BUS 102 CBT PRACTICE TEST

Ace/Undergragra July 29, 2023

0 843 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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289

Created on July 29, 2023 By

Ace/Undergragra

BUS 102

1 / 40

1. The following are regulating roles of government except

A. Controlling if prices to arrest inflationary trend

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

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

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

2 / 40

2. International Trade is divided into how many

A. 2

B. 3

C. 5

D. 6

3 / 40

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

A. Foreign trade

B. Domestic trade

C. Investment trading

D. Foreign entrepreneurship trade

4 / 40

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

A. Personnel

B. Marketing

C. Finance

D. Research

5 / 40

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

A. International Trade

B. Foreign Affairs

C. Forecasting

D. Internal Business

6 / 40

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

A. Market analysis

B. Trade

C. Commercial trade

D. Commercialization

7 / 40

7. In large organizations people work together as a

A. Division

B. Areas

C. Unit

D. Department

8 / 40

8. 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

9 / 40

9. ________ shows departments and their responsibility

A. Organization Structure

B. Organization Goals

C. Organizational Charts

D. Organization divison of labour

10 / 40

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

A. Distribution

B. Transport

C. Production

D. Marketing

11 / 40

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

A. Commercial

B. Commercialization

C. Business profit analysis

D. Investment decision

12 / 40

12. 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. Nominal

C. Active

D. Inactive

13 / 40

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

A. Monopoly

B. Lack of information

C. Political reasons

D. Security reasons

14 / 40

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

A. Ledger

B. Balance sheet

C. Balance

D. Accounting

15 / 40

15.

NEPD was established

A. 1952

B. 1988

C. 1934

D. 1972

16 / 40

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

A. 3

B. 6

C. 5

D. 2

17 / 40

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

A. Public enterprise

B. Public Policy

C. Public sector

D. Public Administration

18 / 40

18. NEPB has the following objectives except

A. Transfer Business to Indigenes

B. Transfer more wealth to Nigerians

C. Explore local. market and trade

D. Improve Import Substitution

19 / 40

19. 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

20 / 40

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

A. Human resources department

B. Finance department

C. Audit department

D. Research department

21 / 40

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

A. Factories

B. Companies

C. Organizations

D. Plants

22 / 40

22. The following are social responsibilities of business except

A. Sales of economically priced goods

B. Creation of job opportunities

C. Provision of infrastructure

D. Management and funding of other competitors

23 / 40

23. What is the full meaning of UAC?

A. United African Company

B. Unity African Organization

C. Unity African Company

D. United Automatic Corporation

24 / 40

24. __________ is undertaken by entrepreneur consciously and unconsciously.

A. Marketing

B. Marketing Research

C. Business

D. Money

25 / 40

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

A. Personnel Department

B. Finance Department

C. Marketing department

D. Research Department

26 / 40

26. 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

27 / 40

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

A. Brick making

B. Construction

C. Hair dressing

D. Candle making

28 / 40

28. ____replaced NEPD

A. ECOWAS

B. NEPB

C. NEFC

D. NEPA

29 / 40

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

A. Production

B. Price

C. Supply

D. Demand

30 / 40

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

A. Sleeping

B. Nominal

C. Active

D. Inactive

31 / 40

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

A. Accounting

B. Strategic Planning

C. Transport

D. Production

32 / 40

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

A. Directing

B. Functional organization

C. Authority

D. Organizing

33 / 40

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

A. Corporate trade

B. Factories

C. Commerce

D. Companies

34 / 40

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

A. Facilitator

B. Adviser

C. Fund raiser

D. Lender

35 / 40

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

A. Indigenization

B. Privatization

C. Private administration

D. Commercialization

36 / 40

36. Privatization ensures efficiency of business

A. True

B. False

37 / 40

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

A. Fund raising

B. Commercialization

C. Indigenization

D. Privatization

38 / 40

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

A. Increase profit and sales

B. Create new market

C. Government force the business

D. Domestic markets are small

39 / 40

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

A. Partnership trade

B. Corporate trade

C. Sole trade

D. Stake Holders

40 / 40

40. Which of these is a barrier to International Trade

A. Training

B. Sufficient capital

C. Difference in currency

D. Education

Your score is

The average score is 66%

Please do well to drop a comment if this has really helped you. Thanks❤️

Ace/Undergragra July 29, 2023

0 843 1 minute read

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