Home CBT TEST FUOYE GST 204 CBT PRACTICE TEST

CBT TEST

FUOYE GST 204 CBT PRACTICE TEST

Phil

July 26, 2023

104

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 GST 204 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

FUOYE 200 LEVEL GENERAL GRP

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Created on July 26, 2023 By

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Gst 204

1 / 50

1. For small business owners one of the most important objective is

A. Growth

B. Adaptability

C. Market peace

D. Profitability

2 / 50

2. The goal of entrepreneurial and functional education are all except

A. Training in technical and vocational skills are complemented with sound general education

B. Create job for all

C. Provide men and women equal opportunity to learn vocational skills

D. Expose learners to the versatility of knowledge

3 / 50

A plan must be________

A. Doable

B. Explicit

C. Readable

D. Accommodating

4 / 50

4. What should be the result of effective resource management?

A. Increased resource wastage

B. Unlimited avaialability of resources

C. Maximum output and minimum input

D. Equal distribution of resources among everyone

5 / 50

5. The non continuous process of combining resources of time,man,money and materials to create projects,services and ideas is

A. Entrepreneurship

B. Management

C. Production

D. Intrapreneurship

6 / 50

6. The need for a business plan includes all the following except

A. Increasing your labour force

B. Expanding your existing business

C. Adding a new product or product line

D. Planing to launch a new business

7 / 50

7. What is essential for sustaining individual growth and physical output according to the text?

A. Energy

B. Money

C. Time

D. Skills

8 / 50

8. Quality Control is defined as

A. Producing and monitoring products so they are acceptable to the workers

B. Producing and monitoring products so they are acceptable to the consumer

C. Controlling the number of pieces involved

D. Controlling the cost of product

9 / 50

The need for a business plan includes all except:

A. Expanding your existing business

B. Planning to launch a new business

C. Increasing your labour force

D. Adding a new product or product line

10 / 50

10. The macroeconomic framework of NEEDS does not include

A. Changing the way the government does it's work

B. Government to create more jobs

C. Promoting private enterprise

D. Empowering people

11 / 50

11. Which of the following is a community resource?

A. Personal Skills

B. Public Park

C. Individual time

D. Family owned furniture

12 / 50

12. One of the followings is the Major Environmental Factor

A. Cultism

B. Policy making

C. Marketing

D. Selling

13 / 50

13. All of the following are disadvantages of Sole proprietorship

A. Easy to raise capital

B. Limited Growth

C. Unlimited liability

D. Lack of continuity after the death of the promoter

14 / 50

14.

Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______

A. Social value

B. Social interest

C. Social esteem

D. Social make up

15 / 50

15. Which of the following is a way for a manager to improve employee wellbeing?

A. Implement an employee wellbeing program

B. Increase the workload to boost productivity

C. Focus solely on physical health

D. Avoid giving feedback to prevent stress

16 / 50

16. Which of the following is not a component of employee wellbeing?

A. Cultural well-being

B. Social well-being

C. Career well-being

D. Environmental well-being

17 / 50

17. Corporate social responsibility is about

A. Misuse of corporate ethics policies

B. Quality leadership of organization

C. Moral rights and duties between a company and its share holders

D. The ethical rights between a company and its host societies

18 / 50

18. An entrepreneur must be open to

A. Criticism

B. Negotiation

C. Others

D. Challenge

19 / 50

19. Which of the following best describes the unconditioned stimulus (UCS) in classical conditioning?

A. A learned response to a previously neutral stimulus

B. A stimulus that naturally and automatically triggers a response

C. A previously neutral stimulus that now leads to a response

D. A stimulus that does not initially trigger a response

20 / 50

20. The organisation concerned with the registration of business in Nigeria is

A. CAC

B. EFCC

C. ICPC

D. SON

21 / 50

21. One of the benefits of planning is

A. It indicates your inability

B. It keeps ideas in your memory

C. It increases "firefight"

D. It justifies your plans and actions

22 / 50

22.

When a manager performs duties such as greeting visitors, speaking at functions, taking important customers to lunch etc. This role is known as

A. Figure head role

B. Leadership role

C. Monitor role

D. Spokesman role

23 / 50

23.

_________ is the determination of objective and the possible strategies to accomplishing it.

A. Planning

B. Implementation

C. Controlling

D. Organizing

24 / 50

24. Which of these is NOT an example of a material resource?

A. Space

B. Food item

C. Stationery

D. Motivation

25 / 50

25.

_________ is the process of arranging and all locating work, authority, and resources among an organization’s members so they can achieve the organization’s goals.

A. Planning

B. Organizing

C. Implementing

D. Controlling

26 / 50

26. The followings except_____ is a component of feasibility studies

A. Acquisition

B. Product/Service

C. Technology

D. Executive Summary

27 / 50

27. A written business plan should have the following except

A. Business objectives

B. Financial information

C. Product or service

D. Liquidation

28 / 50

28.

The need for a full-scale business plan according to Cagan (2006) is spurred by the following except one:

A. You want to expand your existing business into new markets

B. You plan to launch a new business

C. You want to add a new product or product line

D. None of the options

29 / 50

29.

Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).

A. Leveraged non profit

B. Hybrid non profit

C. Social character

D. Social business

30 / 50

30.

_________ is the process of leading and influencing the task-related activities of members of the organization.

A. Implementation

B. Planning

C. Controlling

D. Directing

31 / 50

31.

______is known as the father of scientific management.

A. Gilbreth

B. Frederick W Taylor

C. Henry Fayol

D. Adam Smith

32 / 50

32. An individual that exhibits innovative abilities,perceives the market opportunities and has the motivation,drive and ability to mobilize resources to meet market opportunities,while working in an existing organization is known as a/an

A. Intrapreneur

B. Manager

C. Entrepreneur

D. Inventor

33 / 50

33. One of the major advantages facing Nigerian entrepreneurs is the

A. The high rate of unemployment

B. Constant change in policy

C. Large market made available due to high population

D. Opportunity to buy one's way through

34 / 50

34.

The functionality of an entrepreneur is based on some established _______

A. Logic

B. Terms

C. Principles

D. Condition

35 / 50

35. Which phase of classical conditioning involves pairing a neutral stimulus with an unconditioned stimulus?

A. Acquisition

B. During Conditioning

C. After Conditioning

D. Before Conditioning

36 / 50

36.

Managers can be differentiated into the following, except ,,,,,,,,,,,,,,,,

A. Financial

B. Marketing

C. Operating

D. Management

37 / 50

37. which resource is available to everyone equally?

A. Time

B. Energy

C. Money

D. Knowledge

38 / 50

38. What should companies do to communicate their care for employees?

A. Increase salaries regularly

B. Use newsletters, rewards, and paid incentives

C. Allow employees to work from home permanently

D. Provide longer lunch breaks

39 / 50

39. What is the first step in the management process?

A. Organising

B. Implementing

C. Controlling

D. Planning

40 / 50

40. The social entrepreneur who is interested in poverty reduction of the less privileged with a foundation to assist children is

A. Bola Ahmed Tinubu

B. Rochas Okorocha

C. Poly Emenike

D. Aliko Dangote

41 / 50

41. All but which of the following is considered to be a myth

A. Successful entrepreneurs are born not made

B. An entrepreneur faces extraordinary business risk

C. First venture are always successful

D. Successful entrepreneurs must have a breakthrough invention

42 / 50

42. All these are critical success factors in entrepreneurship except

A. Lack of product development

B. Lack of information about customer

C. Absence of capital project

D. Poor managerial experience

43 / 50

43.

___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.

A. Articles

B. Books

C. Journals

D. Prospectus

44 / 50

44.

________ may be structured in many forms, including sole proprietors, for-profit and not-for-profit firms, non-governmental organizations, youth groups, community organizations, and more.

A. Social Venture

B. Technical Venture

C. Political Venture

D. Skilled Venture

45 / 50

45. The need for a full scale business plan is spurred by one of the following except

A. None of the options

B. You want to add a new product or product line

C. You plan to launch a new business

D. You want to expand your existing business into new markets

46 / 50

46. Which statement is not true of entrepreneurs

A. They are agents of adjustment

B. The change the way business converts input and output

C. They apply innovative ideas

D. They generally stick to the process

47 / 50

47. Which of the following is an important element of an organization external environment

A. Socio cultural environment

B. All the options

C. Political-legal environment

D. Technological environment

48 / 50

48.

A written business plan should have all the following except________

A. Business objective

B. Product or service

C. Financial information

D. Liquidation plan

49 / 50

49. Sources of funds obtained for a period between one day and 365 days is

A. Long term

B. Short term

C. All the options

D. Medium term

50 / 50

50. The Nigerian economy is primarily a______ economy

A. Socialist

B. Mixed

C. Capitalist

D. Mono

Your score is

The average score is 33%

FUOYE GST 204 CBT PRACTICE TEST

A plan must be________

The need for a business plan includes all except:

When a manager performs duties such as greeting visitors, speaking at functions, taking important customers to lunch etc. This role is known as

_________ is the determination of objective and the possible strategies to accomplishing it.

_________ is the process of arranging and all locating work, authority, and resources among an organization’s members so they can achieve the organization’s goals.

The need for a full-scale business plan according to Cagan (2006) is spurred by the following except one:

Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).

_________ is the process of leading and influencing the task-related activities of members of the organization.

______is known as the father of scientific management.

Managers can be differentiated into the following, except ,,,,,,,,,,,,,,,,

___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.

________ may be structured in many forms, including sole proprietors, for-profit and not-for-profit firms, non-governmental organizations, youth groups, community organizations, and more.

A written business plan should have all the following except________

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A plan must be________

The need for a business plan includes all except:

When a manager performs duties such as greeting visitors, speaking at functions, taking important customers to lunch etc. This role is known as

_________ is the determination of objective and the possible strategies to accomplishing it.

_________ is the process of arranging and all locating work, authority, and resources among an organization’s members so they can achieve the organization’s goals.

The need for a full-scale business plan according to Cagan (2006) is spurred by the following except one:

Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).

_________ is the process of leading and influencing the task-related activities of members of the organization.

______is known as the father of scientific management.

Managers can be differentiated into the following, except ,,,,,,,,,,,,,,,,

___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.

________ may be structured in many forms, including sole proprietors, for-profit and not-for-profit firms, non-governmental organizations, youth groups, community organizations, and more.

A written business plan should have all the following except________

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Follow us on Instagram @undergragra_official

EVEN MORE NEWS

POPULAR CATEGORY