GST 106 CBT PRACTICE TEST(New Questions Added)

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

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

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

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

5. 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

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

7. 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 _________

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

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

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

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

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

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

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

15. Can anyone start a business?

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

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

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

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

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

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

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

23. Entrepreneurial political administrative activities include the following except?

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

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

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

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

28. SMEs means___?

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

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

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

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

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

34. A Feasibility report is

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

36. COWAN mean ______

37. NLBD means ____

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

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

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

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

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

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

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

45. Every enterprise is financed either through ____or____or____or both

46.

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

48.

49. ______exists between family members and there business

50.

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

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

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

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

55. Who is an Entrepreneur?

56. Entrepreneurial skill development should follow what ratio ?

57. Business plan should always serve as __?

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

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

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

61. 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 _________

62. Skills can be acquired through _____

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

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

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

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

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

68. Major types of entrepreneurs include all except ____

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

70. Below are characteristics of an Entrepreneur except ____

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

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

73. All of these are concept enterprise except ___