ENT202




Category: ENT202

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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.  Which one of the following is NOT a Long-term character of a venture?

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2.  _________ 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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3. __________ is concerned with adding services to the core and formal products.

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4. _________ is the determination of objective and the possible strategies to accomplishing it.

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5. _______ is the relationship, which subsists between persons carrying on a business in common with a view of profit

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6. _________ is the process of leading and influencing the task-related activities of members of the organization.

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7. __________ are those that are offered to enhance the activities of industrial and commercial sectors.

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8. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.

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9. ____is concerned with adding services to the core and formal products.

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10.  _________ are those industries which extract, raise or fabricate raw materials from above or beneath surface of the earth.

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11. 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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12. ______the movement of goods through the air by aircrafts

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13. _________ are essentially one-time venturers who having established their autonomous enclaves, will simply act to maintain them into the indefinite future.

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14. When a firm charges a low price on its product to gain market acceptance, it is NOT practicing penetration pricing.

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15. _________ involves a liaison between existing private and public organizations each of which is able to contribute highly specialized services or facilities to the common enterprise, which is usually of major industrial significance.

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16.  _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.

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17. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________

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18.  _________ is the process of stimulating and increasing sales through market awareness and customer service.

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19. __________ venture the entrepreneur uses external partners for financial support in providing a public good.

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20. __________ is when the general public is invited to buy shares.

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21. __________ 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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22. Private companies have minimum of two and a maximum of _____ persons

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23. _________is an association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law.

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24.  _________ business is the type of business organization that is formed without any formal authority from an existing government.

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25. The association of individuals, artificial being, invisible, intangible and only existing in the contemplation of law is called ________

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26. ________ 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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27. __________ 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.

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28. 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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29.  _________ is a systematic way of doing things.

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30. _________ venture recovers a portion of its costs through sales of its goods or services.

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31. __________ involves the coordination of human and material resources toward objective accomplishment.

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32. A type of company managed by a board of directors is known as__________

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33. _____ is a set of activities, which leads to the manufacturing of goods or provision of services to satisfy the consumers at a profit

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34. ______ 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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35. ____ is the movement of goods through head- loaded by human porter

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36. Goods that are meant for further production or for the routine operations of a business firms are called ____

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37. __________ as the name signifies are engaged in the construction of building, canals, brides, dams, roads etc.

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38.  A firm could also fix a product price in order to promote its entire product-line.

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39. Elkington and Hartigan (2007) define ______ models for social ventures.

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40. _________ engaged in reproducing and multiplying certain species of animals and plants and selling them in the market for profit are named as genetic industries.

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41. 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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42. Commercial activities are classified as____________

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43. __________ is the physical nature of a product upon which competition is made.

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44.  _________ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.

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45. __________ function of marketing involves the buying and selling.

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46. ____ is the organization of a firm ‘s resources to meet the needs of customers or potential customers profitably.

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47. 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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48. _________ of Companies will issue a Certificate of Incorporation

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49.  _________ venturers tend to be loosely committed to particular ventures but dedicated to enterprising as an ongoing activity.

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50. _________ involves the purchase of goods from foreign countries to be sold in the home country.

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