Question QFB1 : The position that individualism is related directly to innovation and entrepreneurship is not __________________

Answer: Uncontested

Question QFB2 : (ILO) mean ______________

Answer: Intended Learning Outcomes

Question QFB3 : ________ conceives the entrepreneur as the innovator who implements change within markets through the carrying out of new
combinations such as introduction of new techniques of production, reorganization of an industry and innovation.Â
Answer: Schumpeter (1934)

Question QFB4 : Entrepreneur and Entrepreneurship have been a point of interest to economics as early as ____________Â
Answer: 1755 Â

Question QFB5 : Sociologist’s view of entrepreneurship is inhibited by the social system, which denies opportunities for _________ facilities
Answer: creative

Question QFB6 : The psychologist view sees an entrepreneur as someone who is being driven by certain forces that are mainly internal, personal
attributes and ________
Answer: traits

Question QFB7 : The word "Entrepreneur" is derived from the French verb 'entrepredre' which means' to Â​Â​Â​Â​Â​Â​Â​Â​Â​Â​Â​Â​_____________
Answer: undertake

Question QFB8 : An entrepreneur is a dynamic person who takes calculatedÂ

Answer: Risks Â

Question QFB9 : Passion and Motivation, Not Afraid to Take Risks, Self-belief, Hard Work and Disciplined Dedication, Adaptable and Flexible,
Product and Market Knowledge, Strong Money Management, Effective Planning (Not Over-Planning) Skills, The Right Connections are the main
characteristics of an ___________Â
Answer: Entrepreneur Â

Question QFB10 : An intrapreneur is an ____________ entrepreneurÂ

Answer: Â

Question QFB11 : An entrepreneur must have good human _____________Â

Answer: relations

Question QFB12 : An entrepreneur must have the competence and proficiency in the knowledge of the _________
Answer: business

Question QFB13 : Brainstorming. It helps in generating a large number of product _______Â

Answer: ideas

Question QFB14 : Scanning the environment is better and safer method of assessing than jumping Into the_______Â
Answer: business environment

Question QFB15 : The entrepreneur may not necessarily be an 'inventor' but theone that can make a _____________
Answer: difference

Question QFB16 : Starting /creating a new business is a serious exercise that requires a lot of __________ and hard work
Answer: commitment

Question QFB17 : A business owned, financed and managed by an individual is identified as

Answer: Sole proprietorship

Question QFB18 : Successful entrepreneurs are good at turning ideas into ____Â
Answer: opportunities

Question QFB19 : Entrepreneurship is an activity embarked upon for a specific _____Â

Answer: purpose

Question QFB20 : The ___________ theory of entrepreneurship considers the relationship between economic conditions and incentives to arrive
at a risk-reward equation that informs a determination on whether or not to pursue a potential ventureÂ
Answer: economic

Question QFB21 : The economic theory of entrepreneurship is sub-divided into three namely; Classical theory, __________ and Austrian Market
Process
Answer: Neo-classical

Question QFB22 : _______ theory of entrepreneurship identifies traits, motives andpersonalities as the major factors that infuse the entrepreneurial
spirit in an individual
Answer: Psychological

Question QFB23 : _________ is the process of having a good idea of the resources that will be required to turn your idea into an opportunity.Â
Answer: planning

Question QFB24 : _________trait is defined as stable qualities that a person shows in most situationsÂ
Answer: Personality

Question QFB25 : Individuals with an internal locus of control believe that they are able to life eventsÂ
Answer: control

Question QFB26 : Individual with an external locus of control believe that life's _______ are the result of external factors, such as chance, luck or
fate.Â
Answer: events

Question QFB27 : _______is a great source of information, ideas and often opportunity.Â
Answer: Mass media

Question QFB28 : Risk Taking theory contends about one‘s willingness to accept ____.Â
Answer: risk

Question QFB29 : The __________ theory of entrepreneurship embraces social culture as a driving force of entrepreneurshipÂ
Answer: sociological

Question QFB30 : ______ are individuals who identify public problems andapply business acumen to resolve them.
Answer: social entrepreneurs

Question QFB31 : According to David Mc Clelland (1961), an entrepreneur is a dynamic person who takes calculated ___________________
Answer: Risk

Question QFB32 : A business _________ involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to
begin a businessÂ
Answer: opportunity

Question QFB33 : _________ activities are transactions with creditors or investors used to fund either company operations or expansions
Answer: Financing

Question QFB34 : A _______ business may be defined as any business in which two or more family members are involved and the majority of
ownership or control lies within a family.Â
Answer: family-owned

Question QFB35 : __________ defined the entrepreneur as someone who imagines, develops and realizes a vision
Answer: fillion

Question QMC1 : ________________ is a technique or creative problem-solving as well as for generating ideas. Â
Answer:

Question QMC2 : ___________ is created when resources, inputs, processes or policies are combined to generate improvements in the lives of
individuals or society as a whole.Â
Answer:

Question QMC3 : ______ is created by taking a resource or set of inputs, providing additional inputs or processes that increase the value of inputs
and generate a product or service that has greater market value.Â
Answer:

Question QMC4 : The purpose of is to provide fresh impetus for the prospective ____Â
Answer:
Question QMC5 : ________ is regarded as “life-bloodâ€​ for any enterprise, be it big or smallÂ
Answer:

Question QMC6 : Socio-economic development is measured with _________ exceptÂ

Answer:

Question QMC7 : The function of entrepreneurial can be classified as follows, exceptÂ

Answer:

Question QMC8 : Â​Â​Â​Â​Â​Â​Â​______________ management is an organizational core competency that provides competitive differentiation and
the ability to effectively adapt to the ever changing worldÂ
Answer:

Question QMC9 : The general term covering patents, copyright, trademark, industrial designs, geographical indications, layout design of integrated
circuits, undisclosed information (trade secrets) and new plant varieties known as _______________Â
Answer:

Question QMC10 : _______________ rights are granted usually for 7 to 20 yearsÂ

Answer:

Question QMC11 : Copyright covers the following except ______________Â

Answer:

Question QMC12 : The following are characteristics of Entrepreneur except Â

Answer:

Question QMC13 : Intrapreneurs can be identified through many traits, including all of these except _____.Â
Answer:

Question QMC14 : ___________ idea generation and opportunity analysis are the foundation for launching a new business or ventureÂ
Answer:

Question QMC15 : Successful entrepreneurs are good at turning _______ into opportunitiesÂ
Answer:

Question QMC16 : Once you have a team, the right leadership is essential toguide the development from _____ to opportunity
Answer:

Question QMC17 : Businesses that want to support intrapreneurship can do so in all of thefollowing ways except ______________
Answer:

Question QMC18 : The process of writing a business plan actually helps develop an ________ into an opportunity. Â
Answer:

Question QMC19 : The _______ of entrepreneurship considers the relationship between economic conditions and incentives to arrive at a risk-
reward equation that informs a determination on whether or not to pursue a potential ventureÂ
Answer:

Question QMC20 : Ideas take inspiration, Opportunities need________________.Â

Answer:

Question QMC21 : The technique or creative problem-solving as well as for generating ideas known as _____________Â
Answer:

Question QMC22 : The reasons for generating business ideas are as follows except _________________
Answer:

Question QMC23 : Another way to find the ideas for a __________ is to attend exhibitions and trade fairs.Â
Answer:

Question QMC24 : Newspapers, magazines, television, and nowadays the Internet areall examples of _____________.
Answer:

Question QMC25 : A business __________ involves sale or lease of any product, service, equipment that will enable the purchaser-licensee to
begin a businessÂ
Answer:

Question QMC26 : The followings, are the ways to identify more business opportunities except __________
Answer:

Question QMC27 : Which among the factors that cannot enhance social entrepreneurshipÂ
Answer:

Question QMC28 : A quasi-equity debt security is particularly useful for enterprises that are legally structured as _____ and cannot obtain equity
capitalÂ
Answer:

Question QMC29 : _______ factors play a vital role in the survival of businesses.Â
Answer:

Question QMC30 : Why does your business exist? _________________Â

Answer:

Question QMC31 : Entrepreneurial functions can be classified broadly into the following categories exceptÂ
Answer:

Question QMC32 : In what ways does an Entrepreneur apply the theories of innovation in managing businessÂ
Answer:

Question QMC33 : In what ways can remarkable innovations combine different types ____________Â
Answer:

Question QMC34 : A business that dramatically change their operating strategy because of changes in the ______________Â
Answer:

Question QMC35 : A business in which two or more family members are involved and the majority of ownership or control lies within a family
referred as ________Â
Answer: