Take your time to read instructions before taking this test.

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

If you can get at least 60%, you can be rest assured that you’ll ace BUS 201 exam

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

Note

Do not be in a hurry to answer the questions

Do not waste time on a question you don’t know

Move as fast as possible and starting with questions that don’t have calculation first to save time

Always crosscheck

Don’t be in a hurry to submit, you are not in a competition

Don’t be scared. Getting an A is easy

Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book

Please do well to use our comment box incase there’s a message you want to pass to us

70 – 100 A

60 – 69 B

50 – 59 C

45 – 49 D

40 – 44 E

0 – 39 F

I wish you success

Join The General 200 Level Group

https://chat.whatsapp.com/CR3L5APyRwoJw9MEjO9o1m

Join Undergragra Campus Update Channel

Whatsapp: https://whatsapp.com/channel/0029VakX28dFi8xdORrhjI34

Telegram: https://t.me/ugchannel

I remain your favorite education blogger

❤️ Undergragra

BUS 201

1 / 42

1. Functional structure may lead to:

A. Better inter-departmental coordination

B. Unclear authority lines

C. Simplified operations

D. Increased redundancy

2 / 42

2. Joint stock companies ensure:

A. Quick decisions

B. Low government control

C. Easy formation

D. Perpetual succession

3 / 42

3. A characteristic of the business format franchise model is:

A. Exclusive territorial rights

B. Ownership of the product by franchise

C. Use of trade name and systems

D. Absence of royalties

4 / 42

4. Functional structure in organizations emphasizes:

A. Autonomous units

B. Matrix management

C. Team-based projects

D. Separate departments for tasks

5 / 42

5. Franchises often charge:

A. Training expenses upfront

B. Monthly marketing fees

C. No fees for advertising

D. Licensing fees for legal advice

6 / 42

6. Franchising is ideal for:

A. Avoiding training costs

B. Independent branding

C. Selling diverse brands

D. Rapid market entry

7 / 42

7. A registered agent in an LLC is responsible for:

A. Operating the business

B. Resolving disputes

C. Legal representation

D. Deciding member roles

8 / 42

8. The scope of growth in a joint stock company is:

A. Immense

B. Minimal

C. Limited by geography

D. Tied to sole ownership

9 / 42

9. Articles of Organization for an LLC include:

A. Company name and address

B. Employee salary structures

C. Operational agreement details

D. Partner selection criteria

10 / 42

10. Joint stock companies ensure:

A. Low government control

B. Easy formation

C. Quick decisions

D. Perpetual succession

11 / 42

11. A divisional structure may result in:

A. Centralized decision-making

B. Duplication of resources

C. Clear authority lines

D. Cost-saving synergies

12 / 42

12. An advantage of franchising for the franchisor is:

A. Elimination of training costs

B. Direct local engagement

C. Full operational control

D. Rapid brand expansion

13 / 42

13. Sole proprietorship is characterized by:

A. Single ownership

B. Government control

C. Multiple ownership

D. Limited liability

14 / 42

14. The dissolution of an LLC may occur due to:

A. Tax savings

B. Market expansion

C. Partner disputes

D. Annual profits

15 / 42

15. Unlimited liability applies to:

A. LLC members

B. Sole proprietors

C. Shareholders in corporations

D. Franchisors

16 / 42

16. The relationship between functions and structure in an organization is:

A. Irrelevant

B. Based on hierarchy

C. Defined by marketing efforts

D. Optional

17 / 42

17. Business operations converting resources into services are overseen by:

A. General managers

B. Financial managers

C. Marketing executives

D. Operations managers

18 / 42

18. Partnership registration:

A. Is compulsory

B. Includes public listing

C. Avoids certain legal disabilities

D. Requires a court order

19 / 42

19. Franchising involves:

A. No contractual obligations

B. Ownership of the franchisee's property

C. Licensing only the trade name

D. Both branding and operating systems

20 / 42

20. The matrix structure enhances:

A. Exclusive departmental work

B. Flexibility in operations

C. Rigid decision-making

D. Centralized control

21 / 42

21. Maximum number of partners in a non-banking partnership is:

A. 20

B. 50

C. Unlimited

D. 10

22 / 42

22. Modern business environments emphasize:

A. Reduced technological impact

B. Buyer-oriented markets

C. Fixed competition

D. Supplier dominance

23 / 42

23. The life of a sole proprietorship is dependent on:

A. Owner's life

B. Customer loyalty

C. Market demand

D. Capital investmentCapital investment

24 / 42

24. Key responsibilities of finance managers include:

A. Developing marketing strategies

B. Planning for funds

C. Managing customer relationships

D. Designing production processes

25 / 42

25. Franchisees benefit from:

A. Independent advertising

B. Guaranteed profit margins

C. Established branding

D. Autonomous product design

26 / 42

26. A major advantage of a Limited Liability Company (LLC) is:

A. Limited personal liability

B. IPO issuance

C. Mandatory shareholder meetings

D. Perpetuity

27 / 42

27. A key feature of a partnership deed is:

A. Allocation of duties among partners

B. Public disclosure

C. Government approval

D. Limited liability clause

28 / 42

28. One major disadvantage of a sole proprietorship is:

A. Limited funds

B. High secrecy

C. Quick decisions

D. Government regulation

29 / 42

29. Disputes in a partnership are typically resolved using:

A. Partner resignation

B. Government intervention

C. Arbitration clauses

D. Court trials

30 / 42

30. LLCs differ from corporations in:

A. Offering no liability protection

B. Having fewer tax benefits

C. Enforcing stricter regulations

D. Allowing pass-through taxation

31 / 42

31. Joint Stock Companies are suited for:

A. Small retail businesses

B. Large-scale operations

C. Short-term ventures

D. Seasonal operations

32 / 42

32. In partnerships, changes in partner roles require:

A. Public announcement

B. Government approval

C. Unilateral decision

D. Unanimous consent

33 / 42

33. A sole proprietorship is not subject to:

A. Government control

B. Personal involvement

C. Unlimited liability

D. Market risks

34 / 42

34. In a matrix structure, employees are:

A. Confined to one function

B. Exclusively departmentalized

C. Assigned across projects

D. Centralized in decision-making

35 / 42

35. Unlimited liability discourages proprietors from:

A. Using home-based offices

B. Maintaining secrecy

C. Establishing contact with customers

D. Expanding businesses

36 / 42

36. In a company, shareholders' liability is:

A. Unlimited

B. Shared equally

C. Defined by income

D. Limited to investment

37 / 42

37. In a general partnership:

A. Liability is limited to investment

B. All partners are equally liable

C. Only one partner is liable for debts

D. Registration is mandatory

38 / 42

38. In a company, shareholders' liability is:

A. Limited to investment

B. Shared equally

C. Unlimited

D. Defined by income

39 / 42

39. Business format franchising primarily includes:

A. Operational and marketing support

B. Trade name and product rights

C. Product exclusivity

D. Franchisee ownership of production

40 / 42

40. Which is true about partnerships in the absence of a written agreement?

A. They must be registered first

B. They require notarization

C. Verbal agreements are sufficient

D. They cannot exist

41 / 42

41. An advantage of partnerships over sole proprietorships is:

A. Simpler management

B. Full control by one individual

C. Larger financial resources

D. Minimal legal formalities

42 / 42

42. The primary focus of marketing is:

A. Inventory management

B. Product manufacturing

C. Customer needs

D. Tax compliance

Your score is

The average score is 42%

BUS 201 CBT PRACTICE

Office Hours

Related posts:

Office Hours

Stay In Touch