BUS205




Category: BUS205

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BUS205

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A. __________ affects every sphere of human endeavor.

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

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

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

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


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

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

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

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

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

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K. _______ provides goods and services to you.

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

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

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N.
Many years ago, _______, in the management revolution argued that ownership had been divorce from control.

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

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

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

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

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

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

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

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

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

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

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

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Z.
The whole nature of society is that the numbers of it are ___________.

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

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AB. _________ is manageable.

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AC. _________ developed idea on incentive scheme.

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

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

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

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

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

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

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

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

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

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AM.
_________means something looking or resembling something.

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

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

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

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

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

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

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

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AU.
__________ consists of a number of firms.

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

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

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

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

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AZ. __________ is undertaken by entrepreneur consciously and unconsciously.

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

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