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

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Gst 204

1 / 50

1. What is job satisfaction primarily defined as?

A. High salary and benefits

B. Short commute times

C. Positive emotional response to the job

D. Regular promotions

2 / 50

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

A. Personal savings

B. Banks

C. Grants

D. Cooperative society

3 / 50

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

A. None of the options

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

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

D. You plan to launch a new business

4 / 50

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

A. Successful entrepreneurs are born not made

B. First venture are always successful

C. An entrepreneur faces extraordinary business risk

D. Successful entrepreneurs must have a breakthrough invention

5 / 50

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

A. Technical skills

B. Interpersonal skills

C. Conceptual skills

D. Intrapersonal skills

6 / 50

Table of Contents

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

A. Trust skills

B. Knowledge

C. Method

D. Technique

7 / 50

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

A. Create job for all

B. Expose learners to the versatility of knowledge

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

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

8 / 50

8. The most important of the factors of production is

A. Land

B. Capital

C. Entrepreneur

D. Labour

9 / 50

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

A. Knowledge

B. Skills

C. Money

D. Time

10 / 50

10.

____________ managers are responsible for hiring and developing employees

A. Human resources

B. Financial

C. Marketing

D. Management

11 / 50

11. The Nigerian economy is primarily a______ economy

A. Socialist

B. Capitalist

C. Mixed

D. Mono

12 / 50

12. A market survey is important because it shows you

A. All the options

B. Tells you what the customer will buy

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

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

13 / 50

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

A. Higher fixed HR costs

B. Increased voluntary turn over

C. Higher productivity

D. Decreased employee refferals

14 / 50

14. The macroeconomic framework of NEEDS does not include

A. Empowering people

B. Government to create more jobs

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

D. Promoting private enterprise

15 / 50

15. 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. Factory

B. Establishment

C. Firm

D. Company

16 / 50

16. A written business plan should have the following except

A. Business objectives

B. Product or service

C. Liquidation

D. Financial information

17 / 50

17. Product Planning Tells You

A. Total revenues

B. Where you will produce your product

C. Cost to produce your product

D. Your net profit

18 / 50

18.

_____ is deliberate arrangement of people to accomplish some specific purpose

A. Management

B. Organization

C. Department

D. Human Resources Management

19 / 50

19. One of the benefits of planning is

A. It justifies your plans and actions

B. It keeps ideas in your memory

C. It increases "firefight"

D. It indicates your inability

20 / 50

20. A plan must be

A. Readable

B. Accommodating

C. Explicit

D. Durable

21 / 50

21. Sources of finance relates to

A. How firms obtain funds for their retain earnings

B. How firm obtain fund for their dividend payment

C. How firms obtain funds for the day to day running of the business

D. How individuals source for their income

22 / 50

22.

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

A. Operating

B. Financial

C. Marketing

D. Management

23 / 50

23.

The functionality of an entrepreneur is based on some established _______

A. Principles

B. Logic

C. Condition

D. Terms

24 / 50

24.

_________ 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. Planning

B. Organizing

C. Controlling

D. Implementing

25 / 50

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

A. Manageable

B. Interchangeability

C. Acccesibility

D. Utility

26 / 50

26. 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

27 / 50

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

A. Time

B. Money

C. Energy

D. Skills

28 / 50

28.

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

A. Controlling

B. Implementation

C. Planning

D. Organizing

29 / 50

29. All these are critical success factors in entrepreneurship except

A. Absence of capital project

B. Lack of product development

C. Lack of information about customer

D. Poor managerial experience

30 / 50

30. 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

31 / 50

31.

A written business plan should have all the following except________

A. Liquidation plan

B. Product or service

C. Financial information

D. Business objective

32 / 50

32.

A plan must be________

A. Accommodating

B. Explicit

C. Doable

D. Readable

33 / 50

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

A. Internal locus of control

B. Self confidence

C. High need for achievement

D. External locus of control

34 / 50

34.

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

A. Social business

B. Leveraged non profit

C. Hybrid non profit

D. Social character

35 / 50

35. The reason for feasibility studies includes

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

B. Identifying logistical and other related business problem solution

C. All the options

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

36 / 50

36. An entrepreneur must be open to

A. Negotiation

B. Criticism

C. Others

D. Challenge

37 / 50

37. Quality Control is defined as

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

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

C. Controlling the cost of product

D. Controlling the number of pieces involved

38 / 50

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

A. Choosing between alternatives

B. Acting to carry out the plan

C. Identifying the problem

D. Identifying different alternatives

39 / 50

39. Corporate social responsibility is about

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

B. Quality leadership of organization

C. Misuse of corporate ethics policies

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

40 / 50

40. The followings except_____ is a component of feasibility studies

A. Acquisition

B. Technology

C. Executive Summary

D. Product/Service

41 / 50

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

A. Large market made available due to high population

B. Opportunity to buy one's way through

C. Constant change in policy

D. The high rate of unemployment

42 / 50

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

A. Poly Emenike

B. Aliko Dangote

C. Bola Ahmed Tinubu

D. Rochas Okorocha

43 / 50

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

A. Growth

B. Adaptability

C. Market peace

D. Profitability

44 / 50

44.

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

45 / 50

45. Which statement is not true of entrepreneurs

A. The change the way business converts input and output

B. They generally stick to the process

C. They are agents of adjustment

D. They apply innovative ideas

46 / 50

46.

____________ skill is highly necessary at the lower level of management

A. Technical Skill

B. Conceptual Skill

C. Analytical Skill

D. Human Skill

47 / 50

47. What is the first step in the management process?

A. Implementing

B. Planning

C. Controlling

D. Organising

48 / 50

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

A. Focus solely on physical health

B. Implement an employee wellbeing program

C. Avoid giving feedback to prevent stress

D. Increase the workload to boost productivity

49 / 50

49.

______is known as the father of scientific management.

A. Adam Smith

B. Gilbreth

C. Henry Fayol

D. Frederick W Taylor

50 / 50

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

A. Intrapreneurship

B. Entrepreneurship

C. Management

D. Production

Your score is

The average score is 37%

FUOYE GST 204 CBT PRACTICE TEST

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

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

____________ managers are responsible for hiring and developing employees

_____ is deliberate arrangement of people to accomplish some specific purpose

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

_________ 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.

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

A written business plan should have all the following except________

A plan must be________

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

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

____________ skill is highly necessary at the lower level of management

______is known as the father of scientific management.

Office Hours

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

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

____________ managers are responsible for hiring and developing employees

_____ is deliberate arrangement of people to accomplish some specific purpose

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

_________ 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.

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

A written business plan should have all the following except________

A plan must be________

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

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

____________ skill is highly necessary at the lower level of management

______is known as the father of scientific management.

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