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
1 / 50
1. _______ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product
2 / 50
2. ________ is a kind of storeroom.
3 / 50
3. When a firm charges a low price on its product to gain market acceptance, it is NOT practicing penetration pricing.
4 / 50
4. Goods that are meant for further production or for the routine operations of a business firms are called ____
5 / 50
5. The purchase and sale of goods between two countries are called __________
6 / 50
6. ________ is usually engaged in the provision of intangible products which cannot be seen or felt.
7 / 50
7. Prospectus is an offer of shares to the public and must also be sent to the Registrar of Companies. True or False_____?
8 / 50
8. _________ 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.
9 / 50
9. __________ involves the coordination of human and material resources toward objective accomplishment.
10 / 50
10. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
11 / 50
11. __________ is the pricing method that calls for setting a price based on consumer perception and demand intensity of the product.
12 / 50
12. _________ 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.
13 / 50
13. _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.
14 / 50
14. The word ____ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
15 / 50
15. 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 _________
16 / 50
16. __________ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product.
17 / 50
17. Organizations do NOT contribute to the present standards of living of people worldwide.
18 / 50
18. 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 __________
19 / 50
19. _________ concept is a business philosophy which states that customer's want satisfaction is the social and economic justification for a firm's existence.
20 / 50
20. A business is a set of activities, which leads to the manufacturing of goods or provision of services to satisfy the consumers at a profit.
21 / 50
21. Shares subscription is when the general public is invited to buy_________
22 / 50
22. _________ are essentially one-time venturers who having established their autonomous enclaves, will simply act to maintain them into the indefinite future.
23 / 50
23. __________ as the name signifies are engaged in the construction of building, canals, brides, dams, roads etc.
24 / 50
24. _________ of Companies will issue a Certificate of Incorporation
25 / 50
25. The major differences between private and public companies are the number of __________ and the issuing of shares.
26 / 50
26. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.
27 / 50
27. __________ regulates the powers of the company and fixes its objects in relation to the outside world.
28 / 50
28. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
29 / 50
29. A firm could also fix a product price in order to promote its entire product-line.
30 / 50
30. A public corporation enjoys a substantial advantage over other forms of public enterprises.
31 / 50
31. __________ is concerned with adding services to the core and formal products.
32 / 50
32. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
33 / 50
33. The selling function is the very heart of marketing. True of False __________?
34 / 50
34. Anything that can be offered to the market for attention, acquisition or consumption, including physical objects, services, personalities, organizations and desires is called a____
35 / 50
35. 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.
36 / 50
36. A document that contains a model partnership agreement is called__________?
37 / 50
37. _________ refers to the merging of companies to form an organized whole
38 / 50
38. __________ 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.
39 / 50
39. Elkington and Hartigan (2007) define ______ models for social ventures.
40 / 50
40. Examples of convenience goods are bread, biscuits, pure water, newspapers, chew-gum etc. True OR False ____
41 / 50
41. A type of company managed by a board of directors is known as__________
42 / 50
42. _________ is a form of business where two or more parties come together to undertake a particular business transaction for a common benefit.
43 / 50
43. There are __________ different types of meeting are stated in the articles of association.
44 / 50
44. __________ concept states that a product passes through a life cycle as human beings.
45 / 50
45. _________ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
46 / 50
46. The process of using available resources to achieve stated organizational objective by directing and controlling the efforts of the organizational members is called _________
47 / 50
47. ______the movement of goods through the air by aircrafts
48 / 50
48. If the goods are used for further production of wealth they are called _________
49 / 50
49. _________ engaged in reproducing and multiplying certain species of animals and plants and selling them in the market for profit are named as genetic industries.
50 / 50
50. A business is a set of activities, which leads to the manufacturing of goods or_________
Restart quiz
Rate this quiz
