GST 106 CBT PRACTICE TEST(New Questions Added)

1. ______exists between family members and there business

2. The Entrepreneurial building or centre at FUOYE  is equipped to ___

3. The well-established habit of doing something expertly or the habit of doing something well is known as ______________.

4. The entrepreneur needs to evaluate the strengths and weaknesses of the business __________

5. In 2017, the estimated youth unemployment rate in Nigeria was _____

6. _____ is a new idea, device, or process

7. All of these are concept enterprise except ___

8. A large scale industry is any firm or business with a labour size of __

9. All of these are components of feasibility study except _____

10. Skills can be acquired through _____

11. Which of the following is erronously linked to non profit organizations?

12. Business plan should always serve as __?

13. . A manager Scientist or researcher who works inside an existing organization and notices opportunities for product improvements etc is ______

14. SMEs means___?

15. ____of entrepreneurs’s skills development should come from on-the-job activities and action learning

16. Difficulties Faced in Establishing an Entrepreneurial Culture include the followings except _________

17. Can anyone start a business?

18. The term Entrepreneur seems to have been introduced into Economics by ___

19. The application of new ideas and method to business is known as?

20. _____ defines globalization as the process of creating networks of connection among actors in year _______.

21.

22.

23. ____was the first to apply the concept entrepreneur to business in 1755

24. A Feasibility report is

25. Idea generation (ideation) is an emerging buzzword representing the creative process of generating, developing, and communicating new _________

26. Which of the following is not a function of the Feasibility Report?

27. COWAN mean ______

28. The value created by taking a resource or set of inputs, providing additional inputs or processes that increase the value of those inputs, and thereby generate a product or service that has greater market value at the next level of the value chain is referred to as _________

29. All of the following are part of culture except _________

30. Every enterprise is financed either through ____or____or____or both

31. ______ involves the process of creating and running one's business.

32. The concept _____ could be expressed as a venture, a business risk taking

33. 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

34. In the _______era,the major structure of economy was agriculture,fishing pastoral activities,crafts and hunting

35. ______ is one of the causes of business failure.

36. Entrepreneurship growth has gone through the phases below except ____

37. The concept entrepreneurship can be link with the French word “_________”

38. The rate of employment in Nigeria has rose from what percentage in 2010 to what percentage in 2011 ?

39. Small and Medium Scale Enterprise in Nigeria currently makes a contribution of about ____to the nations GDP

40. All of these are some of the major types of An Entrepreneur except ______

41. Any industry with a labour size of not more than 10 workers is termed ____

42. The mix of norms, values and beliefs that are shared by a particular community be it a business community, a cultural (or ethnic) community, a country, or a geographical region defined as _________

43. Marketing research is the set of process that links the Consumer, Customer and public to the marketer through information. True or false?

44. One of the major problems of SMEs in Nigeria are these,except one

45. Entrepreneurial skill development should follow what ratio ?

46. Major types of entrepreneurs include all except ____

47. Who is an Entrepreneur?

48. The concept  ‘entrepreneur’ was originally a French word that appeared for the first time in the “Dictionaire de la lanque franchise in year _____”

49. All of these are some of Traits of Entrepreneur except ______

50. SMEs are an enterprise that has asset base of between ____and _____

51. ______is a kind of training that equips the learner with the entrepreneurial skills required for success in business

52. One of the following is not a challenge in writing feasibility report?

53. Which of the following is considered as the major mistakes that must be avoided by young Entrepreneurs?

54. Market analysis section of the business plan covers the following except?

55. According to the National Bureau of statistics( 2013) about how many  new job seekers enter the market every year?

56. _____ was the first to apply the concept of Entrepreneur to business in year _____

57. The conceptual cornerstone in the theory of entrepreneurship lies on __________

58. All of these are Interpersonal skill for Entrepreneurs to succeed except ____

59. Entrepreneurial political administrative activities include the following except?

60. What is referred to as the “5th P” of product for attention and promotion side?

61. Branding is considered as one of the best tools for ___

62. An idea once illuminated in the mind of an individual still has little meaning until verified as realistic and _______

63. The resources of an organization include the following except?

64. Illumination occurs when the idea surfaces as a realistic ________

65. Entrepreneurs come up with great ideas that lead to creativity and ___________

66. __refers to the ratio of total trades in the economy.

67. A large scale industry is any firm ,industry or business with a total cost of ___

68.

69. Components of positioning products include all but one of the following

70. For most entrepreneurs, ideas begin with interest in a subject or curiosity about finding a solution to a particular _______

71. NLBD means ____

72. Below are characteristics of an Entrepreneur except ____

73. Feasibility is a study of technical documents. State true or false.