FUOYE GST 106 CBT Practice

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

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

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

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

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

6. 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 _________

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

8. Skills can be acquired through _____

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

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

11. Entrepreneurial political administrative activities include the following except?

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

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

14.

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

16.

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

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

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

20. Every enterprise is financed either through ____or____or____or both

21. NLBD means ____

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

23. SMEs means___?

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

25. 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 _________

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

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

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

29. All of these are concept enterprise except ___

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

31. Major types of entrepreneurs include all except ____

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

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

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

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

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

37. A Feasibility report is

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

39. ______exists between family members and there business

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

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

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

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

44. Can anyone start a business?

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

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

47.

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

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

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

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

52. Below are characteristics of an Entrepreneur except ____

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

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

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

56. Business plan should always serve as __?

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

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

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

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

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

62. Who is an Entrepreneur?

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

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

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

66. Entrepreneurial skill development should follow what ratio ?

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

68. 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

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

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

71. COWAN mean ______

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

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