09098956445

CMSCHALLENGE

Uni
ver
sit
yofMai
dugur
i

(
Div
isi
onofGener
alSt
udi
es)

GST231:
Int
roduct
iont
oEnt
repr
eneur
ial
Ski
l
ls(
2Uni
ts)

SECTI
ONA:
Fil
li
ntheBl
ankSpaceswi
tht
heCor
rectWor
d

1.Thecust
omeri
sthemostt
reasur
edassetofanor
gani
zat
ionandmustbecher
ished.

2.Thecust
omeri
sthemostv
aluabl
eassetoft
heor
gani
zat
ionandi
tmustbecher
ished.

3.Bel
i
ef,
nor
ms,
val
uesandcust
omsshapest
he(
soci
o-cul
tur
al)
Busi
nessEnv
ironment
.

4.Nor
ms(
Bel
i
ef,
val
ues)i
sanel
ementofsoci
alenv
ironment

5.Nat
ural
env
ironmentdeal
swi
thgi
ftofnat
ureornat
ural
resour
cesofacount
ry

6.Wat
erv
ent
urei
sagoodexampl
eofSol
epr
opr
iet
orshi
pbusi
ness.

7.Oppor
tuni
tydwel
li
neconomi
cbusi
nessenv
ironment

8.I
nef
fect
ivecont
rol
measur
eisanexampl
eofCauseofbusi
nessf
ail
ure.

9.Pr
emat
ureexpansi
oni
sanexampl
eofCauseofbusi
nessf
ail
ure.

10.Decl
i
nei
npr
oduct
ioni
sanexampl
eofSy
mpt
omsofbusi
nessf
ail
ure.

11.Feasi
bil
i
tyst
udydet
ermi
nest
hepr
ofi
tabi
l
ity(
li
abi
l
ity
,wor
kabi
l
ity
)ofani
ntended
busi
ness.

12.Equi
tyf
inancei
spr
oducedbyt
heent
repr
eneur
.

13.I
dent
if
ythr
eet
ypesofent
repr
eneur
s:(
i)
Fabi
an,
(ii
)Dr
one,
(ii
i
)Innov
ati
ve(
Imi
tat
ive)

14.Moneyusebyanent
repr
eneurt
opur
chasemachi
nes,
tool
sandequi
pmenti
scal
l
ed
capi
tal
.

15.Anentr
epreneurwhoi
ntr
oducenewpr
oductt
hathasnev
erbeenknowni
ntot
hemar
ket
i
scall
edinnovator
.

16.Educat
ionandEmployment(
appr
ent
ishi
p)ar
eexpect
edt
obef
ulf
il
lbef
orean
entr
epr
eneurst
artavent
ure.

17.I
ntheFr
enchconceptent
repr
eneurmeansent
repr
ende“
tounder
take”
.

18.Ent
repr
eneur
sar
eindi
vi
dual
swhocar
ryoutent
repr
eneur
shi
pact
ivi
ti
est
obui
l
dbusi
ness

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eful
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hthequest
ions
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09098956445

empi
res.

19.Int
rapr
eneurshi
pist
hepr
ocessandact
ivi
ti
esbywhi
chcor
por
ateor
gani
zat
ionbehav
e
entr
epreneur
ial
l
y

20.The2ndPsofmar
ket
ingi
scal
l
edPr
ice.

21.Gi
vethemeani
ngofthef
oll
owing:
MANManuf
act
uri
ngAssoci
ati
onofNi
ger
iaNDE
Nat
ional
Dir
ect
orat
eofEmploy
ment .

22.Gi
vet
heful
lmeani
ngofSMEDANSmal
landMedi
um Ent
erpr
iseDev
elopmentAgencyof
Ni
ger
ia

23.Gi
vetheful
lmeaningofC.
P.C.Cor
rupt
ionPr
act
iceCommi
ssi
onandC.
A.C.Cooper
ate
Af
fai
rsCommission.

24.Ent
repr
eneur
shi
pisi
mpor
tantbecausei
tcr
eat
esut
il
it
yandpr
omot
eseconomi
cgr
owt
h
anddevel
opment
.

25.Anent
repr
eneurusesthet
echni
queofSWOTanal
ysi
stoev
aluat
eSt
rengt
hWeakness
Oppor
tuni
tyThr
eats.

26.I
nSWOTanal
ysi
s,OandTst
andf
orOppor
tuni
tyandThr
eat
s.

27.Forbusi
nessorganizat
iont
obecomeal
egal
ent
it
yithast
ober
egi
ster
edwi
thCooper
ate
Aff
air
sCommi ssion.

28.Leasi
ngi
sconsi
der
edasshor
tter
m/medi
um sour
ceofbusi
nessf
inance.

29.Ofal
lfor
msofbusi
nessesCooper
ati
onCompani
esi
sthemostcompl
exi
nfor
mat
ion
andoper
ati
on.

30.…………………………….or
gani
zat
iongi
vel
oant
othei
rmember
sonnoni
nter
estbases.

31.Di
ver
sif
icat
ioni
sinv
est
mentent
ir
elyi
ndi
ff
erentl
i
neofbusi
ness

32.……………………….
.isacapi
tal
mar
keti
nst
rument

33.Theownerofacooper
ati
vecompanyi
ssubj
ect
edt
odoubl
etaxat
ion

34.Wr
ongchoi
ceofbusi
nessl
i
nei
sanexampl
eofCauseofbusi
nessf
ail
ure.

35.Thepr
ocessofdi
vi
dingat
otal
mar
keti
ntosmal
l
eruni
tsi
scal
l
edsegment
ati
on.

36.Adver
ti
sing agenci
es (
Transpor
tat
ion ser
vices;Mar
ketResear
ch f
ir
m;War
ehousi
ng;
Communi cat
ion)i
samar ket
ingf
aci
lit
ator

37.Pr
ocessi
sthe6thPofmar
ket
ingmi
x

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ions
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38.Marketcondi
ti
on(Demographicf
actors,
behav
ior
alpat
ter
n,phy
sical
char
act
eri
sti
cs)i
sa
t
echniqueusedinmarketsegmentat
ion.

39.Pr
oducti
nsur
ancecov
erst
hedamageoccur
redt
othepr
oduct
sonl
y.

40.Li
mit
edpar
tneri
sli
mit
edonl
ytohi
s/herl
evel
ofi
nvest
menti
nthebusi
ness.

41.Pol
i
tical
/Legal
busi
nessenv
ironmentoper
atesont
hepr
inci
plesofdemocr
ati
ccont
rol
.

42.Oneofthef
eatur
esofSolepr
opr
iet
orshi
pist
hatt
hel
i
abi
l
iti
esoft
heamountt
hey
i
nvest
edinthebusi
ness.

43.Anent
repr
eneurwhoadopt
schangesonl
ywheni
tissuccessf
uli
not
heror
gani
zat
ionsi
s
cal
l
edFabi
an.

44.Lackofcapi
tal
andPr
obl
em ofsuccessi
onar
epr
obl
emsf
aci
ngNi
ger
ianent
repr
eneur
s

45.Li
st4Psofmar
ket
ing(
1)Pr
oduct(
2)Pr
ice(
3)Pl
ace(
4)Pr
omot
ion

46.CompanyLi
mit
edbyShar
esandCompanyLi
mit
edbyGuar
ant
eear
etwot
ypesof
compani
es

47.CompanyLimit
edbyGuar
ant
eear
efor
medusual
l
yforchar
it
abl
e,educat
ional
and
rel
i
giouspur
pose.

48.Publ
i
ccompany(
plc)
,it
sowner
shi
prangesf
rom sev
en(
7)andi
nfi
nit
y.

49.Publ
i
ccompanyt
heowner
shi
prangesf
rom sev
ent
oinf
ini
ty.

50.Pr
ivat
eandPubl
i
car
etwot
ypesofcompani
esl
i
mit
edbyshar
es.

51.Par
tnershi
pisaf or
m ofbusi
nessor
gani
zedandownedbyt
woormor
eper
sonsby
vol
untaryar
rangement

52.I
npar
tner
shi
p,t
her
elat
ionshi
pisgui
dedbypar
tner
shi
pDEEDS.

53.Pr
ivat
eli
mit
ed,
itsar
ti
cleofassoci
ati
onr
est
ri
ctt
her
ightt
otr
ansf
eri
tsshar
es.

54.Part
nershi
pof
fer
s……………………………fori
ndi
vi
dualt
ocombinethei
rpr
ofessi
onal
knowhowandmanager
ial
ski
l
lsf
oracommonprofi
tpur
pose.

55.The…………………….
.ist
hef
ocusofal
lmar
ketact
ivi
ti
es.

56.Fi
nanci
alanal
ysi
shel
psi
ntest
ingt
hef
undandot
herf
inanci
albenef
it
soft
hebusi
ness.

57.Accor
dingt
oKay
odeO.Fasuwat
her
ear
efourt
ypesofent
repr
eneur
s.

58.El
ementofmar
ket
ingi
sal
soknownasMar
ket
ingmi
x.

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59.TheDemographi
cenvi
ronmentst
udyt
hest
ati
sti
csofpeopl
eli
vi
ngi
napar
ti
cul
ar
geogr
aphi
calset
ti
ng.

60.TheDemographi
cenvi
ronmentst
udyst
ati
sti
csofpeopl
eli
vi
ngi
napar
ti
cul
ar
geogr
aphi
calset
ti
ng.

61.Natur
albusi
nessenvi
ronmenti
sonei
nwhi
chanent
repr
eneurassessesav
ail
abi
l
ityand
costofr
awmat er
ial
s.

62.Therewar
danentrepr
eneurget
sforbear
ingr
iski
nvol
vedi
ntheent
erpr
isei
spr
ofi
twhi
ch
i
shighl
yuncer
tai
n.

63.Therewar
danentrepr
eneurget
sforbear
ingr
iski
nvol
vedi
ntheent
erpr
isei
spr
ofi
twhi
ch
i
shighl
yuncer
tai
n.

64.Managementdeci
sionensur
espr
udentspendi
ng.

65.Ent
repr
eneurdi
rect
shumanandmat
eri
alr
esour
cest
oachi
evehi
sbusi
nessobj
ect
ives.

66.Busi
nessi
sanyact
ivi
tyorsetofact
ivi
ti
est
hati
sgear
edt
owar
dsapr
ofi
tabl
egoal

67.Car
sandJewel
ri
esar
etheexampl
esofspeci
alt
ygoods.

68.Marketst
udyisthemanagementt
hatconcer
nspl
anni
ngandcont
rol
l
ingt
hecompany
f
inanci
alr
esources.

69.Promoti
oni
samar
ket
ingcommuni
cat
ionputi
npl
acet
omaket
hecust
omer
sawar
eof
thepr
oduct
s.

70.Themanagershoul
dbet
oler
antofl
ear
ninger
ror
s.

71.……………………….
.ist
heaut
horwhoi
ntr
oducedt
hef
if
thel
ementofmar
ket
ing.

72.…………………………………occurwhenpr
epar
ati
onandoppor
tuni
tymeet
.

73.Cor
por
ati
oncompanyi
sal
soknownasr
egi
ster
edcompany
.

74.Thesharesar
eof
tenboughtandsol
dati
nthecapi
tal
mar
ket(
orst
ockmar
ketoropen
market
)

75.Bondi
sacert
ifi
catei
ssuedbyacompanypr
omi
singt
opaybackbor
rowedmoneyata
fi
xedr
ateofi
nter
estonaspeci
fi
eddat
e?

76.Stocki
sthesel
l
ingoutofshar
estot
hepubl
i
corcompani
esi
nor
dert
ogener
atef
unds
tofi
nancet
hecurr
entbusi
ness.

77.Fi
nanci
alst
udyandMarketstudy(envir
onment
alst
udy
,soci
o-economicstudy;
techni
cal
st
udy;l
egalst
udy
;gener
aldescri
ption)aret
het
wocomponentsoffeasibi
l
ityst
udy.

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78.For
mal
transf
ersofshar
ecer
ti
fi
cat
es,
tit
lesi
snor
mal
l
yhandl
edbyshar
ehol
der
s.

79.Pr
ivat
eLi
mit
edLi
abi
l
ityCompanyl
i
mit
smember
shi
pbet
weent
wot
ofi
ft
y.

80.AnEnt
repr
eneurmusthav
eleader
shi
pabi
l
ityt
osucceed.

81.Listt
wodemer
itassociat
edwi t
hpar t
ner
shi
p(a)Deci
sionmaki
ngsomet
imest
akesa
veryl
ongt
ime(b)Int
erpersonalsquabbl
esamongthepart
ner
s

82.Sol
epropr
iet
orent
repr
eneuressent
ial
l
ywor
kal
oneandi
fneededatal
l
,empl
oysaf
ew
employ
ees.

83.………………………….
.par
tnerdoesnotcont
ri
but
eany
thi
ngexceptt
orepaybey
ondhi
s/her
i
nvest
ment
.

84.Cooper
ati
oncompanyi
sabodyaut
horizedbylawt
oactasaprivat
epersonandl
egal
l
y
endowedwit
hvar
iousr
ight
sanddut
ies,incl
udi
ngt
heri
ghtofsuccessi
on.

85.……………………….and……………………….ar
ethesecondandt
hir
dst
agesi
nthepr
oductl
i
fe
cy
cle.

86.………………………….
.st
rat
egyconsi
sti
ngoft
hepr
oductwi
thhi
ghpr
iceandl
owpr
omot
ion.

87.Menti
ononlytwobasi
cfunct
ionsofmar
ket
ing(
i)Packagi
ngofpr
oduct
sand(
ii
)
Di
str
ibut
ionofgoodsandser
v i
ces

88.Thef
inancef
orf
ixedassetbybi
gcompani
esar
erai
sedt
hrough……………………….and
…………………

89.………………………i
sanat
temptt
orecogni
zedi
sti
nctst
agesi
nthesal
esofapr
oduct
.

90.…………………………i st
heproducti
onandmarket
ingofagr
oupofpr
oduct
swi
thsome
si
mil
arphy
sical
charact
eri
sti
csanduses.

91.……………………………….I
sthepr
oduct
ionandmar
ket
ingofj
ustonepr
oductorabr
and.

92.………………….
.and………………….ar
ethef
eat
uresi
nthei
ntr
oduct
ionst
agesofpr
oductl
i
fe
cy
cle.

93.Lackofenoughf
undst
ounder
takepr
omot
ioni
soneoft
he……………………….ofany
busi
ness.

SECTI
ON:
Cycl
ethel
ett
ert
othecor
rectanswer

1.Leasi
ngisconsi
der
edas………………………sour
ceofbusi
ness(
a)shor
t(b)medi
um (
c)l
ong
(d)i
nfi
nit
y

2.Anamountofmoneypai
dbyanent
repr
eneurt
oinsur
ancecompanyi
scal
l
ed(
a)

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pr
emi
um (
b)l
egal
tender(
c)pr
omi
ssor
y(d)equi
ty

3.Natur
alenvir
onmentdeal
swi
th……………(
a)f
orestr
esour
ces(
b)agr
icr
esour
ces(
c)
miner
alresources(
d)al
l

4.……………………existi
nint
ermedi
atebusi
nessenv
ironment(
a)cr
edi
tor
s(b)suppl
i
ers(
c)
debent
ures(
d)al
l

5.Aprocessofdi
v i
dingatot
almarketi
ntosmall
erunit
siscal
l
ed………….(
a)segment
ati
on
(
b)sedimentat
ion(c)Homogeneous(d)psy
chographic

6.Accountr
ecei
vabl
eisanexampl
eof………………….t
erml
oan(
a)shor
t(b)medi
um (
c)l
ong
(d)t
ime

7.Oneofthemerit
sofcor
por
ati
oni
s……………….
.(a)pr
ofi
t(b)compet
ency(
c)gr
owi
ng
concer
n(d)change

8.Posi
ti
vedr
eamingandv i
sioni
ngareessenti
alpr
opert
iesforal
lsour
cesofbusi
ness
…………….(a)i
deas(b)success(c)oppor
tuni
ti
es(d)opti
malit
y

9.…………………isamongthetypesofent
repreneur
sdev
elopedbybehav
iour
alsci
ent
ist
s(a)
dr
one(b)i
nnov
ator(
c)Fabian(
d)inv
entor

10.Allar
ebusi
nesscredi
tthatit
smat
uri
tyt
akesmor
ethanoney
earexcept
:(a)t
rade(
b)
tr
easurybi
l
l(c)bond(
d)f und

11.Increasei
nproductaccept
anceis……………………….i
nthebusi
ness(
a)weakness(
b)
strength(
c)prof
it(
d)opportuni
ty

12.Feasi
bil
it
yrepor
tcompr
iset
hef
oll
owi
ngexcept
,(a)f
inanci
al(
b)t
echni
cal
(c)equi
ty(
d)
market
ing

13.Entr
epreneurssett
heirowngoal
srathert
hanhavingt
hem setbyt
hei
r………………(
a)
subordi
nates(b)Di
rector
s(c)Managers(
d)Bosses

14.Machi
nesandtool
sar
eexampl
esof…………….(
a)f
ixedasset(
b)cur
rentasset(
c)l
i
abi
l
ity
(
d)debent
ure

15.Allar
etrai
tsassoci
atedwi
thent
repr
eneur
sexcept(
a)cr
eat
ive(
b)r
esour
cef
ul(
c)t
rade
(d)br
ainst
orming

16.Allar
erewar
dsofentrepr
eneurshi
pexcept(
a)dev
elopmentofi
ndust
ri
es(
b)i
ncome(
c)
economicgr
owth(d)sati
sfact
ion

17.Theowner
shi
ppubl
i
ccompanyr
angesf
rom (
a)7t
oinf
ini
ty(
b)7t
o100(
c)7t
o50(
d)
many

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18.Devel
opmentofnewcust
omerloyalti
esi
sanadv
ant
ageof(
a)newbusi
ness(
b)
i
nheri
tedbusi
ness(
c)exi
sti
ngbusiness(
d)al
l

19.………………………i
snotoneoft
hemar
ket
ingf
aci
l
itat
ors(
a)war
ehouse(
b)adv
ert
isi
ng(
c)
sel
l
ing(
d)mar
ket

20.Agoodleadermustdevelopnewinsat
iabl
e……………………andbreaknewgroundsand
dev
elopdesir
eforknowledge(a)i
deas(b)ski
l
ls(
c)met
hods(
d)str
ategi
es

21.I
nSWOTanal ysi
s,i
ncreasesinproductaccept
ancei
san……………………….
.(a)st
rengt
h(b)
pr
ofi
t(c)opport
uni
ti
es(d)breakeven

22.…………………..usest
hetechni
quesofSWOTanal
ysi
stot
esthi
sbusi
nessi
deas(
a)
Market
ers(
b)entr
epr
eneur(c)i
nvent
or(
d)mov
tor

23.……………………. .i
soneofthecomponent
soffi
nanci
alplanning(
a)bookkeepi
ng(
b)
fi
nanci
alf
orecast
ing(
c)fi
nanci
alr
eport(
d)i
nter
nalcontrol

24.………………….I
st hesel
li
ngoutofsharestothepubl
i
ci nordertogener
atef
undst
ofi
nance
t
hebusi
ness(a)bonds(b)t
radecredi
t(c)st
ocks(d)stacks

25.Accor
dingt
oKay
odeFasua,
ther
ear
e………t
ypesofent
repr
eneur
s(a)7(
b)5(
c)6(
d)4

26.Thest
ageofrapi
dmar
ketacceptanceandsubst
anti
alprof
iti
mprovementinthepr
oduct
l
if
ecycl
eis………………….
.(a)decl
inestage(
b)growth(c)matur
it
y(d)int
roduct
ion

27.Cooper
ati
vesoci
eti
eswasf
ir
stest
abl
i
shi
nthey
ear(
a)1944(
b)1804(
c)1844(
d)1864

28.Shor
tter
mloant
ool
incl
ude(
a)t
radecr
edi
t(b)secur
edl
oan(
c)pr
omi
ssor
ynot
es(
d)al
l

29.Theimport
anceoffi
nanci
alpl
anni
ngis(a)Tot
akei
mpr
operdeci
sion(
b)mi
nimi
zepr
ofi
t
(c)maxi
mizeprof
it(
d)savi
ngdeci
sion

30.Avai
l
abi
l
ityofknowledgeabl
eandquali
fi
edfinanci
almanagerl
eadto…………….( a)Good
pr
ofi
tmaximizat
ion(b)maxi
mizecost(c)ef
fecti
vemanagement(d)squander
ing

31.Mention2t y
pesofcapi
talr
equir
edf
orsett
ingupabusiness(a)Fi
xedandworki
ng
capi
tal(b)Fi
xedanddebentur
ecapi
tal
(c)Fixedandequi
tycapi
tal
(d)i
nvest
ment&
worki
ngcapi t
al

32.………………isthepartnert
hatisnoti
nvol
vedi
nthedai
l
yrunni
ngofbusi
ness(
a)Nomi
nal
(b)Dor
mant(c)Li
mited(d)Act
ive

33.…………………. .arechar
acteri
zedbyrefusalt
oadoptopport
uni
ti
estomakechangesi
n
producti
onevenatthecostofreducedretur
ns(a)dr
oneent
repr
eneur(
b)Fabi
an
entrepr
eneur(
c)Imitat
iveent
repr
eneur(d)chal
l
engers

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eful
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hthequest
ions
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34.Agoodfeasibi
li
tyrepor
tmustcompri
set
hef
oll
owi
ngexcept……….
.(a)Mar
ket
ing(
b)
Fi
nanci
al(c)Equit
y(d)Technol
ogi
cal

35.Agoodfeasibil
it
yreportmustcompriset
hef
oll
owi
ngexcept…………….
.(a)mar
ket
ing(
b)
t
echni
cal(c)resources(d)f
inanci
al

36.Pr
ojectgoeswi
thconcept
ionof………….
.(a)i
nfor
mat
ion(
b)v
iew(
c)f
orecast
ing(
d)i
deas

37.Businessfai
l
ureisasituat
ionwher
et hebusi
nesscannotmeetit……………….
.(a)f
inanci
al
obl
igations(
b)peak(c)maximum profi
t(d)managementdeci
sion

38.Equi
tyf
inancei
spr
ovi
dedbyt
he(
a)bank(
b)f
ri
ends(
c)f
ami
l
y(d)ent
repr
eneur

39.Bel
owarethecausesofbusi
nessfai
lureinNi
ger
iaexcept…………………….
.(a)wr
ong
l
ocati
on(
b)smallcapi
tal(
c)nat
uraldisast
er(
d)wronglocat
ion

40.……………….sour
cesaret
hecorpor
atefi
nanci
alinsti
tut
ions,
suchascapi
tal
mar
ketand
Ni
geri
anI
ndustr
ial
bank(a)ex
ter
nal(
b)inst
it
utional(
c)inf
ormal(
d)pri
vat
e

41.Encour
agingeconomicgrowthanddevelopmentisoneofanent
repr
eneur
shi
p……………
(a)r
ewards(b)char
acter
ist
ics(
c)cont
ributi
on(d)funct
ions

42.Aninsurancecont
ractmustmeetsomecondi
ti
onswhi
chi
ncl
udes(
a)of
fer(
b)capaci
ty
(c)accept
ance(d)al
l

43.Oneoft
heseisnotacomponentoffinanci
almanagement(
a)f
inanci
alr
epor
t(b)bank
r
econci
l
iat
ion(c)t
axat
ion(
d)i
nternetcontr
ol

44.Thefol
lowingar
efuncti
onsofmarket
ingexcept(
a)pr
oductdev
elopment(
b)di
str
ibut
ion
(c)managementser
vices(
d)Promoti
onofgoodsandservi
ces

45.Inpar
tner
ship,
the…………………. .i
sgui
dedbyapar
tner
shi
pdeed.(
a)busi
ness(
b)
condi
ti
ons(c)rel
ati
onshi
p(d)bonds

46.I
nsour
cingfundsforbusiness,
………………isthatofi
ndiv
idualat
tempttogetfundoutsi
de
t
hegovernmentsponsoredinst
it
uti
ons(
a)ext
ernal
(b)inf
ormal(c)f
ormal(d)st
ate

47.Insour
cingf
undsf orbusiness,
……………….sourcemaybebey ondthescopeofi
ndi
vi
dual
arr
angement(a)i
nternal
(b)formal
(c)non-
inst
it
uti
onal
(d)ext
ernal

48.Inv
estmentdecisionisconcer
nedwithwhereandhow t osourcef or……………….and
admini
str
ati
ons.(a)est
imates(
b)f
ixedasset
s(c)appr
oval
s(d)cur
rentasset
s

49.Theownersofacorpor
ationcompanyar
esubj
ect
edt
o……………….
.(a)doubl
eincome(
b)
proj
ect(
c)doubl
etaxat
ion(d)i
nvest
ment

50.I
nfeasi
bil
i
tyst
udy
,thet
echni
queofSWOTanal
ysi
sar
eusedt
otest………………….
.(a)t
he

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eful
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ions
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f
inanci
alpl
anni
ng(
b)busi
nessi
deas(
c)t
heoppor
tuni
ti
es(
d)t
hest
rengt
h

51.…………………isaseedt
hatal
way
sfi
ndsaf
ert
il
esoi
l
.(a)Humi
l
ity(
b)pr
aise(
c)gr
eet
ing(
d)
respect

52.………………….Isabusinesscr
editt
hatit
smat ur
it
ylastf
ormor
ethanoney
ear
.(a)Bonds(
b)
owner
’sequi
ty(
c)termloss(d)t
radecredi
t

53.Businessfai
lur
eiscausedbyoneofthef
oll
owi
ng(
a)Pol
i
ticalst
abi
l
ity(
b)l
azi
ness(
c)
prudentspendi
ng(d)noneoft
heabov
e

54.Al
laresymptomsofBusi
nessfai
lur
eexcept(
a)Decl
i
ningwor
kingcapi
tal(
b)r
educei
n
pr
ofi
t(c)l
oosi
ngofkeyst
aff(
d)decl
ini
ngdemand

55.Plant
s and machi ner
ies,buil
dings,v ehi
cles arethe major……………… needed for
successful
operat
ionofbusiness(a)techni
calinput(
b)f
inanci
alf
easi
bil
i
ty(
c)market
ing
feasi
bil
it
y(d)t
echnicalout
put

56.Theentr
epr
eneurshoul
dalsoknowt heneedsoft
hestaff,
thei
rhopesandaspi
rat
ionsi
n
thel
evel
satthe(
a)organi
zat
ion(b)company(c)wor
kplace(d)marketpl
ace

57.InTaiwan,theyempl
oymor et han………………..ofj
obsinproduct
ionacti
vi
ti
esandthey
accountfor…………………..ofexport(
a)70%and60%(b)70%and75%( c)50%and70%(d)
40%and70%

58.………………………..i
stheper
iodthatt
heproducthasachievedaccept
ancebymostoft
he
pot
ent
ial
buyer
s(a)mat
uri
ty(
b)decli
ne(
c)inst
ruct
ions(d)gr
owth

59.…………………… areproduct
sthatconsumersneedbutnotwi ll
i
ngtospendmucht i
me
shoppi
ng f
or(a)shopping goods (
b)speci
alt
y goods (
c)conv
eni
ence goods (
d)
consumer
sgoods

60.Many business havefai

led i
nr ecentt i
mes notbecause oflack offi
nance or
managementbutl ackof(
a)accountabi
l
ity(b)l
eader
shi
pstyl
e(c)poorf
easi
bil
i
tystudy
(
d)administr
ati
on

61.I
nf i
nanci
alr
ev i
ew,fi
nancialpl
anmustbe……………….t oaccommodat
echangesi
nthe
busi
nessenv
ironment(a)adequat
e(b)cl
assi
c(c)i
nel
asti
c(d)r
evi
ew

62.………………… istheheartbeatofbusi
nessanditisasust ai
ningf
act
ori
nvent
ures(
a)
busi
nessi
deas(b)ef
fect
iveness(
c)f
inance(
d)f
orecast
ing

63.………………….Directhumanandmat eri
alresour
cesinothertoachi
evetheirbusi
ness
obj
ect
ives(
a)entr
epreneur
s(b)i
nnovator
s(c)sol
eoper
ators(
d)act
ivepar
tner
s

64.……………………….Isanyt
hingthatcanbeofferedtomarketf
orattent
ion,
acqui
sit
ion,
useor
consumpt
ion(
a)conv
eniencegoods(b)product(
c)goods(d)servi
ce

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eful
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hthequest
ions
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65.Theconcepti
onofideasistransl
atedi
nto………………….(
a)pr
oject(
b)pr
e-f
easi
bil
i
ty(
c)
feasi
bil
i
tyr
eport(
d)vent
ures

66.Somebusinessi
deacomesfrom car
efulanal
ysesofmar
ket………………….(
a)pl
ace(
b)
env
ironment(
c)t
rends(
d)i
deas

67.…………………t apsandmopupt heabundanthumancapi

tal
sinthelabourmar
ket(
a)small
and medium entrepr
eneur (
b) entrepr
eneur
shi
p (c) co-oper
ati
on company (
d)
ent
repr
eneur

68.……………………… is a prime move of change (a) mar

ket
er (
b) ent
repr
eneur (
c)
ent
repr
eneur
shi
p(d)small
andmedi
um ent
erpri
se

69.I
n uni
ted st
atethere ar
e about…………….………….SMEs empl
oyi
ng mor
ethan than
……………….ofpr i
vat
ewor kforce(
a)2.
1mill
i
onand50% (
b)23mil
li
onand30% (
c)23
mil
l
ionand50%(d)15mi l
li
onand50%

70.Inef
fi
ciency,
inef
fecti
venessandorgani
zati
onal
confl
ict
sar
eof
tenblamedon…………………..
communi cat
ion(a)infor
malandf ormalcommunicati
on(
b)v
ert
icalandhori
zont
al(
c)
communi cat
ionbreakdown(d)poorperf
ormancel
ev el

71.Theaim ofavent
ureistocreate……………..and…………………( a)pr
ofi
tandgoodwi
l
l(b)
weal
thandper
sonali
ty(
c)wealt
handprof
it(d)pr
ofi
tandl
oss

SECTI
ONC:
STATETRUEORFALSEAGAI
NSTEACHOFTHEFOLLOWI
NG

1.Ri
ski
sunder
takenbyent
repr
eneurconsci
ousl
yorunconsci
ousl
y(T)

2.Av
ail
abi
l
ityofqual
i
fiedf
inanci
almanagerl
eadst
ofi
nancecont
rol
andspendt
hri
ft(
T)

3.Power
ful
ideai
sthebackboneofev
erysur
viv
inghumanor
gani
zat
ion(
F)

4.I
nnov
ati
oni
sconsi
der
edt
obet
hest
rat
egi
ctool
ofbusi
ness(
T)

5.Feasi
bil
i
tyst
udi
esar
enoti
mpor
tantwhenest
abl
i
shi
ngsol
epr
opr
iet
orshi
pbusi
ness(
F)

6.St
rengt
hsandweaknessesr
esi
dei
next
ernal
busi
nessenv
ironment
()

7.Mar
ket
ingi
sthesameasbuy
ingandsel
l
ingofgoodsandser
vices(
F)

8.War
ehousi
ngi
sthedev
elopmentofway
sort
echni
quesofmaki
ngordoi
ngt
hings(
F)

9.Bannedont
heuseofmot
orcy
clesi
nMai
dugur
ihasnoef
fectonot
herbusi
nesses(
F)

10.I
nsur
ancei
sthenon-
tr
ansf
erofr
isksf
rom oneent
it
ytoanot
her(
F)

11.Theentrepr
eneurbr
ingsaboutsear
chesf
orchange,r
espondt
oitandexpl
oiti
tasan
oppor
tunit
y(T)

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eful
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ions
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12.Thesuccessorfai
l
ureofonemanbusi
nessdependsont
heowner
’si
nabi
l
ityt
omanage
thebusi
nessef
fect
ivel
y(T)

13.I
nbusi
nesscont
ext“
ent
erpr
ende”meanst
ounder
take(
T)

14.Theent
repr
eneuri
ssomeonewhoper
cei
vedoppor
tuni
ti
eswer
eot
her
ssucceeds(
F)

15.Busi
nessi
sanyunder
taki
ngcr
eat
edf
ort
hepur
poseofcr
eat
ingawar
eness(
F)

16.Acompanycani
ncor
por
atebyshar
es,
rul
esandbyguar
ant
ee(
T)

17.Shi
ft
ingcust
omer
sdemandi
soneoft
heweaknessesi
nthebusi
ness()

18.Thebel
i
ef,
nor
msandv
aluesshapest
heNat
ural
env
ironmentoft
hebusi
ness(
F)

19.Gener
all
i
abi
l
ityi
nsur
ancecov
ersonl
ywor
ker
smedi
cal
rei
mbur
sement()

20.I
nnov
ati
oni
sthesameasel
evat
ion()

21.Lackoff
undt
ounder
takepr
omot
ioni
soneoft
het
hreat
sinbusi
ness(
T)

22.Mut
abi
l
ityi
saf
eat
ureoft
hebusi
nessenv
ironment(
T)

23.I
npar
tner
shi
pbusi
ness,
mobi
l
izat
ionofcapi
tal
isoneoft
headv
ant
ages(
T)

24.Ther
eisnodi
ff
erencebet
weent
angi
bleandnon-
phy
sical
product(
F)

25.Busi
nessf
ail
urei
sasi
tuat
ionwher
ethebusi
nesscannotmeeti
tsmaxi
mum pr
ofi
t(F)

26.Et
hicshasnoi
mpl
i
cat
ionont
hebusi
nessenv
ironment()

27.Oneoft
hechar
act
eri
sti
cofanent
repr
eneuri
sthedesi
ref
ordependence(
F)

28.Oneoft
hepr
obl
emsofNi
ger
ianent
repr
eneur
sisi
ncomegener
ati
on(
F)

29.For
mal
transf
erofshar
escer
ti
fi
cat
eandt
it
lesi
snor
mal
l
yhandl
edbyf
iduci
aryagent()

30.Car
tel
int
erestgr
oupcoul
dimpedeorenhancet
hebusi
nessenv
ironment()

31.Ent
repr
eneur
shi
pisar
eal
i
ty,
conceptt
opi
candt
heor
y(T)

32.Pr
oducti
sthesameasser
vice()

33.Dr
oneent
repr
eneuri
sinnov
ati
ve,
creat
iveandi
nit
iat
ive(
F)

34.Techni
calst
udyhel
psentrepr
eneur
stosour
cequal
i
fiedst
aff
,showmet
hodoft
rai
ning
anddevel
opmentofst
aff()

35.Bondsandst
ockar
eexampl
eofl
ongt
erm sour
ceoff
inance()

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eful
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hthequest
ions
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36.I
ndet
erminingthef
inanci
alobject
ivesofabusi
ness,i
trequi
rest
oknow t
heshor
tand
l
ongt
erm needsoft
hef i
rm ()

37.Nati
onali
nvestmentpr omotioncommi ssi
oni
sinchargeofr
egi
str
ati
onofbusi
ness
names,ar
ti
clesofassociat
ionandlegal
document
s(T)

38.I
ncompany ,t
hel
i
abi
l
iti
esofmember
sar
eli
mit
edt
otheamountt
heyputi
ntot
he
busi
ness(
*)

39.Seminar
sorgani
zedbygover
nmentagenci
es,uni
versi
tiesorev
enpr
ivat
econsul
tant
s
areexampl
eoffor
malsear
chfori
nvest
mentoppor
tunit
ies(T)

40.Themostent
erpr
isi
ngent
repr
eneur
swhocannotsecur
epat
ronagef
orgoodwi
l
lnotl
ast
l
ong()

41.Atpr
e-feasi
bil
i
ty,
sur
veyi
smadet
ogat
hert
hef
inali
nfor
mat
ionaboutt
hegener
atedi
dea
orpr
oject(T)

42.I
nmarketf
easi
bil
i
ty,
whent
hemar
keti
snotadequat
e,i
nvest
menti
nthebusi
nesswoul
d
bewor
thwhi
le(
F)

43.Therewar
danentrepreneurget
sforbear
ingr
isksi
nvol
vedi
ntheent
erpr
isei
spr
ofi
t
whi
chishi
ghl
yuncert
ain(T)

44.Fi
nanci
alpol
i
cyi
sagui
def
orpr
operf
inanci
alr
ecor
ds()

45.Theownerofacor
por
ati
oni
ssubj
ect
edt
odoubl
etaxat
ion(
T)

46.Theent
repr
eneursi
mpl
yexecut
est
hepl
anspr
epar
edbyt
hemanager()

47.Amanagerneedst
opossessdi
sti
nctqual
i
ficat
ioni
nter
msofr
iskbear
ingabi
l
ity(
T)

48.Pr
aisei
saseedt
hatal
way
sfi
ndaf
ert
il
esoi
l()

49.Wor
kingcapi
tal
ist
hehear
tofbusi
nessandi
tisasust
aini
ngf
act
ori
nvent
ures(
T)

50.Freedom toselectpr
oduct
,ser
vice,l
ocat
ionandmar
keti
sadv
ant
agesofbuy
ingan
exist
ingbusi
ness(T)

51.I
nadequat
ecapi
tal
andi
ncompet
entmanagementar
ecausesofbusi
nessf
ail
ure(
T)

52.Ni
ger
ianpopul
ati
oni
sskewedt
owar
dsmat
uri
tyandsat
urat
ion(
T)

53.Co-operat
ivecompany
,theowner
shi
pinv
est
menti
str
ansf
erabl
efr
om onei
ndi
vi
dualt
o
theother(T)

54.Theent
repr
eneuri
sthef
ocusofal
lmar
ket
ingact
ivi
ti
es()

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eful
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ions
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55.Mar
ket
ingi
sthesoci
alsci
encet
hatseekst
oexpl
aincust
omer
’sr
elat
ionshi
p()

56.Conveni
encegoodsar
epr
oduct
sthatcust
omer
sneedbutwi
l
li
ngt
ospendmucht
ime
shoppi
ngfor(
F)

57.Speci
alt
ygoodsar
ethegoodst
hecust
omer
sreal
l
ywant
sandwi
l
lmakeaspeci
alef
for
t
tobuy(T)

58.Growth st
age i
n pr
oductl
if
e cy cl
e,isthe per
iod t
hatt
he pr
oducthas achi
eved
accept
ancebymostoft
hepotent
ialbuy
ers(F)

59.Pr
iceisanequi l
i
brat
ingf
act
ori
nthemar
ketpl
ace,har
moni
zi
ngt
hedemandi
nthe
marketwi
thsuppl
y(T)

60.Eff
ici
encyi
safor
m ofeconomysi
ncei
tsessencei
stheconser
vat
ionofener
gy,t
ime
andspace(
T)

61.Aninnov
ati
ngent r
epreneuri
st heonewhoint
roducesnew goods,i
naugur
atesnew
met
hodsofproducti
onanddiscover
snewmar
ket(T)

62.Thechal
l
engesent
repr
eneur
stakei
sani
ntegr
alpar
toft
hei
rli
fe()

63.Pr
ivat
ecompanyandpar
tner
shi
par
etwot
ypesofcompani
esl
i
mit
edbyshar
es(
F)

64.Li
mited par
tneri
snotal
l
owed t
otakepar
tint
hemanagementoft
hepar
tner
shi
p
busi
ness(T)

65.Thewr
it
tenagr
eementi
spar
ti
cul
arl
ymor
eundesi
rabl
einf
utur
eev
ent(
F)

66.Fi
nanci
alpl
anni
ngenabl
est
heent
repr
eneurt
osour
cef
undsatmaxi
mum cost(
F)

67.Tr
anspor
tat
ionser
vicei
samar
ket
ingf
aci
l
itat
or(
T)

68.Pl
anni
ng,
organi
zi
ng,
dir
ect
ingandcont
rol
l
ingar
enotel
ementofmanagement(
F)

69.Thedeat
hofasol
epr
opr
iet
orof
tenmeanst
heendoft
heent
erpr
ise(
T)

70.Deter
mi nat
ionofdesi
redqual
i
tyanddeci
sionneededbyt
heuseri
soneoft
hebasi
c
funct
ionsofmarket
ing()

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nggoods,thecustomersusual
l
yhav
ebr
andpr
efer
enceandt
heymakea
speci
alef
for
ttol
ocat
etheplace.

Becar
eful
wit
hthequest
ions
13