GST 106 CBT PRACTICE TEST(New Questions Added)

1. Major types of entrepreneurs include all except ____

2. ______exists between family members and there business

3. Every enterprise is financed either through ____or____or____or both

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

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

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

7. All of these are concept enterprise except ___

8. Entrepreneurial skill development should follow what ratio ?

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

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

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

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

13. 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

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

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

16. Can anyone start a business?

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

18.

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

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

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

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

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

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

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

26. Who is an Entrepreneur?

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

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

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

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

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

32. Skills can be acquired through _____

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

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

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

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

37. 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 _________

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

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

40. NLBD means ____

41.

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

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

44. Entrepreneurial political administrative activities include the following except?

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

46. 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 _________

47. Below are characteristics of an Entrepreneur except ____

48.

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

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

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

52. A Feasibility report is

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

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

55. Business plan should always serve as __?

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

57. SMEs means___?

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

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

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

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

62. COWAN mean ______

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

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

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

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

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

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

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

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

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

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

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