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
________ creates opportunities for a company to increase consumer satisfaction and thereby gain competitive advantage over others.
2 / 50
3 / 50
_________ is also defined as the kindness or money that has to be paid for a commodity or service.
4 / 50
5 / 50
6 / 50
______ reduces the amount of labour in the production process materials and machinery become relatively more important.
7 / 50
One of the consistent characteristics of an entrepreneur is his desire for ________.
8 / 50
__________ environment could be looked at from the point of view of the type of leadership in the nation.
9 / 50
________ recognize opportunities where they are and they utilize them by producing product or services that will fill the vacuum identified.
10 / 50
A prospective successful designer should have a __________ policy in place.
11 / 50
12 / 50
13 / 50
14 / 50
15 / 50
_______ can be measured to a certain degree of available statistics.
16 / 50
The _______ environment consists of institutions and people that make up a social grouping.
17 / 50
______ face a downward – sloping market demand curve and therefore have the price to fix either price or output, but not both.
18 / 50
19 / 50
_______ is the point reached when the money from product sales equals the costs of making and distributing the product.
20 / 50
The products of oligopolistic industries may be identical or __________.
21 / 50
_______ researchers also gather information from a wider group of people.
22 / 50
______ need to understand the changing technological environment and how new technologies can serve human needs.
23 / 50
______is a promise or a commitment to do or reframe from doing some specifying things in the future.
24 / 50
The whole nature of society is that the numbers of it are ___________.
25 / 50
26 / 50
27 / 50
28 / 50
28. ________is pooling of risk together for the benefit of those who agree to do so
29 / 50
30 / 50
31 / 50
32 / 50
The __________ is the total amount supplied by owner of the business.
33 / 50
34 / 50
__________ income is used to buy items to meet basic needs.
35 / 50
_____ said a person by his conduct or acquisance allows others to believe in a state of things and they acted to his detriment.
36 / 50
______is the exchange of words between or among people in a way or manner that produces understanding.
37 / 50
________is defined as “everything the customer receives that is of value in terms of a perceived want, need or problem”.
38 / 50
39 / 50
40 / 50
A business concern cannot operate in isolation; there are forces that shape every business. True or False
41 / 50
_____ hazards refer to those physical characteristics that can enhance the possibility and severity of loss from a peril.
42 / 50
Many years ago, _______, in the management revolution argued that ownership had been divorce from control.
43 / 50
_________means something looking or resembling something.
44 / 50
45 / 50
46 / 50
The public is becoming an increasingly vocal component of the external environment of business. True or False
47 / 50
48 / 50
Managers are the decision makers in an organization. True or False
49 / 50
50 / 50
__________ consists of a number of firms.
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