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
1 / 50
1. 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.
2 / 50
2. Which one of the following is NOT an advantage of a partnership.
3 / 50
3. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
4 / 50
4. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons
5 / 50
5. Organizations do NOT contribute to the present standards of living of people worldwide.
6 / 50
6. In case the goods produced by an industry are further processed into finished products by another concern they are known as _________
7 / 50
7. ____is concerned with adding services to the core and formal products.
8 / 50
8. ______ 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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9. Where the actual cost of the product is equal to or greater than the estimated price, an adjustment could be made which is known as __________
10 / 50
10. _________ involves the purchase of local goods to be sold in foreign countries.
11 / 50
11. _________ is the part of a product that gives utility or satisfaction to the consumer.
12 / 50
12. A _______ partner who does not take part in the management of the business but has an invested capital in the business.
13 / 50
13. _________ is the pricing method whereby a predetermined percentage is added to the cost of a product in order to determine its price.
14 / 50
14. ________ 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.
15 / 50
15. __________ is concerned with adding services to the core and formal products.
16 / 50
16. _________ 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.
17 / 50
17. Interactive process between a seller and a potential buyer for exchange transaction of goods and services ___________
18 / 50
18. The type of partnership business where the liability of members is hot restricted to their investment. is known as ________
19 / 50
19. 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 _________
20 / 50
20. __________ venture the entrepreneur uses external partners for financial support in providing a public good.
21 / 50
21. __________ is the capital requirement of a firm by the registrar of companies or the corporate Affair of a business.
22 / 50
22. When a firm charges a low price on its product to gain market acceptance, it is NOT practicing penetration pricing.
23 / 50
23. __________ are those which are concerned of converting raw material or semi finished products into finished products. E.g. Shoes Company, Textiles Mills.
24 / 50
24. A business is a set of activities, which leads to the manufacturing of goods or provision of services to satisfy the consumers at a profit.
25 / 50
25. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.
26 / 50
26. _________ is a systematic way of doing things.
27 / 50
27. __________ as the name signifies are engaged in the construction of building, canals, brides, dams, roads etc.
28 / 50
28. __________ 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.
29 / 50
29. _________ 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.
30 / 50
30. _________ venture recovers a portion of its costs through sales of its goods or services.
31 / 50
31. A business is a set of activities, which leads to the manufacturing of goods or_________
32 / 50
32. __________ concept states that a product passes through a life cycle as human beings.
33 / 50
33. ________ is a partner who had retired from the partnership leaving his capital in the business as loan, which attracts interest varying with the profit.
34 / 50
34. ________ is usually engaged in the provision of intangible products which cannot be seen or felt.
35 / 50
35. _______ is the relationship, which subsists between persons carrying on a business in common with a view of profit
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36. __________ are those that are offered to enhance the activities of industrial and commercial sectors.
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37. _________ business is the type of business organization that is formed without any formal authority from an existing government.
38 / 50
38. __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.
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39. _________ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
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40. Shell Petroleum Development Company and the Nigerian Government is an example of _______
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41. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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42. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.
43 / 50
43. _________ refers to the merging of companies to form an organized whole
44 / 50
44. The risk of damage of goods due to fire, flood, earthquake or other causes us covered by _________
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45. Marketing functions can be divided into exchange functions, facilitating functions, and _________
46 / 50
46. The balance of share capital that is yet to be paid by a subscriber which was voluntarily made so by the firm is called_________
47 / 50
47. Purchase of goods from foreign countries to be sold in the home country is called _______
48 / 50
48. The selling function is the very heart of marketing. True of False __________?
49 / 50
49. Anything that can be offered to the market for attention, acquisition or consumption, including physical objects, services, personalities, organizations and desires is called a____
50 / 50
50. A document that contains a model partnership agreement is called__________?
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