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 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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2. __________ regulates the powers of the company and fixes its objects in relation to the outside world.
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3. Private companies have minimum of two and a maximum of _____ persons
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4. __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.
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5. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
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6. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
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7. _________is the process of buying and selling of goods
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8. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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9. Which one of the following is NOT a Long-term character of a venture?
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10. The word ____ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
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11. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.
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12. 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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13. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.
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14. ____ 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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15. _________ is the determination of objective and the possible strategies to accomplishing it.
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16. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc
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17. The major differences between private and public companies are the number of __________ and the issuing of shares.
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18. _________ refers to the merging of companies to form an organized whole
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19. _________ is when a firm initially charges a high price on a product and thereafter brings the price low to accommodate the price elastic segments of the market.
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20. The purchase and sale of goods between two countries are called __________
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21. Purchase of goods from foreign countries to be sold in the home country is called _______
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22. 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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23. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons
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24. __________ function of marketing involves the buying and selling.
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25. Which one of the following is NOT an advantage of a partnership.
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26. __________ are those which are concerned of converting raw material or semi finished products into finished products. E.g. Shoes Company, Textiles Mills.
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27. __________ is the physical nature of a product upon which competition is made.
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28. _________ concept is a business philosophy which states that customer's want satisfaction is the social and economic justification for a firm's existence.
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29. __________ is when the general public is invited to buy shares.
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30. 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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31. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
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32. 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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33. Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).
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34. The risk of damage of goods due to fire, flood, earthquake or other causes us covered by _________
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35. Goods purchased in huge quantity from producers and resell to retailers is known as ____________
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36. ________ is a kind of storeroom.
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37. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
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38. _________ technique of pricing views the pricing of a product on the buyer�??s perception of the product value.
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39. __________ is concerned with adding services to the core and formal products.
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40. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.
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41. _________ involves the purchase of goods from foreign countries to be sold in the home country.
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42. _______ is the relationship, which subsists between persons carrying on a business in common with a view of profit
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43. _________ is the process of leading and influencing the task-related activities of members of the organization.
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44. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
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45. _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.
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46. __________ involves the coordination of human and material resources toward objective accomplishment.
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47. __________ as the name signifies are engaged in the construction of building, canals, brides, dams, roads etc.
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48. _________ 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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49. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.
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50. Which one of the following is NOT a disadvantage of a partnership.
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