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!
BUS205
1 / 50
One of the consistent characteristics of an entrepreneur is his desire for ________.
2 / 50
2. ________is pooling of risk together for the benefit of those who agree to do so
3 / 50
4 / 50
__________ consists of a number of firms.
5 / 50
6 / 50
______is the exchange of words between or among people in a way or manner that produces understanding.
7 / 50
_________ is also defined as the kindness or money that has to be paid for a commodity or service.
8 / 50
_____ hazards refer to those physical characteristics that can enhance the possibility and severity of loss from a peril.
9 / 50
10 / 50
__________ income is used to buy items to meet basic needs.
11 / 50
12 / 50
13 / 50
14 / 50
15 / 50
_______ researchers also gather information from a wider group of people.
16 / 50
_________ is a process of information transfer, which goes on within you as an individual.
17 / 50
_______ can be measured to a certain degree of available statistics.
18 / 50
______ reduces the amount of labour in the production process materials and machinery become relatively more important.
19 / 50
______ environment economy and technology has a serious effect on business.
20 / 50
21 / 50
A business concern cannot operate in isolation; there are forces that shape every business. True or False
22 / 50
23 / 50
_____ said a person by his conduct or acquisance allows others to believe in a state of things and they acted to his detriment.
24 / 50
25 / 50
26 / 50
27 / 50
28 / 50
29 / 50
A prospective successful designer should have a __________ policy in place.
30 / 50
31 / 50
________is defined as “everything the customer receives that is of value in terms of a perceived want, need or problem”.
32 / 50
________ creates opportunities for a company to increase consumer satisfaction and thereby gain competitive advantage over others.
33 / 50
______is a promise or a commitment to do or reframe from doing some specifying things in the future.
34 / 50
Many years ago, _______, in the management revolution argued that ownership had been divorce from control.
35 / 50
The _______ environment consists of institutions and people that make up a social grouping.
36 / 50
_________means something looking or resembling something.
37 / 50
38 / 50
______ need to understand the changing technological environment and how new technologies can serve human needs.
39 / 50
_______ is the point reached when the money from product sales equals the costs of making and distributing the product.
40 / 50
________ recognize opportunities where they are and they utilize them by producing product or services that will fill the vacuum identified.
41 / 50
The public is becoming an increasingly vocal component of the external environment of business. True or False
42 / 50
43 / 50
The whole nature of society is that the numbers of it are ___________.
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46 / 50
The __________ is the total amount supplied by owner of the business.
47 / 50
48 / 50
______ face a downward – sloping market demand curve and therefore have the price to fix either price or output, but not both.
49 / 50
Managers are the decision makers in an organization. True or False
50 / 50
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