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!
BUS205
1 / 50
The public is becoming an increasingly vocal component of the external environment of business. True or False
2 / 50
______ face a downward – sloping market demand curve and therefore have the price to fix either price or output, but not both.
3 / 50
3. ________is pooling of risk together for the benefit of those who agree to do so
4 / 50
_______ can be measured to a certain degree of available statistics.
5 / 50
One of the consistent characteristics of an entrepreneur is his desire for ________.
6 / 50
7 / 50
The __________ is the total amount supplied by owner of the business.
8 / 50
__________ environment could be looked at from the point of view of the type of leadership in the nation.
9 / 50
______is the exchange of words between or among people in a way or manner that produces understanding.
10 / 50
________ creates opportunities for a company to increase consumer satisfaction and thereby gain competitive advantage over others.
11 / 50
12 / 50
13 / 50
14 / 50
__________ consists of a number of firms.
15 / 50
16 / 50
17 / 50
18 / 50
19 / 50
_________ is a process of information transfer, which goes on within you as an individual.
20 / 50
21 / 50
A prospective successful designer should have a __________ policy in place.
22 / 50
A business concern cannot operate in isolation; there are forces that shape every business. True or False
23 / 50
________ recognize opportunities where they are and they utilize them by producing product or services that will fill the vacuum identified.
24 / 50
_____ hazards refer to those physical characteristics that can enhance the possibility and severity of loss from a peril.
25 / 50
26 / 50
27 / 50
28 / 50
_________ is also defined as the kindness or money that has to be paid for a commodity or service.
29 / 50
30 / 50
31 / 50
32 / 50
33 / 50
34 / 50
__________ income is used to buy items to meet basic needs.
35 / 50
The products of oligopolistic industries may be identical or __________.
36 / 50
Managers are the decision makers in an organization. True or False
37 / 50
38 / 50
_______ is the point reached when the money from product sales equals the costs of making and distributing the product.
39 / 50
The whole nature of society is that the numbers of it are ___________.
40 / 50
______is a promise or a commitment to do or reframe from doing some specifying things in the future.
41 / 50
_____ said a person by his conduct or acquisance allows others to believe in a state of things and they acted to his detriment.
42 / 50
______ environment economy and technology has a serious effect on business.
43 / 50
44 / 50
________is defined as “everything the customer receives that is of value in terms of a perceived want, need or problem”.
45 / 50
______ need to understand the changing technological environment and how new technologies can serve human needs.
46 / 50
47 / 50
Many years ago, _______, in the management revolution argued that ownership had been divorce from control.
48 / 50
49 / 50
_______ researchers also gather information from a wider group of people.
50 / 50
______ reduces the amount of labour in the production process materials and machinery become relatively more important.
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