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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1109

Created on July 29, 2023 By

Ace/Undergragra

BUS 102

1 / 40

1. ____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

2 / 40

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

A. Indigenization

B. Private administration

C. Privatization

D. Commercialization

3 / 40

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

A. Finance Department

B. Research Department

C. Marketing department

D. Personnel Department

4 / 40

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

A. Lack of information

B. Security reasons

C. Political reasons

D. Monopoly

5 / 40

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

A. The government provides incentives and tax holiday

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

C. The government plays the role of regulator and facilitator

D. The government constitutes the smallest consumer of some businesses

6 / 40

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

A. Privatization

B. Fund raising

C. Commercialization

D. Indigenization

7 / 40

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

A. Adviser

B. Fund raiser

C. Facilitator

D. Lender

8 / 40

8. ____replaced NEPD

A. ECOWAS

B. NEPB

C. NEPA

D. NEFC

9 / 40

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

A. Human resources department

B. Audit department

C. Research department

D. Finance department

10 / 40

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

A. Marketing

B. Distribution

C. Production

D. Transport

11 / 40

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

A. Sole trade

B. Stake Holders

C. Partnership trade

D. Corporate trade

12 / 40

12. The following are regulating roles of government except

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

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 if prices to arrest inflationary trend

13 / 40

13. ________ shows departments and their responsibility

A. Organization Structure

B. Organizational Charts

C. Organization divison of labour

D. Organization Goals

14 / 40

14. 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. Inactive

C. Secret

D. Nominal

15 / 40

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

A. Setting up rules and regulations

B. Controlling Quality of Products

C. Provision of Loans and Grants

D. Controlling Prices

16 / 40

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

A. Strategic Planning

B. Transport

C. Accounting

D. Production

17 / 40

17. In large organizations people work together as a

A. Areas

B. Department

C. Division

D. Unit

18 / 40

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

A. Investment decision

B. Commercial

C. Commercialization

D. Business profit analysis

19 / 40

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

A. Public sector

B. Public Policy

C. Public Administration

D. Public enterprise

20 / 40

20. Which of these is a barrier to International Trade

A. Difference in currency

B. Sufficient capital

C. Education

D. Training

21 / 40

21. International Trade is divided into how many

A. 5

B. 6

C. 3

D. 2

22 / 40

22. __________ is undertaken by entrepreneur consciously and unconsciously.

A. Business

B. Money

C. Marketing

D. Marketing Research

23 / 40

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

A. Increase profit and sales

B. Government force the business

C. Domestic markets are small

D. Create new market

24 / 40

24. Privatization ensures efficiency of business

A. False

B. True

25 / 40

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

A. Production

B. Demand

C. Price

D. Supply

26 / 40

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

A. Trade

B. Market analysis

C. Commercial trade

D. Commercialization

27 / 40

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

A. Domestic trade

B. Foreign entrepreneurship trade

C. Foreign trade

D. Investment trading

28 / 40

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

A. 6

B. 3

C. 2

D. 5

29 / 40

29. The following are social responsibilities of business except

A. Management and funding of other competitors

B. Sales of economically priced goods

C. Creation of job opportunities

D. Provision of infrastructure

30 / 40

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

A. Hair dressing

B. Candle making

C. Brick making

D. Construction

31 / 40

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

A. Ledger

B. Balance sheet

C. Balance

D. Accounting

32 / 40

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

A. Authority

B. Organizing

C. Functional organization

D. Directing

33 / 40

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

A. Organizations

B. Plants

C. Companies

D. Factories

34 / 40

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

A. Research

B. Marketing

C. Finance

D. Personnel

35 / 40

35. What is the full meaning of NEPD

A. Nigeria Entrepreneurship Promotion Decree

B. Nigeria Entrepreneurship Programme Decree

C. Nigeria Enterprises Promotion Decree

D. Nigeria Enterprise Production Board

36 / 40

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

A. Commerce

B. Corporate trade

C. Factories

D. Companies

37 / 40

37.

NEPD was established

A. 1988

B. 1934

C. 1972

D. 1952

38 / 40

38. What is the full meaning of UAC?

A. Unity African Company

B. United African Company

C. Unity African Organization

D. United Automatic Corporation

39 / 40

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

A. International Trade

B. Foreign Affairs

C. Internal Business

D. Forecasting

40 / 40

40. NEPB has the following objectives except

A. Explore local. market and trade

B. Improve Import Substitution

C. Transfer Business to Indigenes

D. Transfer more wealth to Nigerians

Your score is

The average score is 61%

FUOYE BUA 102 CBT Practice

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