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. __________ is the capital requirement of a firm by the registrar of companies or the corporate Affair of a business.
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2. __________ function of marketing involves the buying and selling.
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3. _________ 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.
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4. A document that contains a model partnership agreement is called__________?
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5. The objective of promotion is described as ______
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6. _________ involves the purchase of goods from foreign countries to be sold in the home country.
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7. _________ involves pricing a product at the average level charged in the industry.
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8. Organizations do NOT contribute to the present standards of living of people worldwide.
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9. The word ____ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
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10. The major differences between private and public companies are the number of __________ and the issuing of shares.
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11. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
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12. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.
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13. A product is made up of _________ different levels.
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14. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons
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15. 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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16. The selling function is the very heart of marketing. True of False __________?
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17. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
18 / 50
18. _________ of Companies will issue a Certificate of Incorporation
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19. __________ concept states that a product passes through a life cycle as human beings.
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20. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
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21. A public corporation enjoys a substantial advantage over other forms of public enterprises.
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22. ________ is a partner who had retired from the partnership leaving his capital in the business as loan, which attracts interest varying with the profit.
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23. Commercial activities are classified as____________
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24. ____ is the organization of a firm ‘s resources to meet the needs of customers or potential customers profitably.
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25. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
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26. _________ is a systematic way of doing things.
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27. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________
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28. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.
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29. Goods that are meant for further production or for the routine operations of a business firms are called ____
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30. _________ 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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31. 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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32. An act of separating market into groupings with related consumers needs and wants so that the appropriate marketing programmes are designed for each group is called _________
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33. __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.
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34. Examples of convenience goods are bread, biscuits, pure water, newspapers, chew-gum etc. True OR False ____
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35. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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36. _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.
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37. A type of company managed by a board of directors is known as__________
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38. __________ involves the coordination of human and material resources toward objective accomplishment.
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39. _________ 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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40. ________ may be structured in many forms, including sole proprietors, for-profit and not-for-profit firms, non-governmental organizations, youth groups, community organizations, and more.
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41. Goods produced by an industry which are further processed into finished products by another concern are called ______
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42. __________ is when the general public is invited to buy shares.
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43. _________ 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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44. The type of partnership business where the liability of members is hot restricted to their investment. is known as ________
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45. __________ regulates the powers of the company and fixes its objects in relation to the outside world.
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46. ____ refers to the process of leading and influencing the task-related activities of members of the organization.
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47. The four specific functions of managers are planning, organizing, directing and __________
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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. ______the movement of goods through the air by aircrafts
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50. 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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