MCQ1:  The word ‘‘entreprendre’’ was coined from---------------------word Answer: Greek MCQ2: Entrepreneurship started as far back as ------------------century Answer: 16th MCQ3: Entrepreneurship is a process of creating something new with value by devoting the neccesary time and efforts. This was defined by Answer: Hisrich MCQ4: There are three views of entrepreneurship Answer: True MCQ5: The word ‘‘entreprendre’’ implies; Answer: Adventurer/ Undertaker MCQ6: The term ‘‘entrepreneur’’ was introduced to the school of economics by Answer: Cantillion MCQ7: The phrase ‘‘undertaker of a project’’ was popularised by ------------- in England Answer: James Stuart Mill MCQ8: The entrepreneur represents society’s model personality. This description was made by Answer: Cochran MCQ9: The performance of an entrepreneur is dependent upon his -----------towards his occupation Answer: Attitude MCQ10: Schumpeter believes that entrepreneurs are primarily motivated by an atavistic will to power Answer: True MCQ11: The following are the characteristics of an entrepreneur except Answer: Rich MCQ12: The evolution of entrepreneurship started in the ---------- era Answer: 15th century MCQ13: In the 20th century, the focus of entrepreneurship in economic development was through innovation Answer: True MCQ14: The entrepreneur is solely responsible for pooling resources, labour, materials and other assets together in order to make their value greater than before. This statement is applicable to -------school of thought Answer: Economics MCQ15: Taxation policy is one of the economic factors that an encourage or discourage entrepreneurship Answer: True MCQ16: Personality trait, need for achievement and locus of control are associated with entrepreneurial inclination Answer: True MCQ17: The following are personality trait exhibited by an entrepreneur except Answer: Self-centeredness MCQ18: The need for achievement theory was propounded by----------------- Answer: Thomas MCQ19: Julian Rotter was the first to introduce -------in psychological school of entrepreneurship Answer: Locus of control MCQ20: The theory of innovation was introduced in ---------- year Answer: 1934 MCQ21: ------------------ theory emphasizes the impact of religion on entrepreneurial development Answer: Max Weber theory MCQ22: Max Weber theory suggests the belief system of Hinduism, Buddhism and Islam does not encourage entrepreneurship Answer: True MCQ23: ------------------- included resourcefulness into the opportunity based construct Answer: Stevenson MCQ24: The access to resources by the founder/originator is an important predictor of opportunity-based entrepreneurship and new venture growth. Answer: True MCQ25: The human capital entrepreneur theory comprises of two factors which are Answer: Education and experience MCQ26: To be an entrepreneur implies a discovery process Answer: True MCQ27: The following are the contributors to the classical school of entrepreneurship except; Answer: Friedrick Hayek MCQ28: -------------- described an entrepreneur as a person who pays a certain price for a product to resale it at an unknown price, thereby making decisions about obtaining and using resources. Answer: Richard Cantillion MCQ29: ------------ identified the role of uncertainty and realized that it is uncertainty that makes the role of an entrepreneur very difficult and tedious. Answer: Jean Baptist Say MCQ30: -------- was a British economist who recognised an entrepreneur as central to economic theory in 1848 Answer: John Stuart Mill MCQ31: McClelland stressed the importance of middle childhood as the formative period of entrepreneurial attitude. Answer: True MCQ32: The need for achievement theory was introduced by------------ Answer: David McClelland MCQ33: __________ defined an entrepreneur as an individual interested in solving practical and technical problem and is driven by a duty to achieve. Answer: Hagen, Everett MCQ34: The end of the personality dichotomy is known as _________ Answer: Authorian/non-creative dichotomy MCQ35: Non-innovative personalities are as a result of up-bringing in the traditional authoritarian families Answer: True FBQ1: ____ is an entrepreneur who adopts successful innovation introduced by other innovators Answer: Imitative/Adoptive FBQ2: ____ are entrepreneurs that are typically conservative or conventional in their outlook Answer: Drone FBQ3: ____ is an entrepreneur who hardly introduces anything revolutionary and follows the principle of rule of thumb. Answer: Empirical FBQ4: ____ is well informed about the general economic condition and introduces changes which look more radical. Answer: Rational entrepreneur FBQ5: ____ are the ones who want to self-actualize themselves, want to achieve something they are capable of, just for the sake of independence and autonomy Answer: Self-actualizers FBQ6: ____are the one who are unhappy with the organization they worked with and decide to start a new venture. Answer: Discontented entrepreneurs FBQ7: ___, ____, _______ and ______ skills are expected to be possessed by an entrepreneur Answer: Communication skills, human skills, technical skills and conceptual skills FBQ8: The new classification of entrepreneur is _________, ___________, __________, challengers, _______, ____________ and life-timers Answer: Solo-operator, active partners, inventors and buyers FBQ9: Arthur H. Cole classified entrepreneurs into three which are ____, ________ and ________ Answer: Empirical, Rational and Cognitive FBQ10: Clarence Danhof classified entrepreneurs into ________, _______, ________, ______ Answer: Innovative, adoptive/imitative, fabian and drone FBQ11: In the 20th century, the focus of entrepreneurship in economic development was through________ Answer: Innovation FBQ12: Entrepreneurs were viewed from ___________ and _________ perspective in the 18th century  Answer: Economic and managerial FBQ13: The classification of the entrepreneur made by Nadiu and Rao(2008) is ____ and ____ Answer: Socio-cultural FBQ14: The key term of McClelland theory is __________ Answer: High need for achievement FBQ15: ____, _______ and _________ are the key terms used by Cantillion, Baudeu and Turgot in their contribution towards entrepreneurship. Answer: Uncertain wages, Innovation/knowledge/information and Capitalist investment decision FBQ16: What is the meaning of NIDB? Answer: Nigerian industrial development bank FBQ17: What is the meaning of N.O.A.S.? Answer: National open apprenticeship scheme FBQ18: What is the meaning of SAP? Answer: Structural adjustment programmes FBQ19: What is the meaning of SMEDAN? Answer: Small and medium enterprise development association of Nigeria FBQ20: The major objective for the centre for entrepreneurship development is ________  Answer: To make graduates self-employed, create jod opportunities and to generate wealth FBQ21: Hagen divided the personality dichotomy into two: ____ and ____________ Answer: Creative FBQ22: Entrepreneurship occupy the ______ of his personality dichotomy  Answer: Creative end FBQ23: The social learning theory was developed by ___________ in _________ (year). Answer: Rotter Julian .B. FBQ24: What is the meaning of BOI? Answer: Bank of industry FBQ25: __________ was an Austrian economist who made a revolutionary contribution through his book ‘‘principles of economics’’ Answer: Carl Menger FBQ26: What is the meaning of BOI? Answer: Bank of industry FBQ27: Knight identified two types of risks which is _______ and _______ risks Answer: Insurable FBQ28: The book ‘‘essai sur la nature du commerce en general’’ was published by ____ Answer: Richard Cantillion FBQ29: The term entrepreneurship was first used by ____ Answer: Cantillion FBQ30: ____ described an entrepreneur as one who possessed the arts and skills of creating new enterprises , a person who had exceptional insight into society’s needs and was able to fulfil them  Answer: Jean Baptist Say FBQ31: The opportunity based theory of entrepreneurship was propounded by ____ and ___ Answer: Peter Drucker FBQ32: What is the meaning of NERFUND? Answer: National Economic Reconstruction Fund FBQ33: The risk-bearing theory of entrepreneurship was propounded by____ Answer: Prof. Knight FBQ34: Friedrich Von Hayek was a ____ economist who contributed to _______ theory of entrepreneurship Answer: Neo-Austrian FBQ35: The innovation theory was first advocated by ____ Answer: Joseph Schumpeter