BUS205




Category: BUS205

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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

1.
The public is becoming an increasingly vocal component of the external environment of business. True or False

2 / 50

2.
_____ said a person by his conduct or acquisance allows others to believe in a state of things and they acted to his detriment.

3 / 50

3. _________ is made up of trade and all activities that make trade possible.

4 / 50

4.
________ recognize opportunities where they are and they utilize them by producing product or services that will fill the vacuum identified.

5 / 50

5. ____ is defined as an organization in which line authority,staff authority and functional authority exist together.

6 / 50

6. Cash account or cash book is a part of _____.

7 / 50

7.
The __________ is the total amount supplied by owner of the business.

8 / 50

8. ________is pooling of risk together for the benefit of those who agree to do so

9 / 50

9. ______ is pooling of risk together for the benefit of those who agree to do so.

10 / 50

10. The _____ (mostly the secretary) needs to cultivate good telephone diplomacy.

11 / 50

11.
______ reduces the amount of labour in the production process materials and machinery become relatively more important.

12 / 50

12.
________ creates opportunities for a company to increase consumer satisfaction and thereby gain competitive advantage over others.

13 / 50

13.
______is a promise or a commitment to do or reframe from doing some specifying things in the future.

14 / 50

14.
_______ is the point reached when the money from product sales equals the costs of making and distributing the product.

15 / 50

15.
__________ consists of a number of firms.

16 / 50

16. __________ affects every sphere of human endeavor.

17 / 50

17.
A business concern cannot operate in isolation; there are forces that shape every business. True or False

18 / 50

18. _________ developed idea on incentive scheme.

19 / 50

19. _______ provides goods and services to you.

20 / 50

20.
______ environment economy and technology has a serious effect on business.

21 / 50

21.
_______ researchers also gather information from a wider group of people.


22 / 50

22.
__________ environment could be looked at from the point of view of the type of leadership in the nation.

23 / 50

23. _________ risk on the other hand is the type of risk that has three possibilities.

24 / 50

24.
_________ is a process of information transfer, which goes on within you as an individual.

25 / 50

25. _______ are those features or conditions that can increase the cause of loss.

26 / 50

26. A ___ partner is that who is active in the affairs of the business but not known to the public as a partner.

27 / 50

27.
One of the consistent characteristics of an entrepreneur is his desire for ________.

28 / 50

28. __________ type of business is the oldest type of business in Nigeria.

29 / 50

29. __________ can be rules or guiding principles of a community.

30 / 50

30. __________ is undertaken by entrepreneur consciously and unconsciously.

31 / 50

31.
The _______ environment consists of institutions and people that make up a social grouping.

32 / 50

32.
______ face a downward – sloping market demand curve and therefore have the price to fix either price or output, but not both.

33 / 50

33. A____partner is one who is not actually a partner but who allows his name to be used in the partnership

34 / 50

34.
______ need to understand the changing technological environment and how new technologies can serve human needs.

35 / 50

35.
_________ is also defined as the kindness or money that has to be paid for a commodity or service.

36 / 50

36. _________ is manageable.

37 / 50

37. ____ risks are risks which both its origin and its consequential effect is impersonal.

38 / 50

38.
______is the exchange of words between or among people in a way or manner that produces understanding.

39 / 50

39.
Managers are the decision makers in an organization. True or False

40 / 50

40.
__________ income is used to buy items to meet basic needs.

41 / 50

41.
________is defined as “everything the customer receives that is of value in terms of a perceived want, need or problem”.

42 / 50

42. _______ is the value that products and sellers place on goods or services.

43 / 50

43.
A prospective successful designer should have a __________ policy in place.

44 / 50

44. _________Communication is a process of information transfer, which goes on within you as an individual.

45 / 50

45. _______ use resources to be able to perform their functions

46 / 50

46.
_____ hazards refer to those physical characteristics that can enhance the possibility and severity of loss from a peril.

47 / 50

47.
The products of oligopolistic industries may be identical or __________.

48 / 50

48. __________ provides to the general public what we call social responsibility.

49 / 50

49. _________refers to the magnitude of such outcome when it occurs.

50 / 50

50.
_______ can be measured to a certain degree of available statistics.

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