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

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Created on July 29, 2023 By

Ace/Undergragra

BUS 102

1 / 40

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

A. Audit department

B. Finance department

C. Human resources department

D. Research department

2 / 40

2. ________ shows departments and their responsibility

A. Organization Structure

B. Organization divison of labour

C. Organizational Charts

D. Organization Goals

3 / 40

3. The following are social responsibilities of business except

A. Management and funding of other competitors

B. Provision of infrastructure

C. Sales of economically priced goods

D. Creation of job opportunities

4 / 40

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

A. Public enterprise

B. Public Administration

C. Public sector

D. Public Policy

5 / 40

5. In large organizations people work together as a

A. Areas

B. Division

C. Unit

D. Department

6 / 40

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

A. Inactive

B. Secret

C. Nominal

D. Active

7 / 40

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

A. Personnel

B. Research

C. Marketing

D. Finance

8 / 40

8. __________ is undertaken by entrepreneur consciously and unconsciously.

A. Business

B. Marketing Research

C. Money

D. Marketing

9 / 40

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

A. The government plays the role of regulator and facilitator

B. The government provides incentives and tax holiday

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

D. The government constitutes the smallest consumer of some businesses

10 / 40

10. What is the full meaning of UAC?

A. United Automatic Corporation

B. United African Company

C. Unity African Company

D. Unity African Organization

11 / 40

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

A. Commercial trade

B. Trade

C. Commercialization

D. Market analysis

12 / 40

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

A. Provision of Loans and Grants

B. Controlling Quality of Products

C. Setting up rules and regulations

D. Controlling Prices

13 / 40

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

A. Fund raiser

B. Adviser

C. Facilitator

D. Lender

14 / 40

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

A. Factories

B. Plants

C. Companies

D. Organizations

15 / 40

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

A. Fund raising

B. Privatization

C. Indigenization

D. Commercialization

16 / 40

16. ____replaced NEPD

A. NEFC

B. ECOWAS

C. NEPB

D. NEPA

17 / 40

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

A. Strategic Planning

B. Transport

C. Accounting

D. Production

18 / 40

18. Which of these is a barrier to International Trade

A. Education

B. Difference in currency

C. Sufficient capital

D. Training

19 / 40

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

A. Commercial

B. Investment decision

C. Business profit analysis

D. Commercialization

20 / 40

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

A. Production

B. Distribution

C. Transport

D. Marketing

21 / 40

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

A. Construction

B. Candle making

C. Brick making

D. Hair dressing

22 / 40

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

A. Research Department

B. Finance Department

C. Personnel Department

D. Marketing department

23 / 40

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

A. Increase profit and sales

B. Domestic markets are small

C. Create new market

D. Government force the business

24 / 40

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

A. Domestic trade

B. Foreign entrepreneurship trade

C. Foreign trade

D. Investment trading

25 / 40

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

A. Balance sheet

B. Ledger

C. Balance

D. Accounting

26 / 40

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

A. Monopoly

B. Security reasons

C. Lack of information

D. Political reasons

27 / 40

27. International Trade is divided into how many

A. 3

B. 5

C. 6

D. 2

28 / 40

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

A. 5

B. 2

C. 3

D. 6

29 / 40

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

A. Factories

B. Commerce

C. Corporate trade

D. Companies

30 / 40

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

A. Sleeping

B. Active

C. Inactive

D. Nominal

31 / 40

31. The following are regulating roles of government except

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

B. Controlling if prices to arrest inflationary trend

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

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

32 / 40

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

A. Demand

B. Supply

C. Production

D. Price

33 / 40

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

A. Indigenization

B. Commercialization

C. Private administration

D. Privatization

34 / 40

34. Privatization ensures efficiency of business

A. False

B. True

35 / 40

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

A. Internal Business

B. International Trade

C. Forecasting

D. Foreign Affairs

36 / 40

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

A. Corporate trade

B. Stake Holders

C. Partnership trade

D. Sole trade

37 / 40

37. NEPB has the following objectives except

A. Transfer more wealth to Nigerians

B. Improve Import Substitution

C. Explore local. market and trade

D. Transfer Business to Indigenes

38 / 40

38.

NEPD was established

A. 1988

B. 1952

C. 1934

D. 1972

39 / 40

39. What is the full meaning of NEPD

A. Nigeria Enterprises Promotion Decree

B. Nigeria Enterprise Production Board

C. Nigeria Entrepreneurship Programme Decree

D. Nigeria Entrepreneurship Promotion Decree

40 / 40

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

A. Directing

B. Organizing

C. Authority

D. Functional organization

Your score is

The average score is 60%

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