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. There are __________ different types of meeting are stated in the articles of association.
2 / 50
2. __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.
3 / 50
3. _________ is a form of business where two or more parties come together to undertake a particular business transaction for a common benefit.
4 / 50
4. _________ engaged in reproducing and multiplying certain species of animals and plants and selling them in the market for profit are named as genetic industries.
5 / 50
5. The four specific functions of managers are planning, organizing, directing and __________
6 / 50
6. _________ is a systematic way of doing things.
7 / 50
7. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons
8 / 50
8. 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.
9 / 50
9. _________ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
10 / 50
10. Which one of the following is NOT a disadvantage of a partnership.
11 / 50
11. A document that contains a model partnership agreement is called__________?
12 / 50
12. The memorandum of Association regulates the powers of the company and fixes its objects in relation to the outside world. True or False____?
13 / 50
13. _________ concept is a business philosophy which states that customer's want satisfaction is the social and economic justification for a firm's existence.
14 / 50
14. __________ is the pricing method that calls for setting a price based on consumer perception and demand intensity of the product.
15 / 50
15. _________ generates profits, but rather than return those profits to shareholders, like business ventures, it reinvests those profits to further the social venture and the resulting social benefits.
16 / 50
16. _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.
17 / 50
17. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
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18. _________ involves pricing a product at the average level charged in the industry.
19 / 50
19. A _______ partner who does not take part in the management of the business but has an invested capital in the business.
20 / 50
20. __________ is when the general public is invited to buy shares.
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21. A type of company managed by a board of directors is known as__________
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22. Shares subscription is when the general public is invited to buy_________
23 / 50
23. __________ is the capital requirement of a firm by the registrar of companies or the corporate Affair of a business.
24 / 50
24. Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).
25 / 50
25. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.
26 / 50
26. __________ concept states that a product passes through a life cycle as human beings.
27 / 50
27. Commercial activities are classified as____________
28 / 50
28. _________ refers to the merging of companies to form an organized whole
29 / 50
29. __________ is the determination of objective and the possible strategies to accomplishing it.
30 / 50
30. A _________ business includes sole proprietorship and partnership.
31 / 50
31. _________ is the part of a product that gives utility or satisfaction to the consumer.
32 / 50
32. __________ regulates the powers of the company and fixes its objects in relation to the outside world.
33 / 50
33. _________ technique of pricing views the pricing of a product on the buyer�??s perception of the product value.
34 / 50
34. _________ of Companies will issue a Certificate of Incorporation
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35. _________ 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.
36 / 50
36. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
37 / 50
37. _________ is the determination of objective and the possible strategies to accomplishing it.
38 / 50
38. Goods purchased in huge quantity from producers and resell to retailers is known as ____________
39 / 50
39. __________ are those that are offered to enhance the activities of industrial and commercial sectors.
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40. _________ 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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41. ____ 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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42. Goods produced by an industry which are further processed into finished products by another concern are called ______
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43. The objective of promotion is described as ______
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44. __________ as the name signifies are engaged in the construction of building, canals, brides, dams, roads etc.
45 / 50
45. Elkington and Hartigan (2007) define ______ models for social ventures.
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46. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
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47. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.
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48. _________ is the process of leading and influencing the task-related activities of members of the organization.
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49. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
50 / 50
50. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.
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