GST 106 Possible Questions & Answer By Smilegist

20 Questions | By Olatunjiayodele3 | Updated: Mar 21, 2022 | Attempts: 32334

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GST 106 Possible Questions & Answer By Smilegist - Quiz

Check out our interesting quiz about GST. If you enjoy playing quizzes, then you must try this one too. We'll ask you a few multiple choices based questions based on enterprises and business rules. See how many correct answers you can give in this test. So, get ready to test your knowledge. Attempt all questions, make sure you pick the correct option for each question. We hope that you'll enjoy the quiz and score well. Do share the quiz with your friends and see which one of you scores the highest.

Questions and Answers

1.

NLBD means ____
- A.
  
  Nigerian Local Development Board
- B.
  
  National local developer board
- C.
  
  Nigeria Location of Development Board
- D.
  
  National Local and development Board
2.

All of these are some of Traits of Entrepreneur except ______
- A.
  
  Persistence Confidence
- B.
  
  Ability to set goals
- C.
  
  Ability to render loans
- D.
  
  Foresight, Perceptive
3.

All of these are concept enterprise except ___
- A.
  
  Venture
- B.
  
  Business risk taking
- C.
  
  Trading Establishment
- D.
  
  Loan taking
4.

All of these are some of the major types of An Entrepreneur except ______
- A.
  
  Soloist
- B.
  
  Loan manager
- C.
  
  Speculator
- D.
  
  Kept partner
5.

Below are characteristics of an Entrepreneur except ____
- A.
  
  Originality
- B.
  
  Risk taker
- C.
  
  Family orientation
- D.
  
  Self Oriented
6.

All of these are components of feasibility study except _____
- A.
  
  The project Scope
- B.
  
  Evaluation
- C.
  
  The Current Analysis
- D.
  
  Innovative
7.

Feasibility is a study of technical documents. State true or false.
- A.
  
  True
- B.
  
  False
8.

Which of the following is not a function of the Feasibility Report?
- A.
  
  It's an aid of promoting innovations.
- B.
  
  It's an aid in business planning.
- C.
  
  It gives an evaluation of new business venture for determining feasibility and profitability.
- D.
  
  It provides the basis for a banker, promoter, supplier of goods, the various government agencies.
9.

Marketing research is the set of process that links the Consumer, Customer and public to the marketer through information. True or false?
- A.
  
  True
- B.
  
  False
10.

______ is a new idea, device, or process.
- A.
  
  Globalisation
- B.
  
  Innovation
- C.
  
  Memorization
- D.
  
  Summarization
11.

Which of the following is considered as the major mistakes that must be avoided by young Entrepreneurs?
- A.
  
  Risk of Uncertainties
- B.
  
  Ability to source for Capital
- C.
  
  Ability to Loan others
- D.
  
  All of the above
12.

All of these are Interpersonal skill for Entrepreneurs to succeed except ____
- A.
  
  Must be a good listener
- B.
  
  They should give loan to help others.
- C.
  
  They should be able to lead and motivate others to follow them.
- D.
  
  Should have the right mindset with great integrity.
13.

Who is an Entrepreneur?
- A.
  
  An Individual that makes profit
- B.
  
  Someone who promote business
- C.
  
  A person who established business
- D.
  
  Any Individual having capability to initiate and successfully run an enterprise.
14.

______ involves the process of creating and running one's business.
- A.
  
  Partnership
- B.
  
  Entrepreneurship
- C.
  
  Globalization
- D.
  
  None of the above
15.

______ was the first to apply the concept of Entrepreneur to business in year _____
- A.
  
  Jean baptiste, 1877
- B.
  
  Owoeye, 1855
- C.
  
  Richard Cantillion, 1755
- D.
  
  Nwafor, 2014
16.

_____ defines globalization as the process of creating networks of connection among actors in year _______.
- A.
  
  Clark, 2000
- B.
  
  Richard, 1999
- C.
  
  Owoeye, 1984
- D.
  
  Nwafor, 2000
17.

______ is one of the causes of business failure.
- A.
  
  Rendering loan
- B.
  
  Declining profit
- C.
  
  Wise planing activities
- D.
  
  Poor feasibility study
18.

Can anyone start a business?
- A.
  
  Yes
- B.
  
  Maybe
- C.
  
  No
- D.
  
  All of the above
19.

The well-established habit of doing something expertly or the habit of doing something well is known as ______________.
- A.
  
  Skill
- B.
  
  Profession
- C.
  
  Learning
- D.
  
  Talent
20.

SMEs means___?
- A.
  
  Small - medium - enterprises
- B.
  
  Small - minimum - Entrepreneur
- C.
  
  Small to medium enterprise
- D.
  
  Small to minimum Entrepreneurs