ENT208

1. How was Bill Gate able to stay the richest man as an entrepreneur till date

2. At _______ years old, Warren Buffet made his first investment, buying three shares of Cities Service Preferred at $38 per share. The stock quickly dropped to only $27, but Buffett held on tenaciously until they reached $40.

3. An entrepreneur does all the following except ________

4. Axel Fourie founder of iFix which now manufactures mobile phones and exports to 12 African countries start-up capital was how much?

5. Ten years after its founding, the Buffett Partnership owned by entrepreneur Warren Buffet assets were up more than 1,156% compared to the Dow's 122.9%. True or Fasle

6. Folorunsho Alakija (Africa's richest woman) started her business as an entrepreneur in a ___ bedroom flat in Surulere Lagos

7. _______ understanding of supply and demand extended outside of the classroom as his needing to make money to continue his education (he was paying his own tuition) made him start giving dance lessons which eventually led to him hosting a show and making money

8. Which of the following are ALL characteristics of an entrepreneur?

9.  Paul Getty of Getty Oil stated that "You must take risks, both with your own money or with borrowed money. Risk taking is essential to business growth." Is this true?

10. Aliko Dangote took interest very early in entrepreneurship and the first funding he got for his business was through ______ from his grandfather

11. Chief Micheal Ade-Ojo in 1971 started the company, Elizade Independent Agencies (EIA), with his ____

12.  Jimoh Ibrahim is one of the wealthiest Nigerians and he has made billions of dollars from numerous investments in the following Industry except?

13. Chief Michael Ade-Ojo of Elizade motors while at RT Brisco Group in just four months after he sealed a deal with Brisco sold about how many cars

14. Richard Branson struggled in school and dropped out at age 16 to pursue his dream as an entrepreneur, a decision that ultimately lead to the creation of ______

15. Bill Gate and his partner Paul Allen together as entrepreneurs built the world's largest software business

16.  Dr.Cosmos Maduka's of Coscharis group gift is entrepreneurship. Starting from a meagre capital of _____ naira he has built an unimaginable business empire.

17.  _______ is regarded as one of the richest black people in the world even though his father was a teacher while his mother was a business woman and he today owns Globacom

18. Prince Samuel Adedoyin as one of the richest Nigerian entrepreneurs and founder of Doyin group of companies and had to face the usual challenges of been born into a polygamous homes and eventual separation of his parent but he is able to cement his stand in the following industry except?

19. With Bill Gates acumen for software development and a keen business sense, Gates placed himself as the head of Microsoft, which grossed approximately $2.5 million in 1979. What age was he then?

20. Walter Elias "Walt" Disney and his ______ Roy co-founded Walt Disney Productions, which became one of the best-known motion-picture production companies in the world.

21. Successful entrepreneurs found one way or the other to break the opportunity ice to eventually start and grow successful businesses. While larger challenges stand in-line waiting for new entrepreneurs, tenacity of purpose will always win. How true is this?

22.  Intrigued by the expanding world of computers and gadgetry, Dell purchased an early Apple computer at the age of 15 for the strict purpose of taking it apart to see how it worked. As an entrepreneur, this characteristic is called what?

23. Entrepreneurial thinkers and giants refers to individuals who possess the skills and ability to _____

24. One of Aliko Dangote's business strategies for succeeding in the commodity market was to develop a strong ______ network and make the delivery of his goods faster than that of his competitors

25. At the age of _____ Micheal Dell purchased an early Apple computer in order to take it apart to see how it worked.

26. Orji Uzor Kalu strength as an entrepreneur was in his ability to ______ into many businesses

27. Fola Adeola and Tayo Aderinokun with his close friend, business partner and long-time confidant conceived the idea that gave birth to ______

28. Carnegie saw _______ as a new material that would change the building and manufacturing landscape

29. How many times should an entrepreneur who is passionate about a business keep trying even when he fails?

30. Sir Emeka Offor began his business career as an apprentice to his uncle and in 1994; he formed the Chrome Group, entering into Nigeria's oil and gas industry but his success came from his ______ of work

31. Larry Ellison is a world class entrepreneur in the Information Technology Industry

32. Jason Chukwuma Njoku is a British-born Nigerian entrepreneur, film magnate and African start-up investor who founded Iroko TV on his ______ attempt at business

33. ______ started out his company in 2010 with a gift of $250 from his mother and it took him 8 months to make the first deal and his company is now worth more than $6 million in revenue

34. Bill Gates is a great philantropist who has given a large percentage of his wealth to solving problems in Africa and other continents. True or False

35.  In July 2010, Michael Dell made headlines when he agreed to pay more than ______ in penalties in order to settle charges of accounting fraud that had been filed by the Security and Exchange Commission but as an entrepreneur he did not give up

36. Dr.Cosmos Maduka father died when he was only 4 and this led to his mother being the only one catering for him. At the age of 7 when he was in Primary 3 he was withdrawn from school due to lack of resources so he resorted to _______

37. Dele Fajemirokun has grown to become a renowned entrepreneur and prominent boardroom guru in his own right through _____

38. Leo Stan Ekeh scored another first in 2001 when he set up Zinox Technologies Limited to manufacture _____, Nigeria's First Internationally Certified Branded Computers

39. Zinox Group salvaged the 2006 Voters' registration exercise by delivering _____ computer systems to INEC in 3 weeks and it was through Leo Stan Ekeh ingenuity

40. Zuckerberg was not willing to sell out thereby turning down offers from companies such as Yahoo! and MTV Networks. Instead, he focused on expanding the site, opening up his project to outside developers and adding more features. Was the risk he took worth it?

41. What type of risks do entrepreneurs take?

42. Anna Phosa started her pig farm venture in 2004 in Soweto with about ______ in hand after she bought four pigs with that money and being introduced to pig farming by a close friend.

43. Chief Micheal Ade Ojo founded ______

44. ________ are those that have the ability to find and pursue a problem and solutions to them.

45. Ray Kroc became president of the McDonald's Corporation after he bought out the owners of the company entirely six years into operation by practising which entrepreneurial strategy?

46. Bill Gates was a voracious reader as a child, spending many hours poring over reference books such as the encyclopaedia and started to showing interest in computer programming even from the age of 13

47. Mark Zuckerberg co-founded the social-networking website Facebook out of his _______

48. Chief Cletus Ibeto started his business as an entrepreneur with _____

49.  An entrepreneur is involved in _________

50. Folorunsho Alakija (Africa's richest woman) involvement in the oil and gas industry, started through _______ she met while was still actively involved in the world of fashion, and they got involved in the business of oil.