Business Studies HBEL 8

The process of identifying, creating, launching and managing a new business or repackaging an existing business into a better one is

• Enterprise

• Entrepreneur

• Entrepreneurship

• Business

Which is NOT a common source of capital for an everyday entrepreneur?

• Personal Savings

• Bank Loan

• Loan/assistance from friends and relatives

• Manners From Heaven

Which of the following businesses is NOT currently run within the Cuddles environment?

• Fish business

• Farming

• Food sales

• Thrift business

One whose business involves buying in large quantities is a

• Retailer

• Wholesaler

• Producer

• Consumer

One major important part of entrepreneurship businesses to the individuals involved is

• Provision of Personal income

• Community Development

• Growth in National Income

• International Development

What does this caption "Capital Intensive Business" best suggests?

• A business that needs little or no amount of money to run

• A business that needs huge amount of money to run

• A business that needs little or no assistance to run

• A business that needs huge intellectual property to run

The idea of business studies helps you become any of the following EXCEPT

• A Banker

• A Cashier

• Accountant

• Pilot

Which of the following best explains DETERMINATION as one of the characteristics of an entrepreneur

• Putting lots of efforts in order to ensure the business success

• Not giving up at all times

• Ability to make decisions and acts quickly

• Repackaging skills to ensure sales

Abdulsamad Rabiu is a Nigerian entrepreneur who founded

• Dangote Group Company

• BUA Company

• Channels TV

• Globacom Company

Biil Gates is one of the renowned international entrepreneurs known for

• Founding the Facebook

• Founding the Microsoft

• Founding the Econet Wireless

• Founding the Amazon