BUS 102 CBT PRACTICE TEST

Ace/Undergragra July 29, 2023

0 844 1 minute read

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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 102 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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289

Created on July 29, 2023 By

Ace/Undergragra

BUS 102

1 / 40

1. Which of these is a barrier to International Trade

A. Difference in currency

B. Sufficient capital

C. Education

D. Training

2 / 40

2. What is the full meaning of NEPD

A. Nigeria Entrepreneurship Programme Decree

B. Nigeria Enterprises Promotion Decree

C. Nigeria Enterprise Production Board

D. Nigeria Entrepreneurship Promotion Decree

3 / 40

3. ......is the study of transactions taking place across national borders

A. Forecasting

B. International Trade

C. Foreign Affairs

D. Internal Business

4 / 40

4. Which of these is not in schedule 1 of enterprise classification

A. Hair dressing

B. Brick making

C. Construction

D. Candle making

5 / 40

5. According to NEPB, Enterprises are classified into how many schedules

A. 6

B. 2

C. 3

D. 5

6 / 40

6. Which of these is not a reason why business go abroad

A. Government force the business

B. Create new market

C. Increase profit and sales

D. Domestic markets are small

7 / 40

7. The following are the influences of government on business except

A. The government constitutes the single largest institutional consumer of most goods and services

B. The government provides incentives and tax holiday

C. The government plays the role of regulator and facilitator

D. The government constitutes the smallest consumer of some businesses

8 / 40

8. Which of these is not a reason why government is involved in business

A. Security reasons

B. Political reasons

C. Monopoly

D. Lack of information

9 / 40

9. .........is the type of trade which involves two or more countries

A. Domestic trade

B. Foreign entrepreneurship trade

C. Investment trading

D. Foreign trade

10 / 40

10. _________ is made up of trade and all activities that make trade possible.

A. Factories

B. Companies

C. Commerce

D. Corporate trade

11 / 40

11. Privatization ensures efficiency of business

A. True

B. False

12 / 40

12. ....is that policy of making government business Profit oriented

A. Trade

B. Market analysis

C. Commercial trade

D. Commercialization

13 / 40

13. A ___ partner is that who is active in the affairs of the business but not known to the public as a partner.

A. Inactive

B. Active

C. Secret

D. Nominal

14 / 40

14. Which of these is not a regulatory role of government to business

A. Controlling Quality of Products

B. Setting up rules and regulations

C. Controlling Prices

D. Provision of Loans and Grants

15 / 40

15. Government can serve as regulator and ......... to business

A. Adviser

B. Lender

C. Facilitator

D. Fund raiser

16 / 40

16. In large organizations people work together as a

A. Unit

B. Areas

C. Department

D. Division

17 / 40

17. Cash account or cash book is a part of _____.

A. Accounting

B. Ledger

C. Balance

D. Balance sheet

18 / 40

18. Which department is response for procurement and allocation of funds

A. Finance department

B. Research department

C. Human resources department

D. Audit department

19 / 40

19. International Trade is divided into how many

A. 5

B. 6

C. 3

D. 2

20 / 40

20. The following are social responsibilities of business except

A. Provision of infrastructure

B. Sales of economically priced goods

C. Management and funding of other competitors

D. Creation of job opportunities

21 / 40

21. _______ is the value that products and sellers place on goods or services.

A. Demand

B. Price

C. Supply

D. Production

22 / 40

22. Is the process of making government owned business profit Oriented

A. Investment decision

B. Commercialization

C. Business profit analysis

D. Commercial

23 / 40

23. __________ type of business is the oldest type of business in Nigeria

A. Corporate trade

B. Sole trade

C. Stake Holders

D. Partnership trade

24 / 40

24. ____ is defined as an organization in which line authority,staff authority and functional authority exist together.

A. Organizing

B. Directing

C. Functional organization

D. Authority

25 / 40

25. ________ shows departments and their responsibility

A. Organization Goals

B. Organization Structure

C. Organization divison of labour

D. Organizational Charts

26 / 40

26. The following are regulating roles of government except

A. Assisting in the research and development of new products or raw materials through government research institutes

B. Controlling if prices to arrest inflationary trend

C. Setting up laws that govern the establishment and operation of business enterprises

D. Controlling the quality of goods and services by administering quality control tests

27 / 40

27. ____Is the the department responsible for Sales of goods and services of the business

A. Production

B. Distribution

C. Marketing

D. Transport

28 / 40

28. ....... department is responsible for receiving money from. debtors and payment to creditors

A. Strategic Planning

B. Production

C. Accounting

D. Transport

29 / 40

29. _______department is concerned with determining consumer's need and wants

A. Personnel

B. Marketing

C. Finance

D. Research

30 / 40

30. ______ is the transfer of business ownership from Public or Government to Individual

A. Privatization

B. Indigenization

C. Private administration

D. Commercialization

31 / 40

31. _______ use resources to be able to perform their functions

A. Companies

B. Organizations

C. Plants

D. Factories

32 / 40

32. Which of these is not a major functional Area in a Business Organization

A. Marketing department

B. Personnel Department

C. Finance Department

D. Research Department

33 / 40

33. __________ is undertaken by entrepreneur consciously and unconsciously.

A. Marketing

B. Money

C. Business

D. Marketing Research

34 / 40

34. ____replaced NEPD

A. NEPA

B. NEFC

C. NEPB

D. ECOWAS

35 / 40

35. The aim of NEPD and NEPB is .......

A. Fund raising

B. Indigenization

C. Commercialization

D. Privatization

36 / 40

36.

NEPD was established

A. 1988

B. 1934

C. 1972

D. 1952

37 / 40

37. __________ can be rules or guiding principles of a community.

A. Public Administration

B. Public Policy

C. Public sector

D. Public enterprise

38 / 40

38. NEPB has the following objectives except

A. Transfer Business to Indigenes

B. Transfer more wealth to Nigerians

C. Improve Import Substitution

D. Explore local. market and trade

39 / 40

39. What is the full meaning of UAC?

A. United African Company

B. Unity African Organization

C. United Automatic Corporation

D. Unity African Company

40 / 40

40. ____partner is one who is not actually a partner but who allows his name to be used in the partnership

A. Nominal

B. Inactive

C. Active

D. Sleeping

Your score is

The average score is 66%

Please do well to drop a comment if this has really helped you. Thanks❤️

Ace/Undergragra July 29, 2023

0 844 1 minute read

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