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1. ____ (2002) Entrepreneurship is the process of creating something new with value by devoting the necessary time and effort.
a) Peter
b) Henry
c) Hisrich
d) Zchemishy
2.……………. Is especially popular in the under developed countries
Ans. small scale
3.……………… is Nigeria’s premier agricultural and rural development finance institution
Ans. BOA
4.……………. Theory contends about one’s willingness to accept risk
Ans. risk taking
5.…………… focuses on building social relationships and bonds that promotes trust and not opportunism
Ans. social network
6.Arthur H. Cole classified entrepreneurs in the following categories EXCEPT
Ans. Creativity
7.……………. Defined entrepreneurship as the dynamic process of creating incremental wealth
Ans. Ronstadt ( 1964 )
8.……………. Entrepreneur adopts successful innovations introduced by other innovators
Ans. Imitative
9.The economic theory of entrepreneurship is sub-divided into …………….
Ans. Three
10.The concept of entrepreneurship has been traced to the ………… school at the earliest period to the 21st century
Ans. classical
Theory of Entrepreneurship (ENT209 241)
1._____ are entrepreneurs who inherit their family business and expand it further.
ANS: Family business
2.The term entrepreneur seems to have been introduced into economics by _____
ANS: James Stuart
3. According to _____, the entrepreneur represents societyl's model personality
ANS: Cochran
4.the NDE was established in _____
ANS: november, 1986
5. refers to someone who works as per the norms in the society but without hope of improvement in the working conditions or his status
ANS: Ritualist
6. attributes differentiate entrepreneurs from non-entrepreneurs
ANS: Psychological
7. The innovation theory was first advocated by _____
ANS: Joseph Schumpeter
8._____ are entrepreneurs who are unhappy with the organization, they worked with and decide to start a new venture
ANS: Discontented
9. According to_____ entrepreneurship is most likely to emerge when a society has sufficient supply of individuals possessing particular psychological characteristics.
ANS: psychologists
10. Entrepreneurs who are unhappy with the organization they worked with and decide to start a new venture are referred to as _____ entrepreneurs.
ANS:discontented
