GST 105 CBT Practice Questions and Answers

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GST 105 Practice Questions and Answers

GST 105 Practice Questions and Answers

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

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2) A Feasibility report is ____?

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

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4) ______exists between family members and there business

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5) SMEs contributes to economic growth in terms of ?

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6) COWAN mean ______

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

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8) General forms of business ownership include all except ____

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

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

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

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

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13) SMEDAN means____

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14) Entrepreneurial skill development should follow what ratio ?

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15) NDE means _____

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

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

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

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

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

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

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

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23) Business plan should always serve as __?

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24) FLB means ______

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25) _______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

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

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

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

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29) NLBD stands for _____

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

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31) Major types of entrepreneurs include all except ____

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

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

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34) Skills can be acquired through _____

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

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36) Symptoms of a business failure tells entrepreneurs that ?

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37) Every enterprise is financed either through ____or____or____or both

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

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

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

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