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

FUOYE 200 LEVEL GENERAL GRP

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Undergragra

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Created on July 26, 2023 By

Ace/Undergragra

Gst 204

1 / 50

1. The macroeconomic framework of NEEDS does not include

A. Promoting private enterprise

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

C. Empowering people

D. Government to create more jobs

2 / 50

2. Corporate social responsibility is about

A. Quality leadership of organization

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

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

D. Misuse of corporate ethics policies

3 / 50

3. What is job satisfaction primarily defined as?

A. Short commute times

B. High salary and benefits

C. Positive emotional response to the job

D. Regular promotions

4 / 50

4. Which statement is not true of entrepreneurs

A. They are agents of adjustment

B. The change the way business converts input and output

C. They apply innovative ideas

D. They generally stick to the process

5 / 50

5. One of the followings is the Major Environmental Factor

A. Marketing

B. Policy making

C. Selling

D. Cultism

6 / 50

6. Which of the following is NOT classified as a human resource?

A. Money

B. Skills

C. Knowledge

D. Time

7 / 50

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

A. Figure head role

B. Monitor role

C. Spokesman role

D. Leadership role

8 / 50

8. Which of the following is not considered a characteristic of an entrepreneur

A. Self confidence

B. Internal locus of control

C. High need for achievement

D. External locus of control

9 / 50

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

A. Decentralization

B. Responsibility

C. Delegation

D. Centralization

10 / 50

10.

The functionality of an entrepreneur is based on some established _______

A. Logic

B. Terms

C. Principles

D. Condition

11 / 50

11.

_____ is deliberate arrangement of people to accomplish some specific purpose

A. Department

B. Human Resources Management

C. Management

D. Organization

12 / 50

12.

_________ is a systematic way of doing things.

A. Industry

B. Process

C. System

D. Organization

13 / 50

13.

A plan must be________

A. Doable

B. Accommodating

C. Readable

D. Explicit

14 / 50

14. Product Planning Tells You

A. Cost to produce your product

B. Where you will produce your product

C. Your net profit

D. Total revenues

15 / 50

15. An entrepreneur must be open to

A. Others

B. Challenge

C. Criticism

D. Negotiation

16 / 50

16.

______is known as the father of scientific management.

A. Henry Fayol

B. Gilbreth

C. Adam Smith

D. Frederick W Taylor

17 / 50

17. Which of the following is not a component of employee wellbeing?

A. Social well-being

B. Environmental well-being

C. Cultural well-being

D. Career well-being

18 / 50

18. One of the benefits of planning is

A. It justifies your plans and actions

B. It indicates your inability

C. It increases "firefight"

D. It keeps ideas in your memory

19 / 50

19.

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

A. Directing

B. Controlling

C. Planning

D. Implementation

20 / 50

20.

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

A. Prospectus

B. Journals

C. Books

D. Articles

21 / 50

21. There are given situations where an Entrepreneur is not able to establish his or her own business and as such has to work in a

A. Firm

B. Company

C. Factory

D. Establishment

22 / 50

22. Which of the following steps in planning involves setting specific goals or targets?

A. Acting to carry out the plan

B. Choosing between alternatives

C. Identifying the problem

D. Identifying different alternatives

23 / 50

23.

The need for a full-scale business plan according to Cagan (2006) is spurred by the following except one:

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

B. None of the options

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

D. You plan to launch a new business

24 / 50

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

A. Unlimited avaialability of resources

B. Increased resource wastage

C. Equal distribution of resources among everyone

D. Maximum output and minimum input

25 / 50

25.

_________ is the process of arranging and all locating work, authority, and resources among an organization's members so they can achieve the organization's goals.

A. Organizing

B. Controlling

C. Implementing

D. Planning

26 / 50

26. A market survey is important because it shows you

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

B. Tells you what the customer will buy

C. All the options

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

27 / 50

27. One of the major advantages facing Nigerian entrepreneurs is the

A. Opportunity to buy one's way through

B. Large market made available due to high population

C. Constant change in policy

D. The high rate of unemployment

28 / 50

28.

________ 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. Social Venture

B. Skilled Venture

C. Political Venture

D. Technical Venture

29 / 50

29. 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. Inventor

B. Manager

C. Entrepreneur

D. Intrapreneur

30 / 50

30.

A written business plan should have all the following except________

A. Product or service

B. Business objective

C. Liquidation plan

D. Financial information

31 / 50

31.

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

A. 3

B. 5

C. 4

D. 2

32 / 50

32. A plan must be

A. Durable

B. Accommodating

C. Readable

D. Explicit

33 / 50

33.

Technical skills basically involve the following except _______________ in performing a job effectively

A. Technique

B. Method

C. Knowledge

D. Trust skills

34 / 50

34. The Nigerian entrepreneur who create the Eleganza industries is

A. Ada Onyejike

B. Uche Uche Ohafia

C. Razaq Okoya

D. Aliko Dangote

35 / 50

35. All these are critical success factors in entrepreneurship except

A. Lack of product development

B. Poor managerial experience

C. Absence of capital project

D. Lack of information about customer

36 / 50

36. The goal of entrepreneurial and functional education are all except

A. Expose learners to the versatility of knowledge

B. Training in technical and vocational skills are complemented with sound general education

C. Create job for all

D. Provide men and women equal opportunity to learn vocational skills

37 / 50

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

A. Socio cultural environment

B. Political-legal environment

C. Technological environment

D. All the options

38 / 50

38. which resource is available to everyone equally?

A. Money

B. Time

C. Energy

D. Knowledge

39 / 50

39. The reason for feasibility studies includes

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

B. All the options

C. Identifying logistical and other related business problem solution

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

40 / 50

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

A. Long term

B. Short term

C. All the options

D. Medium term

41 / 50

41. What should companies do to communicate their care for employees?

A. Provide longer lunch breaks

B. Use newsletters, rewards, and paid incentives

C. Increase salaries regularly

D. Allow employees to work from home permanently

42 / 50

42. The Nigerian economy is primarily a______ economy

A. Capitalist

B. Socialist

C. Mono

D. Mixed

43 / 50

43. Quality Control is defined as

A. Controlling the cost of product

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

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

D. Controlling the number of pieces involved

44 / 50

44. The non continuous process of combining resources of time,man,money and materials to create projects,services and ideas is

A. Management

B. Intrapreneurship

C. Entrepreneurship

D. Production

45 / 50

45. What is a major cause of voluntary employee turnover

A. Long working hours

B. High workload

C. Poor management behavior

D. Lack of career progression

46 / 50

46. Which phase of classical conditioning involves pairing a neutral stimulus with an unconditioned stimulus?

A. Before Conditioning

B. After Conditioning

C. Acquisition

D. During Conditioning

47 / 50

47. The most important of the factors of production is

A. Labour

B. Entrepreneur

C. Capital

D. Land

48 / 50

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

A. Manageable

B. Interchangeability

C. Acccesibility

D. Utility

49 / 50

49. Which of the following is a community resource?

A. Public Park

B. Personal Skills

C. Individual time

D. Family owned furniture

50 / 50

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

A. Ethics

B. Law

C. Risk

D. Management

Your score is

The average score is 37%

FUOYE GST 204 CBT PRACTICE TEST

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

_____ is deliberate arrangement of people to accomplish some specific purpose

_________ is a systematic way of doing things.

A plan must be________

______is known as the father of scientific management.

_________ 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.

The need for a full-scale business plan according to Cagan (2006) is spurred by the following except one:

_________ is the process of arranging and all locating work, authority, and resources among an organization's members so they can achieve the organization's goals.

________ 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 written business plan should have all the following except________

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

Technical skills basically involve the following except _______________ in performing a job effectively

Office

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

_____ is deliberate arrangement of people to accomplish some specific purpose

_________ is a systematic way of doing things.

A plan must be________

______is known as the father of scientific management.

_________ 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.

The need for a full-scale business plan according to Cagan (2006) is spurred by the following except one:

_________ is the process of arranging and all locating work, authority, and resources among an organization's members so they can achieve the organization's goals.

________ 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 written business plan should have all the following except________

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

Technical skills basically involve the following except _______________ in performing a job effectively

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