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TEAM ASSET

PRESENT

ENT201PASTQUESTI
ONSANDANSWERS

DM ORCALLASSETTUNDEUPDATESON(
08037042205)

TEAM ASSETWI
SHYOUALLSUCCESSI
NYOUREXAMS.
..
.

ENT201

1)
___
studi
ed__
_enterpr
eneursandconcl
udesthatt
heyar
etoughandpr
agmat
icpeopl
edr
iven
bymeansofi
ndependencyandachi
evements.

A.Col
l
insandmoor
e(150)

BMcCl
ell
and150

C.Cant
il
li
on150

D.Ri
char
d150

E.Mi
l
l150

ANSWERA
2)-
--
--
--
--
--ar
enotwi
l
li
ngt
osubmi
ttoaut
hor
it
y

A.Ent
repr
eneur
s

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B.St
udent
s

C.Yahooboy
s

D.ASUU

E.Fami
l
ymen

ANSWERA

3)
Entrepreneur
sar eseenasmer cur
ial
thati
spr
onet
oinsi
ght
,br
ainst
orm,
decept
ions,
i
ndigenousandr esourcef
ulness

A.Car
lMember(
1840-
1921)

B.JeanBapt
ist
sSay(
1803)

C.Shackl
e(2009)

D.Bi
rd(
1992)

E.Apkonay
a(2004)

ANSWERD

4)Buseni
tzandBar
ney(
1997)cl
aimedt
hatt
heent
erpr
eneurar
epr
onet
o..
..
and.
..
.

A.Ov
erconf
idenceandi
nsi
ght
s

B.Ov
ergener
ali
zat
ionandsel
f-
conf
idence

C.Sel
f-
conf
idenceandi
nsi
ght
s

D.Ov
erconf
idenceandov
ergener
ali
zat
ion

E.Conf
idence

ANSWER D

5)Whatar
ethef
ourt
ypesofent
repr
eneur
snot
edbyCol
e1959.

A.Thei
nnov
atorcal
cul
ati
ngi
nvent
orov
eropt
imi
sti
cpr
omot
erandt
heor
gani
sat
ionbui
l
ding.

B.I
nvent
ori
nnov
atorr
iskt
akerandpr
oducer

C.Ov
er-
opt
imi
sti
cpr
omot
eri
nnov
atorpr
oducerandr
iskt
aker

D.Opt
imi
sti
cpr
omot
er,
innov
ator
,inv
ent
orandor
gani
sat
ionbui
l
ding

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E.Ov
eropt
imi
sti
cpr
omot
erandi
nnov
ator
.

ANSWERD

6)Adam Smithspokeoft
heEnter
pri
seinhis.
..
..
.asani
ndi
vi
dual
whounder
tookt
hef
ormat
ion
ofanorgani
sati
onforcommerci
alpur
poses.

A.1776weal
thofnat
ion

B.1778weal
thofnat
ion

C.1787westofnat
ion

D.1767weal
thofnat
ion

E.1887weal
thofnat
ion

ANSWERA

7)Accor
dingt
oSmi
thanent
repr
eneuri
sonewhot
ransf
orm demandt
o..
.

A.Demandt
osuppl
y

B.Suppl
ytodemand

C.Thedemandoppor
tuni
ty

D.suppl
ytooppor
tuni
ty

E.Oppor
tuni
tyt
osuppl
y

ANESWERA

8)JeanBapti
steSay1803i
nhis..
..
.descr
ibedanent
erpr
eneurasonewhocer
tai
nar
tandski
l
lof
creat
ingneweconomicEnt
erpr
ise.

A.Tr
ait
seconomi
cpol
i
tique

B.Tr
ait
ed'
economi
epol
i
te

C.Tr
ait
seconomi
cpol
i
tics

D.Tr
aitd'
economi
epol
i
tique

E.Ecomomi
epol
i
tet
rai
t.

ANSWERB

9)Sayt
her
efor
ecombi
nedt
heeconomi
cri
skt
akerofcant
il
li
onandt
hemanagerofSmi
thi
nto?

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A.Unusual
char
act
er

B.Ent
erpr
eneur
ial
studi
es

C.I
nnov
ati
vemechani
sm

D.Cr
eat
ivei
deas

E.I
nnov
ati
vest
udi
es

ANSWERA

10)Mi
l
lrecogni
sedent
erpr
eneur
shi
past
heCent
ral
to

A.Busi
nessgr
owt
h

B.Economi
cTheor
y

C.Soci
o-economi
cdev
elopment

D.Soci
alpol
i
tical
dev
elopment
s

E.Pol
i
tical
adv
ancement

ANSWERB

11)Thesubj
ect
ivi
stper
spect
iveofeconomi
csest
abl
i
shedby

A.
Mil
l

B.Shackl
e2009

CSchumpet
er

DCar
lMenger1840-
1921

E.Geor
ge2002

ANSWERD

12)ent
erpr
eneurt
her
efor
ebecomet
hechangeagentwhi
cht
ransf
ormr
esour
cesi
nto.
..
..

A.Usef
ulgoodsandser
vices

B.Mar
ketpr
oduce

C.Commodi
ty

D.Cust
omer
sdemand

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E.Mar
ketoppor
tuni
ty

ANSWERA

13)Dangot
e'sgr
eat
estbusi
nessmov
ewasmov
ingf
rom.
..
to.
..
..

A.Kanot
oLagos

B.Cal
abart
oLagos

C.Tr
adert
omanuf
act
urer

D.Dant
atat
odangot
e

E.Ni
ger
iat
oSout
hAf
ri
ca

ANSWERC

14)Quot
es:
manuf
act
uredon'
tj
ustt
radeby

A.Bi
l
lGat
es

B.Geor
ge

C.Al
i
koDangot
e

D.Dant
ata

E.I
rebhor

ANSWERC

15)Whendi
dAl
i
koDangot
est
art
edhi
sbusi
ness.

A.1979

B.1975

C.1976

D.1978

E.1980

ANSWERC

16)Whendi
dal
i
kodangot
emov
efr
om Kanot
oLagos

A.1978

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B.1976

C.1977

D.1987

E.1979

ANSWERC

17)Quot
esshemustbui
l
dabr
andandnev
erdest
royi
tby

A.Al
i
kodangot
e

B.Mi
l
l

C.Schumpet
er

D.Cant
ll
ion

E.McCl
ell
and

ANSWERA

18)Howmuchdi
dal
i
kodangot
eusedi
nst
art
inghi
sbusi
ness.

A.1.
5mi
l
li
onnai
ra

B.200000

C.400000

D.500000

E.2mi
l
li
onnai
ra

ANSWERD

19)I
nwhaty
earwast
hemechani
cal
reaperi
nvent
e

A.1901

B.1908

C.1806

D.1831

E.1906

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ANSWERD

20)Whoi
nvent
edt
hemechani
cal
Reaper

A.Mi
l
l

B.Bi
rd

C.
Dav
idMccl
ell
and

D.Cy
rusMcCor
mik

E.Ri
char
d

ANSWERD

21)Schumpet
erdescr
ibedent
erpr
eneur
shi
pasaf
orceof
?

A.Cr
eat
ivedest
ruct
ion

B.I
nnov
ati
vedest
ruct
ion

C.Busi
nessf
ormul
ati
on

D.Pr
act
ical
busi
nessi
deas

E.Cr
eat
iveact
ion

ANSWERA

22)Accordi
ngtoschumpet
erent
erpr
eneur
shi
pisdescr
ibedas.
..
..
.whyent
repr
eneur
sar
e
descr
ibedas..
..
.?

A.Pr
ocessandi
nnov
ator

B.St
udi
esandi
nnov
ator

C.Pr
ocessandi
nvent
or

D.Pr
ocessandcr
eat
or

E.Pr
ocessandcat
aly
st

ANSWERA

23)_
___
__i
soneoft
hemostpr
eci
oust
hingi
nwhi
chacompanyhas

A.Capi
tal

B.Cul
tur
e

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C.Resour
ces

D.Br
and

E.Money

ANSWERB

24)_
___
__i
sav
aluet
heent
repr
eneurbr
ingsi
ntot
hebusi
ness

A.Cul
tur
e

B.Sy
stem ofadmi
nist
rat
ion

C.Or
ganogr
am ofanor
gani
sat
ion

D.Consul
tant

E.Mor
ecompet
it
or

ANSWERA

25)
..
..
..
..
.isanov
eral
lst
rat
egyoft
hebusi
ness

A.Compet
it
ion

B.I
mit
ati
on

C.I
nnov
ati
on

D.Cul
tur
e

E.Capi
tal

ANSWERD

26)Foracompanyt
hatwant
stoout
-t
hinkanoutpeacet
hecompet
it
ionan––i
snotopt
ional

A.Busi
nessi
ntegr
it
y

B.Gr
owi
ngbusi
nessi
dea

C.Cust
omer
sval
ue

D.Ent
erpr
enuer
ial
cul
tur
e

E.Busi
nessar
rangement

ANSWERD

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27)Bui
l
dingacompanyt
hatencour
ageaut
onomyr
isk-
taki
ngandent
erpr
eneur
ial
behav
iouri
s–
–

A.Chal
l
engi
ng

B.Condescendi
ng

C.FastandFur
ious

D.Encour
agi
ng

E.Br
ave

ANSWERA

28.Whoi
sthemanageroff
act
orsofpr
oduct
ioni
nav
ent
ure?

A.Pr
oduct
ionmanager

B.CEO

C.I
ntr
apr
eneur

D.Ent
repr
eneur

E.Al
loft
heabov
e

ANSWER:
D

29.Af
ri
canwomenar
emet
icul
ousi
ntapr
eneur
sthanwhi
tewomen

A.Tr
ue

B.f
alse

C.Uncer
tai
n

D.Ambi
guous

E.Noneoft
heabov
e

ANSWER:
B

30.Thef
inanci
ngmet
hodi
nvol
vi
ngani
nter
est
-bear
ingi
nst
rumenti
s__
___
___
___
__?

A.Loan

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B.Per
sonal
financi
ng

C.Shor
t-
ter
mfi
nanci
ng

D.Debtf
inanci
ng

E.Al
loft
heabov
e

ANSWER:
D

31.Whatt
ypesofi
nnov
ati
onr
efer
stot
heabi
l
ityt
ousenewi
deasf
rom out
sidet
he
company_
____
?

A.Radi
cal
Innov
ati
on

B.Cr
eat
iveI
nnov
ati
on

C.Techni
cal
Innov
ati
on

D.Adopt
iveI
nnov
ati
on

E.Al
loft
heabov
e

ANSWER:
D

32.Whi
cht
ypeoff
inanci
nggi
vesi
nvest
orsowner
shi
pposi
ti
oni
nabusi
nessv
ent
ure_
___
___
___

A.Commer
cial
Loan

B.I
nvent
oryLoans

C.Equi
tyf
inanci
ng

D.Accountr
ecei
vabl
eloans

E.Al
ltheabov
e

ANSWER:
C

33.Whi
chcat
egor
yofi
nnov
ati
oni
spr
act
icedi
nNi
ger
ia?

A.Pr
oductI
nnov
ati
on

B.Rev
olut
ionar
yInnov
ati
on

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C.Pr
ocessI
nnov
ati
on

D.Ev
olut
ionar
yInnov
ati
on

E.Cul
tur
alI
nnov
ati
on

ANSWER:
B

34.Vent
ureCapi
tal
isnotnewi
nNi
ger
ia

A.Tr
ue

B.Fal
se

C.Uncer
tai
n

D.I
ndi
ff
erence

E.Ambi
guous.

ANSWER:
B

35.DebtCapi
tai
swi
del
yusedf
orex
ter
nal
fundi
ng

A.Tr
ue

B.Fal
se

C.Uncer
tai
n

D.I
ndi
ff
erence

E.Ambi
guous

ANSWER:
B

36.Rel
i
gionpl
aysaposi
ti
ver
olei
nent
repr
eneur
shi
pdev
elopmenti
nNi
ger
ia.

A.Tr
ue

B.Fal
se

C.Uncer
tai
n

D.I
ndi
ff
erence

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E.Ambi
guous

ANSWER:
B

37.Themacr
ovi
ewofsoci
alent
repr
eneur
shi
pref
erst
oint
ernal
fact
ors

A.Tr
ueB.Fal
se

C.Uncer
tai
n

D.I
ndi
ff
erence

E.Ambi
guous

ANSWER:
B

38.Whatschool
oft
houghtshowcasespol
i
tical
displ
acementasamaj
orf
act
or_
___
___
___
_?

A.Busi
nessSchool
oft
hought

B.Economi
cSchool
of

C.di
spl
acement

D.f
inanci
al

E.Al
ltheabov
e

ANSWER:
C

39._
___
___
___ar
ethi
ngshel
dinhi
ghest
eem bysoci
ety
?

A.Money

B.i
ntegr
it
y

C.v
alue

D.power

E.Tr
ick
ANSWER:C

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40.Thebi
ggestpr
obl
emsf
aci
ngNi
ger
ianent
erpr
isesandci
ti
zensal
i
kei
s__
___
___
?

A.Tr
ibal
i
sm

B.Cor
rupt
ion

C.Lackofnat
ional
val
uesy
stem

D.i
ndi
sci
pli
ne

E.Bl
ocki
ng

ANSWER:
C

41.Et
hicsr
efer
stot
hebasi
crul
esf
orconduct
inganyact
ivi
tyi
nanaccept
abl
emanner
.

A.Tr
ue

B.Fal
se

C.Tr
ue/
Fal
se

D.Ambi
guous

E.Al
ltheabov
e

ANSWER:
A

42.NonGov er
nment
alor
gani
zat
ionsar
enotobl
i
gat
edt
opr
ovi
deconsul
ti
ngser
vicest
osoci
al
Ent
repr
eneur
s

A.Tr
ue

B.Fal
se

C.ambi
guous

D.i
ndi
ff
erence

E.uncer
tai
n

ANSWER:
B

43.I
nter
nal
Fundi
ngoppor
tuni
ti
esdoesnoti
ncl
udef
ami
l
yandf
ri
endsassi
stance

A.Tr
ue

B.Fal
se

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C.Uncer
tai
n

D.ambi
guous

E.i
ndi
ff
erence

ANSWER:
B

44.Thepr
ocessofent
repr
eneur
shi
pbegi
nswi
th_
___
___
___
?

A.Cr
eat
ivi
ty

B.Newi
deas

C.Exer
cisi
ng1.
7mi
l
li
onbr
aincel
l
s

D.Seeki
ngf
unds

E.Taki
ngl
oan

ANSWER:
B

45.Thev
ital
elementofi
nnov
ati
ont
hati
dent
if
iespr
oductdesi
gnsi
scal
l
ed_
___
___
___
_?
A.v
isual
desi
gn

B.modi
fi
cat
ion

C.anal
yti
cal
planni
ng

D.noneoft
heabov
e

E.AandB

ANSWER:
C

46.Or
dinar
yInnov
ati
oni
snotder
ivedf
rom mar
ketanal
ysi
s

A.Tr
ue

B.Fal
se

C.ambi
guous

D.I
ndi
ff
erence

E.uncer
tai
n

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ANSWER:
B

47.Whi
choft
hef
oll
owi
ngi
sanel
ementofbusi
nessoppor
tuni
ty_
___
___
___
_?

A.Musi
c

B.Aneed

C.Spor
ts

D.Mar
ket
ing

E.Al
loft
heabov
e

ANSWER:
B

48.Capi
tal
goodsf
all
sunderwhatcl
assoft
echnol
ogy_
___
___
___
?A.spacet
echnol
ogy

B.Nucl
eart
echnol
ogy

C.Har
dtechnol
ogy

D.Communi
cat
iont
echnol
ogy

E.Al
ltheabov
e

ANSWER:
C

49.Ri
char
dCant
il
li
ondef
inedcapi
tal
i
sm asa“
creat
ivedest
ruct
ion”

A.Tr
ue

B.Fal
se

C.Uncer
tai
n

D.Ambi
guous

E.i
ndi
ff
erence

ANSWER:
B

50.Thenumberofsmal
landmedi
um Ent
erpr
isescur
rent
lyi
nAf
ri
cai
s__
___
___
_?

A.120mi
l
li
on

B.75mi
l
li
on

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C.80mi
l
li
on

D.65mi
l
li
on

E.30mi
l
li
on

ANSWER:
D

51. Technologyi
spur
elyanappl
i
cat
ionofknowl
edgegener
atedbysci
ent
ist
sor
sci
enti
fi
c
act
ivi
ti
es.

A.Tr
ue

B.Fal
se

C.Ambi
guous

D.Uncer
tai
n

E.I
ndi
ff
erence

ANSWER:
B

52.Whi chcl
assofentrepreneurshavedemonst
rat
edi
nnov
ati
vepoweri
nthecr
eat
ion
ofnew
t
echnol
ogical
products_____
_____
_?

A.or
dinar
yent
repr
eneur
s

B.Soci
alent
repr
eneur
s

C.I
ndust
rycr
eat
orent
repr
eneur

D.Al
ltheabov
e

E.noneoft
heabov
e

ANSWER:
C

53.Whowast
heor
igi
nal
inv
ent
orofaut
omot
iveengi
nei
nthewor
ld_
___
_?

A.Mat
hiasBeckl
ey

B.Henr
yFor
be

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C.Jer
aldMacmi
l
lan

D.Henr
yFor
d

E.Noneoft
heabov
e

ANSWER:
D

54.Whi
chCor
por
ati
oni
nvent
edComput
ert
echnol
ogy
___
___
___
_?

A.Sni
ggerCor
por
ati
on

B.Mi
crosof
tcor
por
ati
on

C.Appl
ecor
por
ati
on

D.I
BM cor
por
ati
on

E.Al
ltheabov
e

ANSWER:
D

55. Thet
winbr
other
swhoi
nvent
edPi
stol
gunar
ecal
l
ed_
___
___
?

A.JohnandCl
yde

B.Bi
l
land St
rong

C.Jer
ryandJones

D.Smi
thandWest
ern

E.Bi
l
lyandCl
yde

ANSWER:
D

56.Thegreatent
repreneur
/economi
stcal
l
edJosephSchumpet
eri
scr
edi
tedt
hef
ather
of
Ent
repreneur
ship.

A.Tr
ue

B.Fal
se

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C.Uncer
tai
n

D.I
ndi
ff
erence

E.Ambi
guous

ANSWER:
B

57.Anent
repr
eneuri
sal
soasol
epr
opr
iet
orofhi
sbusi
nessv
ent
ure?

A.Tr
ue

B.Fal
se

C.Ambi
guous

D.I
ndi
ff
erence

E.Uncer
tai
n.

ANSWER:
B

58.Cor
por
ateNi
ger
iai
sthel
argestmar
ket
ingagentf
orf
orei
gncor
por
ati
ons.

A.Tr
ue

B.Fal
se

C.Uncer
tai
n

D.Ambi
guous

E.I
ndi
ff
erence

ANSWER:
A

59.Whati
sthenameoft
heor
igi
nal
inv
ent
orofai
rpl
anei
nAmer
ica_
___
___
_?

A.Jef
fDonnel
l

B.Ri
char
dCl
i
nton

C.JohnRockef
ell
er

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D.Dougl
asMcDonnel
l

E.JohnBul
l

ANSWER:
D

60.Ani
nvent
ori
sty
pical
l
yani
nnov
ator

A.Tr
ue

B.Fal
se

C.Ambi
guous

D.Uncer
tai
n

E.I
ndi
ff
erence

ANSWER:
B

61.Whicht y
peofi
nnovati
onisr
epr
esent
edbyt
hef
undament
alr
e-concept
ual
i
zat
ionof
a
Businessvent
ure_
_ _
____
_?

A.I
ndust
ryi
nnov
ati
on

B.Technol
ogi
cal
innov
ati
on

C.Br
eakt
hroughI
nnov
ati
on

D.Radi
cal
innov
ati
on

E.Al
ltheabov
e

ANSWER:
D

62.Ent r
epreneur
sarenotobli
gat
edt
opasst
hrought
hei
l
lumi
nat
ionandv
eri
fi
cat
ion
stagesof
cr
eati
vi
tyonthei
rideas.

A.Tr
ue

B.Fal
se

C.Ambi
guous

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D.Uncer
tai
n

E.I
ndi
ff
erence

ANSWER:
A

63.Whi
chschool
oft
houghtdeal
swi
thanent
repr
eneur
’sl
i
fest
yle_
___
___
__?

A.Li
fest
yleschool
oft
hought

B.Fi
nanci
alSchool
oft
houghtC.Soci
alSchool
oft
hought

D.Uncer
tai
n

E.I
ndi
ff
erence.

ANSWER:
A

64.Suddenchangesi
ngov
ernmentpol
i
cyi
samaj
orsour
ceofbusi
nessoppor
tuni
ti
es.

A.Tr
ue

B.Fal
se

C.Ambi
guous

D.Uncer
tai
n

E.I
ndi
ff
erence

ANSWER:
A

65.Copy
rightasapar
tofi
ntel
l
ect
ual
proper
tyl
awi
snotapr
opr
iet
aryr
ight
.

A.Tr
ue

B.Fal
se

C.Uncer
tai
n

D.Ambi
guous

E.I
ndi
ff
erence.

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ANSWER:
A

66.Ci
nemat
ogr
aphf
il
misnotpr
otect
edbycopy
rightl
aw.

A.Tr
ue

B.Fal
se

C.Ambi
guous

D.i
ndi
ff
erence

E.Uncer
tai
n

ANSWER:
B

67.Atrademar
kisamar
kthatser
vest
odi
sti
ngui
shgoodsorser
vicesi
nthecour
seof
tr
ade.
A.Tr
ue

B.Fal
se

C.Fal
sehood

D.Uncer
tai
n

E.Rel
i
abl
e

ANSWER:
A

68.Ani
nvent
ioni
snotpr
otect
edbyPat
entLaw.

A.Tr
ue

B.Fal
se

C.Fal
sehood

D.Uncer
tai
n

E.Ambi
guous

ANSWER:
B

69.Ani
ndust
ri
aldesi
gni
sanycombi
nat
ionofl
i
nesofcol
our
sorbot
h

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A.Tr
ue

B.f
alse

C.r
eli
abl
e

D.uncer
tai
n

E.I
ndi
ff
erence

ANSWER:
A

70.Whichtransport
ati
ontechnol
ogywasi
nvent
edbyNi
ger
ianancest
orsbef
oret
he
coming
col
oni
almasters___
___
?

A.Bi
cycl
e

B.Mot
orcy
cles

C.Car
s

D.Canoe

E.Noneoft
heabov
e

ANSWER:
D

71.I
scul
tur
eamaj
orbar
ri
ert
oent
repr
eneur
ial
pract
icei
nNi
ger
ia_
___
___
?

A.Tr
ue

B.Fal
se

C.Uncer
tai
n

D.I
ndi
ff
erence

E.Fal
sehood

ANSWER:
A

72.Tobecomeasuccessf
ulent
repr
eneur
,onemustcomef
rom ar
ichf
ami
l
y.

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A.Tr
ue

B.Fal
se

C.Uncer
tai
n

D.Rel
i
abl
e

E.Fal
sehood.

ANSWER:
B

73.Ther
oleofpol
i
ticsi
nent
repr
eneur
ial
dev
elopmenti
nNi
ger
iai
s

A.Posi
ti
ve

B.Negat
ive

C.Good

D.Bad

E.Encour
agi
ng

ANSWER:
B

74.Technol
ogi
cal
dev
elopmentandent
repr
eneur
ial
oppor
tuni
ti
esar
eneededf
ory
out
h
empowerment
.

A.Tr
ue

B.Fal
se

C.Uncer
tai
n

D.Fant
ast
ic

E.Gr
eat

ANSWER:
A

75.Technol
ogyt
ransf
eri
snotacompl
exandt
imeconsumi
ngpr
ocess

A.Tr
ue

B.Fal
se

C.Gr
eat

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D.r
eli
abl
e

E.Uncer
tai
n.

ANSWER:
A

76._
___
___
_isanegat
ivebr
eederofpov
ert
yandl
owsel
f-
est
eem i
nNi
ger
ia?

A.Tr
ibal
i
sm

B.Lazi
ness

C.I
nfer
ior
it
ycompl
ex

D.Emot
ional
inst
abi
l
ity

E.Dr
unkenness

ANSWER:
C

77.Peergr
oupi
saposi
ti
vei
nfl
uencei
nent
repr
eneur
ial
dev
elopment

A.Tr
ue

B.Fal
se

C.Gr
eat

D.uncer
tai
n

E.Ambi
guous

ANSWER:
B

78.Whi
chagencyoft
hegov
ernmenti
sresponsi
blef
orr
egi
ster
ingandr
egul
ati
ngbusi
ness
i
nNiger
ia?

A.Cooper
ati
veSoci
eti
es

B.Cor
por
ateCommi
ssi
on

C.Compani
esr
egi
str
ati
onagency

D.Cor
por
ateAf
fai
rsCommi
ssi
on

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E.Mi
nist
ryofTr
adeandI
ndust
ry

ANSWER:
D

79.I
ntel
l
ect
ual
proper
tydi
sput
efal
l
sunderwhi
chl
egal
jur
isdi
cti
on_
___
___
___
___
?

A.Cr
imi
nal
Law

B.Mar
rti
meLaw

C.Ci
vi
lLaw

D.CommonLaw

E.CommonLawandCi
vi
lLaw

ANSWER:
D

80.Tr
ademar
ksexcl
usi
vel
yinv
olv
esi
ntel
l
ect
ual
input

A.Tr
ue

B.Fal
se

C.Fal
sehood

D.Notr
eal
l
y

E.Noneoft
heabov
e

ANSWER:
A

81.Howmanycat
egor
iesofwor
ksar
eel
i
gibl
eforcopy
right_
___
___
___
___
___
__?

A.10

B.7

C.6

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D.12

E.15

ANSWER:
C

82.Cor
por
ateNi
ger
iai
snotamar
ket
ingagentf
orf
orei
gncor
por
ati
ons

A.Tr
ue

B.Fal
se

C.Fal
sehood

D.Unr
elat
ed

E.Al
ltheabov
e

ANSWER:
B

83.Theinnov
ativ
epr ocesswhichr
efer
stot
heabi
l
ityt
ousenewi
deasf
rom out
sidean
organi
zat
ionis_
__ _
_____
__?

A.Cr
eat
ivei
nnov
ati
on

B.Pr
ocessi
nnov
ati
on

C.Pr
oducti
nnov
ati
on

D.Adopt
ivei
nnov
ati
on

E.Al
ltheabov
e

ANSWER:
D

84.Whi
cht
ypeoff
inanci
ngof
fer
sani
nvest
orowner
shi
pposi
ti
oni
nthev
ent
ure?

A.Debtf
inanci
ng

B.Commer
cial
Loanf
inanci
ng

C.Equi
tyf
inanci
ng

D.Vent
ureCapi
tal
i
stf
inanci
ng

E.Noneoft
heabov
e

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ANSWER:
C

85.Aft
eranent
repr
eneursi
sgr
anteda20mil
l
ionnai
raloant
ofundhi
svent
ure,
doeshe
havet
heri
ghttousepar
toft
hemoneytodoburi
alorgotoDubai
wit
hhisgi
rlf
ri
end?

A.Yes

B.No

C.Yes/
No

D.Maybe

E.I
tdepends

ANSWER:
B

86.____
____
__iscr
edi
tedwi
tht
heent
repr
eneur
ial
def
ini
ti
onofcapi
tal
i
sm asacr
eat
ive
destr
ucti
on?

A.Johnpaul

B.Edwar
dHay
es

C.JohnRocki
fel
er

D.JosephSchumpt
er

E.Noneoft
heabov
e

ANSWER:
D

87.Mar
ket
ingt
echni
quesi
nvol
veswhatcl
assoft
echnol
ogy
?

A.Comput
ert
echnol
ogy

B.Machi
ner
ytechnol
ogy

C.Bl
uepr
intt
echnol
ogy

D.Sof
ttechnol
ogy

E.Noneoft
heabov
e

ANSWER:
D

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88.Howmanybusi
nessoppor
tuni
ti
eshav
ebeeni
dent
if
iedi
nNi
ger
ia?

A.58

B.61

C.100

D.150

E.180

ANSWER:
C

89.Theactofmodi
fyi
ngapr
oductt
oenhancemar
ket
abi
l
ityi
scal
l
ed_
___
___
___
__?

A.I
nvent
ion

B.Modi
fi
cat
ion

C.I
nnov
ati
on

D.Repl
i
cat
ion

E.Al
ltheabov
e

ANSWER:
C

90.Unregi
steredTrademar
ksmaybepr
otect
edundert
hecommonl
awact
ionof
__
______
_ _
_ _
_?

A.St
atut
oryLaw

B.Const
it
uti
onalLaw

C.Tr
adeLaw

D.Passi
ngof
f

E.Noneoft
heabov
e

ANSWER:
D

91.Ther
isksofent
repr
eneur
shi
pcanbecl
assi
fi
edi
ntohowmanycat
egor
ies?

A.6

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B.2

C.4

D.3

E.7

ANSWER:
D

92.Technol
ogyi
samaj
orf
act
ori
n__
___
___
___
___
___
dev
elopment
?

A.Ent
repr
eneur
shi
pdev
elopment

B.Nat
ional
dev
elopment

C.Humandev
elopment

D.Economi
cdev
elopment

E.Noneoft
heabov
e

ANSWER:
D

93._
___
___
___
___
_isbehi
ndt
hesuccessofent
repr
eneur
shi
p?

A.Capi
tal
i
sm

B.Phi
tocr
ats

C.Thepeopl
e

D.I
nst
it
uti
onal
suppor
t

E.St
ateGov
ernor

ANSWER:
D

94._
___
___
___
___i
samar
ket
ingagentoff
orei
gnpr
oduct
sinNi
ger
ia?

A.Sal
esper
sons

B.Mar
ketWomen

C.Supermar
ket
s

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D.Cor
por
ateNi
ger
ia

E.Vendor
s

ANSWER:
D

95.Theel
ementofI
nnov
ati
onpr
ocesst
hati
dent
if
iespr
oductdesi
gni
scal
l
ed_
___
___
___
_?

A.I
nter
nal
desi
gn

B.Ex
ter
nal
desi
gn

C.St
rat
egi
cpl
anni
ng

D.Anal
yti
cal
planni
ng

E.Al
ltheabov
e

ANSWER:
D

96.Communi
cat
ioni
nbusi
nessi
sbui
l
tuponwhat
?

A.Tr
ust

B.Par
tner
shi
p

C.Honest
y

D.Respect

E.Al
ltheabov
e

ANSWER:
C

97.Thedi
ff
erencebet
weenanent
repr
eneurandabusi
nessmani
s__
___
___
___
___
_?

A.Capi
tal
i
sm

B.Sol
epr
opr
iet
orshi
p

C.I
nnov
ati
on

D.Al
ltheabov
e

E.Noneoft
heabov
e

ANSWER:
C

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98._
___
___
___
_ist
hemanageroft
hef
act
orsofpr
oduct
ion?

A.I
ntr
apr
eneur

B.Capi
tal
i
st

C.Manager

D.Ent
repr
eneur

E.Engi
neer

ANSWER:
D

99.Adi
rt
yenv
ironmentnor
mal
l
ycr
eat
es_
___
___
___
___
__?

A.Si
ckness

B.Fr
ust
rat
ion

C.Deat
h

D.Pov
ert
y

E.Weat
h

ANSWER:
B

100. Technol
ogi
cal
dev
elopmenti
snotdependenton_
___
___
___
___
__?

A.Fundi
ng

B.I
nvest
ors

C.I
ndust
ri
aldesi
gn

D.Sci
ent
if
icPr
ogr
ess

E.Al
ltheabov
e

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ANSWER:
D

101. Whenanent r
epr
eneursgot
hrought
heI
ll
umi
nat
ionandv
eri
fi
cat
ionst
agesof
Cr
eat
ivi
ty,
theybecome____
___?

A.I
nnov
ator
s

B.I
ndust
ri
ali
sts

C.Changemanager

D.I
nvent
ors

E.Al
ltheabov
e

ANSWER:
D

102. Whattypeofl
oancananent
repr
eneurobt
ainf
orl
ongt
ermf
inanci
ngona3-
10
y
ear
sterm___
?

A.Per
sonal
Loan

B.Char
act
erl
oan

C.Equi
pmentl
oan

D.Al
ltheabov
e

E.Al
loft
heabov
e

ANSWER:
C

103. Compani
esaddnewpr
oduct
stot
hepr
oductl
i
nei
nor
dert
o__
___
___
___
___
?

A.Mor
emoney

B.I
ncr
easeSal
eVol
ume

C.Cust
omerSat
isf
act
ion

D.Jobcr
eat
ion

E.Noneoft
heabov
e

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ANSWER:
B

104. Whatr
oledoespol
i
ticspl
ayi
nent
repr
eneur
shi
pdev
elopment
?

A.Good

B.Negat
ive

C.Posi
ti
ve

D.Gr
eat

E.Al
ltheabov
e

ANSWER:
B

105. Whatr
oledoeseducat
ionpl
ayi
nent
repr
eneur
shi
pdev
elopment
?

A.Vi
tal

B.Leader
shi
p

C.Negat
ive

D.Posi
ti
vi
ty

E.Al
ltheabov
e

ANSWER:
A

106. Theepi
l
ept
icpowersuppl
ydoesi
sinconsequent
ial
toent
repr
eneur
s

A.Tr
ue

B.Fal
se

C.Tr
ue/
Fal
se

D.May
be

E.Noneoft
heabov
e

ANSWER:
B

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107. Whoi
sresponsi
blef
ort
hecr
eat
ionoft
heunconduci
vebusi
nessenv
ironmenti
n
Ni
ger
ia?

A.Feder
algov
ernment

B.St
ategov
ernment

C.Pol
i
tici
ans

D.Thepeopl
e

E.Pov
ert
y

ANSWER:
B

108. Capi
tal
mobi
l
izat
ioni
snotabi
gissuef
oranent
repr
eneur

A.Tr
ue

B.Fal
se

C.Fal
sehood

D.Al
ltheabov
e

E.Noneoft
heabov
e

ANSWER:
B

109. Ri
char
dCant
il
li
onwasbor
ninwhi
chCount
ry?

A.Aust
ral
i
a

B.Br
it
ain

C.I
rel
and

D.Fr
ance

E.Pol
and

ANSWER:
C

110. Theor
igi
nal
indi
genesofAmer
icaar
e__
___
___
___
___
___
_?

A.Br
it
ish

B.I
ri
sh

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C.RedI
ndi
ans

D.Fr
ench

E.Chi
nese

ANSWER:
C

111. Whi
checonomi
ctheor
ytr
ansf
ormedAmer
icai
ntoani
ndust
ri
ali
zednat
ion?

A.Capi
tal
i
sm

B.I
ntr
apr
eneur
shi
p

C.Ent
repr
ener
urshi
p

D.Al
ltheabov
e

E.Noneoft
heabov
e

ANSWER:
C

112. Henr
yFor
dwasbor
ninwhi
chcount
ry?

A.Aust
ral
i
a

B.Aust
ri
a

C.Amer
ica

D.Br
it
ain

E.Ger
many

ANSWR:
C

113. Whoi
sthef
ounderandCEOofMi
crosof
tComput
erSy
stem/

A.Henr
yFor
d

B.Theodor
eRoosev
elt

C.JamesScot

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D.Bi
l
lGat
es

E.Noneoft
heabov
e

ANSWER:
D

114. Ameri
cabecomeasuperpowernat
ionbecauseofi
tscommi
tmentt
o
_
___
___
_ _
___
__?

A.Capi
tal
i
sm

B.Ent
repr
eneur
shi
p

C.I
ntr
apr
eneur
shi
p

D.Democr
acy

E.Technol
ogy

ANSWER:
E

115. Thecount
ryt
hatmanuf
act
urest
hePassatcarsy
stem i
s__
___
___
__?

A.Br
it
ain

B.Amer
ica

C.Japan

D.Ger
many

E.Chi
na

ANSWER:
D

116. I
nAmer i
ca,23mil
li
onsmallandmedi
um enter
pri
sesempl
oysmor
ethan
_
___
___
____
__percent
ageofthepr
ivat
eworkf
orce?

A.30%

B.35%

C.40%

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D.45%

E.50%

ANSWER:
E

117. InAsi
a,_
___
___
___
_per
cent
ageoft
hej
obsar
ecr
eat
edbysmal
lmedi
um
ent
erpr
ise

A.65%

B.70%

C.75%

D.80%

E.85%

ANSWER:
B

118. Whyi
sNi
ger
iat
hel
argestconsumernat
ionoff
orei
gngoods_
___
___
___
__?

A.Capi
tal
i
sm

B.Mi
l
itar
ydi
ctat
orshi
p

C.Cor
rupt
ion

D.Fai
l
uret
odev
elopent
repr
eneur
shi
pmi
ndset

E.Al
ltheabov
e

ANSWER:
D

119. TheFeder
algovernmenti
scapabl
eofempl
oyi
ngt
hehi
ghpy
rami
dof
unempl
oyedyout
hsinNigeri
a.

A.Tr
ue

B.Fal
se

C.Maybe

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D.Fal
sehood

E.Tr
ue/
Fal
se

ANSWER:
B

120. Pr
iort
o2006,
didtheFeder
algov
ernmentshowanyi
nter
esti
nent
repr
eneur
shi
p
dev
elopmentinNi
ger
ia?

A.Yes

B.No

C.Yes/
No

D.Cer
tai
nty

E.Noneoft
heabov
e

ANSWER:
B

121. Whati
sthenameoftheNiger
iaPresi
dentwhomandatedent
repr
eneur
shi
p
St
udi
esasacompulsor
ycoursei
ntheNigeri
anUniver
sit
ySy
stem?

A.YakubuGowan

B.I
brahi
m Babagi
da

C.MohamaduBuhar
i

D.Ol
usegunObasanj
o

E.Nnamdi
Azi
ki
we

ANSWER:
D

122. Thecount
ryt
hatmanuf
act
urest
heVol
vocarpr
oducti
s__
___
___
___
___
___
___
__?

A.Amer
ica

B.Fr
ance

C.Sweden

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D.Aust
ri
a

E.Ger
many

ANSWER:
C

123. Thecont
actbet
weenNi
ger
iansandBr
it
ishent
repr
eneur
sdur
ingt
hecol
oni
aler
a
was_
____
___
?

A.Cor
dial

B.Encour
agi
ng

C.Ent
erpr
isi
ng

D.Det
ri
ment
al

E.Al
ltheabov
e

ANSWER:
D

124. Whatki
ndofi
nfl
uencedoespeergr
ouphav
eonEt
hics?

A.Posi
ti
ve

B.Negat
ive

C.Uni
tyamongy
out
hs

D.Al
ltheabov
e

E.Noneoft
heabov
e

ANSWER:
B

125. Ni
ger
ianYout
h’i
ndi
scr
imi
nat
emut
il
ati
onoff
orei
gnJeanswari
sasi
gnof
_
___
___
__

A.I
rr
esponsi
bil
i
ty

B.Lackofent
repr
eneur
ial
mindset

C.Rascal
i
ty

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D.Cr
imi
nal
i
ty

E.Al
ltheabov
e

ANSWER:
E

126. _
___
___
___
__r
efer
stot
hequal
i
tyofbei
nghonestandupr
ighti
nchar
act
er

A.Et
hics

B.Val
ue

C.I
ntegr
it
y

D.Rel
i
gious

E.Al
ltheabov
e

ANSWER:
C

127.Tovandali
zeordestr
oyi
nfr
ast
ruct
uresi
nter
ti
aryi
nst
it
uti
onsi
scont
rar
ytot
heci
vi
li
zed
tenetsofent
repreneur
shi
p

A.Tr
ue

B.Fal
se

C.Tr
ue/
Fal
se

D.Fal
sehood

E.Al
ltheabov
e

ANSWER:
A

128.Theabi
l
ityt
oper
cei
veanent
repr
eneur
ial
trendi
sthegat
ewayt
o__
___
___
___
___
__?

A.Di
scov
erbusi
ness

B.Fai
l
ure

C.Success

D.Fame

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E.Empl
oyment

ANSWER:
C

129.Suddenchangesi
ngov
ernmentpol
i
cyi
samaj
orsour
ceof_
___
___
___
___
___
___
___
__?

A.Recessi
on

B.Unempl
oyment

C.I
nvest
or’
sLapses

D.Busi
nessoppor
tuni
ty

E.Al
ltheabov
e

ANSWER:
D

130.Copy
rightwor
kinnat
ional
gov
ernment
sandi
nter
nat
ional
bodi
esl
apses

A.Af
ter50y
ear
soft
het
enur
eoft
hegov
ernment

B.Af
tert
het
enur
eofasi
tt
ingpr
esi
dent

C.Af
ter60y
ear
sfr
om t
hei
nit
iat
edat
e

D.70y
ear
saf
tert
heendoft
hey
eart
hewor
kwasf
ir
stpubl
i
shed

E.Al
theabov
e

ANSWER:
D

131.Whatr
oledoest
ri
bal
cul
tur
epl
ayi
nent
repr
eneur
shi
pdev
elopment
___
___
___
___
___
__?

A.Posi
ti
ve

B.Negat
ive

C.Suppor
ti
ve

D.Ampl
e

E.Ambl
e

ANSWER:
B

132.Whatki
ndofdi
rect
iondoesast
rat
egi
cpl
anpr
ovi
desi
nbusi
ness_
___
___
___
__?

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A.Pl
utocr
ati
c

B.Aut
hor
it
ari
an

C.Long-
range

D.Shor
t-
range

E.Noneoft
heabov
e

ANSWER:
C

133.Communi
cat
ioni
nbusi
nessmustbebui
l
ton_
___
___
___
___
?

A.Ex
per
ience

B.Di
shonest
y

C.Cr
aft
iness

D.Honest
y

E.Al
ltheabov
e

ANSWER:
D

134.Whichsoci
ali
nst
it
uti
oni
nNi
ger
iadoesnotencour
ageent
repr
eneur
shi
pdev
elopment
___
____
?

A.Cor
por
ati
on

B.Tr
adeassoci
ati
on

C.Sol
epr
opr
iet
orshi
p

D.Rel
i
gion

E.Al
ltheabov
e

ANSWER:
D

135.Ownerandaut
hor
shi
p:

A.Ar
ethesame

B.Ar
eint
ert
wine

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C.Ar
enott
hesame

D.Mayr
elat
etoget
her

E.Al
ltheabov
e

ANSWER:
C

136.Theent
repr
eneurpl
ayswhatki
ndofr
olei
nthenat
ional
economy_
___
___
___
___
___
_?

A.Cr
aft
y

B.Goal
ori
ent
ed

C.Honest

D.St
rat
egi
c

E.Al
ltheabov
e

ANSWER:
D

137.Forabusi
nesst
obesuccessf
ul,
itmusthav
egood_
___
___
__?

A.Foundat
ion

B.GoodCEO

C.Zer
ocor
rupt
ion

D.Pat
ronage

E.Noneoft
heabov
e

ANSWER:
D

138.__
____
___
___
___
_ref
erst
othebasi
crul
esf
orconduct
inganyact
ivi
tyi
nanaccept
abl
e
manner?

A.Soci
ali
zat
ion

B.I
ntegr
it
y

C.Et
hics

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D.Cul
tur
e

E.Rel
i
gion

ANSWER:
C

139.Howmaybr
aincel
li
sasoci
alent
repr
eneurexpect
edt
oexpandi
nhi
sli
fet
ime_
___
___
__?

A.2.
5mi
l
li
on

B.1mi
l
li
on

C.3mi
l
li
on

D.3.
5mi
l
li
on

E.1.
7mi
l
li
on

ANSWER:
E

140._
___
___
____
_ar
ethi
ngshel
dinhi
ghest
eem bysoci
ety
?

A.Goodname

B.Educat
ion

C.Fami
l
y

D.Val
ue

E.Money

ANSWER:
D

141.Thef
atherofent
repr
eneur
shi
pis_
___
___
___
___
___
___
___
_?

A.Ri
char
deCant
il
li
on

B.Ri
char
dCant
il
li
on

C.Ri
char
dCant
il
ion

D.Ri
char
dCant
ion

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E.Ri
chal
doCant
il
li
on

ANSWER:
B

142.Capi
tal
goodsf
all
sunderwhatcl
assoft
echnol
ogy_
___
___
___
___
__?

A.Har
dtechnol
ogy

B.Sof
ttechnol
ogy

C.Machi
ner
y

D.Aut
omot
ivet
echnol
ogy

E.Al
ltheabov
e

ANSWER:
A

143.TheBusinessext
ernal
env
ironmenti
scl
assi
fi
edi
nto_
___
___
___
___
__and_
___
___
___
___
_
envi
ronments?

A.Mi
croandMacr
o

B.TaskandMacr
o

C.Taskandext
ernal

D.Mi
croandi
nter
nal

E.Al
ltheabov
e

ANSWER:
B

144.Technol
ogi
cal
innovat
ionoccur
smor
efr
equent
lyt
hanwhi
cht
ypeof
i
nnovati
on___
___
___
____?

A.Cr
eat
ivei
nnov
ati
on

B.Radi
cal
innov
ati
on

C.I
ndust
ri
ali
nnov
ati
on

D.Br
eakt
hroughi
nnov
ati
on

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E.Noneoft
heabov
e

ANSWER:
D

145.Whicht
ypeofi
nnov
ati
oni
srepr
esent
edbyt
hef
undament
alr
e-concept
ual
i
zat
ionofa
busi
ness__?

A.Di
srupt
ive

B.Pr
ocess

C.I
ncr
ement
al

D.Radi
cal

E.Noneoft
heabov
e

ANSWER:
D

146.Admi
nist
rat
ivei
nnov
ati
oni
nvol
veor
gani
zat
ional
str
uct
ure

A.Tr
ue

B.Fal
se

C.Uncer
tai
n

D.Tr
ue/
Fal
se

E.Uncer
tai
n

ANSWER:
A

147.Theel
ementoft
hei
nnov
ati
onpr
ocesst
hatpr
ovi
desv
aluet
ocust
omer
siscal
l
ed
___
_____
___
?

A.I
nnov
ati
on

B.Cr
eat
ivi
ty

C.Commer
cial
appl
i
cat
ion

D.Busi
nesspol
i
cy

E.Noneoft
heabov
e

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ANSWER:
C

148.ThePsy
chol
ogi
cal
Propensi
ti
esf
ormal
eandf
emal
eent
repr
eneur
sar
esi
mil
ar

A.Tr
ue

B.Fal
se

C.Fal
sehood

D.Maybe

E.Uncer
tai
n

ANSWER:
A

149.Theabi
li
tyofanent
repr
eneurt
oinnov
atei
sthoughtt
orel
atet
oinnat
etr
ait
ssuchas
___
_____and____
____
__?

A.Cr
eat
ivi
tyandr
iskt
aki
ng

B.Cr
aft
inessandCr
eat
ivi
ty

C.I
ntr
over
sionandr
iskt
aki
ng

D.Ex
trov
ersi
onandr
iskt
aki
ng

E.Al
ltheabov
e

ANSWER:
D

150._
___
___
___
___
___
arecat
aly
stsf
oreconomi
cchange?

A.Sol
epr
opr
iet
ors

B.Par
tner
shi
ps

C.Ent
repr
eneur
s

D.I
ntr
apr
eneur
s

E.Al
ltheabov
e

ANSWER:
C

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151.Theper
sonwhoI
nnov
atespr
oduct
stoenhancemar
ket
abi
l
ityi
nacor
por
ati
oni
scal
l
ed
___
___?

A.

B.ACapi
tal
i
st

C.Anent
repr
eneur

D.AnI
ntr
apr
eneur

E.ASal
esper
son

F.Al
ltheabov
e

ANSWER:
C

152.JosephSchumpet
erwasbor
ninwhi
chcount
ryi
n1883_
___
___
___
___
?

A.USA

B.Br
it
ain

C.Fr
ance

D.Japan

E.Aust
ri
a

ANSWER:
E

153.Cy
rusMcCor
micki
nvent
ed_
___
___
___
___
___i
n1831?

A.Car

B.Locomot
iveengi
ne

C.Tr
act
or

D.Jet

E.Mechani
cal
reaper

ANSWER:
E

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154.Cor
por
atecul
tur
esandt
ri
bal
cul
tur
esar
eint
ert
wine

A.Tr
ue

B.Fal
se

C.Tr
ue/
Fal
se

D.Ambi
guous

E.Noneoft
heabov
e

ANSWER:
B

155.Sust
aini
nganent
repr
eneur
ial
cul
tur
edependsonwhoy
ouempl
oy

A.Tr
ue

B.Uncer
tai
n

C.Fal
se

D.Cer
tai
n

E.Di
sagr
ee

ANSWER:
A

155.Ther
elat
ionshi
pbet
weent
echnol
ogyandent
repr
eneur
shi
pis_
___
___
___
___
___
___
_?

A.Ambi
guous

B.Sci
ent
if
ic

C.Hi
stor
ical

D.Ger
mai
ne

E.Al
ltheabov
e

ANSWER:
C

156.Pat
ent
sar
egr
ant
edf
or:

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A.Pr
otect
ion

B.I
nnov
ati
on

C.Tr
ademar
k

D.I
nvent
ion

E.Al
ltheabov
e

ANSWER:
D

157.I
tiswi
del
yknownt
hatent
repr
eneur
sar
e__
___
___
___
___
___
___
___
__

A.Fr
iendl
y

B.Er
rat
ic

C.Rel
i
gious

D.Pr
agmat
ic

E.Unusual

ANSWER:
E

158.Ni
ger
ianst
hatexi
stedi
n__
___
___
___
_wer
emor
eent
repr
eneur
ial
thanmoder
nNi
ger
ians?

A.9000BC

B.1800s

C.17thcent
ury

D.15cent
ury

E.Al
ltheabov
e

ANSWER:
A

159.I
nnov
ati
oni
ssy
nony
mouswi
th_
___
___
___
___
___
_?

A.Pr
oductdesi
gn

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B.Mar
ketv
alue

C.Ri
skt
aki
ng

D.Jobcr
eat
ion

E.Pr
oductpr
ocess

ANSWER:
C

160.
Thepr
obl
em wi
thnewv
ent
urecr
eat
ionpr
ocessi
sobt
aini
ng

A.Fami
l
ysuppor
t

B.Mi
smanagement

C.Fi
nanci
ng

D.Equi
ty

E.Noneoft
heabov
e

ANSWER:
C

161.Thet
ri
part
it
er el
ati
onshi
pbet
weent
echnol
ogy
,ent
repr
eneur
shi
pand_
___
___
___
___
_does
notexi
sti
nNigeri
a?

A.Money

B.Cor
rupt
ionf
reesy
stem

C.Honest
y

D.Cor
por
ati
on

E.Smal
landmedi
um ent
erpr
ise

ANSWER:
B

162.Thesear
chf
orseedandgr
owt
hcapi
tal
fal
l
sunderwhi
chschool
oft
hought
?

A.Cr
eat
iveSchool
oft
hought

B.Dev
elopmentSchool
oft
hought

C.School
ofhi
ghl
i
ght

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D.Fi
nanci
alSchool
oft
hought

E.Al
ltheabov
e

ANSWER:
D

163.Car
eerr
iski
samaj
orr
iskt
oanent
repr
eneur

A.Tr
ue

B.Fal
sehood

C.Fal
se

D.Ambi
guous

E.Al
ltheabov
e

ANSWER:
A

164._
___
___
___i
sthef
ist
-st
epi
nthej
our
neyt
ost
art
ingabusi
ness?

A.Funds

B.Bui
l
ding

C.Fami
l
ysuppor
t

D.I
dea

E.Noneoft
heabov
e

ANSWER:
D

165.Gl
obal
i
zat
ionofbusi
nessoper
ati
onsi
snowpossi
bleduet
o:

A.Communi
cat
ion

B.Comput
er

C.Postof
fi
ces

D.I
nter
nal
cooper
ati
on

E.Al
ltheabov
e

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ANSWER:
B

166.Thecr
eat
ionofnewpr
oduct
siscal
l
ed_
___
___
___
?

A.I
nnov
ati
on

B.I
nvent
ion

C.I
nver
sion

D.Al
ltheabov
e

E.Noneoft
heabov
e

ANSWER:
B

167._
___
___
___
___
___i
sasour
ceofext
ernal
fundi
ngt
hati
scont
ri
but
edbypar
tner
s?

A.Equi
ty

B.Commer
cial
loans

C.Vent
urecapi
tal

D.Fami
l
yandf
ri
endsf
undi
ng

E.Al
ltheabov
e

ANSWER:
C

168.I
nAfr
ica,
mostpeopl
econsi
dert
echnol
ogi
cal
dev
elopmentast
hepr
act
ical
appl
i
cat
ionof
sci
ence

A.Tr
ue

B.Fal
se

C.Fal
sehood

D.Maybe

E.Noneoft
heabov
e

ANSWER:
A

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169.TheNi
ger
ianeconomyi
spr
opel
l
edbyCor
por
atei
nput
.

A.Tr
ue

B.Tr
ue/
Fal
se

C.Fal
se

D.Maybe

E.Noneoft
heabov
e

ANSWER:
C

170.Bi
l
lGat
esi
nvent
edcomput
ert
echnol
ogy
.

A.Fal
se

B.Tr
ue/
Fal
se

C.Tr
ue

D.Uncer
tai
n

E.Ambi
guous

ANSWER:
A

171.Howmai
nbr
aincel
l
sar
ether
eint
hehumanbr
ain?

A.12mi
l
li
on

B.16mi
l
li
on

C.17bi
l
li
on

D.18bi
l
li
on

E.20bi
l
li
on

ANSWER:
D

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172.___
___
__i
sdef
inedast
het
echni
quef
orconv
ert
ingi
nput
stoout
put
sinachi
evi
ngaspeci
fi
c
task?

A.Pr
oduct
ion

B.I
ndust
ri
aldesi
gn

C.Technol
ogy

D.Al
ltheabov
e

E.Noneoft
heabov
e

ANSWER:
C

173.Technol
ogyt
ransf
eri
sacompl
expr
ocess.

A.Tr
ue

B.Fal
se

C.Fal
sehood

D.Uncer
tai
n

E.Ambi
guous

ANSWER:
A

174.Agr
icul
tur
eaccount
sformor
ethan_
___
___
___
___per
cent
ageofnon-
oil
expor
ts?

A.50%

B.70%

C.80%

D.85%

E.95%

ANSWER:
B

175._
___
___
___
___i
sasoci
albehav
iort
hatbr
eedspov
ert
y?

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A.Lazi
ness

B.Br
okenhomes

C.I
nfer
ior
it
ycompl
ex

D.Cor
rupt
ion

E.Lackoft
rai
ning

ANSWER:
C

176.Whi
cht
ypeofi
nnov
ati
oni
sder
ivedf
rom mar
ketanal
ysi
s__
___
___
?

A.Radi
cal
innov
ati
on

B.Br
eakt
hrough

C.Technol
ogi
cal
innov
ati
on

D.Or
dinar
yinnov
ati
on

E.Noneoft
heabov
e

ANSWER:
D

177.__
_ __
_and_
___
__ar
eof
tenper
cei
vedasessent
ial
leader
shi
pat
tri
but
esf
orsuccessf
ul
entr
epreneur
s

A.Cr
eat
ivi
tyandi
nnov
ati
veski
l
l

B.Managementski
l
landst
rongt
eam bui
l
dingabi
l
iti
es

C.Wor
kshopandconf
erence

D.Lear
ningandconst
antr
esear
ch

AnswerB

178.Leader
shi
p,managementabi
l
ityandt
eam bui
l
dingar
econceptwhi
chor
igi
nat
edf
rom t
he
workof

A.
Schumpt
er

B.Col
l
insandmoor
e

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C.Bi
rd(
1992)

D.Ri
char
dcant
il
li
onandJeanBapt
ist
eSay

AnswerD

179.I
nwhaty
eardi
dtheconceptofl
eader
shi
pandmanagementski
l
lor
igi
nat
ed?

A.1879

B.1999

C.1982

D.1755

AnswerD

180._
____
_showsthatthepsy
chol
ogi
cal
propensi
ti
esf
ormal
eandf
emal
eent
repr
eneur
sar
e
moresimi
lart
handi
ffer
ent?

A.Psy
chol
ogi
cal
studi
es

B.Soci
ologi
cal
studi
es

C.Env
ironment
alst
udi
es

D.Noneoft
heabov
e

AnswerA

181.Ent
repr
eneur
ial
behav
iori
sdependenton?

A.Soci
alandeconomi
cfact
or

B.Educat
ional
fact
or

C.Gov
ernment
alf
act
or

D.Annual
budget

AnswerA

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182._
____
_suggest
sthatmal
eent
repr
eneur
spossessst
rongnegot
iat
ingski
l
lthant
hef
emal
e
count
erpart
?

A.Psy
chol
ogi
cal
studi
es

B.Env
ironment
alst
udi
es

C.Empi
ri
cal
studi
es

D.Ent
repr
eneur
ial
studi
es

AnswerC

183.Ent
repr
eneur
sar
e__
___
___
_foreconomi
cchange

A.Cat
aly
st

B.Mai
nfact
or

C.Pi
oneer

D.Dr
iver
s

AnswerA

184.__
___
__i
smor el
ogical
l
yrest
ri
ctedtothoser
ightembeddedi
npat
ent
sandt
rademar
ks
whichhav
eacloseconnect
ionwi
thindust
ry

A.I
ntel
l
ect
ual
proper
ty

B.I
ndust
ri
alpr
oper
ty

C.Humanr
ight

D.Busi
nessr
ight

AnswerB

185._ _____
_lawgi
vescreat
orswhoseworkhavenoperf
ectsubsti
tutesthepowert
oincrease
theirrevenuebyr
estr
ict
ingt
heirpr
oduct
ionofcopi
esandchargi
ngf oreachapri
ceinexcessof
original
cost

A.Cr
imi
nal
law

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B.Companyl
aw

C.I
ntel
l
ect
ual
proper
ty

D.I
ndust
ri
alpr
oper
ty

AnswerD

186.I
ntel
l
ect
ual
proper
tyhascomei
ntouset
odescr
ibet
hecl
aim of
___
___
__

A.Humanr
ight

B.Busi
nessr
ight

C.Ci
ti
zensr
ight

D.Pr
oper
tyr
ight

AnswerD

187.Busi
nessext
ernalenv
ironmenthasbeenclassi
fi
edasbei
ng_
___
__wheni
tdoesnotshow
anychangeand_____
__wheni tshowsr
elat
ivechanges

A.Unst
abl
e,st
abl
e

B.St
abl
e,unst
abl
e

C.Pr
ogr
essi
ve,
unpr
ogr
essi
ve

D.Unpr
ogr
essi
ve,
progr
essi
ve

AnswerB

188.The_
___
___env
ironmentcont
ainst
heowneroft
hebusi
nessandt
heshar
ehol
der
s

A.I
nter
nal

B.Ext
ernal

C.Dependent

D.I
ndependent

AnswerA

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189.Accordi
ngt
oJosephschumpt
eri
n__
___t
heent
repr
eneur
sseekst
oref
orm orr
evol
uti
oni
ze
thepat
ternofpr
oduct
ion

A.1934

B.1935

C.1926

D.1923

AnswerA

190.Accor
dingt
oschumpt
er,
ent
repr
eneuri
san?

A.I
nvent
or

B.I
nnov
ator

C.Cat
aly
st

D.Ri
skt
aker

AnswerB

TEAM ASSETWI
SHYOUALLSUCCESSI
NYOUREXAMS.
.

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