GST 106 CBT PRACTICE TEST

1. All of these are some of Traits of Entrepreneur except ______

2. Any industry with a labour size of not more than 10 workers is termed ____

3. All of these are some of the major types of An Entrepreneur except ______

4. Which of the following is not a function of the Feasibility Report?

5. _____ was the first to apply the concept of Entrepreneur to business in year _____

6. Every enterprise is financed either through ____or____or____or both

7. NLBD means ____

8. The well-established habit of doing something expertly or the habit of doing something well is known as ______________.

9. ____of entrepreneurs’s skills development should come from on-the-job activities and action learning

10. SMEs means___?

11. COWAN mean ______

12. Below are characteristics of an Entrepreneur except ____

13. All of these are concept enterprise except ___

14. ______ is one of the causes of business failure.

15. _____ defines globalization as the process of creating networks of connection among actors in year _______.

16. A Feasibility report is

17. Entrepreneurial skill development should follow what ratio ?

18. _____ is a new idea, device, or process

19. Small and Medium Scale Enterprise in Nigeria currently makes a contribution of about ____to the nations GDP

20. The concept _____ could be expressed as a venture, a business risk taking

21. ______ involves the process of creating and running one's business.

22. The rate of employment in Nigeria has rose from what percentage in 2010 to what percentage in 2011 ?

23. __refers to the ratio of total trades in the economy.

24. Can anyone start a business?

25. Skills can be acquired through _____

26. SMEs are an enterprise that has asset base of between ____and _____

27. Components of positioning products include all but one of the following

28. Who is an Entrepreneur?

29. The Entrepreneurial building or centre at FUOYE  is equipped to ___

30. All of these are Interpersonal skill for Entrepreneurs to succeed except ____

31. ______exists between family members and there business

32. One of the major problems of SMEs in Nigeria are these,except one

33. ______is a kind of training that equips the learner with the entrepreneurial skills required for success in business

34. Major types of entrepreneurs include all except ____

35. Marketing research is the set of process that links the Consumer, Customer and public to the marketer through information. True or false?

36. A large scale industry is any firm or business with a labour size of __

37. The concept  ‘entrepreneur’ was originally a French word that appeared for the first time in the “Dictionaire de la lanque franchise in year _____”

38. The concept entrepreneurship can be link with the French word “_________”

39. Feasibility is a study of technical documents. State true or false.

40. Branding is considered as one of the best tools for ___

41. All of these are components of feasibility study except _____

42. Business plan should always serve as __?

43. Which of the following is considered as the major mistakes that must be avoided by young Entrepreneurs?

44. Entrepreneurship growth has gone through the phases below except ____

45. In 2017, the estimated youth unemployment rate in Nigeria was _____

46. ____was the first to apply the concept entrepreneur to business in 1755

47. A large scale industry is any firm ,industry or business with a total cost of ___

48. What is referred to as the “5th P” of product for attention and promotion side?

49. According to the National Bureau of statistics( 2013) about how many  new job seekers enter the market every year?

50. In the _______era,the major structure of economy was agriculture,fishing pastoral activities,crafts and hunting