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
1 / 50
1. Private companies have minimum of two and a maximum of _____ persons
2 / 50
2. _________ business that is formed and owned, by one man and members of his immediate family.
3 / 50
3. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc
4 / 50
4. The objective of promotion is described as ______
5 / 50
5. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.
6 / 50
6. In case the goods produced by an industry are further processed into finished products by another concern they are known as _________
7 / 50
7. ________ is a kind of storeroom.
8 / 50
8. _______ is the relationship, which subsists between persons carrying on a business in common with a view of profit
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9. 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.
10 / 50
10. A product is made up of _________ different levels.
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11. _________ 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.
12 / 50
12. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________
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13. __________ 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.
14 / 50
14. _________ refers to the merging of companies to form an organized whole
15 / 50
15. _________ is the pricing method whereby a predetermined percentage is added to the cost of a product in order to determine its price.
16 / 50
16. ____is concerned with adding services to the core and formal products.
17 / 50
17. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.
18 / 50
18. Purchase of goods from foreign countries to be sold in the home country is called _______
19 / 50
19. A document that contains a model partnership agreement is called__________?
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20. Goods produced by an industry which are further processed into finished products by another concern are called ______
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21. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons
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22. __________ involves the coordination of human and material resources toward objective accomplishment.
23 / 50
23. Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).
24 / 50
24. ______ 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.
25 / 50
25. Mark-up pricing is commonly used by manufacturers, wholesalers and retailers True/False?
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26. The process of buying and selling of goods within the edge of a country is called ________
27 / 50
27. _________ involves pricing a product at the average level charged in the industry.
28 / 50
28. 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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29. The word ____ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
30 / 50
30. _________ is the process of leading and influencing the task-related activities of members of the organization.
31 / 50
31. __________ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product.
32 / 50
32. __________ are stored in safe places and are released as and when demanded in the market.
33 / 50
33. Shares subscription is when the general public is invited to buy_________
34 / 50
34. _____ 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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35. 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 __________
36 / 50
36. Anything that can be offered to the market for attention, acquisition or consumption, including physical objects, services, personalities, organizations and desires is called a____
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37. The purchase and sale of goods between two countries are called __________
38 / 50
38. _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.
39 / 50
39. 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.
40 / 50
40. The association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law is called ________
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41. __________ is the determination of objective and the possible strategies to accomplishing it.
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42. Examples of convenience goods are bread, biscuits, pure water, newspapers, chew-gum etc. True OR False ____
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43. The purchase of goods or services from the wholesalers and selling in small quantity to the ultimate consumers is known as ________
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44. __________ function of marketing involves the buying and selling.
45 / 50
45. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.
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46. The process of using available resources to achieve stated organizational objective by directing and controlling the efforts of the organizational members is called _________
47 / 50
47. A firm could also fix a product price in order to promote its entire product-line.
48 / 50
48. _________ concept is a business philosophy which states that customer's want satisfaction is the social and economic justification for a firm's existence.
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49. The four specific functions of managers are planning, organizing, directing and __________
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50. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.
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