1. Think big, start small is a slogan of whom?

2. ……… is a person within a large organization who takes direct responsibility for turning an idea into profitable finished product through assertive risk taking and innovation

3. Ability to understand customers and compete favorably with competitors is known as ………

4. ……… is the amount of share capital, which is actually issued for subscription to member of the public.

5. An entrepreneur must have business ideas that can lead to the formation of viable businesses. This idea comes from various source which includes:

6. Budgetary control is important because

7. Finance for an entrepreneur can be sourced from the following except ………

8. Some of these products are produced in beverages production via “fermentation” except one

9. Idea coming from self-support or design that has not existed before is known as ………

10. The debt instrument commonly used by companies to raise funds on long-term basis is called

11. Durable goods that are used in the production of other goods and services are known as ………

12. ……… is the relationship that exist between persons carrying out a business with a view of profit

13. The old method of exchanging goods for goods and service for service is known as ………

14. Modifications means improving on time by coming out with modified and more improved ideas of doing the existing business

15. ……… are voluntary association of free and independent persons for the betterment of their economic conditions.

16. The involvement of a firm in acquiring the services of an asset it did not previously owned is called ………

17. Incorporated companies include all the following except

18. The focus of business that the owner faces unlimited liabilities is ………

19. An investigation into the potential outcome of a proposed business opportunity is known as

20. Starting a business involves how many steps as highlighted by Allan 1987?

21. ……… is an idea gotten through consultancy

22. ……… factors are unwarranted conditions that force individuals to look for means of having access to the market

23. Major sources of finance for small business include the following except:

24. The agreement that guides the operation of partnership is refers to as ………

25. Long term sources usually above 7 years is called ………

26. The profit-making aim of every business can only be achieved by ………

27. ……… is the money used to purchase asset that will remain permanently in the business

28. Sources of finance for entrepreneur can be the following except

29. Business goals play the following roles in an economy except:

30. ……… is the capacity to innovate or ability to organize and manage a business concern

31. ……… marketing uses social networks

32. ……… is a business idea in the mind of entrepreneur that it transformed into profitable activities that involve exchange of value for value.

33. A company can be described as an association of a number of persons united for ………

34. What is your conclusion on the relevance of entrepreneurship?

35. According to Robertson (1967) the following are the three types of innovation except:

36. Which of the following is not true of the term CAPITAL?

37. ……… has been broadly defined as “getting things done through other people”

38. The main objective of feasibility studies is ………

39. The process of adding appropriate attributes to an existing idea or invention is called ………

40. One of the following is not a step in starting a new business

41. The two major source of fund for new ventures are ……… and ………

42. A credit term that attaches discount to a specific quantity of goods bought is

43. ……… is a type of business organization

44. Risk is not attached to business opportunities in Nigeria.

45. The commonest type of business organization among young or first-time entrepreneur is: ………

46. In financial forecasting, items on the profit and loss account and balance sheets can be related to total assets. This approach is termed as ………

47. What do you understand by capital goods?

48. ……… is a medium to long-term debt instrument used by large companies to borrow money at a fixed rate of interest

49. Capital market is the market where ……… are bought and sold.

50. The amount of money a company has to carry on with its daily operations is known as

51. Cantillon describes an entrepreneur as someone who exercises judgment in the face of ……….

52. ……… claimed that four primary factors are necessary for production: land, labour, capital and entrepreneur.

53. ……… is the amount charged for insurance coverage

54. The basic drive behind every business activity is ………

55. Which of the following is not a broad area of entrepreneurial behavior:

56. The middleman that buys goods in bulk from the producer and resells in quantity to the retailer is ………

57. All the following are the functions of entrepreneur except:

58. Service-producing industries includes the following except:

59. ………………… is ………….. If an entrepreneur

60. SWOT in business means ………

61. ……… is the one who assumes not only the risk of business venture but also the management of business venture.

62. Which of the following is not an element of innovation?

63. ……… Techniques allow small companies or individuals to act like a big companies

64. The most formidable issue in starting new business is

65. The person who assumes the risk of business and also manages the business venture is known as ………

66. What is budget?

67. ……… in entrepreneurship can be view as the uncertainty in what might be the outcome of the business embarked on by an entrepreneur.

68. ……… is money used by entrepreneurs and business to buy what they need to make their products or provide their services

69. All the following are long term source of capital except

70. A quantitative analysis of income and expenditure of an organization usually for a period of one year or more is known as ………