GST 106 Possible Questions & Answer By Smilegist

20 Questions | Total Attempts: 14759

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GST 106 Possible Questions & Answer By Smilegist

​​​​​​SMILEGIST NG GST 106 POSSIBLE QUESTIONS & ANSWER BY SMILEGIST Good luck. Attempt all questions, make sure you go through necessary handouts, material for better explanation.


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 the 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. 
    Is [feasibility study a technical documents] true or false?
    • A. 

      True

    • B. 

      False

  • 8. 
    All of these but one is not function of 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. 
    One of these are the major mistakes to avoid 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 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 

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