BUS 102 CBT PRACTICE TEST

Ace/Undergragra July 29, 2023

0 758 1 minute read

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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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Created on July 29, 2023 By

Ace/Undergragra

BUS 102

1 / 40

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

A. Foreign Affairs

B. International Trade

C. Forecasting

D. Internal Business

2 / 40

2. 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

3 / 40

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

See also FMS 102 CBT PRACTICE TEST

A. Trade

B. Commercial trade

C. Commercialization

D. Market analysis

16 / 40

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

A. Public Policy

B. Public Administration

C. Public sector

D. Public enterprise

17 / 40

17. __________ is undertaken by entrepreneur consciously and unconsciously.

A. Marketing Research

B. Money

C. Business

D. Marketing

18 / 40

18. ____replaced NEPD

A. NEFC

B. ECOWAS

C. NEPB

D. NEPA

19 / 40

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

A. Strategic Planning

B. Production

C. Accounting

D. Transport

20 / 40

20. International Trade is divided into how many

A. 5

B. 2

C. 3

D. 6

21 / 40

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

A. Production

B. Distribution

C. Transport

D. Marketing

22 / 40

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

A. 3

B. 2

C. 5

D. 6

23 / 40

23. ________ shows departments and their responsibility

A. Organization Goals

B. Organizational Charts

C. Organization Structure

D. Organization divison of labour

24 / 40

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

A. Organizations

B. Plants

C. Companies

D. Factories

25 / 40

25. In large organizations people work together as a

A. Areas

B. Division

C. Department

D. Unit

26 / 40

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

A. Indigenization

B. Privatization

C. Commercialization

D. Fund raising

27 / 40

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

A. Privatization

B. Indigenization

C. Private administration

D. Commercialization

28 / 40

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

A. Finance department

B. Research department

C. Human resources department

D. Audit department

29 / 40

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

A. Brick making

B. Candle making

C. Hair dressing

D. Construction

30 / 40

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

A. Research Department

B. Personnel Department

C. Marketing department

D. Finance Department

31 / 40

31. 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

32 / 40

32. Which of these is a barrier to International Trade

A. Training

B. Sufficient capital

C. Education

D. Difference in currency

33 / 40

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

A. Commercial

B. Business profit analysis

C. Investment decision

D. Commercialization

34 / 40

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

A. Increase profit and sales

B. Domestic markets are small

C. Government force the business

D. Create new market

35 / 40

35. What is the full meaning of NEPD

A. Nigeria Entrepreneurship Programme Decree

B. Nigeria Enterprise Production Board

C. Nigeria Enterprises Promotion Decree

D. Nigeria Entrepreneurship Promotion Decree

36 / 40

36. 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

37 / 40

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

A. Provision of Loans and Grants

B. Controlling Prices

C. Setting up rules and regulations

D. Controlling Quality of Products

38 / 40

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

A. Foreign trade

B. Domestic trade

C. Investment trading

D. Foreign entrepreneurship trade

39 / 40

39. Privatization ensures efficiency of business

A. True

B. False

40 / 40

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

A. Finance

B. Personnel

C. Marketing

D. Research

Your score is

The average score is 68%

Ace/Undergragra July 29, 2023

0 758 1 minute read

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