GST 106 CBT PRACTICE TEST(New Questions Added)

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

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

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

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

5. COWAN mean ______

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

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

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

9. 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 _________

10. A Feasibility report is

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

12. Business plan should always serve as __?

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

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

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

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

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

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

21. Can anyone start a business?

22. All of these are concept enterprise except ___

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

24. Skills can be acquired through _____

25. Below are characteristics of an Entrepreneur except ____

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

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

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

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

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

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

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

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

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

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

37. 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 _________

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

39. 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

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

41. Who is an Entrepreneur?

42. ______exists between family members and there business

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

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

45. SMEs means___?

46. Entrepreneurial political administrative activities include the following except?

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

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

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

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

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

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

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

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

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

56. NLBD means ____

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

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

59. Major types of entrepreneurs include all except ____

60. Entrepreneurial skill development should follow what ratio ?

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

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

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

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

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

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

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

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

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

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

71. Every enterprise is financed either through ____or____or____or both

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

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