GST 106 CBT PRACTICE TEST(New Questions Added)

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

2. 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 _________

3. Below are characteristics of an Entrepreneur except ____

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

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

6. All of these are concept enterprise except ___

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

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

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

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

11. Every enterprise is financed either through ____or____or____or both

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

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

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

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

16. Entrepreneurial skill development should follow what ratio ?

17. 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

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

19. SMEs means___?

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

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

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

23. Skills can be acquired through _____

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

25.

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

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

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

29. ______exists between family members and there business

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

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

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

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

34. Who is an Entrepreneur?

35. NLBD means ____

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

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

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

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

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

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

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

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

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

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

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

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

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

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

50. Business plan should always serve as __?

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

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

53. 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 _________

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

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

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

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

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

59.

60. COWAN mean ______

61. Entrepreneurial political administrative activities include the following except?

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

63.

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

65. Can anyone start a business?

66. Major types of entrepreneurs include all except ____

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

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

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

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

71. A Feasibility report is

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

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