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 association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law is called ________
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2. _________ of Companies will issue a Certificate of Incorporation
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3. ________ is a partner who had retired from the partnership leaving his capital in the business as loan, which attracts interest varying with the profit.
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4. 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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5. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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6. _________ 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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7. _________ is the process of leading and influencing the task-related activities of members of the organization.
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8. _________ 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.
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9. A _________ business includes sole proprietorship and partnership.
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10. Which one of the following is NOT an advantage of a partnership.
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11. _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.
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12. _________ is a form of business where two or more parties come together to undertake a particular business transaction for a common benefit.
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13. ________ is a partner who has an invested capital in the business and participates actively in running the affairs of the business.
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14. 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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15. _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.
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16. A document that contains a model partnership agreement is called__________?
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17. ____ is the movement of goods through head- loaded by human porter
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18. 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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19. The process of using available resources to achieve stated organizational objective by directing and controlling the efforts of the organizational members is called _________
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20. _________ involves the purchase of local goods to be sold in foreign countries.
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21. __________ has a relatively short attention span and a chronic need to explore new avenues of experience.
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22. _________ business that is formed and owned, by one man and members of his immediate family.
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23. 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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24. _________ venture recovers a portion of its costs through sales of its goods or services.
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25. 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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26. __________ is the physical nature of a product upon which competition is made.
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27. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.
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28. __________ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product.
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29. Examples of convenience goods are bread, biscuits, pure water, newspapers, chew-gum etc. True OR False ____
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30. _________is the process of buying and selling of goods
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31. 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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32. __________ is the determination of objective and the possible strategies to accomplishing it.
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33. _______ is the relationship, which subsists between persons carrying on a business in common with a view of profit
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34. __________ are those which are concerned of converting raw material or semi finished products into finished products. E.g. Shoes Company, Textiles Mills.
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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 __________
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36. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
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37. _________ engaged in reproducing and multiplying certain species of animals and plants and selling them in the market for profit are named as genetic industries.
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38. _________ technique of pricing views the pricing of a product on the buyer�??s perception of the product value.
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39. If the goods are used for further production of wealth they are called _________
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40. Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).
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41. The process of buying and selling of goods within the edge of a country is called ________
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42. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.
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43. _________ 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.
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44. __________ are those that are offered to enhance the activities of industrial and commercial sectors.
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45. Mark-up pricing is commonly used by manufacturers, wholesalers and retailers True/False?
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46. _________ involves the purchase of goods from foreign countries to be sold in the home country.
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47. The objective of promotion is described as ______
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48. A business is a set of activities, which leads to the manufacturing of goods or_________
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49. ________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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50. ____ refers to the process of leading and influencing the task-related activities of members of the organization.
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