Business studies

An entrepreneur is …………………..

• a.       A person who is able to think of a business

• A person who is able to see opportunities

• A person who has confidence and courage to take up a business

•   A person who identifies and grabs the opportunity to make money

All except one are forms of business organizations

• Co-operative society

• Partnership

• Nigeria labour congress

• Sole proprietorship

Any individual who operates a business or service as a sole owner is …………

• Multi-employed

• Self-employed

• Digi-employed

• Compu-employed

A business organization established, owned and financed by one person is called …………..

• Co-operative society

• Partnership

• Public/private company

• Sole proprietorship

1.      The following except one are all extractive occupation

a.       Agricultural

b.      Oil drilling

c.       Mining

d.      Fishing

• Fishing

•   Mining

• Oil drilling

• Teaching

   The person or organization that decides to go into business is called ………

• Entrepreneur

• Production

• Capital

• Self-employed

   All human efforts whether physically or mentally directed towards the production of wealth is …………….

• Land

• Labour

• Capital

• Entrepreneur

   The reward for labour is …………

• Gratitude

• Service

• Capital

• Wages/salaries

  The factors of productions are ……………

•   Land, capital, labour and commerce

• Land, capital, commerce and economics

• Capital, labour, commerce and economics

• Land, labour, capital and entrepreneur

   The act or art of organizing by taking financial risks to make a profit is called

• Entrance

• Entrepreneurship

• Entrepreneur

• Enterprise