GST 106 CBT PRACTICE TEST

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

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

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

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

5. Skills can be acquired through _____

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

7. Who is an Entrepreneur?

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

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

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

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

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

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

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

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

16. NLBD means ____

17. Entrepreneurial skill development should follow what ratio ?

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

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

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

21. Can anyone start a business?

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

23. Every enterprise is financed either through ____or____or____or both

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

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

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

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

28. Below are characteristics of an Entrepreneur except ____

29. COWAN mean ______

30. Major types of entrepreneurs include all except ____

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

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

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

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

35. A Feasibility report is

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

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

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

39. All of these are concept enterprise except ___

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

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

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

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

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

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

46. SMEs means___?

47. Business plan should always serve as __?

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

49. ______exists between family members and there business

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