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CBT TEST

BUS/BUA 101 CBT PRACTICE

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 /BUA 101 exam

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PS

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 by Phil

BUS 101

‍

1 / 40

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

2 / 40

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

3 / 40

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

4 / 40

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

5 / 40

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

6 / 40

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

7 / 40

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

8 / 40

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

9 / 40

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

10 / 40

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

11 / 40

11. Find the odd one out

12 / 40

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

13 / 40

13. Non-profit organizations are primarily established to:

14 / 40

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

15 / 40

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

16 / 40

16. What is a characteristic of business?

17 / 40

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

18 / 40

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

19 / 40

19. There basically _____ types of Partnerships.

20 / 40

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

21 / 40

21. Who is known to the public as a partner but does not take active part in the management of the firm.

22 / 40

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

23 / 40

23. Management is

24 / 40

24. One of the demerits of a partnership is:

25 / 40

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

26 / 40

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

27 / 40

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

28 / 40

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

29 / 40

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

30 / 40

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

31 / 40

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

32 / 40

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

33 / 40

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

34 / 40

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

35 / 40

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

36 / 40

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

37 / 40

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

38 / 40

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

39 / 40

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

40 / 40

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

Your score is

The average score is 48%

0%

Phil

Phil aka Undergragra is a Computer Engineering Graduate at the Federal University Oye-Ekiti. He is a lover of God, a passionate teacher, writer and an educational consultant.

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