BUS/BUA 101 CBT PRACTICE

1. Which of the following is a characteristic of a business organization?

2. Non-profit organizations are primarily established to:

3. An agreement between two parties for the second party to have an item under some conditions, until such conditions are fulfill, the item is still that of the first party is called---.

4. The statutory of management science can be traced back to after the___ World War.

5. _________ is manageable

6. An _______ faces problem of how to finance his business.

7. How types of Businesses are memtioned in the study material?

8. Find the odd one out

9. Which of these is not a factor for consideration by a manufacturer in deciding on transportation of goods?

10. Who amongst of these is not a producer?

11. Management is

12. How many conditions must be fulfilled for a contract to be enforceable?

13. The accounting equation is assessed in a financial position statement called __________.

14. ‎Business is defined as a set of interrelated activities aimed at:

15. Who is known to the public as a partner but does not take active part in the management of the firm.

16. The _____ (mostly the secretary) needs to cultivate good telephone diplomacy.

17. The "Constitution" of the partnership is drawn by _________

18. ______ is mostly found in retailing business.

19. Which of these is not a factor that business can control?

20. Secrecy in operations is an advantage most associated with:

21. _______ are those features or conditions that can increase the cause of loss.

22. What class of contracts invloves two parties making mutal promiises?

23. The main motive of a sole-proprietorship is:

24. The sole-proprietorship business structure is owned, managed, and controlled by:

25. Kurfi( 2005) identified how many classes of contracts?

26. Which of thse is not a specific environment to business?

27. Which is not a condition for warranty?

28. When did Olusegun Obasanjo take over power as Nigerian elected President?

29. Non-profit organizations are primarily established to:

30. Which of the following is an advantage of a sole proprietorship?

31. What percetage of the workforce in the America was estimated to be in service business in the mid 90s?

32. _________Communication is a process of information transfer, which goes on within you as an individual.

33. "Many years ago, James Bumhan, in the management revolution argued that ownership had been divorce from control."

34. ________ is Is a promise or a commitment to do or reframe from doing some specifying things in the future.

35. The Double Entry Rule is applicable to the following class of accounts, except_________.

36. Which type of partnership exists only for a specific task or venture?

37. What document regulates the activities of the partnership business.

38. The classification of business organizations by stage in the production cycle includes:

39. Which of the following is an advantage of a sole proprietorship?

40. One of these is not a feature of Partnership. Which one?