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CBT TEST

BUS 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 101 exam

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 Ace/Undergragra

BUS 101

1 / 40

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

2 / 40

2. Find the odd one out

3 / 40

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

4 / 40

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

5 / 40

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

6 / 40

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

7 / 40

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

8 / 40

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

9 / 40

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

10 / 40

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

11 / 40

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

12 / 40

12. Policy formulation is a function of the

13 / 40

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

14 / 40

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

15 / 40

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

16 / 40

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

17 / 40

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

18 / 40

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

19 / 40

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

20 / 40

20. There basically _____ types of Partnerships.

21 / 40

21. ______ is mostly found in retailing business.

22 / 40

22. 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---.

23 / 40

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

24 / 40

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

25 / 40

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

26 / 40

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

27 / 40

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

28 / 40

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

29 / 40

29. Who amongst of these is not a producer?

30 / 40

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

31 / 40

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

32 / 40

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

33 / 40

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

34 / 40

34. _______ benefit from business training opportunity.

35 / 40

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

36 / 40

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

37 / 40

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

38 / 40

38. Which is not a condition for warranty?

39 / 40

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

40 / 40

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

Your score is

The average score is 44%

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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