Home CBT TEST FUOYE ENT 102 CBT Practice

FUOYE ENT 102 CBT Practice

Aruwaji Philip

May 20, 2025

468

Take your time to read instructions before taking this test.

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

If you can get at least 60%, you can be rest assured that you’ll ace ENT 102 exam

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

Note

Do not be in a hurry to answer the questions
Do not waste time on a question you don’t know
Move as fast as possible and starting with questions that don’t have calculation first to save time
Always crosscheck
Don’t be in a hurry to submit, you are not in a competition
Don’t be scared. Getting an A is easy
Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book
Please do well to use our comment box incase there’s a message you want to pass to us

70 – 100 A

60 – 69 B

50 – 59 C

45 – 49 D

40 – 44 E

0 – 39 F

I wish you success

Please do well to use our comment box incase there’s a message you want to pass to us

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ENT 102

1 / 40

1. Business contributes to the economy primarily through:

A. Wealth creation and employment generation

B. Religious awareness

C. Population control

D. Resource hoarding

2 / 40

2. Ideas aligned with long-term goals are:

A. Harder to promote

B. Likely to be abandoned

C. More sustainable and focused

D. Difficult to manage

3 / 40

3. Personal interests and hobbies contribute to business ideas by:

A. Limiting creativity

B. Turning passions into income sources

C. Ensuring legal protection

D. Lowering customer expectations

4 / 40

4. A good business idea is expected to:

A. Align with societal problems only

B. Be complex and vague

C. Solve a problem and offer growth

D. Avoid financial gains

5 / 40

5. Business success often depends on the ability to:

A. Copy competitors

B. Ignore trends

C. Avoid risks

D. Identify viable ideas and opportunities

6 / 40

6. Favorable conditions that allow a business idea to succeed describe:

A. Revenue model

B. Investment capital

C. Business opportunity

D. External threat

7 / 40

7. Problems faced by customers in a niche market can serve as:

A. Inspiration for business ideas

B. Financial burdens

C. Branding strategies

D. Marketing slogans

8 / 40

8. A scalable business idea has the potential for

A. Local restriction

B. Financial loss

C. Quick abandonment

D. Expansion and growth

9 / 40

9. An example of a secondary industry is:

A. Banking

B. Transportation

C. Manufacturing

D. Fishing

10 / 40

10. Trends like technology and sustainability can be leveraged to:

A. Eliminate customer demand

B. Abandon feasibility studies

C. Reduce competition

D. Create business opportunities

11 / 40

11. One goal of business that enhances employee satisfaction is:

A. Cost minimization

B. Corporate investment

C. Employee welfare

D. Sales promotion

12 / 40

12. One internal factor affecting business operations is:

A. Interest rates

B. Taxation

C. Environmental trends

D. Management

13 / 40

13. Creativity techniques and brainstorming can help in:

A. Copying existing brands

B. Hiding business opportunities

C. Generating innovative ideas

D. Reducing business capital

14 / 40

14. Customer behavior and market trends are better understood through:

A. Political campaigns

B. Social isolation

C. Library visits

D. Market research

15 / 40

15. The characteristic of business that involves customer satisfaction is known as:

A. Legal compliance

B. Corporate social responsibility

C. Customer orientation

D. Technological transformation

16 / 40

16. Scanning the environment helps entrepreneurs by:

A. Forecasting the weather

B. Recognizing economic and social changes

C. Reducing team size

D. Ignoring existing businesses

17 / 40

17. Entrepreneurship contributes to regional development by:

A. Promoting monopolies

B. Ignoring rural opportunities

C. Stimulating economic activity in underserved areas

D. Concentrating business only in Lagos

18 / 40

18. Peter Drucker defined business as an organization created to:

A. Provide goods and services to customers

B. Maximize profit

C. Generate wealth

D. Support social welfare

19 / 40

19. AGSMEIS encourages economic diversification by:

A. Supporting agribusiness and SMEs

B. Prioritizing luxury car imports

C. Funding real estate developments

D. Investing solely in oil-related ventures

20 / 40

20. Testing an idea on a small scale before full launch involves:

A. SWOT rejection

B. Market bribing

C. Prototype or pilot testing

D. Office decoration

21 / 40

21. Airbnb and Uber became successful because they:

A. Copied competitors

B. Focused on luxury clients

C. Closed market gaps

D. Ignored customer needs

22 / 40

22. NMFB supports job creation by:

A. Limiting access to credit

B. Financing MSMEs and farmers

C. Replacing human labor with robots

D. Focusing on high-interest consumer loans

23 / 40

23. The term used to describe all activities involved in exchanging goods and services for money is:

A. Business

B. Commerce

C. Investment

D. Entrepreneurship

24 / 40

24. MSMEDF supports financial inclusion by:

A. Offering foreign exchange grants

B. Providing single-digit interest rate loans

C. Prioritizing large multinational investments

D. Focusing only on urban business owners

25 / 40

25. Entrepreneurship in Nigeria helps reduce poverty by:

A. Limiting innovation and growth

B. Increasing oil dependency

C. Empowering individuals to earn income

D. Encouraging foreign control of industries

26 / 40

26. SMEDAN was established primarily to:

A. Control bank interest rates

B. Regulate online trading

C. Enforce tax collection

D. Address MSME challenges

27 / 40

27. Professional networking creates access to:

A. Business insights and ideas

B. Government documents

C. Office furniture

D. Personal loans

28 / 40

28. Ethical business practice includes:

A. Overpricing products

B. Tax evasion

C. Hoarding goods

D. Corporate governance

29 / 40

29. A major contributor to Nigeria’s GDP and job creation is:

A. Importation of luxury goods

B. Civil service reforms

C. Multinational corporations

D. Small and Medium Enterprises

30 / 40

30. Industry-specific knowledge enhances:

A. Academic qualifications

B. Innovation and idea generation

C. Cost of production

D. Business ethics

31 / 40

31. NMFB strengthens agriculture lending through:

A. Ignoring rural areas

B. Funding large corporations only

C. Partnering with NIRSAL for credit guarantees

D. Reducing farmer training

32 / 40

32. The legal structure where liability is limited and the business is separate from the owners is a:

A. Partnership

B. Limited liability company

C. Cooperative society

D. Sole proprietorship

33 / 40

33. Improvements to current goods or services can lead to:

A. Reduced innovation

B. Market confusion

C. New business ideas

D. Increased taxation

34 / 40

34. Market expansion as a goal falls under:

A. National objectives

B. Human objectives

C. Economic objectives

D. Social objectives

35 / 40

35. A concept designed to generate revenue and solve a problem in the market is known as:

A. Business strategy

B. Advertisement

C. Business idea

D. Financial plan

36 / 40

36. NBCI’s function before merging into BOI was to:

A. Sponsor academic conferences

B. Manage election budgets

C. Offer long-term financing to SMEs

D. Provide short-term retail loans

37 / 40

37. Legal entity status in business ensures:

A. Operation within a legal framework

B. Social integration

C. Financial independence

D. Continuous revenue

38 / 40

38. A business entity owned by one person with unlimited liability is called:

A. Cooperative

B. Partnership

C. Corporation

D. Sole proprietorship

39 / 40

39. Financial analysis is necessary to:

A. Attract friends

B. Reduce employee salaries

C. Ignore budgeting

D. Determine profitability

40 / 40

40. Strengths, weaknesses, opportunities, and threats are assessed through:

A. Feasibility checklist

B. Loan application

C. Cash flow statement

D. SWOT analysis

Your score is

The average score is 51%

FUOYE ENT 102 CBT Practice

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