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 208 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

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BUS 208

1 / 43

1. Stamp duties and capital gains tax are triggered by

A. Changes in climate laws

B. Document processing and asset transfers

C. Importing medical equipment

D. Hiring foreign staff

2 / 43

2. Labor disputes in Nigeria fall under the jurisdiction of

A. Supreme Court

B. National Industrial Court

C. National Assembly

D. Economic Tribunal

3 / 43

3. Public-private partnerships are used to

A. Avoid compliance audits

B. Nationalize industries

C. Drive economic development and infrastructure growth

D. Enforce trade bans

4 / 43

4. Company size most directly impacts

A. Investor trust

B. Branding strategies

C. Economies of scale and agility

D. Outsourcing frequency

5 / 43

5. Regulatory environments influence businesses by

A. Altering employee skills

B. Determining staffing levels

C. Setting compliance obligations

D. Controlling geographic location

6 / 43

6. A competitive market supported by regulation prevents

A. Fake imports

B. Consumer price reduction

C. Investor trust

D. Monopolies and unfair dominance

7 / 43

7. Manipulating financial records

A. Disclosing environmental and social performance

B. Hiding operational data

C. Avoiding stakeholder engagement

D. Manipulating financial records

8 / 43

8. Intellectual property rights begin upon

A. Expiry of trade license

B. Successful registration

C. Filing court case

D. Completion of publication

9 / 43

9. The Employee Compensation Act mandates

A. Retirement planning

B. End-of-year bonuses

C. Fuel subsidies

D. Employer-paid injury compensation

10 / 43

10. NOTAP’s primary goal is to

A. Enforce tax audits

B. Boost oil exports

C. Reduce employee compensation

D. Protect domestic tech partners

11 / 43

11. FCCPC functions include

A. Allocating mineral resources

B. Handling banking regulations

C. Banning counterfeit goods and ensuring market fairness

D. Managing urban development

12 / 43

12. Petroleum Profits Tax is primarily applied to

A. Telecom equipment

B. Oil industry profits

C. Transport companies

D. Textile manufacturers

13 / 43

13. Global market expansion compels businesses to revise

A. Internal staff management

B. Workforce age distribution

C. Local tax rates

D. Branding and supply chain strategies

14 / 43

14. Tool used by organizations to report ethical misconduct safely is

A. Conflict resolution plan

B. Whistleblower policy

C. Advertising campaign

D. Asset declaration form

15 / 43

15. External forces like customer expectations influence businesses by

A. Enabling static operations

B. Promoting risk aversion

C. Supporting isolated decision-making

D. Forcing adaptation to remain relevant

16 / 43

16. Regulation benefits include

A. Curtailment of innovation

B. Removal of small businesses

C. Protection of stakeholders and the environment

D. Promotion of inflation

17 / 43

17. Technology contracts in Nigeria require regulation by

A. CAC

B. NNPC

C. NOTAP

D. EFCC

18 / 43

18. Government resource allocation focuses on

A. Luxury product taxation

B. Gambling regulation

C. Stock market speculation

D. Sectors like health, education, and infrastructure

19 / 43

19. Feature of business ethics that reflects honesty and transparency is

A. Secrecy

B. Objectivity

C. Integrity

D. Ambiguity

20 / 43

20. A competitive market supported by regulation prevents

A. Investor trust

B. Fake imports

C. Monopolies and unfair dominance

D. Consumer price reduction

21 / 43

21. Purpose of Environmental Impact Assessment (EIA) involves

A. Approving all projects without evaluation

B. Maximizing profit

C. Preventing or minimizing harm to the environment

D. Encouraging rapid urbanization

22 / 43

22. Component of EIA that identifies environmental aspects for study is

A. Reporting

B. Mitigation

C. Screening

D. Scoping

23 / 43

23. Nigerian labor law requires contracts that provide

A. Clear employment conditions

B. Profit-sharing terms only

C. Confidentiality of income

D. Political affiliations

24 / 43

24. Technology adoption within a business is key to

A. Captive market growth

B. Enhancing customer experiences and internal processes

C. Globalizing the supply chain

D. Regulatory compliance

25 / 43

25. Petroleum Profits Tax is primarily applied to

A. Textile manufacturers

B. Oil industry profits

C. Telecom equipment

D. Transport companies

26 / 43

26. Principle of corporate governance that ensures fair treatment of all shareholders is

A. Transparency

B. Fairness

C. Profit maximization

D. Risk management

27 / 43

27. Trademark registration starts with

A. Physical inspection

B. Trademark publication

C. Payment of VAT

D. Application submission including details and logo

28 / 43

28. The Federal Inland Revenue Service (FIRS) is responsible for

A. Collecting corporate and value-added taxes

B. Issuing labor permits

C. Licensing telecom operators

D. Providing microloans

29 / 43

29. The Corporate Affairs Commission (CAC) in Nigeria handles

A. Oil exploration

B. Tax collection

C. Business registration and ownership disclosure

D. Export inspections

30 / 43

30. Purpose of anti-corruption laws focuses on

A. Preventing abuse of power for private gain

B. Supporting embezzlement

C. Encouraging money laundering

D. Promoting bribery

31 / 43

31. A significant factor within an organization's control that influences innovation and risk appetite is

A. Customer expectations

B. Geography

C. Management culture

D. Market globalization

32 / 43

32. Government regulations aim to ensure

A. Tax reduction for large corporations

B. Fair competition and societal welfare

C. Increased subsidies for exporters

D. Monopoly formation

33 / 43

33. Workforce diversity and alignment with social justice initiatives are examples of

A. Purpose alignment

B. Economic obligations

C. Competitive disruption

D. External factors influencing hiring

34 / 43

34. National planning ensures sustainability by

A. Reducing resource exploitation and protecting the environment

B. Limiting social media use

C. Banning foreign travel

D. Funding election campaigns

35 / 43

35. In rural locations, business focus is often shaped by

A. Sustainability trends

B. Community values

C. Technological innovation

D. International competition

36 / 43

36. A highly competitive marketplace often results in

A. Operational monopolies

B. Business disruption and innovation

C. Geographic expansion

D. Workforce downsizing

37 / 43

37. Immigration services in business regulation ensure

A. Controlled foreign workforce entry

B. Land allocation

C. Oil production planning

D. Price stabilization

38 / 43

38. Pollution control laws aim at

A. Banning recycling practices

B. Encouraging illegal dumping

C. Reducing pollutants to acceptable levels

D. Increasing emissions

39 / 43

39. Process that helps detect fraud and errors in financial systems is

A. Internal auditing

B. Budgeting

C. Public relations

D. Marketing research

40 / 43

40. Principle of corporate governance that ensures fair treatment of all shareholders is

A. Risk management

B. Fairness

C. Profit maximization

D. Transparency

41 / 43

41. Investor pressure primarily leads businesses toward

A. Community engagement

B. Rapid scaling and immediate results

C. Sustainability practices

D. Decentralized operations

42 / 43

42. A key change under CAMA 2020 includes

A. Elimination of business taxes

B. Removal of employee rights

C. Ban on foreign investors

D. Introduction of single-member companies

43 / 43

43. Principle of corporate governance that ensures fair treatment of all shareholders is

A. Risk management

B. Profit maximization

C. Transparency

D. Fairness

Your score is

The average score is 55%

FUOYE BUS 208 CBT Practice

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