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. The purchase of goods or services from the wholesalers and selling in small quantity to the ultimate consumers is known as ________
2 / 50
2. A type of company managed by a board of directors is known as__________
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3. An act of separating market into groupings with related consumers needs and wants so that the appropriate marketing programmes are designed for each group is called _________
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4. __________ is especially committed to continual elaboration of his enterprise, but this requires maintenance of the structural foundations as well.
5 / 50
5. __________ regulates the powers of the company and fixes its objects in relation to the outside world.
6 / 50
6. _________ involves a liaison between existing private and public organizations each of which is able to contribute highly specialized services or facilities to the common enterprise, which is usually of major industrial significance.
7 / 50
7. _______ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product
8 / 50
8. _________ business that is formed and owned, by one man and members of his immediate family.
9 / 50
9. Goods produced by an industry which are further processed into finished products by another concern are called ______
10 / 50
10. Prospectus is an offer of shares to the public and must also be sent to the Registrar of Companies. True or False_____?
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11. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.
12 / 50
12. ________ is a partner who had retired from the partnership leaving his capital in the business as loan, which attracts interest varying with the profit.
13 / 50
13. Shell Petroleum Development Company and the Nigerian Government is an example of _______
14 / 50
14. __________ function of marketing involves the buying and selling.
15 / 50
15. Which one of the following is NOT an advantage of a partnership.
16 / 50
16. _________ generates profits, but rather than return those profits to shareholders, like business ventures, it reinvests those profits to further the social venture and the resulting social benefits.
17 / 50
17. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
18 / 50
18. A business is a set of activities, which leads to the manufacturing of goods or provision of services to satisfy the consumers at a profit.
19 / 50
19. _________ is when a firm initially charges a high price on a product and thereafter brings the price low to accommodate the price elastic segments of the market.
20 / 50
20. __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.
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21. _________ involves pricing a product at the average level charged in the industry.
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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 type of partnership business where the liability of members is hot restricted to their investment. is known as ________
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24. __________ is the type of partnership in which the liabilities of the partners are restricted to the business .assets in case the business fails in a welter of indebtedness.
25 / 50
25. __________ are stored in safe places and are released as and when demanded in the market.
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26. There are __________ different types of meeting are stated in the articles of association.
27 / 50
27. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc
28 / 50
28. Where the actual cost of the product is equal to or greater than the estimated price, an adjustment could be made which is known as __________
29 / 50
29. Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).
30 / 50
30. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.
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31. Private companies have minimum of two and a maximum of _____ persons
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32. _________is the process of buying and selling of goods
33 / 50
33. The four specific functions of managers are planning, organizing, directing and __________
34 / 50
34. Mark-up pricing is commonly used by manufacturers, wholesalers and retailers True/False?
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35. _________ concept is a business philosophy which states that customer's want satisfaction is the social and economic justification for a firm's existence.
36 / 50
36. _________ involves the purchase of local goods to be sold in foreign countries.
37 / 50
37. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.
38 / 50
38. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
39 / 50
39. __________ are those that are offered to enhance the activities of industrial and commercial sectors.
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40. _________ 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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41. When a firm charges a low price on its product to gain market acceptance, it is NOT practicing penetration pricing.
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42. __________ is the determination of objective and the possible strategies to accomplishing it.
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43. Which one of the following is NOT a Long-term character of a venture?
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44. A document that contains a model partnership agreement is called__________?
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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. If the goods are used for further production of wealth they are called _________
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47. A product is made up of _________ different levels.
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48. Which one of the following is NOT a disadvantage of a partnership.
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49. A business is a set of activities, which leads to the manufacturing of goods or_________
50 / 50
50. _________ refers to the merging of companies to form an organized whole
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