strat egic
E.Alltheabov e
ANSWER: D
110.Forabusi nesst obesuccessful,i
tmusthav egood_ ______
__?
A.Foundat i
on
B.GoodCEO
C.Zer ocor rupt ion
D.Pat ronage
E.Noneoft heabov e
ANSWER: D
111._ __ ______ __ _____referstot
hebasi crulesforconduct inganyactiv
ityinanaccept
able
manner ?
A.Soci al i
zat i
on
B.Integr ity
C.Ethics
D.Cul tur e
E.Religion
ANSWER: C
112.Howmaybr aincel li
sasoci alentr
epreneurexpect edt oexpandinhisli
feti
me_ _
______
_?
A.2.5mi l
li
on
B.1mi lli
on
C.3mi lli
on
D.3.5mi ll
i
on
E.1.7mi l
li
on
ANSWER: E
113._ __ ______ __ _ar ethingsheldinhighest eem bysoci ety?
A.Goodname
B.Educat i
on
C.Fami ly
D.Val ue
E.Money
ANSWER: D
114.Thef atherofent repreneur
shipis____________
__ _
___ _
____?
A.Richar deCant ill
i
on
B.Richar dCant i
ll
ion
C.Richar dCant i
lion
D.Richar dCant i
on
E.Richal doCant i
lli
on
ANSWER: B
115.Capi t
al goodsf all
sunderwhatcl assoft echnology_ _____
_____
____?
A.Har dt echnol ogy
B.Sof tt echnol ogy
C.Machi nery
D.Aut omot ivet echnol ogy
E.All theabov e
ANSWER: A
116.TheBusi nessext ernal env ir
onmenti sclassifi
edi nt
o_ _____ _
_ ____
___and_ _
_____
___
____
envir
onment s?
A.Mi cr oandMacr o
B.TaskandMacr o
C.Taskandext er nal
D.Mi cr oandi nter nal
E.All theabov e
ANSWER: B
117.Technol ogi cal innov at i
onoccur smor efrequentlythanwhi cht ypeof
i
nnov at ion_ _ _____ ___ ___ ?
A.Cr eat ivei nnov at i
on
B.Radi cal innov at ion
C.Indust ri
al i
nnov at i
on
D.Breakt hr oughi nnov ation
E.Noneoft heabov e
ANSWER: D
118.Whi cht ypeofi nnov ationi srepresentedbyt hefundament al re-
conceptual
izat
ionofa
business_ _ ?
A.Disr upt ive
B.Process
C.Incr ement al
D.Radi cal
E.Noneoft heabov e
ANSWER: D
119.Admi ni strat i
v ei nnov ationinv ol
veor gani
zationalstructure
A.True
B.Fal se
C.Uncer tai n
D.True/ Fal se
E.Uncer tain
ANSWER: A
120.Theel ementoft hei nnov ati
onpr ocessthatpr ovi
desv aluet ocust omersiscall
ed
___
_ ___ ____ ?
A.Innov ation
B.Creat i
v i
ty
C.Commer cial appl icat i
on
D.Busi nesspol icy
E.Noneoft heabov e
ANSWER: C
121.ThePsy chol ogi cal Pr opensitiesformal eandf emal eentrepr eneursaresimil
ar
A.True
B.Fal se
C.Fal sehood
D.Maybe
E.Uncer tain
ANSWER: A
122.Theabi lityofanent repr eneurtoinnov at
eist houghtt orelatet oinnat
etrai
tssuchas
___
_ ___ _and_ _ ___ ____ _?
A.Cr eat ivi
t yandr iskt aki ng
B.Craf tinessandCr eat ivity
C.Introv er sionandr iskt aki ng
D.Ext rov er sionandr iskt aki ng
E.All theabov e
ANSWER: D
123.__ _
_ ___ ______
___arecat aly
stsf oreconomi cchange?
A.Solepr opr i
etors
B.Partner shi ps
C.Entrepr eneur s
D.Intr
apr eneur s
E.Alltheabov e
ANSWER: C
124.Theper sonwhoI nnov atesproduct stoenhancemar ketabi
li
tyi
nacor por
ati
oniscall
ed
___
_ __
?
A.ACapi talist
B.Anent repr eneur
C.AnI ntrapr eneur
D.ASal esper son
E.Alltheabov e
ANSWER: C
125.JosephSchumpet erwasbor ninwhi chcount ryin1883_ __
____
____
__?
A.USA
B.Brit
ain
C.France
D.Japan
E.Aust r
ia
ANSWER: E
126.Cy rusMcCor micki nvented_ _
_ _______
______in1831?
A.Car
B.Locomot iveengine
C.Tractor
D.Jet
E.Mechani cal r
eaper
ANSWER: E
127.Cor por at ecult
uresandt ri
balculturesareintertwine
A.True
B.False
C.True/ False
D.Ambi guous
E.Noneoft heabov e
ANSWER: B
128.Sust ai ninganent repreneurialculturedependsonwhoy ouemploy
A.True
B.Uncer tain
C.False
D.Certain
E.Disagr ee
ANSWER: A
129.Ther elat i
onshipbet weent echnologyandent r
epr eneurshipis__
____
_____
_____
____
?
A.Ambi guous
B.Scient i
fic
C.Histor i
cal
D.Germai ne
E.Alltheabov e
ANSWER: C
130.Pat ent sar egrantedf or:
A.Protect ion
B.Innovat ion
C.Trademar k
D.Invent i
on
E.Alltheabov e
ANSWER: D
131.Itiswi del yknownt hatent r
epr eneursare_ __
_______
___ _
_ ___
_ _
_____
A.Friendl y
B.Erratic
C.Rel i
gious
D.Pragmat ic
E.Unusual
ANSWER: E
132.Ni ger ianst hatexi stedi n_ ___
_ ____
___wer emor eentrepreneur i
althanmodernNigeri
ans?
A.9000BC
B.1800s
C.17t hcent ur y
D.15cent ury
E.Alltheabov e
ANSWER: A
133.Innov at i
oni ssy nony mouswi th_ ________
______
_ _
?
A.Productdesi gn
B.Mar ketv alue
C.Riskt aki ng
D.Jobcr eat ion
E.Productpr ocess
ANSWER: C
134.Thepr obl em wi thnewv enturecreationprocessisobt aining
A.Fami l
ysuppor t
B.Mi smanagement
C.Financi ng
D.Equi ty
E.Noneoft heabov e
ANSWER: C
135.Thet r i
par tit
erelat i
onshi pbet weent echnology,entr
epreneur shipand_ _
____
___
_____does
notexisti nNi geria?
A.Money
B.Cor ruptionf reesy stem
C.Honest y
D.Cor por ation
E.Smal landmedi um ent erprise
ANSWER: B
136.Thesear chf orseedandgr owt hcapitalf
all
sunderwhi chschool ofthought
?
A.Creat iveSchool oft hought
B.Dev elopmentSchool ofthought
C.School ofhi ghl i
ght
D.Financi al School oft hought
E.Alltheabov e
ANSWER: D
137.Car eerr iskisamaj orr i
sktoanent repreneur
A.True
B.Falsehood
C.False
D.Ambi guous
E.Alltheabov e
ANSWER: A
138._ _____ ___ _isthef ist-stepinthej ourneytostarti
ngabusi ness?
A.Funds
B.Bui l
ding
C.Fami l
ysuppor t
D.Idea
E.Noneoft heabov e
ANSWER: D
139.Gl obal izationofbusinessoper ationsisnowpossi bledueto:
A.Communi cat i
on
B.Comput er
C.Postof fices
D.Inter nal cooper ati
on
E.All theabov e
ANSWER: B
140.Thecr eat i
onofnewpr oduct siscal l
ed_______ ___?
A.Innov ation
B.Inv ent i
on
C.Inv ersion
D.All theabov e
E.Noneoft heabov e
ANSWER: B
141._ _ _____ _____ __
__isasour ceofext er
nalfundingt hatiscontr
ibut
edbypart
ners?
A.Equi ty
B.Commer cialloans
C.Vent urecapi tal
D.Fami lyandf riendsfunding
E.All theabov e
ANSWER: C
142.I nAf r
ica, mostpeopl econsi dert echnological dev el
opmentast hepr
act
icalappli
cat
ionof
science
A.Tr ue
B.Fal se
C.Fal sehood
D.Maybe
E.Noneoft heabov e
ANSWER: A
143.TheNi ger i
aneconomyi spr opelledbyCor por atei nput.
A.Tr ue
B.True/ False
C.Fal se
D.Maybe
E.Noneoft heabov e
ANSWER: C
144.Bi ll Gat esi nventedcomput ert echnology.
A.Fal se
B.True/ False
C.Tr ue
D.Uncer t
ain
E.Ambi guous
ANSWER: A
145.Howmai nbr aincel
lsar ether eint hehumanbr ain?
A.12mi lli
on
B.16mi ll
ion
C.17bi lli
on
D.18bi lli
on
E.20bi lli
on
ANSWER: D
146._ _ _____ _isdef inedast hetechni queforconv ertingi nput
stooutput
sinachi
ev i
ngaspecif
ic
task?
A.Pr oduct i
on
B.Indust ri
al design
C.Technology
D.Alltheabov e
E.Noneoft heabov e
ANSWER: C
147.Technol ogyt ransferisacompl exprocess.
A.True
B.False
C.Falsehood
D.Uncer t
ain
E.Ambi guous
ANSWER: A
148.Agr i
cultureaccount sf ormor et
han_ _
_____
_____
_per cent
ageofnon-
oil
expor
ts?
A.50%
B.70%
C.80%
D.85%
E.95%
ANSWER: B
149._____________i sasocial behavi
ort
hatbreedspov er
ty?
A.Laziness
B.Brokenhomes
C.Inf
er i
ori
tycompl ex
D.Cor r
uption
E.Lackoft raini
ng
ANSWER: C
150.Whi cht ypeofi nnovationisderi
vedfrom marketanalysi
s___
____
_?
A.Radicalinnov ation
B.Breakthrough
C.Technologi calinnovation
D.Ordinaryinnov ation
E.Noneoft heabov e
ANSWER: D
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