ENT202

1.  A _______ partner who does not take part in the management of the business but has an invested capital in the business.

2. The four specific functions of managers are planning, organizing, directing and __________

3. ____ refers to the process of leading and influencing the task-related activities of members of the organization.

4. __________ is the movement and handling of goods from the point of production to the point of consumption.

5. _________ is the pricing method whereby a predetermined percentage is added to the cost of a product in order to determine its price.

6. Goods produced by an industry which are further processed into finished products by another concern are called ______

7.  _________ is a systematic way of doing things.

8. __________ concept states that a product passes through a life cycle as human beings.

9.  _________ is the part of a product that gives utility or satisfaction to the consumer.

10. Organizations do NOT contribute to the present standards of living of people worldwide.

11. When a firm charges a low price on its product to gain market acceptance, it is NOT practicing penetration pricing.

12.  __________ is the capital requirement of a firm by the registrar of companies or the corporate Affair of a business.

13. _________ venture recovers a portion of its costs through sales of its goods or services.

14. __________ as the name signifies are engaged in the construction of building, canals, brides, dams, roads etc.

15. __________ is the physical nature of a product upon which competition is made.

16. The association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law is called ________

17.  A product is made up of _________ different levels.

18. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.

19. _________ is the determination of objective and the possible strategies to accomplishing it.

20. ________ is a partner who had retired from the partnership leaving his capital in the business as loan, which attracts interest varying with the profit.

21. ____ is the movement of goods through head- loaded by human porter

22. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.

23.  __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.

24. The type of venture that covers all the activities related to production and distribution of goods and services from the place of production to the final consumers with an aim to earn profit. is called _________

25. _________ refers to the merging of companies to form an organized whole

26.  _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.

27.  _________ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.

28. ________ is a kind of storeroom.

29. Which one of the following is NOT an advantage of a partnership.

30. Goods purchased in huge quantity from producers and resell to retailers is known as ____________

31. _______ is the relationship, which subsists between persons carrying on a business in common with a view of profit

32.  _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.

33. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.

34.  The full procedure for formation, registration, and filing of specific documents and returns of companies whether private or public companies in Nigeria is NOT governed by the Companies Decree No.51 of 1968.

35. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.

36.  If the goods are used for further production of wealth they are called _________

37. Goods that are meant for further production or for the routine operations of a business firms are called ____

38. Prospectus is an offer of shares to the public and must also be sent to the Registrar of Companies. True or False_____?

39. _________ is a form of business where two or more parties come together to undertake a particular business transaction for a common benefit.

40. _________ generates profits, but rather than return those profits to shareholders, like business ventures, it reinvests those profits to further the social venture and the resulting social benefits.

41. __________ function of marketing involves the buying and selling.

42. Elkington and Hartigan (2007) define ______ models for social ventures.

43. A business is a set of activities, which leads to the manufacturing of goods or_________

44. The type of partnership business where the liability of members is hot restricted to their investment. is known as ________

45. _________is the process of buying and selling of goods

46. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.

47. Where the actual cost of the product is equal to or greater than the estimated price, an adjustment could be made which is known as __________

48. _________ involves the purchase of goods from foreign countries to be sold in the home country.

49. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.

50. There are __________ different types of meeting are stated in the articles of association.