GST 203 CBT Practice Questions (New Questions Added)

1. A unitary system concentrates power in

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

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

4. Sole proprietorship is one form of _____ organization.

5. The principle of separation of powers aims primarily at ensuring ________

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

7. Free and fair elections are a feature of

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

9. Servant leadership emphasizes

10. Which is NOT a quality of good leadership?

11. Controlling involves setting standards and taking _____ actions.

12. Nigeria operates mainly a

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

14. The scientific method begins with the ________.

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

16. A command economy is one where

17. Pure science is primarily concerned with ________.

18. Insurance provides protection against business _____.

19. Sole proprietorship is one form of _____ organization.

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

21. K. C. Wheare is associated with

22. Rule by a few people is known as

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

24. Chieftaincy matters are on the

25. The protection of citizens from external threats falls under

26. Government regulation of fiscal and monetary policies relates to

27. A leader who inspires innovation practices

28. Management is the process of planning, organizing, directing and _____.

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

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

31. Costing assists businesses in setting appropriate _____.

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

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

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

35. Autocracy is best described as

36. ECOWAS is an example of

37. Staffing decisions depend largely on the nature of the _____.

38. Early signs of problems are known as _____.

39. Verifiability requires that scientific statements be ________.

40. Federalism involves

41. Government, society and economy are related because

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

43. Power is inherited in which form of government?

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

45. Effective decisions must eventually degenerate into _____.

46. Education belongs to the

47. First-Past-the-Post means

48. An example of a professional society is

49. Defense is on the

50. Sole proprietorship is one form of _____ organization.

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

52. Which of the following is NOT a feature of society?

53. Fear of criticism is a major problem militating against project _____.

54. Financial planning focuses on growth and _____ analysis.

55. A confederal system has a

56. Laissez-faire leadership involves

57. Economic inequality often leads to

58. Inadequate working capital may result in operating _____.

59. Sociologists study societies mainly to

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

61. Planning involves setting objectives and fixing _____.

62. Britain practices a

63. Scientific knowledge is best described as a ________.

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

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

66. Organising involves bringing together resources to achieve business _____.

67. A society is made up of people who share

68. A democratic leader encourages

69. Aristotle described man as a ________.

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

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

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

73. Which of the following is NOT a function of government?

74. Which concept refers to the legal membership of a country?

75. Democracy is best defined as

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

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

78. Generating options follows proper problem _____.

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

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