UNIPORT GES 300 – Answers to GES 300 – Entrepreneurship and Small Business Management Workbook Part III

Uniport GES 300 – This post is majorly for all the students that want to fill UNIPORT GES 300 – Entrepreneurship and Small Business Management Workbook. This article will help you to confirm the answers you wish to select or you’ve selected. Also, guidelines on how you will write your GES 300 exams and possible questions you will see are also stated. GES 300 has been initiated as a compulsory course by NUC to all departments in the University of Port Harcourt and even to other schools at large. It is a course where you are been taught Entrepreneurship and Managerial Skills to Small Business. This is where students are opportune to learn about management and entrepreneurship to enable them become boss of their own or manage any sector effectively and as well utilize every business opportunity through the ideas they have. Uniport does not play with GES courses as it is very compulsory that all students must pass it before graduating from the University.

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FOR GES 100 – CLICK HERE

FOR GES 101 – CLICK HERE

FOR GES 102 – CLICK HERE

FOR GES 103 PART I – CLICK HERE

FOR GES 104 PART II – CLICK HERE

FOR GES 300 PART I – CLICK HERE

This GES 300 Part III is typically done to assist students in answering the questions from Question 101 to Question 130. If you’ve answered yours and want to confirm if what you’ve done is correct, you can easily check the answers below. If you’ve not answered any, you can still use this as a guideline to answer yours. But in all, we advise you read the Textbook so that you can confirm the answers provided.

Answers to GES 300 Questions

Module 9

101. In defining entrepreneur, as individual who sees __________ and creates and delivers good for _______. Answer: opportunities; members of the society.

102. The man who ventures into unknown environment where his probability of success is zero is exploring _______ trait of an entrepreneur. Answer: risk taking

103. The founding proponent of creative destruction of entrepreneur is _______. Answer: Joseph Schumpeter

104. Of the two, the most challenging environment is ______. Answer: developing nations

105. The difficult area to manager is found in which letter of the acronym SWOT. Answer: W – Weakness

106. The major entrepreneur as an organization is the _______. Answer: Manager

107. Education is both necessary and sufficient conditions for entrepreneur success. Answer: True

108. Moving outside your original line of business to serve different customer with different product refer to _______

109. A business can be owned either by franchising, fresh start up or _______. Answer: Merger

110. The form of business that is created by act of parliament and act as a legal entity is called ______. Answer: a statutory corporation

111. Unlimited liability is risk associated with ______ form of business. Answer: Sole proprietorship

112. The major division of sources of fund are _____ and ______. Answer: debt and equity (external sources)

113. An area of profitable unmet need is defined as ____. Answer: Niche strategy

114. The first and always managerial function is _____. Answer: planning

115. Park and shop is using what retail strategy _______.

116. The man who takes the risk for coordinating other factors of production enjoys _____. Answer: Profit

117. ______ is factor of production that is fixed. Answer: Land

118. Planning answers the question of _________. Answer: What and how to achieve an objective

119. Major reason for Mrs. BIGGS Failure is _____. Answer: Poor Management and Planning

120. Using wide product width and breadth is common characteristics of _____ stage of product life cycle. Answer: growth

121. ______ explains the number of worker a manager can effectively supervise. Answer: Staff management

122. _______ is an internal document needed for limited liability company. Answer: Article of Association

123. Caring for the stakeholders in business is synonymous with _______ social entrepreneurial strategy. Answer: social

124. The functional area/Department in typical business organization and marketing finance/accounting, administration/management and ________. Answer: Human resources

125. Trade secret, Patent and copyright, embedded in ______. Answer: form of intellectual property.

126. The account that keeps a balance of all assets to equal liability as at a given period of time is ____. Answer: Balance sheet

127. Financing the require high interest on loan is ______. Answer: debt servicing

128. In an economy, where there is only one seller of a product is _____. Answer: monopoly economy

129. Internal rate of return, pay back period are example of _____. Answer: measure of viability of investment

130. Equal installment repayment of loan over a given period is calculated with _____. Answer: compound interest

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UNIPORT GES 300 – Answers to GES 300 – Entrepreneurship and Small Business Management Workbook Part III