GST 203 CBT Practice Questions (New Questions Added)

1. Politics at the international level includes actions such as ________.

2. Inadequate working capital may result in operating _____.

3. The operating cycle of working capital begins and ends with _____.

4. Federalism involves

5. Government, society and economy are related because

6. Investment process starts with a creative search for _____ alternatives.

7. According to Harold Lasswell, politics is concerned with ________.

8. France practices

9. Austin Ranney viewed politics primarily as a process of ________.

10. Which of the following is NOT an autocratic system?

11. Which of the following is NOT a function of government?

12. Ideas generated from business owners’ inventions are considered _____ sources.

13. Start-up capital refers to money needed to _____ a business.

14. Data collection and classification form part of problem _____.

15. Which concept refers to the legal membership of a country?

16. Final decision-making involves “casting the _____.”

17. Effective decisions must eventually degenerate into _____.

18. The two basic forms of government are

19. Britain practices a

20. Leadership is the process of influencing people toward a common _____.

21. Nigeria experienced military rule between

22. Aristotle described man as a ________.

23. The economy deals primarily with

24. Planning involves setting objectives and fixing _____.

25. Decision-making involves choosing the most cost-effective _____.

26. The four P’s of marketing include product, price, place and _____.

27. Government can best be described as

28. Citizens' demands influence

29. Nigeria practices

30. ECOWAS is an example of

31. Which is NOT a quality of good leadership?

32. Motivating employees requires recognizing and rewarding exceptional _____.

33. Montesquieu categorized the functions of government into ________.

34. A command economy is one where

35. The two basic criteria used to judge feasibility are cost required and value _____.

36. Sole proprietorship is one form of _____ organization.

37. Sole proprietorship is one form of _____ organization.

38. Promotion involves informing and _____ customers.

39. Fear of criticism is a major problem militating against project _____.

40. Ideas generated from business owners’ inventions are considered _____ sources.

41. A confederal system has a

42. An example of a professional society is

43. Autocracy is best described as

44. Decision-making for problem prevention is essentially _____

45. A feasibility study focuses on determining the _____ of a proposed business.

46. The scientific method begins with the ________.

47. The Greek words for democracy are

48. Costs directly traceable to production are known as _____ costs.

49. Organising involves bringing together resources to achieve business _____.

50. Costing assists businesses in setting appropriate _____.

51. Which of the following is NOT an arena where politics is practiced?

52. A democratic leader encourages

53. Chieftaincy matters are on the

54. Defining a problem requires understanding its nature and _____.

55. One disadvantage of unitary government is

56. Laissez-faire leadership involves

57. Financial resources refer to the _____ capital of an organization.

58. Controlling involves setting standards and taking _____ actions.

59. The study of politics goes beyond government to include ________.

60. A leader who inspires innovation practices

61. Effective management of small businesses requires constant planning and _____.

62. Rule by a few people is known as

63. Authoritarian governments are characterized by

64. Pricing must be high enough to generate profit and low enough to attract _____.

65. Defense is on the

66. Generality in science refers to the ability to ________.

67. Free and fair elections are a feature of

68. Power is inherited in which form of government?

69. Which of the following is NOT an autocratic system?

70. Early signs of problems are known as _____.

71. Autocracy is intolerant of

72. The marketing plan focuses on identifying target _____.

73. Financial planning focuses on growth and _____ analysis.

74. A society is made up of people who share

75. The executive summary serves as the _____ of the feasibility study.

76. Political power is difficult to measure because it is ________.

77. Pure science is primarily concerned with ________.

78. Investments that can be undertaken simultaneously are described as _____.

79. Scientific knowledge is best described as a ________.

80. Max Weber defined politics as the operation of the ________.