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 environment in the borderline between internal and external environment is __________

A. Intermediate

B. General

C. Close

D. Remote

2 / 50

2. A plan must be ________

A. Accommodating

B. Durable

C. Explicit

D. Readable

3 / 50

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

4 / 50

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

A. Tax holidays

B. favourable government policies

C. Great market demand

D. a and b

5 / 50

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

A. ownership of all profits

B. unlimited liability

C. Privacy

D. Minimum legal restriction

6 / 50

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

7 / 50

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

A. Tax evasion

B. Financial incentive

C. Infrastructural development

D. Tax holiday

8 / 50

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

A. Technology

B. Demographic

C. Socio-cultural

D. Historical

9 / 50

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

10 / 50

10. One of the disadvantages of sole proprietorship _________

11 / 50

11. Cash Flow from financing activities includes _________ and buying back capital stock.

12 / 50

12. An __________ is simply a statement that two numbers are not equal.

13 / 50

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

14 / 50

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

15 / 50

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

16 / 50

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

17 / 50

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

18 / 50

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

19 / 50

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

20 / 50

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

21 / 50

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

22 / 50

22. An advantage of sole proprietorship is ___________

23 / 50

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

24 / 50

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

A. Increasing your labour force

B. Adding a new product or product line

C. Planning to launch a new business

D. Expanding your existing business

25 / 50

25. ________ 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

26 / 50

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

27 / 50

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

A. product or service

B. financial information

C. business objective

D. liquidation plan

28 / 50

28. Threats from external environmental factors can come from _______

29 / 50

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

A. EFCC

B. NAFDAC

C. SON

D. CAC

30 / 50

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

A. 5w

B. 5t

C. 5ps

D. 5s

31 / 50

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

A. Abuja the Federal Capital Territory

B. Lagos

C. All of the above

D. Port Harcourt

32 / 50

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

33 / 50

33.

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

34 / 50

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

35 / 50

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

36 / 50

36. All of the following are the disadvantages of sole proprietorship except ________

A. lack of continuity after the death of promoter

B. unlimited liability

C. Easy to raise capital

D. Limited growth

37 / 50

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

A. SON

B. EFCC

C. CAC

D. NAFDAC

38 / 50

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

39 / 50

39. Take away ________ and have organization anxiety

40 / 50

40. Entrepreneur can assess the external environment of the business by critically looking at the ___________

A. opportunities and strengths

B. Weaknesses and threats

C. opportunities and weaknesses

D. opportunities and threats

41 / 50

41. 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. Standards Organisation of Nigeria

D. National Agency for Food and Drug Administration Control

42 / 50

42. An entrepreneur must be open to criticism and be ready to __________

43 / 50

43. ___________ recommended "the Creation of a Fund.

44 / 50

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

A. Indirect competitors

B. Consumers

C. All of the above

D. Direct Completion

45 / 50

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

A. Threats and opportunities

B. strengths and weaknesses

C. strength and threats

D. opportunities

46 / 50

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

A. ICPC

B. EFCC

C. Standard Organisation of Nigeria

D. Corporate Affairs Commission

47 / 50

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

48 / 50

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

A. only strengths

B. strengths and weaknesses

C. opportunities and threats

D. weaknesses

49 / 50

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

50 / 50

50. ________ event is an event that will never happen

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