FUOYE GST 204 CBT PRACTICE TEST

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

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

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

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

5. The most important of the factors of production is

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

7.

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

8. A market survey is important because it shows you

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

10.

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

11. A written business plan should have the following except

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

13. All of the following are disadvantages of Sole proprietorship

14.

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

15.

____________ skill is highly necessary at the lower level of management

16.

______is known as the father of scientific management.

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

18. The Nigerian economy is primarily a______ economy

19.

_____ is deliberate arrangement of people to accomplish some specific purpose

20. Which of the following is a community resource?

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

22. Sources of finance relates to

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

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

25.

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

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

28. An entrepreneur must be open to

29.

________ 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.

30.

31. Product Planning Tells You

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

33. What is a major cause of voluntary employee turnover

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

35.

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

36.

_________ 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.

37. Corporate social responsibility is about

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

39.

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

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

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

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

43. Which of the following best describes the unconditioned stimulus (UCS) in classical conditioning?

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

45. The reason for feasibility studies includes

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

47.

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

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

49.

The need for a business plan includes all except:

50. All these are critical success factors in entrepreneurship except