MCQ1: NDE was established in…………… Answer: 1989 MCQ2: According to Schumpeter the single function of entrepreneur is……….. Answer: Innovation MCQ3: All of the following are problems of SMEs except……………. Answer: Innovation MCQ4: Inside entrepreneurs who follow the goals of an organization are known as………….. Answer: Intrapreneurs MCQ5: Sources of entrepreneur capital include the following except……………. Answer: Debentures MCQ6: The main focus of SMEDAN is on which of the following Answer: MSMEs MCQ7: Which of the following will not aid entrepreneurial behaviour in organizations? Answer: Manipulation MCQ8: In the USA investment in early stage in an expanding companies refers to……………. Answer: Venture capital MCQ9: The following are primary motives of intrapreneurs expect………. Answer: Tendency for action MCQ10: The dynamic theory of entrepreneurship was developed by…….. Answer: Schumpeter MCQ11: The entrepreneur that collects and sells electronic information is known as…………… Answer: Infopreneur MCQ12: The individual who buys equipment from the producer and places it at the disposal of the lessee is known as ………. Answer: Lessor MCQ13: The offer of new securities to the investing public is known as………….. Answer: Issue by prospectus MCQ14: The life-blood of an organization is called………….. Answer: Finance MCQ15: The theory that focuses on the perception of market opportunities as source of entrepreneurship is known as……….. Answer: Managerial theory MCQ16: The three factor theory of motivation was developed by…………. Answer: McClelland MCQ17: Fixed capital include the following EXCEPT; Answer: Stocks MCQ18: The stocks of finished and semi- finished goods is known as………. Answer: Inventories MCQ19: …………. Capital is a stock of knowledge in the labour force. Answer: Human MCQ20: The Erasmus for young entrepreneurs was introduced in…………. Answer: 2009 MCQ21: Infropreneurs that earn commissions from selling information that they know nothing about are known as………. Answer: Traffickers MCQ22: A business leader who uses political means to achieve his ends is known as a…………….. Answer: Baron MCQ23: Which of these is not used to define small business? Answer: None of the options MCQ24: Entrepreneurs who exploit business opportunities using personal skills are are called….. Answer: Craft entrepreneurs MCQ25: An enterprise which run to make profit for a private individual or group of individuals is known as……… business Answer: Small MCQ26: When a group of employees breaks off from the parent company to found a new company but continues to do business with the parent is called Answer: Blustering MCQ27: Entrepreneur who establishes a business for growth and expansion is referred to as………. Answer: Opportunistic entrepreneur MCQ28: Which of the following is not an objective of entrepreneurial education? Answer: Profit making MCQ29: Business ………….provide services to individuals and groups in a community Answer: Enterprise MCQ30: The population ecology theory of entrepreneurship was developed by …………. Answer: Freeman MCQ31: Which of the following is not a megatrend entrepreneurial opportunity Answer: Family changes MCQ32: There are ………….. functions of innovation Answer: Five MCQ33: The difference between an entrepreneur expectations and capacity to meet demands is known as……………… Answer: Stress MCQ34: ………….is a social link that promote or hinder entrepreneurship. Answer: Network MCQ35: A group of shares is known as………… Answer: Stocks FBQ1: ____ is the reward for capital. Answer: Interest FBQ2: The amount of money an initiator invests in a business is called ____ capital. Answer: Financial FBQ3: ____ is the selling of shares to existing shareholders. Answer: Right issue FBQ4: ____ are otherwise called corporate stocks. Answer: Debentures FBQ5: ____ is the practice of entrepreneurship in organizations. Answer: Intrapreneurship FBQ6: ____is the social link that promote or hinder entrepreneurship. Answer: Network FBQ7: The introduction of new products by a business is known as ____ Answer: Innovation FBQ8: ____ is a social network Answer: Virtual community FBQ9: A good that will benefit a large number of people I the largest possible way is known as____ Answer: Social good FBQ10: A group of shares are called____ Answer: Stocks FBQ11: The ____ is an entrepreneur whose business involve high technology Answer: Technopreneur FBQ12: The____ entrepreneur continuously come up with new ideas and start new businesses Answer: Serial FBQ13: ____ is the first stage in the intrapreneurial development in organizations Answer: Visioning FBQ14: The system evolution of a product or service into newer and larger markets is called ____ innovation Answer: Incremental FBQ15: The ease in acquiring funds and its cost is known as ____ of financial market development Answer: Window of opportunity FBQ16: ____ is the biggest hurdle in starting and growing a business. Answer: Access to capital FBQ17: Inside entrepreneurs that follow the goals of their organizations are known as____ Answer: Intraprenuers FBQ18: The individual who creates a new firm and continues to manage it until it is successful is known as____ Answer: Entrepreneur FBQ19: ____ is the life-blood of an organization Answer: Finance FBQ20: NERFUND was establish in the year ____ Answer: 1989 FBQ21: ____ believes that the sole function of entrepreneur is innovation Answer: Schumpeter FBQ22: ____ is a business leader that uses political means to achieve his ends Answer: Baron FBQ23: The Marxian school sees ____ as the most important factor of production Answer: Labour FBQ24: ____developed the three factor theory of motivation Answer: McClelland FBQ25: ____ Theory focuses on the perception of market opportunities as a source of entrepreneurship Answer: Managerial FBQ26: ____ school sees entrepreneur as the most important factor of production Answer: Austrian FBQ27: Technology is a part of ____ capital Answer: Fixed FBQ28: Infropreneurs who earn commissions from selling information that is not their own as called____ traffickers Answer: Information FBQ29: Another for social entrepreneurship is ____ venturing. Answer: Social FBQ30: Entrepreneurs should take____ risks Answer: Calculated FBQ31: Opportunistic entrepreneurs establish business for ____ and expansion Answer: Growth FBQ32: Entrepreneurs that collect and sell electronic information are called____ Answer: Infropreneurs FBQ33: The definition of the entrepreneur as the individual who recognizes opportunities where others sees chaos and confusion was by Kurato and ____ Answer: Hodgetts FBQ34: Recouping is an activity function of venture capitalist True OR False Answer: False FBQ35: Imitation is a problem of Nigerian SMEs. True OR False Answer: True