ENT101 EXAM PRACTICE QUESTIONS AND ANSWERS

 

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Finance identifies the capital that will be required to …………. the business and how it will be used.

a. End

b.start

c.fund

d.build

 

 

 

IMF Stands for?

a.Internal Money Fund

b.Internal Monetary Fund

c.International Monetary Fund

d.International Money Fund

 

 

 

The capacity to work for long hours describes which of the following entrepreneurial traits?

a.Passion

b.Involvement

c.Drive and Energy

d.Self confidence

 

 

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All except one are factors to be considered in choosing a business opportunity

a.Skills Required for the Successful Operation of the Business

b.Risk Profile of the Entrepreneur

c.Employees Vacation

d.Business Experience

 

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Operations managers are example of ____ managers

a.Middle

b.Top

c.Plant

d.Lower-level

 

 

 

Factors in the internal environment of business include the following except ____

a.Managers

b.Owners

c.Technology

d.Employees

 

 

 

A __________ is a civil wrong other than a breach of contract or a breach of trust and is a duty fixed by law on all persons

a.Custom Law

b.Tort

c.Trusts

d.Criminal Law

 

 

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The central role of management in organizations is ?

a.Unity of purpose

b.Goal attainment

c.Benefit achievement

d.Working together

 

 

 

Management is applicable in which of the following organizations?

a.Military

b.All of the above

c.Club

d.Church

 

 

 

_____ is the study of populations both in terms of their overall size and their structural characteristics.

a.Social dialogue

b.Social standards

c.Demography

d.Socialization

 

 

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All of the following except one is a myth of entrepreneurs except

a.They are born and not made

b.None of the above

c.Money motivation

d.They are gamblers

 

 

 

Business Experience is a fundamental ingredient for the success of any business ________________________

a.goals

b.opportunities

c.growth

d.venture

 

 

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_________________ analysis, which is concerned with the study of economic decision taking by both individuals and firms.

a.Inflation

b.Macroeconomic

c.Economics

d.Microeconomic

 

 

 

A/An _____ is one who has the responsibility to plan, organize, lead and control its available resources effectively and efficiently in order to achieve organizational purpose.

a.Entrepreneur

b.Leader

c.Managers

d.Intrapreneur

 

 

 

_____  plays an important role in understanding employees behavior in different cultures. It is important for any company competing internationally to understand cultural differences.

Ans. National culture

 

 

 

…………….. is a manager, scientist or researcher who works inside an existing organization an notices opportunities for product improvements and is responsible for managing the product development processes

Ans. Intrapreneur

 

 

 

 

All except one are factors to be considered in choosing a business opportunity

Ans. employees vacation

 

 

 

 

…………….. is a thought, an impression, or a notion.

Ans. idea

 

 

 

 

The World Trade Organization which came into being on ………….

Ans. 1^st January 1995

 

 

 

……………. Aims to marry specific products with specific customers on a person to person basis to secure ownership transfers.

Ans. personal selling

 

 

 

 

OEDC stands for …………………….

Ans. The Organization for Co-operation and Development

 

 

 

 

………… analysis, which is concerned with the study of economic decision taking by both individuals and firms

Ans. Microeconomic

 

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A ………………… is a civil wrong other than a breach of contract or a breach of trust and is a duty fixed by law on all persons

Ans. Tort

 

 

 

……………….. includes activities involved in relating effectively with critical elements in the economic environment

Ans. exchange relationship

 

KINDLY NOTE THAT THE ENT101 EXAM PRACTICE QUESTIONS WILL BE UPDATED FROM TIME TO TIME.