Category: ENT208 0 ENT208 1 / 70 A. Which entrepreneur was sent to a master at Onitsha to be an apprentice when his father could not send him to school, was treated with an iron hand by his trade master but today owns one of the biggest spare part manufacturing companies in Nigeria? 1. Chief Cletus Ibeto 2. Chief Rochas Okorocha 3. Chief Amaechi Nmandi 4. Chief Anthonny Wagbara 2 / 70 B. ______ business interest spans over 90 countries and one of his companies account for 11.5% of Hong Kong's stock market value. 1. Wu Tang Li 2. Jackie Chan 3. Li Sha Lu 4. Li Ka Shing 3 / 70 C. 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 1. yes 2. Undecided 3. Untrue 4. no 4 / 70 D. Chief Cletus Ibeto started his business as an entrepreneur with _____ 1. His academic experience and teachers 2. Loan he obtained from the bank 3. Money from gifts and other accessories belonging to him he sold 4. The scholarship fund he got from government 5 / 70 E.  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 1. $100 million 2. $1 million 3. $0.1 million 4. $10 million 6 / 70 F. Axel Fourie founder of iFix which now manufactures mobile phones and exports to 12 African countries start-up capital was how much? 1. 1,000,000 million naira 2. 100,000 thousand naira 3. 10,000 thousand naira 4. 0 Naira 7 / 70 G. ________ are those that have the ability to find and pursue a problem and solutions to them. 1. Entrepreneurial thinkers and giants 2. Entrepreneurial selfies 3. Entrepreneurial minders and giants 4. Entrepreneurial thinkers and shakers 8 / 70 H. Richard Branson as an entrepreneur believes so much in diversification and that's why the Virgin Group holds more than ______ companies 1. 200 2. 100 3. 50 4. 150 9 / 70 I. 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 ____ 1. Activist 2. Academician 3. Entrepreneur 4. Politician 10 / 70 J. 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 1. Untrue 2. Undecided 3. no 4. yes 11 / 70 K.  Dr.Cosmos Maduka's of Coscharis group gift is entrepreneurship. Starting from a meagre capital of _____ naira he has built an unimaginable business empire. 1. 200 2. 400 3. 100 4. 300 12 / 70 L. 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 1. Maybe 2. yes 3. Undecided 4. no 13 / 70 M. Who among the following is not a world class entrepreneur _________ 1. Barack Obama 2. Mark Cuban 3. Bill Gates 4. Walt Disney 14 / 70 N. How many times should an entrepreneur who is passionate about a business keep trying even when he fails? 1. 1000 2. 100 3. 10 4. Uncountable 15 / 70 O. 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 1. 20 2. 40 3. 50 4. 30 16 / 70 P.  An entrepreneur is involved in _________ 1. Fighting labour unions 2. Hiring Labour 3. Firing Labour 4. Ensuring Labour doesn't grow 17 / 70 Q. Orji Uzor Kalu strength as an entrepreneur was in his ability to ______ into many businesses 1. run away 2. Avoid 3. delete 4. diversify 18 / 70 R. 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? 1. Maybe 2. Undecided 3. Not Important 4. Very Important 19 / 70 S.  ______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 1. Warren Buffet 2. Donald Trump 3. Bill gates 4. William Shakespear 20 / 70 T. 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. 1. 13 2. 12 3. 11 4. 10 21 / 70 U.  _______ 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 1. Ibrahim Babangida 2. Adanikin Ariyo 3. Aliko Dangote 4. Mike Adenuga 22 / 70 V.  ______ 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%. 1. Chief Mike Adenuga 2. Chief Adolphus Wabara 3. Chief Michael Ade-Ojo 4. Chief Theophilus Danjuma 23 / 70 W. ______ 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 1. Jason Njoku 2. Femi Otedola 3. Abasiama Idaresit 4. Aliko Dangote 24 / 70 X. 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 1. Collection 2. Distribution 3. Foundation 4. Cementation 25 / 70 Y. 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. 1. 1000 2. 100 3. 1000000 4. 10000 26 / 70 Z. 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? 1. All of the above 2. Very yes 3. No 4. Not at all 27 / 70 AA.  At the age of _____ Micheal Dell purchased an early Apple computer in order to take it apart to see how it worked. 1. 15 2. 45 3. 35 4. 25 28 / 70 AB. Dr.Cosmos Maduka started his business from a meagre capital of ____ and today he has built an unimaginable business empire. 1. One million naira 2. Two million naira 3. Two hundred naira 4. Five hundred thousand 29 / 70 AC. What type of risks do entrepreneurs take? 1. Dynamic 2. Static 3. Uncalculated 4. Calculated 30 / 70 AD. Dele Fajemirokun has grown to become a renowned entrepreneur and prominent boardroom guru in his own right through _____ 1. Greediness 2. Dedication 3. Sallousness 4. Shrewdness 31 / 70 AE.  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? 1. Yes 2. Maybe 3. No 4. Undecided 32 / 70 AF. 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? 1. No 2. Little difference 3. No difference 4. Yes 33 / 70 AG.  Michael Dell as an entrepreneur started building computers and selling them directly to people focusing on what? 1. High price for good products 2. Unique designs 3. strong customer support and cheaper prices 4. Early product completion 34 / 70 AH. 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 _______ 1. Young Shall Grow Transport 2. Allover Bakery 3. Excellent Estates 4. Decency Hotels 35 / 70 AI. 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. 1. 80 2. 60 3. 50 4. 90 36 / 70 AJ. Bill Gate and his partner Paul Allen together as entrepreneurs built the world's largest software business 1. Undecided 2. no 3. Maybe 4. yes 37 / 70 AK. _______ 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 1. Snoop Dogg 2. Eminem 3. Mark Cuban 4. Dbang 38 / 70 AL.  Nairaland, the largest online forum in Africa was founded by _____ who pursued his programming dream and his love for the internet 1. Bukola Saraki 2. Seun Osewa 3. Adeoye Itunu 4. Omotoso Samuel 39 / 70 AM. MRS Holdings Limited at the start had just ____ staff but today has over ____ staff due to entrepreneurship? 1. 100 staff, 2000 staff 2. 50 staff, 2000 staff 3. 3 staff, 2000 staff 4. 300 staff, 2000 staff 40 / 70 AN. Larry Ellison is a world class entrepreneur in the Information Technology Industry 1. yes 2. Not sure 3. no 4. Maybe 41 / 70 AO. 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? 1. Real Estate 2. Education 3. Hospitality 4. Fast Moving Commodity Goods (FMCG) 42 / 70 AP. 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. 1. Father 2. Wife 3. Mother 4. Brother 43 / 70 AQ. Vanderbilt with his visionary characteristics saw the shift in transportation to ____ 1. Airways 2. Highway 3. Railroad 4. Waterways 44 / 70 AR. Carnegie saw _______ as a new material that would change the building and manufacturing landscape 1. Aluminium 2. Wood 3. Diamond 4. Steel 45 / 70 AS.  The Obajana cement is also the biggest quoted company in ______ Africa and the only Nigerian company on the Forbes global 2000 companies. 1. South 2. West 3. East 4. North 46 / 70 AT. 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 1. 12000 2. 11000 3. 13000 4. 14000 47 / 70 AU. Zenith International Bank founded by Jim Ovia was soon packing in customers as one of the new generation banks through the use of _________ and __________ 1. Innovation and shrewdness 2. Technology and customer dissatisfaction 3. Technology and customer satisfaction 4. Innovation and old practices 48 / 70 AV. 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 _______ 1. Gambling 2. Trading 3. Farming 4. Stealing 49 / 70 AW. 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 ______ 1. Virgin Records 2. Fuji Records 3. Reggae Records 4. Sure Records 50 / 70 AX. An entrepreneur does all the following except ________ 1. Devalue the market 2. Undertakes risk 3. Organizes production 4. Creates something new 51 / 70 AY. Entrepreneurial thinkers and giants refers to individuals who possess the skills and ability to _____ 1. identify marketplace opportunities 2. run into avoidable risks 3. not identify when to avoid a market 4. not identify marketplace opportunities 52 / 70 AZ. Chief Micheal Ade-Ojo in 1971 started the company, Elizade Independent Agencies (EIA), with his ____ 1. Mother 2. Brother 3. Wife 4. Father 53 / 70 BA. Fola Adeola and Tayo Aderinokun with his close friend, business partner and long-time confidant conceived the idea that gave birth to ______ 1. Skye Bank 2. Zenith Bank 3. Union Bank 4. Guaranty Trust Bank 54 / 70 BB. 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? 1. Urbanizing 2. Licensing 3. Modernizing 4. Franchizing 55 / 70 BC. From the story of Michael Dell, organizational leadership is very important in an entrepreneurial firm considering the loss the company suffered? 1. Yes 2. Maybe 3. Not sure 4. No 56 / 70 BD. How was Bill Gate able to stay the richest man as an entrepreneur till date 1. Continuous spending of money 2. Continuous delineation 3. Continuous Laxity 4. Continuous Innovation 57 / 70 BE. Folorunsho Alakija (Africa's richest woman) started her business as an entrepreneur in a ___ bedroom flat in Surulere Lagos 1. 5 2. 3 3. 2 4. 4 58 / 70 BF.  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? 1. Mischief maker 2. Destroyer 3. Stubbornness 4. Ingenuity 59 / 70 BG. Carnegie saw _______ as a new material that would change the building and manufacturing landscape 1. Steel 2. Wood 3. Diamond 4. Aluminium 60 / 70 BH. 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. 1. Distribution 2. Determination 3. Extermination 4. Location 61 / 70 BI. 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 1. Quantity 2. Qualitative 3. Quality 4. Quantitative 62 / 70 BJ. The name of the entrepreneur whose success in the petroleum industry began when he noticed a gap in the process of procuring fuel while working with the Dangote Group is _____ 1. Chief Mike Adenuga 2. Femi Otedola 3. Folawiyo Oil 4. Alhaji Sayyu Dantata 63 / 70 BK. 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 _______ 1. First Bank Holding Plc 2. Airtel Nigeria 3. Fan Milk Nigeria 4. Honeywell Group 64 / 70 BL.  Jim Ovia's explanation for the tremendous success of Zenith was quite simple and it is ________ 1. Absence of speed and efficiency 2. speed, efficiency and responsiveness of the bank's service 3. Laxity of staff and lack of vision 4. Laxity of staff and lack of vision 65 / 70 BM. Mark Zuckerberg co-founded the social-networking website Facebook out of his _______ 1. Dorm Room 2. Class Room 3. Hotel Room 4. Shelf Room 66 / 70 BN. Leo Stan Ekeh scored another first in 2001 when he set up Zinox Technologies Limited to manufacture _____, Nigeria's First Internationally Certified Branded Computers 1. Zinox Radios 2. Zinox Television 3. Zinox Phones 4. Zinox Computers 67 / 70 BO. Which of the following are ALL characteristics of an entrepreneur? 1. Optimism, Nepotism 2. diligence, greediness 3. Versatility, Confidence 4. Resourcefulness, Wastefulness 68 / 70 BP. 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. 1. A government official 2. The president 3. A Senator 4. A Friend 69 / 70 BQ.  Jimoh Ibrahim is one of the wealthiest Nigerians and he has made billions of dollars from numerous investments in the following Industry except? 1. Hospitality 2. Oil and Gas 3. Insurance 4. Information Technology 70 / 70 BR. Aliko Dangote took interest very early in entrepreneurship and the first funding he got for his business was through ______ from his grandfather 1. Loan 2. Gift 3. Contribution 4. Savings Restart quiz Rate this quiz Send feedback