GST 106 Practice Questions and Answers

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

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

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

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

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

6) Every enterprise is financed either through ____or____or____or both

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

8) SMEDAN means____

9) Business plan should always serve as __?

10) Entrepreneurial skill development should follow what ratio ?

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

12) ______exists between family members and there business

13) COWAN mean ______

14) General forms of business ownership include all except ____

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

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

17) SMEs contributes to economic growth in terms of ?

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

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

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

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

22) Skills can be acquired through _____

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

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

25) Symptoms of a business failure tells entrepreneurs that ?

26) NDE means _____

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

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

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

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

31) FLB means ______

32) A Feasibility report is ____?

33) Major types of entrepreneurs include all except ____

34) _______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

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

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

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

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

39) NLBD stands for _____

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