BUS/BUA 101 CBT PRACTICE

1. Personal savings, credit purchases, and loans from cooperative societies are examples of:

2. Policy formulation is a function of the

3. _______ benefit from business training opportunity.

4. How partners are required to sign the Article of Association to make enforceable?

5. A contract may be discharged by the following way, except on the basis of _______.

6. 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---.

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

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

9. Which of the following is a source of funds for a partnership?

10. There basically _____ types of Partnerships.

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

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

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

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

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

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

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

18. Non-profit organizations are primarily established to:

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

20. The sources of funds for a partnership do not include which of these_____________.

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

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

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

24. The failure of a sole proprietorship affects the owner because of:

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

26. A ___ partner is that who is active in the affairs of the business but not known to the public as a partner.

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

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

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

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

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

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

33. Which of the following is an example of a social objective of a business?

34. One of the demerits of a partnership is:

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

36. A contract may be declared null and void except under which condition?

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

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

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

40. Management is