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 word ____ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
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2. Purchase of goods from foreign countries to be sold in the home country is called _______
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3. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.
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4. 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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5. There are __________ different types of meeting are stated in the articles of association.
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6. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons
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7. 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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8. _________ of Companies will issue a Certificate of Incorporation
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9. _________ involves the purchase of goods from foreign countries to be sold in the home country.
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10. _______ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product
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11. _________ is the determination of objective and the possible strategies to accomplishing it.
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12. _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.
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13. A _______ partner who does not take part in the management of the business but has an invested capital in the business.
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14. _________ is the part of a product that gives utility or satisfaction to the consumer.
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15. _________ 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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16. __________ concept states that a product passes through a life cycle as human beings.
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17. ________ is a kind of storeroom.
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18. 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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19. The objective of promotion is described as ______
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20. 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.
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21. _____ 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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22. ____ is the movement of goods through head- loaded by human porter
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23. The selling function is the very heart of marketing. True of False __________?
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24. __________ function of marketing involves the buying and selling.
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25. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.
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26. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
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27. Shares subscription is when the general public is invited to buy_________
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28. 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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29. Which one of the following is NOT a Long-term character of a venture?
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30. _________ 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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31. ________ 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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32. Shell Petroleum Development Company and the Nigerian Government is an example of _______
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33. _________ business that is formed and owned, by one man and members of his immediate family.
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34. _________ is a pricing strategy whereby a high price is set on a product in order to enhance the quality or image of the product-line.
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35. _______ is the relationship, which subsists between persons carrying on a business in common with a view of profit
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36. A business is a set of activities, which leads to the manufacturing of goods or_________
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37. If the goods are used for further production of wealth they are called _________
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38. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
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39. 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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40. _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.
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41. __________ 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.
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42. __________ has a relatively short attention span and a chronic need to explore new avenues of experience.
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43. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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44. Private companies have minimum of two and a maximum of _____ persons
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45. Marketing functions can be divided into exchange functions, facilitating functions, and _________
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46. A firm could also fix a product price in order to promote its entire product-line.
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47. Examples of convenience goods are bread, biscuits, pure water, newspapers, chew-gum etc. True OR False ____
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48. 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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49. __________ is when the general public is invited to buy shares.
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50. __________ regulates the powers of the company and fixes its objects in relation to the outside world.
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