Home CBT TEST FUOYE GST 204 CBT PRACTICE TEST

CBT TEST

FUOYE GST 204 CBT PRACTICE TEST

Aruwaji Philip

July 26, 2023

1147

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 GST 204 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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Created on July 26, 2023 By

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Gst 204

1 / 50

_________ is the determination of objective and the possible strategies to accomplishing it.

A. Implementation

B. Organizing

C. Controlling

D. Planning

2 / 50

2. The goal of vision 2020 includes all the following except

A. Wealth for all

B. Poverty reduction

C. Values orientation

D. Employment generation

3 / 50

3. _____ is the assignment of a task,responsibility or authority by a manager to a subordinate

A. Responsibility

B. Delegation

C. Centralization

D. Decentralization

4 / 50

A plan must be________

A. Doable

B. Explicit

C. Accommodating

D. Readable

5 / 50

5. Skills in getting along with people and understanding other people is called

A. Interpersonal skills

B. Intrapersonal skills

C. Technical skills

D. Conceptual skills

6 / 50

6. Which statement is not true of entrepreneurs

A. They apply innovative ideas

B. They are agents of adjustment

C. The change the way business converts input and output

D. They generally stick to the process

7 / 50

_________ is the process of leading and influencing the task-related activities of members of the organization.

A. Planning

B. Implementation

C. Controlling

D. Directing

8 / 50

8. The most important of the factors of production is

A. Labour

B. Land

C. Capital

D. Entrepreneur

9 / 50

9. What should be the result of effective resource management?

A. Maximum output and minimum input

B. Equal distribution of resources among everyone

C. Unlimited avaialability of resources

D. Increased resource wastage

10 / 50

10. Which of the following is a way for a manager to improve employee wellbeing?

A. Focus solely on physical health

B. Increase the workload to boost productivity

C. Implement an employee wellbeing program

D. Avoid giving feedback to prevent stress

11 / 50

11. Which of the following is a consequence of high job satisfaction in a workplace?

A. Decreased employee refferals

B. Increased voluntary turn over

C. Higher fixed HR costs

D. Higher productivity

12 / 50

12. Quality Control is defined as

A. Producing and monitoring products so they are acceptable to the consumer

B. Controlling the number of pieces involved

C. Producing and monitoring products so they are acceptable to the workers

D. Controlling the cost of product

13 / 50

13. A market survey is important because it shows you

A. How many and what type of people are shopping at the store

B. All the options

C. Tells you what the customer will buy

D. Tells you how much the customer will pay for the product

14 / 50

14. Corporate social responsibility is about

A. Quality leadership of organization

B. Misuse of corporate ethics policies

C. The ethical rights between a company and its host societies

D. Moral rights and duties between a company and its share holders

15 / 50

15.

___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.

A. Books

B. Journals

C. Prospectus

D. Articles

16 / 50

16. All but which of the following is considered to be a myth

A. Successful entrepreneurs must have a breakthrough invention

B. First venture are always successful

C. An entrepreneur faces extraordinary business risk

D. Successful entrepreneurs are born not made

17 / 50

17. Which of these isn't a peculiar problem faced by entrepreneurs

A. Financial Problem

B. Infrastructural problem

C. Inadequate raw materials

D. Low standard of business ethics and political in stability

18 / 50

18.

Elkington and Hartigan (2007) define ______ models for social ventures.

A. 3

B. 2

C. 5

D. 4

19 / 50

19.

____________ managers are responsible for hiring and developing employees

A. Financial

B. Management

C. Marketing

D. Human resources

20 / 50

20. An entrepreneur must be open to

A. Criticism

B. Negotiation

C. Others

D. Challenge

21 / 50

21.

_____ is deliberate arrangement of people to accomplish some specific purpose

A. Human Resources Management

B. Organization

C. Management

D. Department

22 / 50

22. The followings except_____ is a component of feasibility studies

A. Technology

B. Executive Summary

C. Acquisition

D. Product/Service

23 / 50

23.

______is known as the father of scientific management.

A. Frederick W Taylor

B. Adam Smith

C. Henry Fayol

D. Gilbreth

24 / 50

24.

________ may be structured in many forms, including sole proprietors, for-profit and not-for-profit firms, non-governmental organizations, youth groups, community organizations, and more.

A. Skilled Venture

B. Political Venture

C. Technical Venture

D. Social Venture

25 / 50

25.

The functionality of an entrepreneur is based on some established _______

A. Terms

B. Logic

C. Condition

D. Principles

26 / 50

26. A written business plan should have the following except

A. Business objectives

B. Financial information

C. Liquidation

D. Product or service

27 / 50

27. An individual that exhibits innovative abilities,perceives the market opportunities and has the motivation,drive and ability to mobilize resources to meet market opportunities,while working in an existing organization is known as a/an

A. Intrapreneur

B. Manager

C. Inventor

D. Entrepreneur

28 / 50

28. What is job satisfaction primarily defined as?

A. Regular promotions

B. High salary and benefits

C. Positive emotional response to the job

D. Short commute times

29 / 50

29. What is the most important source of money for new business start ups

A. Personal savings

B. Cooperative society

C. Banks

D. Grants

30 / 50

30.

When a manager performs duties such as greeting visitors, speaking at functions, taking important customers to lunch etc. This role is known as

A. Leadership role

B. Monitor role

C. Figure head role

D. Spokesman role

31 / 50

31. which resource is available to everyone equally?

A. Energy

B. Knowledge

C. Time

D. Money

32 / 50

32.

Managers can be differentiated into the following, except ,,,,,,,,,,,,,,,,

A. Operating

B. Marketing

C. Management

D. Financial

33 / 50

33. For small business owners one of the most important objective is

A. Adaptability

B. Growth

C. Market peace

D. Profitability

34 / 50

34. All these are critical success factors in entrepreneurship except

A. Poor managerial experience

B. Lack of product development

C. Absence of capital project

D. Lack of information about customer

35 / 50

35. A plan must be

A. Accommodating

B. Explicit

C. Durable

D. Readable

36 / 50

36.

Socio economic value builds on the foundation of economic value creation by attempting to quantify and incorporate certain elements of _______

A. Social value

B. Social esteem

C. Social make up

D. Social interest

37 / 50

37. _______ is a system of principle governing the proper conduct of a person or group

A. Ethics

B. Management

C. Law

D. Risk

38 / 50

38. The social entrepreneur who is interested in poverty reduction of the less privileged with a foundation to assist children is

A. Aliko Dangote

B. Rochas Okorocha

C. Poly Emenike

D. Bola Ahmed Tinubu

39 / 50

39. Product Planning Tells You

A. Your net profit

B. Where you will produce your product

C. Cost to produce your product

D. Total revenues

40 / 50

40. What is a major cause of voluntary employee turnover

A. Lack of career progression

B. Poor management behavior

C. Long working hours

D. High workload

41 / 50

41. The need for a full scale business plan is spurred by one of the following except

A. You plan to launch a new business

B. None of the options

C. You want to add a new product or product line

D. You want to expand your existing business into new markets

42 / 50

42. The macroeconomic framework of NEEDS does not include

A. Promoting private enterprise

B. Empowering people

C. Government to create more jobs

D. Changing the way the government does it's work

43 / 50

43. What is essential for sustaining individual growth and physical output according to the text?

A. Skills

B. Energy

C. Money

D. Time

44 / 50

44. The reason for feasibility studies includes

A. Identifying logistical and other related business problem solution

B. Serving as a solo foundation to build your business plan

C. All the options

D. Listing in detail all you need to make it work

45 / 50

45. One of the benefits of planning is

A. It keeps ideas in your memory

B. It increases "firefight"

C. It indicates your inability

D. It justifies your plans and actions

46 / 50

46. One of the followings is the Major Environmental Factor

A. Cultism

B. Marketing

C. Policy making

D. Selling

47 / 50

47. Sources of funds obtained for a period between one day and 365 days is

A. Short term

B. Medium term

C. All the options

D. Long term

48 / 50

48.

____________ skill is highly necessary at the lower level of management

A. Analytical Skill

B. Human Skill

C. Conceptual Skill

D. Technical Skill

49 / 50

49. Which of the following is an important element of an organization external environment

A. Socio cultural environment

B. Technological environment

C. Political-legal environment

D. All the options

50 / 50

50. Which characteristic of resources is described as their ability to be substituted by another resource?

A. Manageable

B. Acccesibility

C. Utility

D. Interchangeability

Your score is

The average score is 33%

FUOYE GST 204 CBT PRACTICE TEST

_________ is the determination of objective and the possible strategies to accomplishing it.

A plan must be________

_________ is the process of leading and influencing the task-related activities of members of the organization.

___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.

Elkington and Hartigan (2007) define ______ models for social ventures.

____________ managers are responsible for hiring and developing employees

_____ is deliberate arrangement of people to accomplish some specific purpose

______is known as the father of scientific management.

________ may be structured in many forms, including sole proprietors, for-profit and not-for-profit firms, non-governmental organizations, youth groups, community organizations, and more.

When a manager performs duties such as greeting visitors, speaking at functions, taking important customers to lunch etc. This role is known as

Managers can be differentiated into the following, except ,,,,,,,,,,,,,,,,

____________ skill is highly necessary at the lower level of management

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_________ is the determination of objective and the possible strategies to accomplishing it.

A plan must be________

_________ is the process of leading and influencing the task-related activities of members of the organization.

___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.

Elkington and Hartigan (2007) define ______ models for social ventures.

____________ managers are responsible for hiring and developing employees

_____ is deliberate arrangement of people to accomplish some specific purpose

______is known as the father of scientific management.

________ may be structured in many forms, including sole proprietors, for-profit and not-for-profit firms, non-governmental organizations, youth groups, community organizations, and more.

When a manager performs duties such as greeting visitors, speaking at functions, taking important customers to lunch etc. This role is known as

Managers can be differentiated into the following, except ,,,,,,,,,,,,,,,,

____________ skill is highly necessary at the lower level of management

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Follow us on Instagram @undergragra_official

EVEN MORE NEWS

POPULAR CATEGORY