GST 105 CBT Practice Questions and Answers

1) The rate of employment in Nigeria has rose from what percentage in 2010 to what percentage in 2011 ?

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

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

4) The concept entrepreneurship can be link with the French word “_________”

5) The Entrepreneurial building or centre at FUOYE  is equipped to ___

6) FLB means ______

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

8) Components of positioning products include all but one of the following

9) NDE means _____

10) A Feasibility report is ____?

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

12) One of the major reasons for unemployment in Nigeria is that ?

13) In 2017, the estimated youth unemployment rate in Nigeria was _____

14) One of the major problems of SMEs in Nigeria are these,except one

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

16) __refers to the ratio of total trades in the economy.

17) Every enterprise is financed either through ____or____or____or both

18) Any industry with a labour size of not more than 10 workers is termed ____

19) NLBD stands for _____

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

21) COWAN mean ______

22) _______has to do with the willingness,urge,and ability of an individual to seek out investment opportunities in an environment and be able to establish and run an enterprise successful

23) Entrepreneurial skill development should follow what ratio ?

24) SMEs contributes to economic growth in terms of ?

25) Entrepreneurship growth has gone through the phases below except ____

26) Branding is considered as one of the best tools for ___

27) _____was the first to apply the concept entrepreneur to business in 1755

28) General forms of business ownership include all except ____

29) ______exists between family members and there business

30) A large scale industry is any firm or business with a labour size of __

31) Symptoms of a business failure tells entrepreneurs that ?

32) SMEDAN means____

33) The concept _____ could be expressed as a venture, a business risk taking

34) Business plan should always serve as __?

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

36) Skills can be acquired through _____

37) _____involves two or more business partners regardless of gender and marital status or the ownership and work arrangement among them.

38) Major types of entrepreneurs include all except ____

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

40) SMEs are an enterprise that has asset base of between ____and _____