FUOYE GST 106 CBT Practice

1. Who is an Entrepreneur?

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

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

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

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

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

7. Entrepreneurial skill development should follow what ratio ?

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

9. Every enterprise is financed either through ____or____or____or both

10.

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

12. NLBD means ____

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

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

15.

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

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

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

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

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

21. Below are characteristics of an Entrepreneur except ____

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

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

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

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

26. 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 _________

27. Can anyone start a business?

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

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

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

31. Major types of entrepreneurs include all except ____

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

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

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

35. 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

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

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

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

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

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

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

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

43. Entrepreneurial political administrative activities include the following except?

44. SMEs means___?

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

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

47. All of these are concept enterprise except ___

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

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

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

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

52. Business plan should always serve as __?

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

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

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

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

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

58.

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

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

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

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

63. COWAN mean ______

64. Skills can be acquired through _____

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

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

67. ______exists between family members and there business

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

69. A Feasibility report is

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

71. 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 _________

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

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