BUS 207 CBT PRACTICE : Undergragra

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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 BUS 207 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

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BUS 207

1 / 30

Which of these is not a problem of enterprise development

Poor regulatory environment

Sufficient funding

Infrastructural deficit

Poor access to vocational skills

2 / 30

Which of the following is not an obstacle to Youth Empowerment

Inadequate capital

Lack of adequate training

Corporate funding

Absence of infrastructure

3 / 30

Who defined Entrepreneurship as the creation of organization or the process by which new organization come into existence

Rumelt

Gartner

Drucker

Champ. Farloo

4 / 30

In explaining Motivated as a characteristic of Entrepreneur, ________ was quoted.

Steve Ward

Larry Page

Steve Job

Richard Agrawal

5 / 30

Entrepreneurs do not procastinate, This is related to which characteristic

Future oriented

Resourceful

Decisive

Adventurous

6 / 30

There are how many theories of Entrepreneurship Finance

7 / 30

The exploitation of Price difference between markets or regions is called

Temporal Arbitrage

Spatial Arbitrage

Negotiation

Bargaining

8 / 30

Entrepreneurship in Nigeria is a n avenue to achieve the following except

Increase Economic Growth

Encourage Uncontrolled Economy

Create job

Reduce Import

9 / 30

Early Entrepreneurship started with what?

International Trade

Barter

Price Mechanism

Home Trade

10 / 30

Baumol's classification of entrepreneur is in how many ways

11 / 30

UAC stand for?

Unity Authority Corporation

Unity African Corporation

Unites African Company

United African Company

12 / 30

A Business plan is about how many pages?.

15 to 20

15 to 25

25 to 30

29 to 40

13 / 30

Which of these is not a characteristic of entrepreneurship

Flexibility

Transformation

Creativity

Passionate

14 / 30

______ explains the reason Why entrepreneurs don't have access to

Funding Analysis

Information Assymetric

Information Dilution

Bootstrap

15 / 30

______ is applied when there is mutual beneficent relationship between the Principal and
agent

Agency Theory

Finance Theory

Pecking order

Contract Theory

16 / 30

All of the following are definitions of an entrepreneur except

Someone who runs own business?

none of the above

Someone who runs an informal/criminal business.?

Someone who takes over a (failing) business and turn it around?

Someone who starts a new business?

17 / 30

Destructive entrepreneur are

Benefit their families

Benefitting society only

Involved in legal business

Involved in illegal business

18 / 30

________ refers to the exchange of goods for goods

Home Trade

Trade Mechanism

Trade by Barter

Domestic Trade

19 / 30

The abbreviation IDC stands for?

Industry Development Centre

Industrial Development Company

Industrial Development Centre

International Trade Distribution Component

20 / 30

The study of entrepreneurship is necessitated by the following except

Under Employment

Youth Unemployment

Lack of Productivity

Youth Empowerment

21 / 30

Modern Entrepreneurship started with _____

Europeans

Foreigners

Britains

Colonial Masters

22 / 30

________ means turning ideas to reality and capturing values from them

Capitalization

Production

Innovation

Entrepreneurship

23 / 30

______ is a written narrative that describes what a business intend to achieve and how to
achieve it

Business Agreement

Business Plan

Business Format

Business Document

24 / 30

______ is the exploitation of expected change in price of goods and services

Spatial Arbitrage

Inflation

Temporal Arbitrage

Divisional Arbitrage

25 / 30

Storey and Greene are scholars who identified how many sources of finance for entrepreneurs

26 / 30

Which of the following is not a programme for entrepreneurship funding

Microfinance bank

Agro Industry Funding

Cooperative Society

Bank of industries small enterprise fund

27 / 30

Which of these is not a factor that discouraged Entrepreneurship in Nigeria

Formal Eductaion

Foreign Entrepreneurs

Stability of Funding

28 / 30

Which of these is not a source of fund for entrepreneurs

Government Interventio

Tax

Loans from bank

Fund from Friends and Famil

29 / 30

Which type of entrepreneurs are productive

They benefit society only

They benefit themselves and society

They sell goods and services

They benefit themselves only

30 / 30

Which characteristic of entrepreneur emphasized that entrepreneurs are solo preneur

Optimistic

Flexibility

Motivated

Perseverance

Your score is

The average score is 61%

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