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 BUA 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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Created on July 29, 2023 By

Ace/Undergragra

BUS 102

1 / 40

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

A. Marketing

B. Finance

C. Personnel

D. Research

2 / 40

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

A. Sole trade

B. Stake Holders

C. Partnership trade

D. Corporate trade

3 / 40

3. The following are social responsibilities of business except

A. Management and funding of other competitors

B. Provision of infrastructure

C. Creation of job opportunities

D. Sales of economically priced goods

4 / 40

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

A. Distribution

B. Production

C. Marketing

D. Transport

5 / 40

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

A. Public enterprise

B. Public sector

C. Public Policy

D. Public Administration

6 / 40

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

A. Internal Business

B. International Trade

C. Foreign Affairs

D. Forecasting

7 / 40

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

A. Fund raiser

B. Facilitator

C. Lender

D. Adviser

8 / 40

8. Privatization ensures efficiency of business

A. False

B. True

9 / 40

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

A. Research department

B. Audit department

C. Human resources department

D. Finance department

10 / 40

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

A. Indigenization

B. Fund raising

C. Privatization

D. Commercialization

11 / 40

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

A. 3

B. 6

C. 5

D. 2

12 / 40

12. __________ is undertaken by entrepreneur consciously and unconsciously.

A. Marketing Research

B. Business

C. Marketing

D. Money

13 / 40

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

A. The government plays the role of regulator and facilitator

B. The government constitutes the smallest consumer of some businesses

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

D. The government provides incentives and tax holiday

14 / 40

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

A. Commercialization

B. Commercial

C. Investment decision

D. Business profit analysis

15 / 40

15. What is the full meaning of UAC?

A. Unity African Organization

B. United Automatic Corporation

C. Unity African Company

D. United African Company

16 / 40

16. Which of these is a barrier to International Trade

A. Education

B. Sufficient capital

C. Difference in currency

D. Training

17 / 40

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

A. Authority

B. Directing

C. Organizing

D. Functional organization

18 / 40

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

A. Commercial trade

B. Trade

C. Commercialization

D. Market analysis

19 / 40

19. In large organizations people work together as a

A. Division

B. Areas

C. Department

D. Unit

20 / 40

20. ____replaced NEPD

A. NEFC

B. NEPA

C. NEPB

D. ECOWAS

21 / 40

21. What is the full meaning of NEPD

A. Nigeria Enterprises Promotion Decree

B. Nigeria Entrepreneurship Promotion Decree

C. Nigeria Enterprise Production Board

D. Nigeria Entrepreneurship Programme Decree

22 / 40

22. 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. Nominal

C. Active

D. Secret

23 / 40

23. The following are regulating roles of government except

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

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

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

D. Controlling if prices to arrest inflationary trend

24 / 40

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

A. Construction

B. Candle making

C. Brick making

D. Hair dressing

25 / 40

25.

NEPD was established

A. 1952

B. 1988

C. 1934

D. 1972

26 / 40

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

A. Balance sheet

B. Accounting

C. Ledger

D. Balance

27 / 40

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

A. Increase profit and sales

B. Create new market

C. Domestic markets are small

D. Government force the business

28 / 40

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

A. Lack of information

B. Political reasons

C. Security reasons

D. Monopoly

29 / 40

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

A. Corporate trade

B. Companies

C. Factories

D. Commerce

30 / 40

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

A. Transport

B. Accounting

C. Production

D. Strategic Planning

31 / 40

31. ________ shows departments and their responsibility

A. Organizational Charts

B. Organization Structure

C. Organization Goals

D. Organization divison of labour

32 / 40

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

A. Finance Department

B. Marketing department

C. Research Department

D. Personnel Department

33 / 40

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

A. Controlling Quality of Products

B. Setting up rules and regulations

C. Provision of Loans and Grants

D. Controlling Prices

34 / 40

34. NEPB has the following objectives except

A. Explore local. market and trade

B. Transfer Business to Indigenes

C. Improve Import Substitution

D. Transfer more wealth to Nigerians

35 / 40

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

A. Foreign entrepreneurship trade

B. Domestic trade

C. Investment trading

D. Foreign trade

36 / 40

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

A. Price

B. Supply

C. Production

D. Demand

37 / 40

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

A. Indigenization

B. Commercialization

C. Privatization

D. Private administration

38 / 40

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

A. Factories

B. Organizations

C. Companies

D. Plants

39 / 40

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

A. Inactive

B. Nominal

C. Sleeping

D. Active

40 / 40

40. International Trade is divided into how many

A. 6

B. 5

C. 2

D. 3

Your score is

The average score is 60%

FUOYE BUA 102 CBT Practice

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