FUOYE ENT 102 CBT Practice

1. SMEIS differs from traditional bank loans by:

2. SMEDAN was established primarily to:

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

4. Ethical business practice includes:

5. One of the economic objectives of business includes:

6. Industry-specific knowledge enhances:

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

8. Business contributes to the economy primarily through:

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

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

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

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

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

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

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

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

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

18. NMFB strengthens agriculture lending through:

19. Alignment with personal values is important because it:

20. Professional networking creates access to:

21. Financial analysis is necessary to:

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

23. A scalable business idea has the potential for

24. Business success often depends on the ability to:

25. Political factors influencing business include:

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

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

28. Legal entity status in business ensures:

29. Airbnb and Uber became successful because they:

30. Scanning the environment helps entrepreneurs by:

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

32. Corporate social responsibility (CSR) belongs to:

33. One internal factor affecting business operations is:

34. Contribution to Gross Domestic Product (GDP) is classified under:

35. Ideas aligned with long-term goals are:

36. A good business idea is expected to:

37. Entrepreneurship contributes to regional development by:

38. Business can be described as an organized effort by individuals or groups to:

39. Entrepreneurship in Nigeria helps reduce poverty by:

40. Businesses contribute to development by: