FUOYE GST 204 CBT PRACTICE TEST

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

2.

Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).

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

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

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

6.

_________ 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.

7. The organisation concerned with the registration of business in Nigeria is

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

9. What is job satisfaction primarily defined as?

10.

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

11. The reason for feasibility studies includes

12.

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

13. Quality Control is defined as

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

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

16. The cheapest source I'd long term finance is

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

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

19.

______is known as the father of scientific management.

20. 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

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

22. which resource is available to everyone equally?

23. One of the benefits of planning is

24.

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

26.

________ 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.

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

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

29. One of the followings is the Major Environmental Factor

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

31.

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

32. Which of the following is a community resource?

33. The followings except_____ is a component of feasibility studies

34.

____________ skill is highly necessary at the lower level of management

35.

____________ managers are responsible for hiring and developing employees

36. Corporate social responsibility is about

37.

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

39. A plan must be

40. The type of business you are planning should be stated under

41. Which of these is NOT an example of a material resource?

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

43.

_________ is a systematic way of doing things.

44. The Nigerian economy is primarily a______ economy

45.

_____ is deliberate arrangement of people to accomplish some specific purpose

46. Product Planning Tells You

47.

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

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

49. All of the following are disadvantages of Sole proprietorship

50. The macroeconomic framework of NEEDS does not include