FUOYE ENT 102 CBT Practice

1.

2. SMEs means___?

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

4. Ethical business practice includes:

5. Creativity techniques and brainstorming can help in:

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

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

8. ______exists between family members and there business

9. A scalable business idea has the potential for

10. An example of a secondary industry is:

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

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

13. Corporate social responsibility (CSR) belongs to:

14. Alignment with personal values is important because it:

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

16. NMFB strengthens agriculture lending through:

17. Airbnb and Uber became successful because they:

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

19. 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 _________

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

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

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

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

24. The term Entrepreneur seems to have been introduced into Economics by ___

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

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

27. Financial analysis is necessary to:

28. Business plan should always serve as __?

29. MSMEDF supports financial inclusion by:

30.

31. Scanning the environment helps entrepreneurs by:

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

33. Entrepreneurship in Nigeria helps reduce poverty by:

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

35. Who is an Entrepreneur?

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

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

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

39. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________

40. Ideas aligned with long-term goals are:

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

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

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

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

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

46. SMEDAN was established primarily to:

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

48.

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

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

51. COWAN mean ______

52. A good business idea is expected to:

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

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

55. Advertising and insurance fall under the category of:

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

57. Industry-specific knowledge enhances:

58. Skills can be acquired through _____

59. Entrepreneurial political administrative activities include the following except?

60. A Feasibility report is

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

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

63. Legal entity status in business ensures:

64. One internal factor affecting business operations is:

65. Businesses contribute to development by:

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

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

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

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

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

71. NMFB supports job creation by:

72. Business contributes to the economy primarily through:

73. Major types of entrepreneurs include all except ____

74. Every enterprise is financed either through ____or____or____or both

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

76. Political factors influencing business include:

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

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

79. SMEIS differs from traditional bank loans by:

80. One of the following is not a challenge in writing feasibility report?