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. A type of company managed by a board of directors is known as__________
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2. __________ is the pricing method that calls for setting a price based on consumer perception and demand intensity of the product.
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3. __________ 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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4. _________ of Companies will issue a Certificate of Incorporation
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5. ________ 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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6. Shares subscription is when the general public is invited to buy_________
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7. __________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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8. _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.
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9. __________ are stored in safe places and are released as and when demanded in the market.
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10. 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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11. _________ is the part of a product that gives utility or satisfaction to the consumer.
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12. ________ 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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13. Which one of the following is NOT a disadvantage of a partnership.
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14. _________ 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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15. _________ is the pricing method whereby a predetermined percentage is added to the cost of a product in order to determine its price.
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16. __________ is the amount of capital a firm can issue might not necessarily be the value of shares issued.
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17. _________ business that is formed and owned, by one man and members of his immediate family.
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18. Commercial activities are classified as____________
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19. __________ 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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20. _________ is the least predictable of entrepreneurial types in terms of his long-term commitment to venture.
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21. _________ are those industries which extract, raise or fabricate raw materials from above or beneath surface of the earth.
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22. __________ involves the coordination of human and material resources toward objective accomplishment.
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23. Prospectus is an offer of shares to the public and must also be sent to the Registrar of Companies. True or False_____?
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24. _____ 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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25. The word ____ refers to that part of business activities which is apprehensive with the extraction, production or fabrication of products.
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26. _________ 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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27. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
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28. _______are samples, coupons, push money, discount, specialties, competition, exhibition etc
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29. _______ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product
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30. __________ is the movement and handling of goods from the point of production to the point of consumption.
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31. __________ is when the general public is invited to buy shares.
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32. The risk of damage of goods due to fire, flood, earthquake or other causes us covered by _________
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33. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.
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34. _________ business is the type of business organization that is formed without any formal authority from an existing government.
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35. 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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36. A document that contains a model partnership agreement is called__________?
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37. Shell Petroleum Development Company and the Nigerian Government is an example of _______
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38. If the goods are used for further production of wealth they are called _________
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39. 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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40. _________ 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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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. A business is a set of activities, which leads to the manufacturing of goods or_________
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43. 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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44. A product is made up of _________ different levels.
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45. _________ is 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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46. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
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47. ________ is a partner who has an invested capital in the business and participates actively in running the affairs of the business.
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48. Mark-up pricing is commonly used by manufacturers, wholesalers and retailers True/False?
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49. ________ is usually engaged in the provision of intangible products which cannot be seen or felt.
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50. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons
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