Category: ENT208 0 ENT208 1 / 50 At the age of _____ Micheal Dell purchased an early Apple computer in order to take it apart to see how it worked. 45 15 25 35 2 / 50 Fola Adeola and Tayo Aderinokun with his close friend, business partner and long-time confidant conceived the idea that gave birth to ______ Skye Bank Zenith Bank Union Bank Guaranty Trust Bank 3 / 50 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. Determination Distribution Extermination Location 4 / 50 Carnegie saw _______ as a new material that would change the building and manufacturing landscape Aluminium Wood Diamond Steel 5 / 50 Orji Uzor Kalu on suspension from school, left school, and proceeded to build a business and at the age of 19, Orji Uzor Kalu proceeded to borrow a ____ loan from his mother 15 35 45 25 6 / 50 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 yes Undecided Untrue no 7 / 50  ______entrepreneurial strategy was to understand how a company worked - what made it superior to competitors and was predominately interested in a company's management and leadership as a major factor when deciding to invest Bill gates Donald Trump Warren Buffet William Shakespear 8 / 50 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 9th  11th  8th  10th  9 / 50 Chief Micheal Ade-Ojo in 1971 started the company, Elizade Independent Agencies (EIA), with his ____ Father Wife Mother Brother 10 / 50 ______ business interest spans over 90 countries and one of his companies account for 11.5% of Hong Kong's stock market value. Jackie Chan Li Ka Shing Li Sha Lu Wu Tang Li 11 / 50 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? No Not at all All of the above Very yes 12 / 50 Who among the following is not a world class entrepreneur _________ Barack Obama Walt Disney Mark Cuban Bill Gates 13 / 50 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 _______ Trading Farming Gambling Stealing 14 / 50 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. 10 13 11 12 15 / 50  The following are example of Nigerian entrepreneurs except? Mike Adenuga Aliko Dangote Muhammed Buhari Femi Otedola 16 / 50 Orji Uzor Kalu strength as an entrepreneur was in his ability to ______ into many businesses run away delete Avoid diversify 17 / 50 Chief Micheal Ade-Ojo of Elizade Group lost his job at CFAO Motors and British Petroleum (BP) to become an independent man and setup his company making him an ____ Activist Politician Entrepreneur Academician 18 / 50 How was Bill Gate able to stay the richest man as an entrepreneur till date Continuous Innovation Continuous Laxity Continuous spending of money Continuous delineation 19 / 50 Chief Micheal Ade Ojo founded ______ Elizade Motors Nigeria Limited MRS Holdings Capital Motors Limited Forte Oil and Motors 20 / 50 Leo Stan Ekeh scored another first in 2001 when he set up Zinox Technologies Limited to manufacture _____, Nigeria's First Internationally Certified Branded Computers Zinox Radios Zinox Computers Zinox Phones Zinox Television 21 / 50  Nairaland, the largest online forum in Africa was founded by _____ who pursued his programming dream and his love for the internet Adeoye Itunu Bukola Saraki Seun Osewa Omotoso Samuel 22 / 50 Mark Zuckerberg co-founded the social-networking website Facebook out of his _______ Hotel Room Shelf Room Class Room Dorm Room 23 / 50  ______ started working at RT Briscoe but later went on to acquire 100% of RT Briscoe in Nigeria, and subsequently acquired more shares, to make his total holdings in Toyota Nigeria Limited, sum up to 74%. Chief Michael Ade-Ojo Chief Mike Adenuga Chief Theophilus Danjuma Chief Adolphus Wabara 24 / 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. A Friend A government official The president A Senator 25 / 50  _______ 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 Adanikin Ariyo Aliko Dangote Mike Adenuga Ibrahim Babangida 26 / 50 Which of the following are ALL characteristics of an entrepreneur? diligence, greediness Optimism, Nepotism Versatility, Confidence Resourcefulness, Wastefulness 27 / 50 Characteristics of an entrepreneur include the following except ________ Flexibility Positive response to challenges Negative response to challenges Sensitivity to others 28 / 50 Li Ka Shing business interest spans over _______ number of countries and one of his companies account for 11.5% of Hong Kong�??s stock market value. 60 90 80 50 29 / 50 Chief Cletus Ibeto started his business as an entrepreneur with _____ Loan he obtained from the bank Money from gifts and other accessories belonging to him he sold His academic experience and teachers The scholarship fund he got from government 30 / 50 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? Fast Moving Commodity Goods (FMCG) Hospitality Education Real Estate 31 / 50 Zenith International Bank founded by Jim Ovia was soon packing in customers as one of the new generation banks through the use of _________ and __________ Technology and customer dissatisfaction Technology and customer satisfaction Innovation and old practices Innovation and shrewdness 32 / 50 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. 100 1000 1000000 10000 33 / 50 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 Undecided no Untrue yes 34 / 50 Oba Otudeko worked in banks for 23 years and slowly but steadily climbed up the ranks. He eventually became the General Manager and acting Chief Executive Officer of the erstwhile Cooperative Bank but never became well known until he established his company called _______ Fan Milk Nigeria Honeywell Group First Bank Holding Plc Airtel Nigeria 35 / 50 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 Maybe Undecided yes no 36 / 50 Vincent Amaechi Obianodo being from a humble background with little to nothing to boast of, he moved to Kano in his teenage years in search of greener pastures. He learnt how to fix punctured tyres and started out as a vulcanizer but today he owns _______ Excellent Estates Young Shall Grow Transport Decency Hotels Allover Bakery 37 / 50  In spite of his wealth, Li Ka Shing has a reputation for living a______ lifestyle, and is known as the billionaire who wears cheap shoes and old watches. Celebrity Flamboyant Showbiz Humble 38 / 50 Bill Gates's intelligence allowed him to be able to see all sides of the software industry product development and corporate strategy. How important is this for an entrepreneur? Maybe Very Important Undecided Not Important 39 / 50  Jim Ovia's explanation for the tremendous success of Zenith was quite simple and it is ________ speed, efficiency and responsiveness of the bank's service Laxity of staff and lack of vision Laxity of staff and lack of vision Absence of speed and efficiency 40 / 50 An entrepreneur does all the following except ________ Creates something new Undertakes risk Devalue the market Organizes production 41 / 50  Jimoh Ibrahim is one of the wealthiest Nigerians and he has made billions of dollars from numerous investments in the following Industry except? Information Technology Hospitality Insurance Oil and Gas 42 / 50 What type of risks do entrepreneurs take? Dynamic Uncalculated Calculated Static 43 / 50 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 ______ Sure Records Virgin Records Fuji Records Reggae Records 44 / 50 ______ 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 Aliko Dangote Abasiama Idaresit Femi Otedola Jason Njoku 45 / 50 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 13000 14000 11000 12000 46 / 50 Folorunsho Alakija (Africa's richest woman) started her business as an entrepreneur in a ___ bedroom flat in Surulere Lagos 3 2 5 4 47 / 50 Larry Ellison is a world class entrepreneur in the Information Technology Industry Not sure no yes Maybe 48 / 50  Michael Dell as an entrepreneur started building computers and selling them directly to people focusing on what? strong customer support and cheaper prices High price for good products Early product completion Unique designs 49 / 50 Entrepreneurial thinkers and giants refers to individuals who possess the skills and ability to _____ not identify when to avoid a market not identify marketplace opportunities identify marketplace opportunities run into avoidable risks 50 / 50  The Obajana cement is also the biggest quoted company in ______ Africa and the only Nigerian company on the Forbes global 2000 companies. 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