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. _________ can be defined as a non- personal paid form of sales presentation through various media by an identified sponsor.
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2. In case the goods produced by an industry are further processed into finished products by another concern they are known as _________
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3. __________ is the technique of pricing based on the manufacturing cost and the allocated operation overheads of the product.
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4. _________ 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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5. __________ is the movement and handling of goods from the point of production to the point of consumption.
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6. _________ 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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7. The objective of promotion is described as ______
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8. __________ has a relatively short attention span and a chronic need to explore new avenues of experience.
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9. _________ involves the purchase of goods from foreign countries to be sold in the home country.
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10. ________ 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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11. _________ is the part of a product that gives utility or satisfaction to the consumer.
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12. 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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13. Distribution is the movement and handling of goods from the point of production to the point of consumption. True/False
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14. Shell Petroleum Development Company and the Nigerian Government is an example of _______
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15. The risk of damage of goods due to fire, flood, earthquake or other causes us covered by _________
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16. A type of company managed by a board of directors is known as__________
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17. The selling function is the very heart of marketing. True of False __________?
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18. __________ is the determination of objective and the possible strategies to accomplishing it.
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19. Which one of the following is NOT a Long-term character of a venture?
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20. __________ function of marketing involves the buying and selling.
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21. A firm could also fix a product price in order to promote its entire product-line.
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22. __________ is especially committed to continual elaboration of his enterprise, but this requires maintenance of the structural foundations as well.
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23. _________ refers to the merging of companies to form an organized whole
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24. Goods that are meant for further production or for the routine operations of a business firms are called ____
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25. The process of purchase of goods in huge quantity from producers and their resale to retailers is known as _________
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26. 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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27. __________ is when the general public is invited to buy shares.
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28. ________ 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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29. Partnership is a form of business owned by a minimum of two and a maximum of _______ persons
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30. ____ is the movement of goods through head- loaded by human porter
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31. ___________ is an offer of shares to the public, and must also be sent to the Registrar of Companies.
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32. _________ are those industries which extract, raise or fabricate raw materials from above or beneath surface of the earth.
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33. 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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34. A public corporation enjoys a substantial advantage over other forms of public enterprises.
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35. A _______ partner who does not take part in the management of the business but has an invested capital in the business.
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36. __________ 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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37. __________ is the capital requirement of a firm by the registrar of companies or the corporate Affair of a business.
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38. _________ are sent to the Registrar of companies at the same time with the; Memorandum of Association.
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39. __________ regulates the powers of the company and fixes its objects in relation to the outside world.
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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. __________ is the pricing method that calls for setting a price based on consumer perception and demand intensity of the product.
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42. __________ involves the coordination of human and material resources toward objective accomplishment.
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43. Which one of the following is NOT an advantage of a partnership.
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44. 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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45. Which one of the following is NOT a social venture as defined by Elkington and Hartigan (2007).
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46. _________ is a systematic way of doing things.
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47. ____ refers to the process of leading and influencing the task-related activities of members of the organization.
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48. ____ is the organization of a firm ‘s resources to meet the needs of customers or potential customers profitably.
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49. _________ is the process of stimulating and increasing sales through market awareness and customer service.
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50. Marketing functions can be divided into exchange functions, facilitating functions, and _________
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