GST302

Category: GST302

ATTENTION:

Kindly note that you will be presented with 50 questions randomized from the NOUN question bank. Make sure to take the quiz multiple times so you can get familiar with the questions and answers, as new questions are randomized in each attempt.

Good luck!

GST302

1 / 50

1. The need for a business plan includes all except: _________

A. Adding a new product or product line

B. Increasing your labour force

C. Expanding your existing business

D. Planning to launch a new business

2 / 50

2. A written business plan should have all the following except _____________

A. liquidation plan

B. business objective

C. product or service

D. financial information

3 / 50

3. The entrepreneur can assess the internal environment of business by critically looking at the opportunities and ___________

4 / 50

4. Establishing and maintaining companies" registry and offices in all the states of the Federation is a function of __________

5 / 50

5. The promotional and supportive roles of Government is revenue __________

6 / 50

6. ________ is the fee charged for the privilege of borrowing money.

7 / 50

The concept environment literally means the surroundings, internal, intermediate and ________ influences or circumstances under which
someone or something exists

8 / 50

8. The headquarters of the Corporate Affairs Commission is based in _____

9 / 50

9. The …………………. Was established by the Companies and Allied Matters Act (CAMA) 1990 as a corporate body with perpetual succession and a common seal.

A. none of the above

B. Corporate Affairs Commission

C. National Agency for Food and Drug Administration Control

D. Standards Organisation of Nigeria

10 / 50

10. Threats from external environmental factors can come from _______

11 / 50

11. The essence of _______ the external environment of business is in order to identify opportunities and threats

12 / 50

12. Opportunities in the political/legal environment could be ___________

13 / 50

13. The essence of scanning the external environment of business is in order to identify ________

14 / 50

14. Partnership formation requires minimum and maximum number of partners respectively _________

15 / 50

15. Take away ________ and have organization anxiety

16 / 50

16. The entrepreneur can assess the internal environment of business by critically looking at the _________ and threats

17 / 50

17. The minimum number required to start a sole proprietorship ________

18 / 50

18. The three levels of Regulation in Nigeria are Federal, State and _________

19 / 50

19. One of the disadvantages of sole proprietorship _________

20 / 50

20. One of the following is not an advantage of sole proprietorship

A. ownership of all profits

B. Minimum legal restriction

C. unlimited liability

D. Privacy

21 / 50

21. The headquarters of the Corporate Affairs Commission is based in?

A. Abuja the Federal Capital Territory

B. All of the above

C. Lagos

D. Port Harcourt

22 / 50

22. An agency that is responsible for providing advice, educate to public on and against bribery and corruption is _________

A. ICPC

B. SON

C. CAC

D. EFCC

23 / 50

23. ___________ is the reason for the organization's existence, a clear description of the activities of the organization

24 / 50

24. An agency that is responsible for providing advice, educate to public on and against bribery and corruption is ________

25 / 50

25. The document that states all the terms of partnership is known as ________

26 / 50

26. ________ event is an event that will never happen

27 / 50

27. The environment in the borderline between internal and external environment is __________

A. Intermediate

B. Remote

C. Close

D. General

28 / 50

28. The entrepreneur can assess the internal environment of the business by critically looking at ________

A. 5ps

B. 5t

C. 5w

D. 5s

29 / 50

29. The sinking fund was first used in Great Britain in the _______ th century

30 / 50

30. Establishing and maintaining companies" registry and offices in all the states of the Federation is a function of __________

31 / 50

31. One of the following is not the promotional / supportive roles of Government?

A. Tax evasion

B. Financial incentive

C. Infrastructural development

D. Tax holiday

32 / 50

32. The organisation that is concerned with the registration of Business in Nigeria is ……………

A. ICPC

B. Corporate Affairs Commission

C. Standard Organisation of Nigeria

D. EFCC

33 / 50

33. Ensuring that the use of narcotic drugs and psychotropic substances are limited to medical and scientific purpose is a function of _______

34 / 50

34. Opportunities in the political/legal environment could be _________

A. favourable government policies

B. Great market demand

C. Tax holidays

D. a and b

35 / 50

35. Threats from external environmental factors can come from: _______

A. Consumers

B. Direct Completion

C. Indirect competitors

D. All of the above

36 / 50

36. One of the benefits of ________ is It justifies your plan and actions

37 / 50

37. The entrepreneur can assess the internal environment of the business by critically looking at ___________

38 / 50

38. An agency that is concerned with the investigation of all financial crimes is ___________

39 / 50

39. The rate of interest that a bond pays to the bondholder is called the ___________

40 / 50

40. The scanning of the ____________ so as to identify the favourable and unfavourable conditions therein is swot analysis

41 / 50

41. The environment that recognizes the customs, traditions and value of the community is known as ________

A. Technology

B. Socio-cultural

C. Demographic

D. Historical

42 / 50

42. ________ Is creative, looking to a future of greatness; it keeps the organization as well as individual motivated even if the founders are no longer in existence

43 / 50

43. ___________ recommended "the Creation of a Fund.

44 / 50

44. Feature of vision is ________

45 / 50

45. The __________ environment prescribes acceptable principles and guides in business relationship

46 / 50

46. The …………… environment prescribes acceptable principles and guides in business relationship.

A. judiciary/executive

B. Economic

C. regulatory/legal

D. political and judicial

47 / 50

47. The support systems that facilitate entrepreneurship process listed here are _________

A. Six

B. Four

C. Seven

D. Five

48 / 50

48. An agency that is concerned with the investigation of all financial crimes is …………………

A. EFCC

B. CAC

C. NAFDAC

D. SON

49 / 50

49. A plan must be ________

A. Explicit

B. Readable

C. Accommodating

D. Durable

50 / 50

50. The organisation that is concerned with the registration of Business in Nigeria is ___________

Rate this quiz