GST 203 CBT Practice Questions (New Questions Added)

1. Investments that can be undertaken simultaneously are described as _____.

2. Defense is on the

3. Start-up capital refers to money needed to _____ a business.

4. Planning involves setting objectives and fixing _____.

5. Controlling involves setting standards and taking _____ actions.

6. Laissez-faire leadership involves

7. Promotion involves informing and _____ customers.

8. Boundary condition refers to the minimum _____ a decision must serve.

9. Decision-making involves choosing the most cost-effective _____.

10. Effective decisions must eventually degenerate into _____.

11. Jean Bodin is credited with first using the term ________.

12. A command economy is one where

13. Pure science is primarily concerned with ________.

14. Scientific knowledge is best described as a ________.

15. Generality in science refers to the ability to ________.

16. Which is NOT a quality of good leadership?

17. The totality of political institutions and social organizations is known as the ________.

18. Government can best be described as

19. Financial resources refer to the _____ capital of an organization.

20. Nigeria practices

21. Jean Bodin’s approach to politics was largely influenced by his training as a ________.

22. Sole proprietorship is one form of _____ organization.

23. Austin Ranney viewed politics primarily as a process of ________.

24. Loans from cooperative societies are sources of _____ capital.

25. Effective decisions must eventually degenerate into _____.

26. Political power is difficult to measure because it is ________.

27. K. C. Wheare is associated with

28. Montesquieu categorized the functions of government into ________.

29. Autocracy is best described as

30. A feasibility plan helps in presenting business ideas to a _____.

31. Costs directly traceable to production are known as _____ costs.

32. Which of the following is NOT an autocratic system?

33. Investment process starts with a creative search for _____ alternatives.

34. Rule by a few people is known as

35. Ernest Barker defined politics as the process of ________.

36. Sole proprietorship is one form of _____ organization.

37. ECOWAS is an example of

38. A business idea explains the product or service a business intends to _____.

39. Final decision-making involves “casting the _____.”

40. Nigeria operates mainly a

41. Direct democracy involves

42. Loans from cooperative societies are sources of _____ capital.

43. The United Nations (UN) is an example of an:

44. Aristotle described man as a ________.

45. Project evaluation always begins with the _____ of a project.

46. Britain practices a

47. Sole proprietorship is one form of _____ organization.

48. The study of politics goes beyond government to include ________.

49. The two basic criteria used to judge feasibility are cost required and value _____.

50. One disadvantage of unitary government is

51. Servant leadership emphasizes

52. Data collection and classification form part of problem _____.

53. The word “politics” is derived from the Greek word ________.

54. The two basic forms of government are

55. Power is inherited in which form of government?

56. Verifiability requires that scientific statements be ________.

57. Motivating employees requires recognizing and rewarding exceptional _____.

58. Opportunity cost refers to the value of the _____ option forgone.

59. Citizens' demands influence

60. Knowledge is said to be systematic when it is ________.

61. A leader who inspires innovation practices

62. According to Harold Lasswell, politics is concerned with ________.

63. Nigeria uses which electoral system?

64. The military intervention in Nigeria between 1966 and 1999 was largely due to ________.

65. Business location decisions are influenced by access to raw materials and _____.

66. First-Past-the-Post means

67. Sociologists study societies mainly to

68. Decision-making for problem prevention is essentially _____

69. Financial planning focuses on growth and _____ analysis.

70. Lack of proper planning remains a major cause of business _____.

71. Which of the following is NOT an autocratic system?

72. Chieftaincy matters are on the

73. Income redistribution by government is meant to

74. Thinking through options helps narrow choices to the most _____.

75. Government, society and economy are related because

76. Controlling involves setting standards and taking _____ actions.

77. Authoritarian governments are characterized by

78. A unitary system concentrates power in

79. Democracy is best defined as

80. The four P’s of marketing include product, price, place and _____.