GST 106 Practice Questions and Answers

1) FLB means ______

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

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

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

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

6) General forms of business ownership include all except ____

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

8) NDE means _____

9) Symptoms of a business failure tells entrepreneurs that ?

10) COWAN mean ______

11) _______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

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

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

14) NLBD stands for _____

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

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

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

18) Skills can be acquired through _____

19) A Feasibility report is ____?

20) ______exists between family members and there business

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

22) SMEDAN means____

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

24) Business plan should always serve as __?

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

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

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

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

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

30) SMEs contributes to economic growth in terms of ?

31) Entrepreneurial skill development should follow what ratio ?

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

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

34) Every enterprise is financed either through ____or____or____or both

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

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

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

38) Major types of entrepreneurs include all except ____

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

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