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SIRLEKAS GST112 USE OF LIBRARY AND STUDY SKILLS Q&A Review Mode<\/p>\n \n \n \n \n \n

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<\/div>\n Email<\/label>Phone Number<\/label>\n

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1 \/ 70<\/p>\n
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1. The involvement of a firm in acquiring the services of an asset it did not previously owned is called \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Leverage leasing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Liquidity\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Lease back\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Direct lease\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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2 \/ 70<\/p>\n
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2. The two major source of fund for new ventures are \u2026\u2026\u2026 and \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Net fixed assets\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Equity financing and debt financing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Current assets\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Interest and selling expenses\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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3 \/ 70<\/p>\n
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3. Which of the following is not an element of innovation?<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Competition\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Culture.\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Challenge\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Customer focus\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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4 \/ 70<\/p>\n
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4. \u2026\u2026\u2026 factors are unwarranted conditions that force individuals to look for means of having access to the market<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Punch\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Pull\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Pull\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Push\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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5 \/ 70<\/p>\n
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5. \u2026\u2026\u2026 is a type of business organization<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Project Management\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Crop Production\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Manufacturing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Corporation\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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6 \/ 70<\/p>\n
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6. What do you understand by capital goods?<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Terminate goods that are consumed immediately\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Goods used in producing other goods and services\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. They are also called intangible goods.\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Goods that cannot be easily purchased with money\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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7 \/ 70<\/p>\n
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7. Which of the following is not a broad area of entrepreneurial behavior:<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Intrapreneurship\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Marketing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Entrepreneurship\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Entrepreneur organization\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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8 \/ 70<\/p>\n
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8. In financial forecasting, items on the profit and loss account and balance sheets can be related to total assets. This approach is termed as \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Divisibility\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Percentage to sale Approach\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Delivery and Account Receivables\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Systematic accounting Approach\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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9 \/ 70<\/p>\n
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9. \u2026\u2026\u2026 claimed that four primary factors are necessary for production: land, labour, capital and entrepreneur.<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Drucker (1964)\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Jean Baptiste Say\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Mill (1860)\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Marshall (1936)\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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10 \/ 70<\/p>\n
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10. Risk is not attached to business opportunities in Nigeria.<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Disagreed\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Strongly agreed\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Agreed\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Strongly disagreed\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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11 \/ 70<\/p>\n
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11. The most formidable issue in starting new business is<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Risk taking\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Risk bearing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. How to raise the money to get going\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Getting the employees\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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12 \/ 70<\/p>\n
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12. Major sources of finance for small business include the following except:<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. None of the above\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Personal sources\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Banks\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Friends and family\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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13 \/ 70<\/p>\n
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13. \u2026\u2026\u2026 has been broadly defined as “getting things done through other people”<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Accounting\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Management.\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Planning\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Administration\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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14 \/ 70<\/p>\n
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14. \u2026\u2026\u2026 is the one who assumes not only the risk of business venture but also the management of business venture.<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Entrepreneurship\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Schumpeter\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Economist\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Entrepreneur\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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15 \/ 70<\/p>\n
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15. \u2026\u2026\u2026 is the capacity to innovate or ability to organize and manage a business concern<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Entrepreneur\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Management\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Entrepreneurship\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Intrapreneur\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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16 \/ 70<\/p>\n
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16. \u2026\u2026\u2026 is a medium to long-term debt instrument used by large companies to borrow money at a fixed rate of interest<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Project finance\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Share\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Debenture\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Share capital\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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17 \/ 70<\/p>\n
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17. An entrepreneur must have business ideas that can lead to the formation of viable businesses. This idea comes from various source which includes:<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Initiative, work experience, modification\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Hard work, work experience, modification\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Invention work experience, copy existing ideas, modifications\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Drive, invention hard work, copying existing ideas\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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18 \/ 70<\/p>\n
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18. Some of these products are produced in beverages production via “fermentation” except one<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Whisky\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Winery\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Refining\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Distilleries\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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19 \/ 70<\/p>\n
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19. Durable goods that are used in the production of other goods and services are known as \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Total capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Working capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Financial capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Share capital\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
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20 \/ 70<\/p>\n
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20. \u2026\u2026\u2026 is money used by entrepreneurs and business to buy what they need to make their products or provide their services<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Financial capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Working capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Real capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Fixed capital\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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21 \/ 70<\/p>\n
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21. Business goals play the following roles in an economy except:<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Provision of technical innovation\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Employment generation\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Recommendations in markets\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Contribution to GDP\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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22 \/ 70<\/p>\n
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22. All the following are the functions of entrepreneur except:<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Evaluating economic opportunities concerning the growth of business ventures\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Innovating and managing the business\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Assembling for and discovering new information\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Bearing the risk for the business.\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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23 \/ 70<\/p>\n
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23. Incorporated companies include all the following except<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Company limited by shares\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Unlimited company\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Company limited by member\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Company limited by guarantee\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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24 \/ 70<\/p>\n
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24. Which of the following is not true of the term CAPITAL?<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Is synonymous to land\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Is an accumulated asset\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Is the amount of cash owned by a business\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Is a stock in the company\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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25 \/ 70<\/p>\n
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25. Idea coming from self-support or design that has not existed before is known as \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. Coping existing ideas\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Hobby\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Invention\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Modifications\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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26 \/ 70<\/p>\n
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26. Think big, start small is a slogan of whom?<\/p>\n\n <\/div>\n \n
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\n \n\n \n \n A. All of the above\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. A speculator\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. A gambler\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. A potential investor\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
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\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
27 \/ 70<\/p>\n
\n \n
\n
27. Capital market is the market where \u2026\u2026\u2026 are bought and sold.<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Debenture\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Long-term funds\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Medium-term funds\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Short-term funds\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
28 \/ 70<\/p>\n
\n \n
\n
28. \u2026\u2026\u2026 is a business idea in the mind of entrepreneur that it transformed into profitable activities that involve exchange of value for value.<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Venture\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Originality\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Innovation\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. work experience\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
29 \/ 70<\/p>\n
\n \n
\n
29. \u2026\u2026\u2026 marketing uses social networks<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Buzz marketing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Guerilla marketing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Proactive marketing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Viral marketing\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
30 \/ 70<\/p>\n
\n \n
\n
30. The agreement that guides the operation of partnership is refers to as \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Arbitration\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Deed\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Contracts\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Formation\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
31 \/ 70<\/p>\n
\n \n
\n
31. The amount of money a company has to carry on with its daily operations is known as<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Share capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Loan capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Working capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Fixed capital\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
32 \/ 70<\/p>\n
\n \n
\n
32. Service-producing industries includes the following except:<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Administrative and support\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Finance and Insurance\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Forestry and fishing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Volunteering\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
33 \/ 70<\/p>\n
\n \n
\n
33. What is budget?<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Dispositional analysis of income and expenses\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Quantitative analysis of income and expenditure of an organization usually for a period of one year\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Qualitative analysis of income and expenditure\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Quantitative survey of income, salary and wages of civil servants\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
34 \/ 70<\/p>\n
\n \n
\n
34. Finance for an entrepreneur can be sourced from the following except \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Third parties\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. None of the above\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Owners equity\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Financial institution\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
35 \/ 70<\/p>\n
\n \n
\n
35. Long term sources usually above 7 years is called \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Higher purchase\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Project finance\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Leasing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Bank overdraft\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
36 \/ 70<\/p>\n
\n \n
\n
36. \u2026\u2026\u2026\u2026\u2026\u2026\u2026 is \u2026\u2026\u2026\u2026.. If an entrepreneur<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Risk taker, individuality, optimism\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Self-confidence, risk taker, originality\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Foresight, versatile, creative\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Self-confidence, perseverance, originality\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
37 \/ 70<\/p>\n
\n \n
\n
37. A company can be described as an association of a number of persons united for \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Sharing of profit\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Economic purpose\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Providing employment\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Political activities\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
38 \/ 70<\/p>\n
\n \n
\n
38. The process of adding appropriate attributes to an existing idea or invention is called \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Artificiality\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Model\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Innovation\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
39 \/ 70<\/p>\n
\n \n
\n
39. The basic drive behind every business activity is \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Profit making\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Risk bearing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Producing exorbitant products\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Decision making\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
40 \/ 70<\/p>\n
\n \n
\n
40. \u2026\u2026\u2026 is the relationship that exist between persons carrying out a business with a view of profit<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Partnership\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Proprietor\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Merger\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Conglomerate\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
41 \/ 70<\/p>\n
\n \n
\n
41. \u2026\u2026\u2026 are voluntary association of free and independent persons for the betterment of their economic conditions.<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Manufacturing association\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Trade union\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Bank\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Cooperative society\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
42 \/ 70<\/p>\n
\n \n
\n
42. \u2026\u2026\u2026 is the amount charged for insurance coverage<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Charges\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Premium\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Commission\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Discount\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
43 \/ 70<\/p>\n
\n \n
\n
43. \u2026\u2026\u2026 is the amount of share capital, which is actually issued for subscription to member of the public.<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Capital owned\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Called up capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Capital employed\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Paid-up capital\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
44 \/ 70<\/p>\n
\n \n
\n
44. The middleman that buys goods in bulk from the producer and resells in quantity to the retailer is \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Entrepreneur.\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Wholesaler\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Retailer\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Agent\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
45 \/ 70<\/p>\n
\n \n
\n
45. Ability to understand customers and compete favorably with competitors is known as \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Business Finance\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Business Ethics\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Business Environment\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Business Knowledge\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
46 \/ 70<\/p>\n
\n \n
\n
46. The main objective of feasibility studies is \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. To support the process of decision making.\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. To analyze a project successfully\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. To determine an idea\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. To uncover the strengths and weakness of an existing business or proposed venture\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
47 \/ 70<\/p>\n
\n \n
\n
47. Cantillon describes an entrepreneur as someone who exercises judgment in the face of \u2026\u2026\u2026.<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Discontinuity\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Controlling.\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Certainty\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Uncertainty\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
48 \/ 70<\/p>\n
\n \n
\n
48. According to Robertson (1967) the following are the three types of innovation except:<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Dynamic Innovation\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Continuous Innovation\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Dynamically continuous Innovation\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Discontinuous Innovation\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
49 \/ 70<\/p>\n
\n \n
\n
49. All the following are long term source of capital except<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Debenture\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Mortgage loan\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Share capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Leasing.\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
50 \/ 70<\/p>\n
\n \n
\n
50. A quantitative analysis of income and expenditure of an organization usually for a period of one year or more is known as \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. budget planning\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Budget\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Planning\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
51 \/ 70<\/p>\n
\n \n
\n
51. Sources of finance for entrepreneur can be the following except<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Medium-term\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Long-term\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Average-term\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Short-term\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
52 \/ 70<\/p>\n
\n \n
\n
52. The old method of exchanging goods for goods and service for service is known as \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Primitive exchange\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Trade by barter\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Trade by exchange\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Medium of exchange\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
53 \/ 70<\/p>\n
\n \n
\n
53. The debt instrument commonly used by companies to raise funds on long-term basis is called<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Bonds\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Debenture\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Euro bonds\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Collateral Trust Bonds\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
54 \/ 70<\/p>\n
\n \n
\n
54. \u2026\u2026\u2026 Techniques allow small companies or individuals to act like a big companies<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Entrepreneurial Behavior\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Marketing guerrilla\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Buzz marketing\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Guerrilla marketing\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
55 \/ 70<\/p>\n
\n \n
\n
55. An investigation into the potential outcome of a proposed business opportunity is known as<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Feasibility study\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Business strategy.\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Budget\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Equity financing\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
56 \/ 70<\/p>\n
\n \n
\n
56. The commonest type of business organization among young or first-time entrepreneur is: \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Sole Proprietorship\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Partnership\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Liability\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Corporation\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
57 \/ 70<\/p>\n
\n \n
\n
57. \u2026\u2026\u2026 in entrepreneurship can be view as the uncertainty in what might be the outcome of the business embarked on by an entrepreneur.<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Parasitic\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Autonomy\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Risk\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Constant\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
58 \/ 70<\/p>\n
\n \n
\n
58. A credit term that attaches discount to a specific quantity of goods bought is<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Credit discount\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Quantity discount\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Cash discount\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Trade discount\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
59 \/ 70<\/p>\n
\n \n
\n
59. What is your conclusion on the relevance of entrepreneurship?<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Key element for gaining competitive advantage which guarantees higher financial returns from business undertakings\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Key elements which improves financial returns in the future\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Key element in maintain entrepreneurial advantage among its employees\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Key elements which guarantees lower financial returns from business undertakings\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
60 \/ 70<\/p>\n
\n \n
\n
60. Starting a business involves how many steps as highlighted by Allan 1987?<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. 3\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. 6\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. 4\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. 5\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
61 \/ 70<\/p>\n
\n \n
\n
61. \u2026\u2026\u2026 is a person within a large organization who takes direct responsibility for turning an idea into profitable finished product through assertive risk taking and innovation<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Entrepreneur\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Goal-getter\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Corporation\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Intrapreneur\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
62 \/ 70<\/p>\n
\n \n
\n
62. The focus of business that the owner faces unlimited liabilities is \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Business venture\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Sole proprietorship\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Corporation\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Limited liability company.\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
63 \/ 70<\/p>\n
\n \n
\n
63. The person who assumes the risk of business and also manages the business venture is known as \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Principal\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Manager\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Risk bearer\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Entrepreneur\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
64 \/ 70<\/p>\n
\n \n
\n
64. One of the following is not a step in starting a new business<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Choose a business location\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Launching a business products.\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Develop a business plan\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Deciding on business structure\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
65 \/ 70<\/p>\n
\n \n
\n
65. The profit-making aim of every business can only be achieved by \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Selling goods in large quantities\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Satisfying customers wants\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Satisfying the management well-being\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. selling at low prices\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
66 \/ 70<\/p>\n
\n \n
\n
66. SWOT in business means \u2026\u2026\u2026<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Swirl, Ways, opportunities and time\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Strength, weakness, opportunities and threats\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Strength, weakness, opportunity and threat\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Solid, ways, obstacles and time\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
67 \/ 70<\/p>\n
\n \n
\n
67. Modifications means improving on time by coming out with modified and more improved ideas of doing the existing business<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Both\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. None\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Agreed\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Disagreed\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
68 \/ 70<\/p>\n
\n \n
\n
68. \u2026\u2026\u2026 is an idea gotten through consultancy<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Invention\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Modification\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Hobby\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Professional advice\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
69 \/ 70<\/p>\n
\n \n
\n
69. \u2026\u2026\u2026 is the money used to purchase asset that will remain permanently in the business<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Loan\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Fixed capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Borrowed capital\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. Owned capital\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/i>\n \n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n \n \n
70 \/ 70<\/p>\n
\n \n
\n
70. Budgetary control is important because<\/p>\n\n <\/div>\n \n
\n
\n \n\n \n \n A. Only board of Directors of an organization are involved\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n B. Only government does the control\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n C. Provides normal basis for monitoring the progress of the organization as its component parts\n <\/label>\n <\/label>\n\n \n <\/div>\n
\n \n\n \n \n D. It does not involve spending of money\n <\/label>\n <\/label>\n\n \n <\/div><\/div>\n \n \n
\n \n <\/i>\n \n <\/i>\n <\/div>\n \n
\n \n <\/div>\n
\n \n <\/div>\n
\n \n <\/div>\n \n <\/div>\n <\/div>
\n
\n
<\/div>
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