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GST 231 Pq&a Iii

The document contains a series of questions and answers related to business concepts like entrepreneurship, marketing, finance, and business organization. Some key topics covered include the different types of entrepreneurs, components of marketing mix and financial planning, advantages and disadvantages of different forms of business ownership, and tools/strategies used in promotion, market segmentation, and financial management.

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Muhammad Ibrahim Sugun
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© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
80 views

GST 231 Pq&a Iii

The document contains a series of questions and answers related to business concepts like entrepreneurship, marketing, finance, and business organization. Some key topics covered include the different types of entrepreneurs, components of marketing mix and financial planning, advantages and disadvantages of different forms of business ownership, and tools/strategies used in promotion, market segmentation, and financial management.

Uploaded by

Muhammad Ibrahim Sugun
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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instruction : null

question : all are rewards of entrepreneurship except


answer : income

question : the ownership public company ranges from


answer : 7 to infinity

question : ---------is not one of the marketing facilitators


answer : selling

question : a good leader must develop new insatiable --------- and break new grounds and develop
desire for knowledge
answer : ideas

question : in SWOT analysis, increases in product acceptance is an ---------in business


answer : opportunities

question : --------- is one of the components of financial planning


answer : financial forecast

question : --------- is the selling out of shares to the public in other to generate funds to finance the
business
answer : stocks

question : according to Kayode Fasua, there are --------- types of entrepreneurs


answer : 4

question : marketing mix include the following except


answer : production

question : one of the reasons for forming partnership is to pull financial resources together in order
to obtain enough ---------for the business
answer : capital

question : --------- is a group of people coming together to form an association with the aim of
promoting their interest
answer : cooperative

question : one of the merits of corporation is


answer : going concern

question : all are traits associated with entrepreneur except


answer : trade

question : --------- is one of the major tools for promotion


answer : public relation

question : --------- is part of management function which deals with the effective and efficient raising
and application of fund
answer : financial management

question : --------- exists in intermediate business environment


option : creditor
option : suppliers
option : debenture
answer : all

question : all are aid to trade credit except


answer : technical

question : --------- dwell in the external environment


answer : opportunity

question : develop new customer loyalties and goodwill is an advantage of


answer : new business

question : marketing mix include the following except


answer : packaging

question : a good feasibility study should comprise the following except


answer : equity

question : the private company limited, the membership ranges from


answer : 2 to 50

question : --------- is comparing expected sales with actual sales


answer : sale analysis

question : an entrepreneur is always playing strategic roles in the


answer : economy

question : opportunity dwell in --------- business environment


answer : external

question : --------- is dividing of market into smaller units


answer : niches

question : --------- is one of components of financial management


answer : budget

question : according to behavioral scientists, there are --------- types of entrepreneurs


answer : 6

question : the formal transfer of shares and titles is handled by


answer : stock brokers

question : all are rewards of entrepreneurship except


answer : income

question : a good feasibility report should comprise the following except --------- feasibility
answer : business

question : developing new customer loyalties and goodwill is an advantage of


answer : existing business
question : --------- is a backbone of every existing human organization
answer : finance

question : an entrepreneur is a prime mover of change and always play strategic role in the
answer : economy

question : one of the merits of corporation company is


answer : going concern

question : entrepreneurship is the willingness and ability of an individual to seek out ---------
opportunities
answer : investment

question : all are aids to trade except


answer : communication

question : --------- is one of the major tools for promotion


answer : public relation

question : another name for element of marketing is also known as


answer : marketing mix

question : developing good ideas that will sell must be developed in


answer : dreaming

question : the customer is the most valuable --------- of an organization and it must be cherished
answer : asset

question : of all forms of business organization--------- is the most complex both in its formation and
operation
answer : corporation company

question : the 3rd p of marketing is


answer : place

question : trade credit is --------- loan facilities


answer : short

question : encouraging economic growth and development is one of the ---------of an


entrepreneurship
answer : functions

question : --------- is a technique used in market segmentation


answer : demographic

question : all are components of financial planning except


answer : book keeping

question : project goes with conception of


answer : ideas

question : availability of knowledgeable and qualified financial manager leads to


answer : effective management
question : agriculture in Nigeria can be described as being mostly
answer : cyclical

question : reclining sales, production and profit are--------- of business failure


answer : signs

question : an entrepreneur must have the leadership ability to


answer : succeed

question : --------- is the person who lead out his financial resources to the business and is not
expecting any return or interest on it
answer : dormant

question : --------- is the largest single category of short term credit


answer : trade credit

question : --------- is the guide for proper financial records


answer : financial policy

question : developing a new customer loyalties and goodwill is an advantage of


answer : a new business

question : some business idea comes from careful analysis of market


answer : trends

question : there are numbers of activities and processes that --------- has to follow before starting a
new business
answer : an entrepreneur

question : --------- is the situation where you compare the company's sales with those of its
competitors
answer : market share analysis

question : a good feasibility report should comprise the following except


answer : illegal

question : --------- is the oldest form of business ownership and still the leading form of business
enterprise in Nigeria
answer : one man business

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