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. Organizations do NOT contribute to the present standards of living of people worldwide.
2 / 50
2. 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 _________
3 / 50
3. __________ is the physical nature of a product upon which competition is made.
4 / 50
4. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.
5 / 50
5. __________ is when the general public is invited to buy shares.
6 / 50
6. _________ involves the purchase of goods from foreign countries to be sold in the home country.
7 / 50
7. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.
8 / 50
8. Shell Petroleum Development Company and the Nigerian Government is an example of _______
9 / 50
9. Marketing functions can be divided into exchange functions, facilitating functions, and _________
10 / 50
10. __________ concept states that a product passes through a life cycle as human beings.
11 / 50
11. The balance of share capital that is yet to be paid by a subscriber which was voluntarily made so by the firm is called_________
12 / 50
12. There are __________ different types of meeting are stated in the articles of association.
13 / 50
13. The objective of promotion is described as ______
14 / 50
14. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc
15 / 50
15. _________ business is the type of business organization that is formed without any formal authority from an existing government.
16 / 50
16. A business is a set of activities, which leads to the manufacturing of goods or_________
17 / 50
17. Distribution is the movement and handling of goods from the point of production to the point of consumption. True/False
18 / 50
18. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________
19 / 50
19. _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.
20 / 50
20. __________ is especially committed to continual elaboration of his enterprise, but this requires maintenance of the structural foundations as well.
21 / 50
21. _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.
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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. Goods purchased in huge quantity from producers and resell to retailers is known as ____________
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24. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
25 / 50
25. Goods produced by an industry which are further processed into finished products by another concern are called ______
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26. ____ is the organization of a firm ‘s resources to meet the needs of customers or potential customers profitably.
27 / 50
27. The four specific functions of managers are planning, organizing, directing and __________
28 / 50
28. The purchase of goods or services from the wholesalers and selling in small quantity to the ultimate consumers is known as ________
29 / 50
29. ______ 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.
30 / 50
30. Prospectus is an offer of shares to the public and must also be sent to the Registrar of Companies. True or False_____?
31 / 50
31. Mark-up pricing is commonly used by manufacturers, wholesalers and retailers True/False?
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32. _________ is the part of a product that gives utility or satisfaction to the consumer.
33 / 50
33. _________ refers to the merging of companies to form an organized whole
34 / 50
34. _________ is a form of business where two or more parties come together to undertake a particular business transaction for a common benefit.
35 / 50
35. __________ has a relatively short attention span and a chronic need to explore new avenues of experience.
36 / 50
36. Which one of the following is NOT an advantage of a partnership.
37 / 50
37. If the goods are used for further production of wealth they are called _________
38 / 50
38. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.
39 / 50
39. _________ involves pricing a product at the average level charged in the industry.
40 / 50
40. __________ is concerned with adding services to the core and formal products.
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41. _________ 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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42. _________ are those industries which extract, raise or fabricate raw materials from above or beneath surface of the earth.
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43. A document that contains a model partnership agreement is called__________?
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44. ____ is the movement of goods through head- loaded by human porter
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45. Shares subscription is when the general public is invited to buy_________
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46. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons
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47. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.
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48. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
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49. _________ of Companies will issue a Certificate of Incorporation
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50. The process of buying and selling of goods within the edge of a country is called ________
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