FUOYE GST 106 CBT Practice

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

2. Business plan should always serve as __?

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

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

5. Who is an Entrepreneur?

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

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

8. ______exists between family members and there business

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

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

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

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

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

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

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

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

17. Major types of entrepreneurs include all except ____

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

19. Entrepreneurial political administrative activities include the following except?

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

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

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

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

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

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

26. COWAN mean ______

27. Skills can be acquired through _____

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

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

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

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

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

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

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

35. All of these are concept enterprise except ___

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

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

38. SMEs means___?

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

40. Can anyone start a business?

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

42.

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

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

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

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

47. Entrepreneurial skill development should follow what ratio ?

48.

49. NLBD means ____

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

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

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

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

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

55. 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 _________

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

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

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

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

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

61. A Feasibility report is

62.

63. 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

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

65. 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 _________

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

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

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

69. Below are characteristics of an Entrepreneur except ____

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

71. Every enterprise is financed either through ____or____or____or both

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

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