Entrepreneurship
Section A: Multiple Choice Questions
1. _______ is an individual who develops new business ideas, bears risk to create a new business
venture with the aim of making profit maximization.
A) Entrepreneur B) Entrepreneur C) Entrepreneurial D) Entrepreneurship
2. _______ is the process of generating new business ideas, taking risk to create a new business venture
with the aim of maximizing profit.
A) Entrepreneurship B) Entrepreneur culture C) Entrepreneurial spirit D) Entrepreneur
3. Which among the following is an exception of the 4Cs of entrepreneurship according to Chinedu
Echeru?
A) Creativity B) Capital C) Conviction D) Concise
4. One of the advantages of entrepreneurship to the entrepreneur is that:
A) It generates revenue to the government. B) It's a source of income. C) It increases GDP. D) It
enhances economic development.
5. Entrepreneurship is a process, while an entrepreneur is:
A) Profit making B) Gain making C) Risk business D) An individual
6. One of these will hinder entrepreneurial growth, which is:
A) Adequate finance B) Lack of government housing C) Lack of moral support D) Bad luck
7. The main motivation for an entrepreneur is:
A) Unemployment B) Employment C) Dependence D) Development
8. One of the characteristics that make a good entrepreneur includes:
A) Financial support from family members B) Favorable government policies C) Ability to identify and
explore opportunities D) Absence of competitors in the market
9. One of the ways the Cameroon government can help in forming entrepreneurs is by:
A) Providing incentives B) Providing bonuses C) Providing employment D) Providing ideas
10. Entrepreneurship is:
A) A subject that studies and executes business ideas B) A subject that is being studied in schools C) A
process of creating and securing business ideas D) The process of calculating business risks and
uncertainties
Section B: True or False
11. One of the advantages of entrepreneurship to an entrepreneur is that it increases government
revenue.
True or False
12. Entrepreneurship helps to increase crime wave in the country.
True or False
13. When the government policies of the country are favorable, it will increase entrepreneurship
development.
True or False
14. High infrastructure facilities lead to low entrepreneurial development.
True or False
15. Loneliness and isolation can be significant disadvantages through entrepreneurship.
True or False
Section C: Fill in the Blank Spaces
16. Entrepreneurship is a process, while an entrepreneur is a _______________________.
17. One of the biggest challenges of entrepreneurship is _______________________.
18. The word "entrepreneur" finds its origin in the French word, which means
_______________________.
19. _______________________ can be an entrepreneur.
20. _______________________ is the way things are being done in a particular organization.
Part 2: Essay Questions
Choose two questions to answer:
1. State and explain five challenges of an entrepreneur in Cameroon.
2. Give five differences between an entrepreneur and a manager.
3. What are five differences between entrepreneur and entrepreneurship?
