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!
ENT202
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1. _________ involves the purchase of goods from foreign countries to be sold in the home country.
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2. ____ is the movement of goods through head- loaded by human porter
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3. The word ____ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
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4. __________ is the pricing method that calls for setting a price based on consumer perception and demand intensity of the product.
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5. _________ engaged in reproducing and multiplying certain species of animals and plants and selling them in the market for profit are named as genetic industries.
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6. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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7. Goods that are meant for further production or for the routine operations of a business firms are called ____
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8. A product is made up of _________ different levels.
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9. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________
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10. _________ is the determination of objective and the possible strategies to accomplishing it.
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11. ________ is a kind of storeroom.
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12. Which one of the following is NOT a Long-term character of a venture?
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13. __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.
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14. An act of separating market into groupings with related consumers needs and wants so that the appropriate marketing programmes are designed for each group is called _________
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15. Prospectus is an offer of shares to the public and must also be sent to the Registrar of Companies. True or False_____?
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16. A _______ partner who does not take part in the management of the business but has an invested capital in the business.
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17. There are __________ different types of meeting are stated in the articles of association.
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18. In case the goods produced by an industry are further processed into finished products by another concern they are known as _________
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19. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
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20. ______ is the process of arranging and all locating work, authority, and resources among an organization ‘s members so they can achieve the organization ‘s goals.
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21. _________ is a systematic way of doing things.
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22. A type of company managed by a board of directors is known as__________
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23. _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.
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24. ________ is a partner who has an invested capital in the business and participates actively in running the affairs of the business.
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25. __________ is the movement and handling of goods from the point of production to the point of consumption.
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26. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
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27. ________ is a partner who had retired from the partnership leaving his capital in the business as loan, which attracts interest varying with the profit.
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28. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc
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29. Shares subscription is when the general public is invited to buy_________
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30. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.
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31. __________ has a relatively short attention span and a chronic need to explore new avenues of experience.
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32. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
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33. A _________ business includes sole proprietorship and partnership.
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34. The purchase of goods or services from the wholesalers and selling in small quantity to the ultimate consumers is known as ________
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35. 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 __________
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36. Goods produced by an industry which are further processed into finished products by another concern are called ______
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37. _________ refers to the merging of companies to form an organized whole
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38. 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.
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39. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.
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40. ____ refers to the process of leading and influencing the task-related activities of members of the organization.
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41. __________ concept states that a product passes through a life cycle as human beings.
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42. _________ of Companies will issue a Certificate of Incorporation
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43. _________ business is the type of business organization that is formed without any formal authority from an existing government.
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44. _______ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product
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45. Purchase of goods from foreign countries to be sold in the home country is called _______
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46. _________ is the part of a product that gives utility or satisfaction to the consumer.
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47. Organizations do NOT contribute to the present standards of living of people worldwide.
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48. _____ is a set of activities, which leads to the manufacturing of goods or provision of services to satisfy the consumers at a profit
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49. _________ is a pricing strategy whereby a high price is set on a product in order to enhance the quality or image of the product-line.
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50. If the goods are used for further production of wealth they are called _________
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