FUOYE ENT 102 CBT Practice

1. SMEDAN was established primarily to:

2. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________

3.

4. The conceptual cornerstone in the theory of entrepreneurship lies on __________

5. Can anyone start a business?

6. One internal factor affecting business operations is:

7. Favorable conditions that allow a business idea to succeed describe:

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

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

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

11. Which of the following is erronously linked to non profit organizations?

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

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

14. SMEs means___?

15. Alignment with personal values is important because it:

16. The mix of norms, values and beliefs that are shared by a particular community be it a business community, a cultural (or ethnic) community, a country, or a geographical region defined as _________

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

18.

19. Ideas aligned with long-term goals are:

20. Below are characteristics of an Entrepreneur except ____

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

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

23. Every enterprise is financed either through ____or____or____or both

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

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

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

27. Entrepreneurs come up with great ideas that lead to creativity and ___________

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

29. One of the economic objectives of business includes:

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

31. MSMEDF supports financial inclusion by:

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

33. Political factors influencing business include:

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

35. Ethical business practice includes:

36. Problems faced by customers in a niche market can serve as:

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

38. Scanning the environment helps entrepreneurs by:

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

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

41. One of the followings is the Major Environmental Factor

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

43.

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

45. Professional networking creates access to:

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

47. Legal entity status in business ensures:

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

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

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

51. NMFB strengthens agriculture lending through:

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

53. A Feasibility report is

54. Who is an Entrepreneur?

55. Market analysis section of the business plan covers the following except?

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

57. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______

58. Industry-specific knowledge enhances:

59. Businesses contribute to development by:

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

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

62. SMEIS differs from traditional bank loans by:

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

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

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

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

67. Entrepreneurship contributes to regional development by:

68. A concept designed to generate revenue and solve a problem in the market is known as:

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

70. . A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______

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

72. Business contributes to the economy primarily through:

73. Financial analysis is necessary to:

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

75. An example of a secondary industry is:

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

77. Illumination occurs when the idea surfaces as a realistic ________

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

79. Business plan should always serve as __?

80. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________