BUS 101 CBT PRACTICE

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

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

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

4. Find the odd one out

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

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

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

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

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

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

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

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

13. Which is not a condition for warranty?

14. Policy formulation is a function of the

15. 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---.

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

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

18. There basically _____ types of Partnerships.

19. Management is

20. Who amongst of these is not a producer?

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

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

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

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

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

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

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

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

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

30. ______ is mostly found in retailing business.

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

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

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

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

35. _______ benefit from business training opportunity.

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

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

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

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

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