1.
______ is a business which is owned and controlled by one or few persons.
2.
The business plan process which has to do with conducting thorough market research to enable you understand the industry and how to stand out from competitors is _____
3.
All are ways of owning a small business except _______
4.
The main aims of financial management is to ensure that a business is both successful and ______
5.
Fixed cost are those costs that tend to remain _______ in total within a given period of time.
6.
The cost that are approximately fixed for over a small range of output, but vary over a large range of output is known as ______
7.
______ is an organization that attempt to earn profit by providing goods and services that is needed by the society.
8.
______ is not sources of finance to business men
9.
The following are methods of splitting mixed cost except ______
10.
______ is one of the ways in solving financial management problems
11.
______ has an inverse relationship with volume where it decreases when the volume is increase and increases when the volume is decrease.
12.
One of the following is not an advantage of self-employed.
13.
Breakeven analysis is the study of the relationship between _____
14.
_______ is a record needed for financial management.
15.
Breakeven point means ______
16.
Another name for mixed costs is ______
17.
Sound financial management is the careful and prudent management of your companies financial.
18.
Breakeven can be approach in the following method except _____
19.
In business _______ is a key to success, without it a business can not expand and succeed.
20.
All are advantages of self-employment except ______
21.
______ are tangible items that can be seen, touched and held.
22.
The following are the advantages of owning a business except _______
23.
The following are frustrating factors one may encounter in being self-employed except ______
24.
All are problems of entrepreneurship except ______
25.
Total variable cost (TV/C) has a direct relationship with ______
26.
In observing changes in the environment, ______ is highly relevant to business opportunities identification.
27.
The process of writing a business plan which gives a brief introduction to your business is known as ________
28.
The point where the total sales and total cost intersect is known as ______
29.
18. The following are factors that can determine the level of business success except _____
30.
In buying an existing business ______ is one of the advantages.
31.
The following are sources of funds for small enterprises except ______
32.
______ is not a type of loan.
33.
______ is one of the advantages of financial management.
34.
As a small enterprise, you must register your business with ______ to enable you have an advantage over your competitors in terms of business expansion.
35.
______ is one of the steps in identifying business opportunities which has to do with understanding problem
36.
What is the full name for CAC
37.
All are factors to consider in starting a business except _____
38.
_______ is not an institution in promoting entrepreneurship
39.
_______ is not government incentives Programme to small business.
40.
_______ has both qualities of fixed and variable cost which change as output changes but not in the same proportion.
41.
What first comes to your mind before you start up a business.
42.
______ is a situation where available capital is insufficient to pay all obligations of the business.
43.
_________ is a rule that guides decisions, resulting in positive outcomes that promote the community.
44.
______ is one of the steps in identifying business opportunities
45.
The following are the processes involve in writing a business plan except _____
46.
In the cost-volume-profit analysis diagram, net profit area is derived when sales is more than _______
47.
There are ______ methods in deciding breakeven point.
48.
Breakeven analysis is used for the following except ______
49.
The scope small business covers the following except one ______
50.
Business exists to achieve certain objectives which include _______ (a) lack of fund (b) lack of inadequate experience (c) payment of debt (d) profit making
51.
______ is a tool you will use and not a total you will use.
52.
All are type of loan except one ______
53.
The study of cost-volume profit analysis is used for ______
54.
Government requires the following in order to regulate business except one _________
55.
Net loss area is derived when the cost is greater than ______
56.
_______ is the change of taking advantage of an occurrence in the market for business gain.
57.
Without sound ______ management, decision making is flawed
58.
A good business plan is a _____ on how to structure run and grow your new business.
59.
Government regulates business through the following except.
60.
To enable one control mixed cost, we must ______them.
61.
The factors to consider when starting a business which require through research into you target market by considering how your business can solve your customer’s problems is ______
62.
_______ is a government policy which is held in a very high esteem for both small- or large-scale business owners because it is used, in developing the economy.
63.
All are qualities of entrepreneur except _______
64.
The business plan process which really go into details in describing the business which include the following business registered name, address of the business is ______
65.
______ is one of the problems associated with financial management.
66.
One of the symptoms of business failures identified by oshagbert in 1983 is _______
67.
_______ is one of the factors encouraging small scale business failure.
68.
______ is a written document that describes the products or services the business will offer and how it will achieve its goals.
69.
______ is one of the problems associated with small scale business.
70.
______ is a source of financing to a business.
