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. The selling function is the very heart of marketing. True of False __________?
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2. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
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3. ________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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4. __________ as the name signifies are engaged in the construction of building, canals, brides, dams, roads etc.
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5. 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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6. A product is made up of _________ different levels.
7 / 50
7. Shell Petroleum Development Company and the Nigerian Government is an example of _______
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8. _______ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product
9 / 50
9. The association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law is called ________
10 / 50
10. Which one of the following is NOT a disadvantage of a partnership.
11 / 50
11. _________ concept is a business philosophy which states that customer's want satisfaction is the social and economic justification for a firm's existence.
12 / 50
12. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc
13 / 50
13. ________ is a partner who has an invested capital in the business and participates actively in running the affairs of the business.
14 / 50
14. _________ refers to the merging of companies to form an organized whole
15 / 50
15. Purchase of goods from foreign countries to be sold in the home country is called _______
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16. _________ is the process of stimulating and increasing sales through market awareness and customer service.
17 / 50
17. _________ is a partner who has no invested capital in the business and is not involved in its management but lends his either as a result of his goodwill or public image.
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18. __________ function of marketing involves the buying and selling.
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19. ____is concerned with adding services to the core and formal products.
20 / 50
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 / 50
21. __________ concept states that a product passes through a life cycle as human beings.
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22. __________ regulates the powers of the company and fixes its objects in relation to the outside world.
23 / 50
23. Commercial activities are classified as____________
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24. The type of partnership business where the liability of members is hot restricted to their investment. is known as ________
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25. The process of using available resources to achieve stated organizational objective by directing and controlling the efforts of the organizational members is called _________
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26. ____ refers to the process of leading and influencing the task-related activities of members of the organization.
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27. The purchase of goods or services from the wholesalers and selling in small quantity to the ultimate consumers is known as ________
28 / 50
28. __________ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product.
29 / 50
29. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.
30 / 50
30. Goods purchased in huge quantity from producers and resell to retailers is known as ____________
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31. __________ is the type of partnership in which the liabilities of the partners are restricted to the business .assets in case the business fails in a welter of indebtedness.
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32. Elkington and Hartigan (2007) define ______ models for social ventures.
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33. A type of company managed by a board of directors is known as__________
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34. __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.
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35. _________ 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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36. _________ is a systematic way of doing things.
37 / 50
37. The four specific functions of managers are planning, organizing, directing and __________
38 / 50
38. ______the movement of goods through the air by aircrafts
39 / 50
39. _________ are those industries which extract, raise or fabricate raw materials from above or beneath surface of the earth.
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40. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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41. _________ 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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42. __________ is the physical nature of a product upon which competition is made.
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43. ____ is the organization of a firm ‘s resources to meet the needs of customers or potential customers profitably.
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44. The purchase and sale of goods between two countries are called __________
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45. _________ business that is formed and owned, by one man and members of his immediate family.
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46. Organizations do NOT contribute to the present standards of living of people worldwide.
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47. 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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48. ________ is a kind of storeroom.
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49. _________ is a form of business where two or more parties come together to undertake a particular business transaction for a common benefit.
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50. __________ is the pricing method that calls for setting a price based on consumer perception and demand intensity of the product.
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