1. ……… is an idea gotten through consultancy

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

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

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

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

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

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

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

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

10. Incorporated companies include all the following except

11. What is budget?

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

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

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

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

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

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

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

19. What do you understand by capital goods?

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

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

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

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

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

25. ………………… is ………….. If an entrepreneur

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

27. Service-producing industries includes the following except:

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

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

30. Budgetary control is important because

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

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

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

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

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

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

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

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

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

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

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

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

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

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

45. SWOT in business means ………

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

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

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

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

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

51. The most formidable issue in starting new business is

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

53. ……… is a type of business organization

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

55. ……… 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

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

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

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

59. ……… marketing uses social networks

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

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

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

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

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

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

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

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

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

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

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