GST 203 CBT Practice Questions and Answers

1) ________is the act of engaging oneself in the production of goods and services to generate profit. It bridge between idea and a business plan.

2) Elements of feasibility study includes all except ____

3) Reason for small businesses failure includes all except _____

4) Importance of cash flow includes all except _____

5) All are advantages of feasibility study except _____

6) young fish are called _____

7) All includes the usefulness of fish except _____

8) ______are the group of individuals that operates at the higher levels of an organization saddled with the day-to-day responsibility, managing other individuals and maintaining responsibility for key business functions

9) The most desirable soil for snail is _____with Low Water Holding Capacity

10) The three types of snail are all except _____

11) ______is the study of specific market for which a company currently sells its product or plan to enter in the nearest future.

12) _____belongs to the class of Molluscan, Gastropod.

13) ATU means _____

14) The snail house is called ______

15) In the olden days, bees lives in all except ____

16) ______ is a document which contains a proper and thorough outline of the merits and drawbacks of a particular product up for review.

17) _____ artificial shelter for the bees.

18) Economic importance of locust beans includes all except ____

19) S.W.O.T means ____

20) _____ is self-funding. It is when an entrepreneur invests his own personal money into his business.

21) _____is the anticipation of cash as it flows into and out of the company.

22) Uses of honey includes all except _____

23) _____is an occupation of keeping and managing bees thereby harvesting the products, (honey, bee wax propolis) etc for processing into various form for different uses, locally and for export.

24) ______examines the market demand in relation to prices and product offerings, using consumer demographics and buying habits to identify trends

25) All of the following are factors to consider when setting up a snail farm in a small scale business except _____

26) ______ is a document which shows the research analysis, survey about a particular business idea.

27) All are ingredients used in soap making except _____

28) ____is the most desirable snail for farmers because It grows so big to become the biggest snail species in the world and has High yield capacity.

29) The singular factor for any investment decision is the ability to_____

30) The characteristics of honey bees include the followings except _____

31) The role of the _____ is to bring Nectars and Pollen-Grains

32) It takes _____ for a worker to grow from egg into adult.

33) The cash flow statement is divided into segments in order to outline a cash flow. Therefore, the three (3) major activities of a company are all except ____

34) Type of business includes all except ____

35) All are source of raising start up capital except _____

36) Reasons for migration of bees includes all except ______

37) All of the potassium hydroxide that is eliminated during the soap making process through a reaction is called ____

38) Processing of locust beans includes all except ____

39) Characteristics of entrepreneurship are all except ____

40) The male bees which develop for unfertilized eggs is called _____