BUS/BUA 101 CBT PRACTICE

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

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

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

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

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

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

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

8. An agreement between two parties for the second party to have an item under some conditions, until such conditions are fulfill, the item is still that of the first party is called---.

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

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

11. Why is profit considered the primary objective of a business?

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

13. Which of the following describes "needs"?

14. The accounting equation is assessed in a financial position statement called __________.

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

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

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

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

19. Which of the following is a characteristic of a business organization?

20. A partnership is typically formed by how many people in an ordinary business?

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

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

23. Secrecy in operations is an advantage most associated with:

24. What is a characteristic of business?

25. The main motive of a sole-proprietorship is:

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

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

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

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

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

31. There basically _____ types of Partnerships.

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

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

34. Find the odd one out

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

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

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

38. Who amongst of these is not a producer?

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

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