BUS 102 CBT PRACTICE TEST

1. What is the full meaning of UAC?

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

3. __________ is undertaken by entrepreneur consciously and unconsciously.

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

5. Privatization ensures efficiency of business

6. What is the full meaning of NEPD

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

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

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

10. International Trade is divided into how many

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

12. Which of these is a barrier to International Trade

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

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

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

16. In large organizations people work together as a

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

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

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

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

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

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

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

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

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

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

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

28.

NEPD was established

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

30. ____replaced NEPD

31. ________ shows departments and their responsibility

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

33. The following are regulating roles of government except

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

35. NEPB has the following objectives except

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

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

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

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

40. The following are social responsibilities of business except