GST 106 CBT PRACTICE TEST

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

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

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

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

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

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

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

8. Skills can be acquired through _____

9. Who is an Entrepreneur?

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

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

12. Every enterprise is financed either through ____or____or____or both

13. All of these are concept enterprise except ___

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

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

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

17. SMEs means___?

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

19. Can anyone start a business?

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

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

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

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

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

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

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

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

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

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

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

31. COWAN mean ______

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

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

34. NLBD means ____

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

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

37. Business plan should always serve as __?

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

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

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

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

42. A Feasibility report is

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

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

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

46. Entrepreneurial skill development should follow what ratio ?

47. Major types of entrepreneurs include all except ____

48. Below are characteristics of an Entrepreneur except ____

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

50. ______exists between family members and there business