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. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
2 / 50
2. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.
3 / 50
3. _________ involves the purchase of local goods to be sold in foreign countries.
4 / 50
4. _________ venture recovers a portion of its costs through sales of its goods or services.
5 / 50
5. Goods produced by an industry which are further processed into finished products by another concern are called ______
6 / 50
6. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.
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7. _________ 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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8. _________ is the process of stimulating and increasing sales through market awareness and customer service.
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9. _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.
10 / 50
10. ____ is the organization of a firm ‘s resources to meet the needs of customers or potential customers profitably.
11 / 50
11. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
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12. ____is concerned with adding services to the core and formal products.
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13. __________ is the movement and handling of goods from the point of production to the point of consumption.
14 / 50
14. __________ are those that are offered to enhance the activities of industrial and commercial sectors.
15 / 50
15. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.
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16. A product is made up of _________ different levels.
17 / 50
17. Organizations do NOT contribute to the present standards of living of people worldwide.
18 / 50
18. _________ business is the type of business organization that is formed without any formal authority from an existing government.
19 / 50
19. ____ is the movement of goods through head- loaded by human porter
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20. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.
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21. 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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22. A _________ business includes sole proprietorship and partnership.
23 / 50
23. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.
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24. Anything that can be offered to the market for attention, acquisition or consumption, including physical objects, services, personalities, organizations and desires is called a____
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25. Shell Petroleum Development Company and the Nigerian Government is an example of _______
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26. _________ of Companies will issue a Certificate of Incorporation
27 / 50
27. The type of partnership business where the liability of members is hot restricted to their investment. is known as ________
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28. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
29 / 50
29. __________ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product.
30 / 50
30. 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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31. 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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32. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________
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33. __________ is concerned with adding services to the core and formal products.
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34. _________ involves the purchase of goods from foreign countries to be sold in the home country.
35 / 50
35. _________ is the pricing method whereby a predetermined percentage is added to the cost of a product in order to determine its price.
36 / 50
36. Which one of the following is NOT an advantage of a partnership.
37 / 50
37. __________ is especially committed to continual elaboration of his enterprise, but this requires maintenance of the structural foundations as well.
38 / 50
38. Shares subscription is when the general public is invited to buy_________
39 / 50
39. _______ is the relationship, which subsists between persons carrying on a business in common with a view of profit
40 / 50
40. Examples of convenience goods are bread, biscuits, pure water, newspapers, chew-gum etc. True OR False ____
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41. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
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42. The memorandum of Association regulates the powers of the company and fixes its objects in relation to the outside world. True or False____?
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43. __________ is the capital requirement of a firm by the registrar of companies or the corporate Affair of a business.
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44. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
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45. If the goods are used for further production of wealth they are called _________
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46. _________ business that is formed and owned, by one man and members of his immediate family.
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47. Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).
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48. A firm could also fix a product price in order to promote its entire product-line.
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49. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
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50. 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 _________
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