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    GST 231 Pq&a Iii

    Uploaded by

    Muhammad Ibrahim Sugun
    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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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    GST 231 Pq&a Iii

    Uploaded by

    Muhammad Ibrahim Sugun
    69 views4 pages
    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.

    Original Description:

    Gns

    Original Title

    GST 231 PQ&A III

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    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.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    69 views4 pages

    GST 231 Pq&a Iii

    Uploaded by

    Muhammad Ibrahim Sugun
    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.

    Copyright:

    © All Rights Reserved
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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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