ATTENTION:
Kindly note that you will be presented with 50 questions randomized from the NOUN question bank. Make sure to take the quiz multiple times so you can get familiar with the questions and answers, as new questions are randomized in each attempt.
Good luck!
ENT202
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1. Goods produced by an industry which are further processed into finished products by another concern are called ______
2 / 50
2. ____ is the movement of goods through head- loaded by human porter
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3. __________ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product.
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4. In case the goods produced by an industry are further processed into finished products by another concern they are known as _________
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5. Shell Petroleum Development Company and the Nigerian Government is an example of _______
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6. _________ involves pricing a product at the average level charged in the industry.
7 / 50
7. __________ are stored in safe places and are released as and when demanded in the market.
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8. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.
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9. The purchase and sale of goods between two countries are called __________
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10. Private companies have minimum of two and a maximum of _____ persons
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11. The type of venture that covers all the activities related to production and distribution of goods and services from the place of production to the final consumers with an aim to earn profit. is called _________
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12. _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.
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13. _________ of Companies will issue a Certificate of Incorporation
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14. __________ has a relatively short attention span and a chronic need to explore new avenues of experience.
15 / 50
15. Organizations do NOT contribute to the present standards of living of people worldwide.
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16. Goods that are meant for further production or for the routine operations of a business firms are called ____
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17. _________ refers to the merging of companies to form an organized whole
18 / 50
18. _________ are essentially one-time venturers who having established their autonomous enclaves, will simply act to maintain them into the indefinite future.
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19. A product is made up of _________ different levels.
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20. _________ is the determination of objective and the possible strategies to accomplishing it.
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21. Commercial activities are classified as____________
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22. The balance of share capital that is yet to be paid by a subscriber which was voluntarily made so by the firm is called_________
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23. The full procedure for formation, registration, and filing of specific documents and returns of companies whether private or public companies in Nigeria is NOT governed by the Companies Decree No.51 of 1968.
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24. _________is the process of buying and selling of goods
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25. _________ is a partner who has no invested capital in the business and is not involved in its management but lends his either as a result of his goodwill or public image.
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26. _________ is the process of arranging and all locating work, authority, and resources among an organization�??s members so they can achieve the organization's goals.
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27. _________ technique of pricing views the pricing of a product on the buyer�??s perception of the product value.
28 / 50
28. __________ function of marketing involves the buying and selling.
29 / 50
29. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
30 / 50
30. __________ is especially committed to continual elaboration of his enterprise, but this requires maintenance of the structural foundations as well.
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31. The process of buying and selling of goods within the edge of a country is called ________
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32. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc
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33. _____ is a set of activities, which leads to the manufacturing of goods or provision of services to satisfy the consumers at a profit
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34. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons
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35. A _________ business includes sole proprietorship and partnership.
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36. __________ is the determination of objective and the possible strategies to accomplishing it.
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37. If the goods are used for further production of wealth they are called _________
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38. __________ is the pricing method that calls for setting a price based on consumer perception and demand intensity of the product.
39 / 50
39. Distribution is the movement and handling of goods from the point of production to the point of consumption. True/False
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40. The four specific functions of managers are planning, organizing, directing and __________
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41. _________ are those industries which extract, raise or fabricate raw materials from above or beneath surface of the earth.
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42. _________ is the process of leading and influencing the task-related activities of members of the organization.
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43. The association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law is called ________
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44. Shares subscription is when the general public is invited to buy_________
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45. The memorandum of Association regulates the powers of the company and fixes its objects in relation to the outside world. True or False____?
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46. A type of company managed by a board of directors is known as__________
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47. _________ is the pricing method whereby a predetermined percentage is added to the cost of a product in order to determine its price.
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48. Which one of the following is NOT a Long-term character of a venture?
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49. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
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50. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.
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