UNIVERSITY OF
NIGERIA NSUKKA
CENTRE FOR
ENTREPRENEURSHIP AND DEVELOPMENT RESEARCH
SESSION:
2009/2010
COURSE NAME: INTRODUCTION TO ENTREPRENEURSHIP CED
341
1. One of the
following groups of authorities is not connected with entrepreneurship
development.
A.Richard Cantilon, Lean Baptish Say,
Francis Walker
B.Joseph Schumpeter, David McClelland,
Peter Drucker
C.Albert Shaperro, Giffort Pinchot, Robert
Histich
D.Michael Baron, Desmond Vesparte, karl
Winder
2. The Copyright
law grants the owner all these rights except
A.The right to reproduce the work, the
right to copy, duplicate and imitate the work
B.The right to derive work to modify and
create new works out of the existing work
C.The right to intensify efforts at
killing all pirates
D.The right of distribution of the said
work to the public through sales
3. The Corporate Affairs
Commission is Charged with the registration of the following businesses except;
A.Cooperative Societies
B.Partnerships
C.Consultancy services
D.Public Liability Companies
4. Micro
enterprises are enterprises that
A.Employ between 1-10 workers with cost
structure below #1 million
B.Have fixed assets (including land) plus
cost of investment project below #1 million
C.Have total investment of between #1
million
D.All of the above
5. Technopreneurship
development in Nigeria can be measured by all EXCEPT one of the following;
A.ICJ compliance rate
B.Parallel linkages and obstructions
C.Access to and cost of ICT
D.Interconnectivity
6.
One of these is not among the states of
developing an effective succession plans in family Business.(a) Developing a
clear understanding of the capabilities required to undertake those roles (b)
Identifying roles for succession (c) identifying employee who could potentially
fill and perform the role (d) Risk taking and innovation
7.
Creativity
is _______ (a) Having physical and mental capacity to understand vision (b)
Process of generating creative ideas and converting them into novel useful and
viable commercial products services and business practices (c) Generation of
novel ideas by individuals or groups as a necessary step within the innovation
process (d) Creating order and efficiency through control, evolution, and
demonstration practices.
8.
Which
of these is the un controllable factor in international entrepreneurial
decisions (a) Contract environment (b) political-legal environment (c)
With-worth environment (d) Distribution environment
9.
Entrepreneurial
activities consist of the following key elements EXCEPT (a) Spiral intensify
(b) New venturing (c) Innovativeness (d) Self-help
10.
Legislation
seeks to accomplish the following purposes with the exception of (a) Protecting
consumers from business firms adulteration of products (b) Protecting business
firms against monetary suitability (c) Protecting companies from unfair
competitions (d) Protecting larger society interest against unbridled business
behavior.
11.
Regardless
of the field, all the definition of entrepreneurship analyzed in this course
stresses that (a) Entrepreneurship involves the creation process (b)
entrepreneurship requires the devotion of the necessary time and effort (c) The
risks take variety of forms, depending on the field of effort of the
entrepreneur, but usually centre around financial, psychological and social
areas (d) All of the above
12.
Wallas
model of creative process stages does not include (a) Preparation (b)
Incubation (c) Brainstorming (d) Intimation
13.
A
Social business is (a) Non-profit business for all members of the society (b)
Profit-making organization with social benefits to the investors (c) An
organization that applies market based strategies to achieve social change (d)
A social change brought about by organization movements that apply market based
strategies.
14.
Entrepreneurial
mindset that: (a) focuses on entrepreneurship (b) Leads to innovative practices
and identification of business opportunities (c) supports business ventures (d)
Operates a business
15.
Business
opportunity is considered valid when (a)( there is availability of market (b)
there is no steady supply (c) the funding relies on government loan (d) The
implementation require some foreign expertise.
16.
Functions
performed by entrepreneur in an organization does not include ( a) Helping the
company increase their profitability (b) Helping the organization reduce the
costs of their operation (c) Mobilizing the resource required (capital) by the
organization (d) spearheading or creating activities
17.
A
distinctive sign identifying certain goods or services as product of specific
person or enterprise is (a) Trade secret (b) Copyright (c) patent (d) Trade
mark
18.
A
family business has been described as a “complex dual system”. The term “dual
system” is best described as (a) family members are sole-owners of the business
(b) family business is essentially the same in every country of the world (c)
family members involved in the business are part of a task-system (business and
part of a family) (d) the business belong to the family only.
19.
A
vessel effectively use to effect changes, define new ideas and products, solve
human problems in an organization is called: (a) productivity (b)
Entrepreneurship (c) Creativity (d) Economic Policy
20.
The
most important skills of an entrepreneur do not include (a) Visionary skills
(b) Technical Skills (c) Managerial Skills (d) Monetary Skills.
21.
Intraprenurship
is most strongly reflected in Entrepreneurial activities and top management
orientation in an organization except by (a) New business venture (b)
innovativeness (c) Proactive (d) inactivity and laziness
22.
Corporate
entrepreneurship can take place within the organization (a) Internally only (b)
Externally only (c) Internally and externally (d) incubation
23.
Intellectual
property is an odd notion because (a) it does not have tangible expression (b)
Property claim refers to tangible assets (c) It is plagiarism (d) it refers to
intangible objects
24.
Which
of the following claims does not depicts the woman entrepreneur? (a) By nature
and exposure women are interface in the family (b) the tenancy of nurturing
children is beneficially transfverred to the business (c) Women by nature are
creative and persistent in achieving their desires (d) They are good innovators
and have passion to develop what they believe in.
25.
Copying
or printing protected work or product without the permission of the true owner
is called: (a) Violation of trademark (b) Infringement of copyright (c) Piracy
(d) undisclosed act
26.
Idea
identification, planning, implementation, successful completion and reward are
the stages of (a) Creativity (b) Innovation (c) Entrepreneurship (d)
Technological
27.
One
of the following is not a true definition of entrepreneurship (a) it is the
unwillingness and the inability of an individual to seek out investment
opportunities in an environment (b) Entrepreneurship is the process of
identifying, developing and bringing a vision to life (c) it is the creation,
building and distribution of something of value from practically nothing to
individuals, groups, organizations and society. (d) Entrepreneurship is a clear
manifestation of human intelligence as demonstrated in creative performance
28.
External
efforts in corporate entrepreneurship entail the following except (a) Venture
spin-off (b) Business Venture (c) Corporate Venture (d) Joint Venture
29.
Which
of the following statements are incorrect? (a) Creativity (b) Creativity is an
important attribute of a successful entrepreneur (c) Latent creativity of
individual can be stifled by perpetual, cultural, emotional or organizational
factors (d) Creativity can be unlocked
30.
Patent
is a contract between (a) An inventor and the law Court (b) An inventor and the
Public/Community (c) An inventor and the company (d) An inventor and the
Government
31.
Barriers
to women entrepreneurship in Nigeria include (a) Social activities like village
meetings, Church engagements and others (b) traditional roles, lack of skill,
education and support system (c) Laziness, body weight and carelessness (d)
having too many children and problem of extended family
32.
Entrepreneurship
according to Joseph Schumpeter emphasizes innovation in the following forms
except (a) Product (b) Product Process (c) Risk (d) Market
33.
The
social entrepreneur has all the attributes of traditional entrepreneur except
in (a) innovative/inventive tendencies (b) Visionary approach to business (c)
managerial acumen (d) profit making as a purpose
34.
Business
venturing (Starting of new business) in Nigeria may be hindered in many ways
except (a) Government introduction of civic and skill acquisition centers
working through such agencies as Entrepreneurship Development Centre (EDC) and
national Directorate of employment (NDE) (b) poor power supply (c) Government
numerous business regulations (d) corruption
35.
Which
of the following is true about intrapreneurs (a) They posess special skills and
always identify opportunity (b) they are born original (c) they are keen in
making profit (d) They must be young and attractive
36.
Innovation
is all about (a) Collection of wants (b) adding value to creativity (c)
identifying opportunities for sales (d) Generating needs
37.
The
following are ways by which culture affects entrepreneurship except (a)
Religious demand (b) Dressing (c) Pottery (d) Diet
38.
All
these are barriers to entrepreneurial practices in Nigeria except (a)
Certificates in every field (b) Cultural inclinations (c) Poor education (d)
Lack of specific skills
39.
Sources
of information for finding and screening venture opportunities include all
except (a) Angel ventures business plan competition (b) Professional (c)
newspapers (d) network of trust
40.
Which
of these regulatory agencies protect piracy? (a) NCNC (b) IPR (c) UAC (d) NPF
41.
An
entrepreneur can reduce risk through one of the following (a) Evaluation of the
venture stock (b) transferring risks to employees (c) Controlling indiscipline
in the organization (d) Carefulness
42.
Business
environment is characterized by (a) subsidiary effects (b) internal and
external factors (c) Managerial and technical effect (d) Knowledge and
competence
43.
Social
entrepreneurs are mostly concerned about (a) Creativity innovation (b)
Innovative and untested idea for positive social change (c) idea initiation (d)
Exceptional individuals
44.
The
apex regulatory agency on copyrights in Nigeria is (a) Economic and Financial
Crime Commission (b) International Federation of Reproduction Rights
Organization (c) Nigeria Film Corporation (d) None of the above
45.
The
difference between an idea and an opportunity is (a) ideas are generated by a
group of persons, while an opportunity is discovered by one person
(entrepreneur) (b) An opportunity is filled with promise and potential, whereas
an idea is only a thought without life (c) ideas are not just major issues, but
opportunities are in entrepreneurship (d) There is just no difference
46.
Technological
advancements have opened up new opportunities for entrepreneurs in the
following ways except (a) Economics of sale through standardization of
products/production process (b) Globalization of markets (c) information
technology with impact on organizational configuration (d) technological
obsolesce
47.
Intellectual
property rights are legal rights created by law to encourage invention and
creativity and discourage piracy and property theft. The legal right that
protects Artists is called (a) Tort (b) Bankruptcy (c) Merger (d) Copyright
48.
The
Lion FM radio station in the University of Nigeria Nsukka is a typical example
of (a) Entrepreneurship (b) Intrapreneurship (c) Corporate entrepreneurship (d)
Organizational entrepreneurship
49.
Which
of these theorists asserts that one’s religious belief create a positive o
negative attitude towards profit generation? (a) John kirzner theory (b) Frank
young theory (c) Max Weber theory (d) Casson theory
50.
The
internet is an example of (a) Social innovation (b) technological innovation
(c) IT innovation (d) Technology cycles
What of the answers
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