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CBT TEST

BUS 102 CBT PRACTICE TEST

Phil

July 29, 2023

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 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

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902

Created on July 29, 2023 By

Ace/Undergragra

BUS 102

1 / 40

1. International Trade is divided into how many

A. 2

B. 5

C. 6

D. 3

2 / 40

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

A. Business profit analysis

B. Investment decision

C. Commercialization

D. Commercial

3 / 40

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

A. Controlling Quality of Products

B. Setting up rules and regulations

C. Controlling Prices

D. Provision of Loans and Grants

4 / 40

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

A. Sole trade

B. Partnership trade

C. Corporate trade

D. Stake Holders

5 / 40

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

A. Adviser

B. Facilitator

C. Fund raiser

D. Lender

6 / 40

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

A. 2

B. 6

C. 3

D. 5

7 / 40

7. Which of these is a barrier to International Trade

A. Sufficient capital

B. Training

C. Education

D. Difference in currency

8 / 40

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

A. Indigenization

B. Privatization

C. Fund raising

D. Commercialization

9 / 40

9. Privatization ensures efficiency of business

A. True

B. False

10 / 40

10. ________ shows departments and their responsibility

A. Organizational Charts

B. Organization divison of labour

C. Organization Goals

D. Organization Structure

11 / 40

11. The following are regulating roles of government except

A. Controlling if prices to arrest inflationary trend

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

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

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

12 / 40

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

A. Functional organization

B. Organizing

C. Directing

D. Authority

13 / 40

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

A. Finance Department

B. Marketing department

C. Personnel Department

D. Research Department

14 / 40

14. ____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. Nominal

D. Inactive

15 / 40

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

A. Candle making

B. Hair dressing

C. Construction

D. Brick making

16 / 40

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

A. Commercialization

B. Market analysis

C. Trade

D. Commercial trade

17 / 40

17. NEPB has the following objectives except

A. Transfer more wealth to Nigerians

B. Explore local. market and trade

C. Improve Import Substitution

D. Transfer Business to Indigenes

18 / 40

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

A. Research

B. Personnel

C. Marketing

D. Finance

19 / 40

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

A. Active

B. Secret

C. Nominal

D. Inactive

20 / 40

20. What is the full meaning of NEPD

A. Nigeria Entrepreneurship Promotion Decree

B. Nigeria Enterprise Production Board

C. Nigeria Enterprises Promotion Decree

D. Nigeria Entrepreneurship Programme Decree

21 / 40

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

A. Marketing

B. Transport

C. Production

D. Distribution

22 / 40

22. __________ is undertaken by entrepreneur consciously and unconsciously.

A. Marketing

B. Money

C. Marketing Research

D. Business

23 / 40

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

A. Public enterprise

B. Public sector

C. Public Administration

D. Public Policy

24 / 40

24. ____replaced NEPD

A. NEFC

B. NEPA

C. ECOWAS

D. NEPB

25 / 40

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

A. Audit department

B. Human resources department

C. Finance department

D. Research department

26 / 40

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

A. Strategic Planning

B. Accounting

C. Transport

D. Production

27 / 40

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

A. Domestic trade

B. Foreign entrepreneurship trade

C. Investment trading

D. Foreign trade

28 / 40

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

A. Security reasons

B. Political reasons

C. Lack of information

D. Monopoly

29 / 40

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

A. Factories

B. Companies

C. Plants

D. Organizations

30 / 40

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

A. The government plays the role of regulator and facilitator

B. The government constitutes the smallest consumer of some businesses

C. The government provides incentives and tax holiday

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

31 / 40

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

A. Price

B. Demand

C. Production

D. Supply

32 / 40

32. The following are social responsibilities of business except

A. Sales of economically priced goods

B. Management and funding of other competitors

C. Creation of job opportunities

D. Provision of infrastructure

33 / 40

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

A. Create new market

B. Domestic markets are small

C. Government force the business

D. Increase profit and sales

34 / 40

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

A. Corporate trade

B. Factories

C. Commerce

D. Companies

35 / 40

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

A. Forecasting

B. International Trade

C. Internal Business

D. Foreign Affairs

36 / 40

36. In large organizations people work together as a

A. Division

B. Department

C. Unit

D. Areas

37 / 40

37.

NEPD was established

A. 1934

B. 1972

C. 1988

D. 1952

38 / 40

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

A. Privatization

B. Indigenization

C. Commercialization

D. Private administration

39 / 40

39. What is the full meaning of UAC?

A. Unity African Organization

B. Unity African Company

C. United Automatic Corporation

D. United African Company

40 / 40

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

A. Balance

B. Balance sheet

C. Ledger

D. Accounting

Your score is

The average score is 63%

BUS 102 CBT PRACTICE TEST

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