ENT202

1. The process of using available resources to achieve stated organizational objective by directing and controlling the efforts of the organizational members is called _________

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

3. Private companies have minimum of two and a maximum of _____ persons

4. ________ is a kind of storeroom.

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

6. __________ is concerned with adding services to the core and formal products.

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

8. __________ concept states that a product passes through a life cycle as human beings.

9. The type of partnership business where the liability of members is hot restricted to their investment. is known as ________

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

11. _________ of Companies will issue a Certificate of Incorporation

12. __________ 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.

13. __________ help in carrying goods from the places of production to centers of utilization e.g. Railways, ships, airlines etc.

14. _________ is a form of business where two or more parties come together to undertake a particular business transaction for a common benefit.

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

16.  _________ is a systematic way of doing things.

17. A document that contains a model partnership agreement is called__________?

18. __________ is the movement and handling of goods from the point of production to the point of consumption.

19.  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.

20. The four specific functions of managers are planning, organizing, directing and __________

21. _________ 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.

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

23. _________ technique of pricing views the pricing of a product on the buyer�??s perception of the product value.

24.  A _______ partner who does not take part in the management of the business but has an invested capital in the business.

25. The selling function is the very heart of marketing. True of False __________?

26. Goods produced by an industry which are further processed into finished products by another concern are called ______

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

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

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

30. __________ is the pricing method that calls for setting a price based on consumer perception and demand intensity of the product.

31. _________ refers to the merging of companies to form an organized whole

32. Distribution is the movement and handling of goods from the point of production to the point of consumption. True/False

33. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.

34. Publicity is a non-paid commercially significant news or editorial comments about ideas, product or institution.

35. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.

36. ____ is the movement of goods through head- loaded by human porter

37. _________ 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.

38. 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.

39. _________ defined as the relationship, which subsists between persons carrying on a business in common with a view of profit.

40. Examples of convenience goods are bread, biscuits, pure water, newspapers, chew-gum etc. True OR False ____

41. Purchase of goods from foreign countries to be sold in the home country is called _______

42. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc

43.  __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.

44. _________ 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.

45.  _________ is the part of a product that gives utility or satisfaction to the consumer.

46. _________ concept is a business philosophy which states that customer's want satisfaction is the social and economic justification for a firm's existence.

47. The major differences between private and public companies are the number of __________ and the issuing of shares.

48. __________ is especially committed to continual elaboration of his enterprise, but this requires maintenance of the structural foundations as well.

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

50. _________ involves pricing a product at the average level charged in the industry.