FUOYE GST 106 CBT Practice

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

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

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

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

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

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

7. SMEs means___?

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

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

10. 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 _________

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

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

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

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

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

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

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

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

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

20. Entrepreneurial skill development should follow what ratio ?

21. Below are characteristics of an Entrepreneur except ____

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

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

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

25. Entrepreneurial political administrative activities include the following except?

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

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

28. All of these are concept enterprise except ___

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

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

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

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

34. 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

35. ______exists between family members and there business

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

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

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

39. NLBD means ____

40. 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 _________

41. Can anyone start a business?

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

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

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

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

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

47. COWAN mean ______

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

49. Major types of entrepreneurs include all except ____

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

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

52. Every enterprise is financed either through ____or____or____or both

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

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

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

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

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

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

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

60. A Feasibility report is

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

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

63. Business plan should always serve as __?

66. Skills can be acquired through _____

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

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

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

70. Who is an Entrepreneur?

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

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

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