GST 106 Practice Questions and Answers

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

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

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

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

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

6) COWAN mean ______

7) SMEDAN means____

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

9) _______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

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

11) NLBD stands for _____

12) FLB means ______

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

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

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

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

17) Every enterprise is financed either through ____or____or____or both

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

19) General forms of business ownership include all except ____

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

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

22) Business plan should always serve as __?

23) NDE means _____

24) SMEs contributes to economic growth in terms of ?

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

26) A Feasibility report is ____?

27) Skills can be acquired through _____

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

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

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

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

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

33) ______exists between family members and there business

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

35) Major types of entrepreneurs include all except ____

36) Symptoms of a business failure tells entrepreneurs that ?

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

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

40) Entrepreneurial skill development should follow what ratio ?