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. Shell Petroleum Development Company and the Nigerian Government is an example of _______
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2. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.
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3. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________
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4. Goods purchased in huge quantity from producers and resell to retailers is known as ____________
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5. __________ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product.
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6. The objective of promotion is described as ______
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7. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
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8. __________ is the physical nature of a product upon which competition is made.
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9. _________ are essentially one-time venturers who having established their autonomous enclaves, will simply act to maintain them into the indefinite future.
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10. _________ are those industries which extract, raise or fabricate raw materials from above or beneath surface of the earth.
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11. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.
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12. ______ 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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13. _________is the process of buying and selling of goods
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14. _________ is the process of leading and influencing the task-related activities of members of the organization.
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15. _________ of Companies will issue a Certificate of Incorporation
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16. Elkington and Hartigan (2007) define ______ models for social ventures.
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17. __________ is the determination of objective and the possible strategies to accomplishing it.
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18. 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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19. _________ venture recovers a portion of its costs through sales of its goods or services.
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20. _________ is the part of a product that gives utility or satisfaction to the consumer.
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21. _________ involves pricing a product at the average level charged in the industry.
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22. ____ refers to the process of leading and influencing the task-related activities of members of the organization.
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23. ____is concerned with adding services to the core and formal products.
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24. _________ 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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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 especially committed to continual elaboration of his enterprise, but this requires maintenance of the structural foundations as well.
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27. _________ 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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28. A firm could also fix a product price in order to promote its entire product-line.
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29. Private companies have minimum of two and a maximum of _____ persons
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30. __________ are those that are offered to enhance the activities of industrial and commercial sectors.
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31. _________ 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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32. Examples of convenience goods are bread, biscuits, pure water, newspapers, chew-gum etc. True OR False ____
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33. _________ 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.
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34. Goods produced by an industry which are further processed into finished products by another concern are called ______
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35. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
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36. ________ 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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37. _________ 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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38. If the goods are used for further production of wealth they are called _________
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39. __________ concept states that a product passes through a life cycle as human beings.
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40. __________ is the movement and handling of goods from the point of production to the point of consumption.
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41. _________ is the process of stimulating and increasing sales through market awareness and customer service.
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42. _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.
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43. __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.
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44. 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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45. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
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46. _________ 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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47. __________ is when the general public is invited to buy shares.
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48. _________ 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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49. _________ involves the purchase of goods from foreign countries to be sold in the home country.
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50. ________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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