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