SPONSORED ADS
CBT TEST

BUS 101 CBT PRACTICE

  • To Join Our Official JAMB Online Tutorial Group Click Here
  • Join Our Telegram Channel For Latest Updates click here
  • Follow us on our Facebook Page For Latest Updates Click here

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 101 exam

Related Articles

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

FUOYE FRESHERS GENERAL GRP

https://chat.whatsapp.com/GmvH3J8FEfR1OeurIO0bhx

To get latest school updates

https://wa.me/message/UCYVTYIVGGQNP1

OR

I remain your favorite education blogger

❤️ Undergragra

0%
399
Created by Ace/Undergragra

BUS 101

1 / 40

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

2 / 40

2. 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---.

3 / 40

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

4 / 40

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

5 / 40

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

6 / 40

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

7 / 40

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

8 / 40

8. There basically _____ types of Partnerships.

9 / 40

9. Who amongst of these is not a producer?

10 / 40

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

11 / 40

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

12 / 40

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

13 / 40

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

14 / 40

14. Management is

15 / 40

15. Which of these is not a factor that business can control?

16 / 40

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

17 / 40

17. Policy formulation is a function of the

18 / 40

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

19 / 40

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

20 / 40

20. Which is not a condition for warranty?

21 / 40

21. Which of the following is a function of management?

22 / 40

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

23 / 40

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

24 / 40

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

25 / 40

25. _______ benefit from business training opportunity.

26 / 40

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

27 / 40

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

28 / 40

28. ______ is mostly found in retailing business.

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

31 / 40

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

32 / 40

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

33 / 40

33. Find the odd one out

34 / 40

34. An _______ faces problem of how to finance his business.

35 / 40

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

36 / 40

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

37 / 40

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

38 / 40

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

39 / 40

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

40 / 40

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

Your score is

The average score is 44%

0%

Please do well to drop a comment if this has really helped you. Thanks❤️

Ace/Undergragra

Ace aka Undergragra is a 500 Level Computer Engineering Student in the Federal University Oye-Ekiti. He is a passionate teacher,writer,educational consultant and educational informant.
0 0 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments

Related Articles

Check Also
Close

You cannot copy content of this page

0
Would love your thoughts, please comment.x
()
x