BUS 101 CBT PRACTICE

1. Which of the following is a function of management?

2. Policy formulation is a function of the

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

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

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

6. The same number of people are required in the onwership of a busines as well as in the case of a bank.

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

8. ______ is mostly found in retailing business.

9. One of the following does not portend a positive side of managers of a business.

10. "The Nigerian factor has contributed to businesses that are not carrying out its social responsibility"

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

12. Who had identified the cultural characteristics and trend that may be of interest to business?

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

14. Find the odd one out

15. Quantum meruit as one of remedies for contracts could be claimed in a variety of circumstances, except one_____.

16. Management is

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

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

19. How many types of partners exist in a partnership?

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

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

22. Which of these is not an advantage to sole proprietorship?

23. Which of these kind of companies are their liabilities not limited by the money they have contributed to the business?

24. Which Companies Registration Document contains notices, circular, advertisement or other invitation offering the public subscription or purchase of shares or debentures

25. Who amongst of these is not a producer?

26. How many different types of Laws affect business in Nigeria ?

27. _____ use resources to be able to perform their functions

28. ____- include Specialization and the division of labour.

29. A----------- is an association of investors who buy or own shares in a company for the purpose of carrying on a business

30. 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---.

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

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

33. ______ is not an account itself and it is not part and parcel of the double entry system.

34. When you add value to product s in their natural forms you are a ______________.

35. _______ benefit from business training opportunity.

36. There basically _____ types of Partnerships.

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

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

39. One of these is not an advantage of Partnership?

40. What is the maximum number of people allowed to form a Private Limited Liability Company?