GST 106 CBT PRACTICE TEST(New Questions Added)

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

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

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

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

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

6. SMEs means___?

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

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

9. NLBD means ____

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

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

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

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

14.

15. Every enterprise is financed either through ____or____or____or both

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

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

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

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

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

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

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

23. ______exists between family members and there business

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

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

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

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

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

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

30. 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 _________

31. Major types of entrepreneurs include all except ____

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

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

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

35. 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 _________

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

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

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

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

40. Can anyone start a business?

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

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

43. A Feasibility report is

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

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

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

47. Skills can be acquired through _____

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

49. COWAN mean ______

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

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

52. Entrepreneurial skill development should follow what ratio ?

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

54. All of these are concept enterprise except ___

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

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

57. Business plan should always serve as __?

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

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

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

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

62. 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

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

64. Below are characteristics of an Entrepreneur except ____

65. Who is an Entrepreneur?

66. Entrepreneurial political administrative activities include the following except?

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

68.

69.

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

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

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

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