FUOYE GST 204 CBT PRACTICE TEST

1. All these are critical success factors in entrepreneurship except

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

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

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

5. An entrepreneur must be open to

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

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

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

9. Corporate social responsibility is about

10. Quality Control is defined as

11. Which statement is not true of entrepreneurs

12. One of the benefits of planning is

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

14. Product Planning Tells You

15. The reason for feasibility studies includes

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

17. A written business plan should have the following except

18. The Nigerian entrepreneur who create the Eleganza industries is

19. The most important of the factors of production is

20. All of the following are disadvantages of Sole proprietorship

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

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

23. The Nigerian economy is primarily a______ economy

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

25. Making a purchase you had not planned is called

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

27. The need for a business plan includes all the following except

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

29. Sources of finance relates to

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

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

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

33. The followings except_____ is a component of feasibility studies

34. 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

35. A market survey is important because it shows you

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

37. The macroeconomic framework of NEEDS does not include

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

39. A plan must be

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