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ENT211 EXAM QUESTIONS

1. The process of investigating the viability of the project within the environmental
oriented factor is --------------.
A. Feasibility study
B. Value- chain analysis
C. Business plan
D. Swot –analysis
ANSWER: A
2. The end- outcome of feasibility study such that, it is written down in a document is
known as -----------------.
A. Strategy plan
B. Value analysis
C. Business plan
D. Business chain transmitter
ANSWER :C
3. The components of business plan includes the following except.
A. Summary
B. Business concept
C. Production concept
D. Chain –store technique
ANSWER : D
4. The ---------------- is the actual purpose of the business enterprise.
A. Mission statement
B. Vision statement
C. Goal
D. Objective
ANSWER :A
5. The ---------------- provides direction for the business and check mates the
entrepreneur from deviating from company’s original philosophy.
A. Goal
B. Mission statement
C. Objective
D. Value
ANSWER :B
6. The analysis that leads to cost reduction and increase in value or quality of goods and
service is known as:
A. Value chain analysis

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B. Value analysis
C. Planning
D. Cotrolling
ANSWER :B
7. The acronym S in TOWS-up analysis popularly reffered to as SWOT analysis
is----------
A. Strength
B. Weakness
C. Strategy
D. Sustainability
ANSWER : A
8. The acronym T stands for what ----------------------?
A. Tows
B. Target
C. Treat
D. Talent
ANSWER :C
9. The W stands for -----------------?
A. Worth of the business
B. Weighted average capital
C. Weakness
D. Wots
ANSWER: C
10. O stands for what ?
A. Operation management
B. Objective
C. Chain store analysis
D. Opportunity
ANSWER: D
11. ------------- is an economics increase that is predicated on three levels of intelligence.
A. Business
B. Business growth
C. Production process
D. Financial intelligence
ANSWER :B
12. ------------- is a legitimate economic institution and not a criminal enterprise.
A. Business
B. Cost of production
C. Financial intelligence
D. Business growth
E. ANSWER :A
13. An entrepreneur has two basis choices when considering financing his business to
enhance growth.
A. Debt and equity

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B. Equity
C. Debt
D. Capital structure and financial composition
ANSWER : A
14. Cash flows is made up of two major components.
A. Inflow and flows
B. Outflow and inflow
C. Outflow and revenue
D. Revenue and expenses
ANSWER : B
15. In cash flow prepared by the business planner, the expenses cost and other going –out
items is recorded under what?
A. Inflow
B. Outflow
C. Net flow
D. cash flow
ANSWER: B
16. The position of owner’s contribution in business enterprises is known as-----------
A. Debt capital
B. Equity capital
C. Debt-equity financing
D. Debt-equity portion
ANSWER :B
17. In a statement of financial position of the business when net capital from total
liability the outcome become--------.
A. Liability
B. Debt
C. Asset
D. Equity
ANSWER :C
18. The process of arranging resources in a right place is best classified under
management process as------------- .
A. Staffing
B. Controlling
C. Planning
D. Directing
ANSWER :A
19. The process of organizing, directing , monitoring and planning the resources to
achieve organizational goal within the time targeted is known as ------------.
A. Management
B. Manager
C. Business policy
D. Business strategy
ANSWER :A

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20. The process of monitoring resources and surbordinate in an organization to achieve

goals is ----------------
A. Management
B. Controlling
C. Staffing
D. Planning
ANSWER :C
21. ------------- is the creation of goods and service to satisfy certain human want.
A. Production
B. Process of production
C. Services
D. Goods
ANSWER :A
22. To avoid loss of profit margin, the entrepreneur must apply----------- to watch cash
flow.
A. Financial flow
B. Financial analysis
C. Financial intelligence
D. Business flow
ANSWER : C
23. The process in yoghurt making productin include the following except
A. Sugar
B. Water
C. Milk
D. Calcium
ANSWER :D
24. ------------ is strictly predicated on intergrity, hard work, relevant skill acguisition and
application, conservative application of wealth knowledge, and the right attitude with
financial management.
A. Financial management
B. Financial intelligence
C. Financial flow
D. Financial indicator
ANSWER :B
25. A financial statement is an ;
A. Hybrid statement of cashflow
B. Written report that quantitatively describes a firm’s financial health
C. Estimate of a firm’s future income and expense
D. Set of ratios which depict relationship between a firm’s financial items
ANSWER: B
26. Which of the following is the main purpose for writing a business plan?
A. The plan helps the company develop a road map to follow
B. The plan introduces potential investors and other stakeholders to the business
opportunity

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C. Both A and B are equally important

D. Neither A or B captures the true purpose of a business plan
ANSWER : C
27. The document that the best job of introducing potential investors and other
stakeholders with the business opportunity the firm is pursuing and how it plans to
pursue it is the:
A. Business plan
B. Feasibility analysis
C. Opportunity analysis
D. Industry analysis
ANSWER :A
28. Financial management deals with two things raising money and---------------
A. Operation management
B. Inventory control
C. Managing a company’s finance
D. Production management
ANSWER :C
29. ------------- organize , coordinate other factors of production.
A. Entrepreneur
B. Entrepreneurship
C. Enterprise
D. Labour
ANSWER: A
30. ---------------- are itemised forecasts of a company’s income , expense, and capital
needs and are also an important tool for financial planning and control.
A. Profitability index
B. Financial statement
C. Equity statement
D. Budgets
ANSWER: D
31. Any patents, trademarks, copyright or trade secrets held by the entrepreneur is known
as
A. Disclosure document
B. Patent
C. Intellectual property
D. None of the mentioned
ANSWER :C
32. The organization will never be able to make the necessary changes without-------------
A. Top management commitment
B. Employees
C. Workers
D. Ambiguous
ANSWER :A
33. The ways entrepreneurs make decision.

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A. Entrepreneurial domain
B. Reverse brain storming
C. Heuristics
D. Styles box
ANSWER :A
34. Personal characteristics to be a successful entrepreneur includes
A. Understanding environment
B. Creating management options
C. Encourage open discussion
D. All of the above
ANSWER :D
35. International entrepreneurship is
A. Licensing
B. Exporting
C. Both of the mentioned options
D. None of the two mentioned
ANSWER :C
36. Which of the following is not a characteristic that is help for an entrepreneur to have?
A. Self- esteem
B. Caution
C. Drive
D. Optimism
ANSWER :B
37. A set of reasons for engaging in a particular behaviour, especially human behaviour is
known as---------
A. Values
B. Vision
C. Entrepreneurship
D. Motivation
ANSWER :D
38. In some countries, point of purchase displays are not allowed in retail stores. Such
differences are studied by international entrepreneurs under------------- environment.
A. Economics
B. Political
C. Cultural
D. Technological
ANSWER :C
39. ---------- is the process in marketing of dividing a market into distinct subsets that
have similar needs.
A. Market target
B. Market analysis
C. Market segmentation
D. All of the above
ANSWER :C

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40. A business where an individual is both the owner and conductor of business affairs
called-----------
A. Sole proprietorship
B. Partnership
C. Corporation
D. Limited liability company
ANSWER :A
41. The un-controllable factor in an environment is best known as ----------------
A. Internal environment
B. External environment
C. Technical environment
D. International environment
ANSWER : B
42. The factor that is controlled by an organization in business environment is classified
under ----------
A. Internal environment
B. External environment
C. Technological environment
D. International environment
ANSWER :A
43. Value analysis is a ------------- approach to cost reduction and it reviews the material
composition of a product and production design.
A. Planned scientific
B. Planned oriented
C. Planning
D. Planning mapping
ANSWER :A
44. The ----------------- gives the reader an overview of the most essential facts contained
in the business plan.
A. Executive summary
B. Business concept
C. Market strategy
D. Production concept
ANSWER :A
45. --------------- is the only medium through which an entrepreneur can effectively
communicate to bank and other financial institutions inorder to obtain financial
assistance to build his or her business.
A. Business scenario
B. Bench marking
C. Business plan
D. Business strategy
ANSWER :D
46. The ------------ involves research analysis , target market, market size and trade.
A. Marketing system

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B. Marketing mapping
C. Market strategy
D. Market policy
ANSWER : C
47. ------------- which involves financial forecast profit and loss cashflow, cost control and
budgeting plan.
A. Financial segment
B. Financial planning
C. Cashflow segment
D. Cashflow planning
ANSWER :A
48. The value attached to the business plan must be ------------- not --------------
A. Entrepreneurship oriented not capitalistic
B. Capitalistic not socialistic
C. Entrepreneurship freedom
D. Socialistic not capitalistic
ANSWER : A
49. A very crucial objective of personel management is to provide the -------------- of the
enterprise, interms of skill, number, age and sex.
A. Human resource
B. Capital resource
C. Planning
D. Material
ANSWER :A
50. One of the main problem entrepreneurs face in Africa is that they tend to----------
their enterprises by trying to be involved in every aspect of the enterprise daily
operation.
A. Macro manage
B. Micro manage
C. Mini manage
D. Max- manage
ANSWER : B

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