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. The following are the influences of government on business except

A. The government constitutes the smallest consumer of some businesses

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 plays the role of regulator and facilitator

2 / 40

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

A. Government force the business

B. Increase profit and sales

C. Domestic markets are small

D. Create new market

3 / 40

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

A. Political reasons

B. Security reasons

C. Monopoly

D. Lack of information

4 / 40

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

A. Facilitator

B. Fund raiser

C. Adviser

D. Lender

5 / 40

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

A. Indigenization

B. Privatization

C. Commercialization

D. Fund raising

6 / 40

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

A. Domestic trade

B. Investment trading

C. Foreign entrepreneurship trade

D. Foreign trade

7 / 40

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

A. 5

B. 2

C. 3

D. 6

8 / 40

8. In large organizations people work together as a

A. Areas

B. Department

C. Unit

D. Division

9 / 40

NEPD was established

A. 1988

B. 1972

C. 1952

D. 1934

10 / 40

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

A. Supply

B. Production

C. Demand

D. Price

11 / 40

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

A. Research department

B. Finance department

C. Human resources department

D. Audit department

12 / 40

12. ____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. Nominal

D. Inactive

13 / 40

13. 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

14 / 40

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

A. Trade

B. Market analysis

C. Commercialization

D. Commercial trade

15 / 40

15. What is the full meaning of UAC?

A. Unity African Organization

B. Unity African Company

C. United Automatic Corporation

D. United African Company

16 / 40

16. The following are regulating roles of government except

A. Controlling if prices to arrest inflationary trend

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

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

17 / 40

17. The following are social responsibilities of business except

A. Sales of economically priced goods

B. Creation of job opportunities

C. Management and funding of other competitors

D. Provision of infrastructure

18 / 40

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

A. Organizing

B. Directing

C. Authority

D. Functional organization

19 / 40

19. International Trade is divided into how many

A. 3

B. 6

C. 5

D. 2

20 / 40

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

A. Indigenization

B. Privatization

C. Commercialization

D. Private administration

21 / 40

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

A. Foreign Affairs

B. Forecasting

C. International Trade

D. Internal Business

22 / 40

22. What is the full meaning of NEPD

A. Nigeria Enterprise Production Board

B. Nigeria Entrepreneurship Promotion Decree

C. Nigeria Enterprises Promotion Decree

D. Nigeria Entrepreneurship Programme Decree

23 / 40

23. ____replaced NEPD

A. NEPA

B. ECOWAS

C. NEPB

D. NEFC

24 / 40

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

A. Controlling Quality of Products

B. Setting up rules and regulations

C. Provision of Loans and Grants

D. Controlling Prices

25 / 40

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

A. Public Administration

B. Public enterprise

C. Public Policy

D. Public sector

26 / 40

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

A. Production

B. Transport

C. Accounting

D. Strategic Planning

27 / 40

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

A. Brick making

B. Candle making

C. Hair dressing

D. Construction

28 / 40

28. ________ shows departments and their responsibility

A. Organization Goals

B. Organization Structure

C. Organization divison of labour

D. Organizational Charts

29 / 40

29. NEPB has the following objectives except

A. Improve Import Substitution

B. Transfer Business to Indigenes

C. Explore local. market and trade

D. Transfer more wealth to Nigerians

30 / 40

30. Which of these is a barrier to International Trade

A. Training

B. Difference in currency

C. Education

D. Sufficient capital

31 / 40

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

A. Secret

B. Active

C. Inactive

D. Nominal

32 / 40

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

A. Companies

B. Corporate trade

C. Factories

D. Commerce

33 / 40

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

A. Finance

B. Marketing

C. Personnel

D. Research

34 / 40

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

A. Commercialization

B. Business profit analysis

C. Commercial

D. Investment decision

35 / 40

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

A. Organizations

B. Plants

C. Factories

D. Companies

36 / 40

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

A. Marketing

B. Distribution

C. Production

D. Transport

37 / 40

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

A. Balance

B. Ledger

C. Accounting

D. Balance sheet

38 / 40

38. Privatization ensures efficiency of business

A. False

B. True

39 / 40

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

A. Corporate trade

B. Stake Holders

C. Partnership trade

D. Sole trade

40 / 40

40. __________ is undertaken by entrepreneur consciously and unconsciously.

A. Marketing

B. Money

C. Marketing Research

D. Business

Your score is

The average score is 60%

FUOYE BUA 102 CBT Practice

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