BUS 101 CBT PRACTICE

1. Policy formulation is a function of the

2. The statutory of management science can be traced back to after the___ World War.

3. The sources of funds for a partnership do not include which of these_____________.

4. "Many years ago, James Bumhan, in the management revolution argued that ownership had been divorce from control."

5. _______ benefit from business training opportunity.

6. What percetage of the workforce in the America was estimated to be in service business in the mid 90s?

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

8. ________ is Is a promise or a commitment to do or reframe from doing some specifying things in the future.

9. Who had identified the cultural characteristics and trend that may be of interest to business?

10. How many conditions must be fulfilled for a contract to be enforceable?

11. When you add value to product s in their natural forms you are a ______________.

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

13. Management is

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

15. ______ is mostly found in retailing business.

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

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

18. How partners are required to sign the Article of Association to make enforceable?

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

20. What document regulates the activities of the partnership business.

21. The _____ (mostly the secretary) needs to cultivate good telephone diplomacy.

22. What is the maximum number of people allowed to form a Private Limited Liability Company?

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

24. Who amongst of these is not a producer?

25. What class of contracts invloves two parties making mutal promiises?

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

27. Which is not a condition for warranty?

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

29. A----------- is an association of investors who buy or own shares in a company for the purpose of carrying on a business

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

31. In 1993 and arising from the annulement of the June 12th Elections how many Heads of State did Nigeria have?

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

33. One of these is not a feature of Partnership. Which one?

34. One of the following does not portend a positive side of managers of a business.

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

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

37. Which of these kind of companies are their liabilities not limited by the money they have contributed to the business?

38. A contract may be declared null and void except under which condition?

39. How types of Businesses are memtioned in the study material?

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