BUS/BUA 101 CBT PRACTICE

1. Management is

2. A contract may be discharged by the following way, except on the basis of _______.

3. Which type of partnership exists only for a specific task or venture?

4. ____- include Specialization and the division of labour.

5. Which of these is not a factor for consideration by a manufacturer in deciding on transportation of goods?

6. ‎Business is defined as a set of interrelated activities aimed at:

7. Which of the following describes "needs"?

8. The sole-proprietorship business structure is owned, managed, and controlled by:

9. Kurfi( 2005) identified how many classes of contracts?

10. What is the primary characteristic of a sleeping or dormant partner?

11. Non-profit organizations are primarily established to:

12. Quantum meruit as one of remedies for contracts could be claimed in a variety of circumstances, except one_____.

13. The failure of a sole proprietorship affects the owner because of:

14. ___ partner contributes only the money needed for formation of the business or for running of the business.

15. _________Communication is a process of information transfer, which goes on within you as an individual.

16. Which is not a condition for warranty?

17. The Double Entry Rule is applicable to the following class of accounts, except_________.

18. Which Companies Registration Document contains notices, circular, advertisement or other invitation offering the public subscription or purchase of shares or debentures

19. Which of thse is not a specific environment to business?

20. "The Nigerian factor has contributed to businesses that are not carrying out its social responsibility"

21. Who amongst of these is not a producer?

22. How many types of partners exist in a partnership?

23. Which type of partnership exists only for a specific task or venture?

24. When did Olusegun Obasanjo take over power as Nigerian elected President?

25. Which of the following is an advantage of a sole proprietorship?

26. Which of these is not an advantage to sole proprietorship?

27. Non-profit organizations are primarily established to:

28. Business is defined as a set of interrelated activities aimed at:

29. The "Constitution" of the partnership is drawn by _________

30. Which of the following is a source of funds for a partnership?

31. There basically _____ types of Partnerships.

32. One of these is not an advantage of Partnership?

33. The classification of business organizations by stage in the production cycle includes:

34. Which of the following is an example of a social objective of a business?

35. _______ benefit from business training opportunity.

36. How many different types of Laws affect business in Nigeria ?

37. ______ is not an account itself and it is not part and parcel of the double entry system.

38. The same number of people are required in the onwership of a busines as well as in the case of a bank.

39. _____ use resources to be able to perform their functions

40. Personal savings, credit purchases, and loans from cooperative societies are examples of: