NOUN TMA Questions & Answers: ENT208 Biographical Studies Of Entrepreneurial Thinkers and Giants

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NOUN TMA Questions & Answers: ENT208 Biographical Studies Of Entrepreneurial Thinkers and Giants

Postby Richtubor » Mon Jun 17, 2019 8:12 pm

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Q1 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

11th

Q2 How was Bill Gate able to stay the richest man as an entrepreneur till date

Continuous Innova tion

Q3 Michael Dell as an entrepreneur started building computers and selling them directly to people focussing on what?

strong customer support a nd cheaper prices

Q4 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?

Ingenuity

Q5 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 ___

Honeywell Gr oup

Q6 From the story of Michael Dell, organizational leadership is very important in an entrepreneurial firm considering the loss the company suffered?

Yes

Q7 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?

23

Q8 Larry Ellison is a world class entrepreneur in the Information Technology Industry

yes

Q9 Who among the following is not a world class entrepreneur ____

Barack Obama

Q10 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

35

Q11 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 satisfaction

Q12 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 At the age of 7 when he was in Primary 3 he was withdrawn from school due to lack of resources so he resorted to _______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

Q13 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 ____

Entrepreneur

Q14 MRS Holdings Limited at the start had just ____ staff but today has over ____ staff due to entrepreneurship?

3 staff, 2000 sta ff

Q15 What type of risks do entrepreneurs take?

Calculated

Q16 Vanderbilt with his visionary characteristics saw the shift in transportation to ____

Railroad

Q17 How many times should an entrepreneur who is passionate about a business keep trying even when he fails?

Unco untable

Q18 Dr.Cosmos Maduka􀳦??s of Coscharis group gift is entrepreneurship. Starting from a meagre capital of _____ naira he has built an unimaginable business empire.

200

Q19 Characteristics of an entrepreneur include the following except ________

Negative response to challenges

Q20 Aliko Dangote took interest very early in entrepreneurship and the first funding he got for his business was through ______ from his grandfather

Loan




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Re: NOUN TMA Questions & Answers: ENT208 Biographical Studies Of Entrepreneurial Thinkers and Giants

Postby Richtubor » Mon Jun 17, 2019 8:17 pm

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Q21 Mark Zuckerberg co-founded the social-networking website Facebook out of his ¬¬¬¬_______

Dorm Room

Q22 ______ business interest spans over 90 countries and one of his companies account for 11.5% of Hong Kong􀳦??s stock market value.

Li Ka Shing

Q23 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?

Very Important

Q24 _______ 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

Mike Adenuga

Q25 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

12000

Q26 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

Yes

Q27 At the age of _____ Micheal Dell purchased an early Apple computer in order to take it apart to see how it worked.

15

Q28 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

Quality

Q29 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

Q30 Even though Mark Zuckerberg left school to develop his passion and produce Facebook, he went back to college to complete his degree in what year?

2017

Q31 Dele Fajemirokun has grown to become a renowned entrepreneur and prominent boardroom guru in his own right through _____

Dedication

Q32 JP Morgan is a great example of _______ in the way that he approached the loss of the Niagara Fall power plant contract as he never gave up

Tenacity

Q33 Carnegie saw _______ as a new material that would change the building and manufacturing landscape

Steel

Q34 Chief Micheal Ade Ojo founded ______

Elizade Motors Nigeria Limited

Q35 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?

Chief Cletus Ibeto

Q36 The following are example of Nigerian entrepreneurs except?

Muhammed Bu hari

Q37 Entrepreneurial thinkers and giants refers to individuals who possess the skills and ability to _____

identify marketplace opportunities

Q38 Which of the following are ALL characteristics of an entrepreneur?

Versatility, Confidence

Q39 An entrepreneur is involved in _________

Hiring Labour

Q40 Aliko Dangote as an entrepreneur and one who believes in diversification has its flagship product as Dangote ________

Cement



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Re: NOUN TMA Questions & Answers: ENT208 Biographical Studies Of Entrepreneurial Thinkers and Giants

Postby Richtubor » Mon Jun 17, 2019 8:21 pm

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Q41 Nairaland, the largest online forum in Africa was founded by _____ who pursued his programming dream and his love for the internet

Seun Osewa

Q42 ______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

Warren Buffet

Q43 Bill Gate and his partner Paul Allen together as entrepreneurs built the world's largest software business

Yes

Q44 ______ 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

Abasiama Id aresit

Q45 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

Q46 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 _______

Young Shall Gr ow Transport

Q47 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.

90

Q48 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?

Education

Q49 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 Compu ters

Q50 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.

11

Q51 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?

Yes

Q52 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?

Yes

Q53 Orji Uzor Kalu strength as an entrepreneur was in his ability to ______ into many businesses

divers ify

Q54 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

Q55 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

Q56 Axel Fourie founder of iFix which now manufactures mobile phones and exports to 12 African countries start-up capital was how much?

0 Naira

Q57 Folorunsho Alakija (Africa􀳦??s richest woman) started her business as an entrepreneur in a ___ bedroom flat in Surulere Lagos

3

Q58 ______ 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

Q59 An entrepreneur does all the following except ________

Devalue the mar ket

Q60 The Obajana cement is also the biggest quoted company in ______ Africa and the only Nigerian company on the Forbes global 2000 companies.


West


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Richtubor
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Re: NOUN TMA Questions & Answers: ENT208 Biographical Studies Of Entrepreneurial Thinkers and Giants

Postby Richtubor » Mon Jun 17, 2019 8:23 pm

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Q61 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?

Franchizing

Q62 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

Q63 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?

Very yes

Q64 Dr.Cosmos Maduka started his business from a meagre capital of ____ and today he has built an unimaginable business empire.

Five hundred thou sand

Q65 _______ 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

Mark C uban

Q66 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.

Humble

Q67 Richard Branson as an entrepreneur believes so much in diversification and that􀳦??s why the Virgin Group holds more than ______ companies

200

Q68 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.

Distribution

Q69 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

$100 millio n

Q70 Fola Adeola and Tayo Aderinokun with his close friend, business partner and long-time confidant conceived the idea that gave birth to ______

Guaranty T rust Bank

Q71 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.

Brother

Q72 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 ______

Virgin Recor ds

Q73 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

yes

Q74 Chief Micheal Ade-Ojo in 1971 started the company, Elizade Independent Agencies (EIA), with his
____

W ife

Q75 ________ are those that have the ability to find and pursue a problem and solutions to them.

Entrepreneurial thinkers and giants

Q76 At the age of _____ Micheal Dell purchased an early Apple computer in order to take it apart to see how it worked.

15

Q77 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

40

Q78 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 _____

Alhaji Sayyu Dantata

Q79 Chief Cletus Ibeto started his business as an entrepreneur with _____

Money from gifts and other accessories belong ing to him he sold

Q80 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

Distribution

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