FUOYE BUA 102 CBT Practice : Undergragra

Warning: Undefined array key "HTTP_SEC_FETCH_SITE" in /home/undergra/public_html/wp-content/plugins/quiz-maker/includes/class-quiz-maker-iframe.php on line 71

Warning: Undefined array key "HTTP_SEC_FETCH_SITE" in /home/undergra/public_html/wp-content/plugins/quiz-maker/includes/class-quiz-maker-iframe.php on line 71

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 BUA 102 exam

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

Please do well to use our comment box incase there’s a message you want to pass to us

Want to stay updated with exam info, materials, and more practice resources?

Join the UNDERGRAGRA WhatsApp Channel now!

Here’s the link: https://whatsapp.com/channel/0029VakX28dFi8xdORrhjI34

Telegram Channel

T.me/ugchannel

Kindly join us on all our social media platform using this link ⏩ https://t.co/Tk9d5HFJXG

Join Our Freshers Whatsapp Group

https://chat.whatsapp.com/LIwcrkishgH6BsELwcW5w2

Thank you!.

Keep pushing, stay focused, and good luck on your exams. You’ve got this!

I remain your favorite education blogger

❤️ Undergragra

1189

Created on July 29, 2023 By

Aruwaji Philip

BUS 102

1 / 40

1. What is the full meaning of NEPD

A. Nigeria Entrepreneurship Promotion Decree

B. Nigeria Enterprises Promotion Decree

C. Nigeria Entrepreneurship Programme Decree

D. Nigeria Enterprise Production Board

2 / 40

2. ____replaced NEPD

A. NEPB

B. NEPA

C. NEFC

D. ECOWAS

3 / 40

3. Which of these is not a regulatory role of government to business

A. Setting up rules and regulations

B. Provision of Loans and Grants

C. Controlling Quality of Products

D. Controlling Prices

4 / 40

4. The aim of NEPD and NEPB is .......

A. Fund raising

B. Indigenization

C. Privatization

D. Commercialization

5 / 40

5. Which department is response for procurement and allocation of funds

A. Research department

B. Finance department

C. Audit department

D. Human resources department

6 / 40

6. __________ type of business is the oldest type of business in Nigeria

A. Partnership trade

B. Stake Holders

C. Corporate trade

D. Sole trade

7 / 40

7. NEPB has the following objectives except

A. Explore local. market and trade

B. Transfer Business to Indigenes

C. Improve Import Substitution

D. Transfer more wealth to Nigerians

8 / 40

8. __________ is undertaken by entrepreneur consciously and unconsciously.

A. Money

B. Business

C. Marketing Research

D. Marketing

9 / 40

9. ______ is the transfer of business ownership from Public or Government to Individual

A. Commercialization

B. Privatization

C. Indigenization

D. Private administration

10 / 40

10. Privatization ensures efficiency of business

A. False

B. True

11 / 40

11. Which of these is not a reason why business go abroad

A. Create new market

B. Domestic markets are small

C. Increase profit and sales

D. Government force the business

12 / 40

12. ________ shows departments and their responsibility

A. Organizational Charts

B. Organization Goals

C. Organization Structure

D. Organization divison of labour

13 / 40

13. What is the full meaning of UAC?

A. Unity African Company

B. United African Company

C. Unity African Organization

D. United Automatic Corporation

14 / 40

14. ____ is defined as an organization in which line authority,staff authority and functional authority exist together.

A. Directing

B. Authority

C. Functional organization

D. Organizing

15 / 40

15. Which of these is not a reason why government is involved in business

A. Monopoly

B. Security reasons

C. Political reasons

D. Lack of information

16 / 40

16. The following are regulating roles of government except

A. Setting up laws that govern the establishment and operation of business enterprises

B. Controlling if prices to arrest inflationary trend

C. Assisting in the research and development of new products or raw materials through government research institutes

D. Controlling the quality of goods and services by administering quality control tests

17 / 40

17. The following are social responsibilities of business except

A. Provision of infrastructure

B. Sales of economically priced goods

C. Creation of job opportunities

D. Management and funding of other competitors

18 / 40

18. According to NEPB, Enterprises are classified into how many schedules

A. 5

B. 2

C. 6

D. 3

19 / 40

19. _______ use resources to be able to perform their functions

A. Plants

B. Companies

C. Factories

D. Organizations

20 / 40

20. ....is that policy of making government business Profit oriented

A. Market analysis

B. Trade

C. Commercialization

D. Commercial trade

21 / 40

21. Which of these is not in schedule 1 of enterprise classification

A. Hair dressing

B. Brick making

C. Candle making

D. Construction

22 / 40

22. The following are the influences of government on business except

A. The government provides incentives and tax holiday

B. The government plays the role of regulator and facilitator

C. The government constitutes the smallest consumer of some businesses

D. The government constitutes the single largest institutional consumer of most goods and services

23 / 40

23. Which of these is not a major functional Area in a Business Organization

A. Personnel Department

B. Research Department

C. Marketing department

D. Finance Department

24 / 40

24. Which of these is a barrier to International Trade

A. Training

B. Difference in currency

C. Education

D. Sufficient capital

25 / 40

25. Is the process of making government owned business profit Oriented

A. Business profit analysis

B. Investment decision

C. Commercialization

D. Commercial

26 / 40

26. Cash account or cash book is a part of _____.

A. Balance sheet

B. Accounting

C. Balance

D. Ledger

27 / 40

27. In large organizations people work together as a

A. Unit

B. Areas

C. Division

D. Department

28 / 40

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

A. Nominal

B. Inactive

C. Secret

D. Active

29 / 40

29. ....... department is responsible for receiving money from. debtors and payment to creditors

A. Transport

B. Strategic Planning

C. Production

D. Accounting

30 / 40

30. ......is the study of transactions taking place across national borders

A. Forecasting

B. Foreign Affairs

C. Internal Business

D. International Trade

31 / 40

31. __________ can be rules or guiding principles of a community.

A. Public sector

B. Public Administration

C. Public enterprise

D. Public Policy

32 / 40

32. ____partner is one who is not actually a partner but who allows his name to be used in the partnership

A. Active

B. Sleeping

C. Inactive

D. Nominal

33 / 40

33. _______department is concerned with determining consumer's need and wants

A. Research

B. Personnel

C. Marketing

D. Finance

34 / 40

34. ____Is the the department responsible for Sales of goods and services of the business

A. Distribution

B. Marketing

C. Production

D. Transport

35 / 40

35. International Trade is divided into how many

A. 5

B. 2

C. 3

D. 6

36 / 40

36. Government can serve as regulator and ......... to business

A. Adviser

B. Lender

C. Facilitator

D. Fund raiser

37 / 40

37. _______ is the value that products and sellers place on goods or services.

A. Production

B. Demand

C. Supply

D. Price

38 / 40

38. .........is the type of trade which involves two or more countries

A. Investment trading

B. Domestic trade

C. Foreign trade

D. Foreign entrepreneurship trade

39 / 40

39. _________ is made up of trade and all activities that make trade possible.

A. Companies

B. Factories

C. Corporate trade

D. Commerce

40 / 40

40. NEPD was established

A. 1988

B. 1934

C. 1972

D. 1952

Your score is

The average score is 60%

Related posts:

Office Hours

Stay In Touch