GST 105 CBT Practice Questions for FUOYE Students(Now Active)

1. Under-pricing is regarded as one of the mistakes of _____.

2. Buying companies with problems but profit potential describes a _____.

3. An entrepreneur that earns capital gain from large assets is a _____.

4. Meredith et al defined an entrepreneur as one who gathers resources to ensure _____.

5. Viewing threats as opportunities describes a _____ environment.

6. State whether any individual can start a business:

7. Everett Hagen viewed an entrepreneur as a _____.

8. Preference for taking over an existing business defines a _____.

9. Holt (1992) identified idea generation as the first stage of _____.

10. Merriam-Webster (1972) defined an entrepreneur as one who organizes and manages a business for _____.

11. Cantillon belongs to the _____ school of thought known as _____.

12. Identify the person and year associated with defining globalization as the process of creating networks of connection:

13. A self-employed individual operating alone or with few employees is a _____

14. Entrepreneurship was defined as purposeful activity by _____.

15. According to Jim Rohn, an enterprising person sees the making of a sculpture from _____.

16. An individual heading a family business is a _____.

17. State the full meaning of the acronym NLBD:

18. Pick the interpersonal skill that is NOT required for entrepreneur success

19. Identify a common cause of business failure

20. Innovation and power concepts were introduced by _____.

21. The concept of creative and imaginative thought was introduced by _____.

22. Select the option that is NOT a function of a feasibility report:

23. According to Knight, an entrepreneur is a _____.

24. An individual that builds a large company through delegation is a _____.

25. Choose a major mistake young entrepreneurs should avoid:

26. The scholar that defined an entrepreneur as one who coordinates scarce resources is _____.

27. Idea generation is not regarded as a form of _____.

28. The story linked to the definition of entrepreneurship is the story of _____.

29. Name the process of creating and running one’s business:

30. Searching for change and exploiting opportunity was emphasized by _____

31. Individuals preferring psychological relief through group work are known as _____.

32. Environment can also be referred to as _____.

33. Define the well-established habit of doing something expertly:

34. Provide the full meaning of the abbreviation SMEs:

35. Define the term entrepreneur:

36. NLDB stands for Nigeria Local Development Board formed in _____.

37. Pick the option that does NOT describe a characteristic of an entrepreneur:

38. Okpara (2000) defined an entrepreneur as a _____.

39. Intellectual Property Right is abbreviated as _____.

40. Determine the truth of the statement regarding marketing research linking the consumer to the marketer