GST 203 PDF

GST 203 CBT Practice Questions (New Questions Added)

📘GST 203 PRACTICE TEST – IMPORTANT INSTRUCTIONS

Take your time to read the instructions carefully before starting this test.

📝 Test Details

Total Questions: 80

Time Allowed: 20 minutes

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GST 203

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

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2. Defense is on the

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

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4. Planning involves setting objectives and fixing _____.

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5. Controlling involves setting standards and taking _____ actions.

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6. Laissez-faire leadership involves

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7. Promotion involves informing and _____ customers.

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

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

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10. Effective decisions must eventually degenerate into _____.

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

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12. A command economy is one where

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13. Pure science is primarily concerned with ________.

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14. Scientific knowledge is best described as a ________.

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

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16. Which is NOT a quality of good leadership?

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

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18. Government can best be described as

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

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20. Nigeria practices

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

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22. Sole proprietorship is one form of _____ organization.

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

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

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25. Effective decisions must eventually degenerate into _____.

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

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27. K. C. Wheare is associated with

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28. Montesquieu categorized the functions of government into ________.

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29. Autocracy is best described as

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

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

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

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

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34. Rule by a few people is known as

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

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36. Sole proprietorship is one form of _____ organization.

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37. ECOWAS is an example of

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

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

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40. Nigeria operates mainly a

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41. Direct democracy involves

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

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

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44. Aristotle described man as a ________.

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

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46. Britain practices a

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47. Sole proprietorship is one form of _____ organization.

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

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

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50. One disadvantage of unitary government is

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51. Servant leadership emphasizes

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

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

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54. The two basic forms of government are

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55. Power is inherited in which form of government?

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56. Verifiability requires that scientific statements be ________.

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57. Motivating employees requires recognizing and rewarding exceptional _____.

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

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59. Citizens' demands influence

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

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61. A leader who inspires innovation practices

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

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63. Nigeria uses which electoral system?

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

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

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66. First-Past-the-Post means

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67. Sociologists study societies mainly to

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68. Decision-making for problem prevention is essentially _____

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69. Financial planning focuses on growth and _____ analysis.

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

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

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72. Chieftaincy matters are on the

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73. Income redistribution by government is meant to

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

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75. Government, society and economy are related because

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76. Controlling involves setting standards and taking _____ actions.

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77. Authoritarian governments are characterized by

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78. A unitary system concentrates power in

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79. Democracy is best defined as

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

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David
David
1 year ago

There are some typographical errors in about two questions or so, because it resulted in the picking of a wrong answer

Alice
Alice
1 year ago

GREAT WORK BIG BOSS

Chioma Goodness Ekpo
Chioma Goodness Ekpo
1 year ago

Thanks, it’s really helpful

Dickson ifeoluwa enoch
Dickson ifeoluwa enoch
14 days ago

Good 😊

Faith
Faith
14 days ago

The link is blank

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