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 208 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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BUS 208

1 / 43

1. National planning ensures sustainability by

A. Reducing resource exploitation and protecting the environment

B. Banning foreign travel

C. Limiting social media use

D. Funding election campaigns

2 / 43

2. Component of EIA that identifies environmental aspects for study is

A. Scoping

B. Reporting

C. Mitigation

D. Screening

3 / 43

3. Principle of corporate governance that ensures fair treatment of all shareholders is

A. Transparency

B. Fairness

C. Risk management

D. Profit maximization

4 / 43

4. NOTAP’s primary goal is to

A. Reduce employee compensation

B. Enforce tax audits

C. Protect domestic tech partners

D. Boost oil exports

5 / 43

5. Technology adoption within a business is key to

A. Regulatory compliance

B. Enhancing customer experiences and internal processes

C. Captive market growth

D. Globalizing the supply chain

6 / 43

6. Petroleum Profits Tax is primarily applied to

A. Textile manufacturers

B. Transport companies

C. Oil industry profits

D. Telecom equipment

7 / 43

7. A competitive market supported by regulation prevents

A. Fake imports

B. Investor trust

C. Monopolies and unfair dominance

D. Consumer price reduction

8 / 43

8. The Federal Inland Revenue Service (FIRS) is responsible for

A. Providing microloans

B. Issuing labor permits

C. Collecting corporate and value-added taxes

D. Licensing telecom operators

9 / 43

9. Tool used by organizations to report ethical misconduct safely is

A. Advertising campaign

B. Asset declaration form

C. Whistleblower policy

D. Conflict resolution plan

10 / 43

10. Principle of corporate governance that ensures fair treatment of all shareholders is

A. Transparency

B. Profit maximization

C. Fairness

D. Risk management

11 / 43

11. Government regulations aim to ensure

A. Monopoly formation

B. Tax reduction for large corporations

C. Fair competition and societal welfare

D. Increased subsidies for exporters

12 / 43

12. Purpose of Environmental Impact Assessment (EIA) involves

A. Preventing or minimizing harm to the environment

B. Maximizing profit

C. Approving all projects without evaluation

D. Encouraging rapid urbanization

13 / 43

13. Regulation benefits include

A. Removal of small businesses

B. Curtailment of innovation

C. Promotion of inflation

D. Protection of stakeholders and the environment

14 / 43

14. Government resource allocation focuses on

A. Luxury product taxation

B. Sectors like health, education, and infrastructure

C. Gambling regulation

D. Stock market speculation

15 / 43

15. A highly competitive marketplace often results in

A. Workforce downsizing

B. Operational monopolies

C. Geographic expansion

D. Business disruption and innovation

16 / 43

16. Purpose of anti-corruption laws focuses on

A. Promoting bribery

B. Supporting embezzlement

C. Encouraging money laundering

D. Preventing abuse of power for private gain

17 / 43

17. Nigerian labor law requires contracts that provide

A. Profit-sharing terms only

B. Confidentiality of income

C. Clear employment conditions

D. Political affiliations

18 / 43

18. FCCPC functions include

A. Handling banking regulations

B. Allocating mineral resources

C. Banning counterfeit goods and ensuring market fairness

D. Managing urban development

19 / 43

19. The Corporate Affairs Commission (CAC) in Nigeria handles

A. Tax collection

B. Business registration and ownership disclosure

C. Export inspections

D. Oil exploration

20 / 43

20. Global market expansion compels businesses to revise

A. Local tax rates

B. Internal staff management

C. Workforce age distribution

D. Branding and supply chain strategies

21 / 43

21. External forces like customer expectations influence businesses by

A. Supporting isolated decision-making

B. Forcing adaptation to remain relevant

C. Promoting risk aversion

D. Enabling static operations

22 / 43

22. A significant factor within an organization's control that influences innovation and risk appetite is

A. Geography

B. Customer expectations

C. Management culture

D. Market globalization

23 / 43

23. Stamp duties and capital gains tax are triggered by

A. Document processing and asset transfers

B. Changes in climate laws

C. Hiring foreign staff

D. Importing medical equipment

24 / 43

24. A competitive market supported by regulation prevents

A. Consumer price reduction

B. Fake imports

C. Investor trust

D. Monopolies and unfair dominance

25 / 43

25. A key change under CAMA 2020 includes

A. Elimination of business taxes

B. Introduction of single-member companies

C. Removal of employee rights

D. Ban on foreign investors

26 / 43

26. Public-private partnerships are used to

A. Nationalize industries

B. Enforce trade bans

C. Avoid compliance audits

D. Drive economic development and infrastructure growth

27 / 43

27. Regulatory environments influence businesses by

A. Controlling geographic location

B. Setting compliance obligations

C. Altering employee skills

D. Determining staffing levels

28 / 43

28. In rural locations, business focus is often shaped by

A. Sustainability trends

B. International competition

C. Technological innovation

D. Community values

29 / 43

29. Pollution control laws aim at

A. Banning recycling practices

B. Increasing emissions

C. Reducing pollutants to acceptable levels

D. Encouraging illegal dumping

30 / 43

30. Trademark registration starts with

A. Trademark publication

B. Physical inspection

C. Application submission including details and logo

D. Payment of VAT

31 / 43

31. Intellectual property rights begin upon

A. Completion of publication

B. Expiry of trade license

C. Successful registration

D. Filing court case

32 / 43

32. Principle of corporate governance that ensures fair treatment of all shareholders is

A. Transparency

B. Profit maximization

C. Risk management

D. Fairness

33 / 43

33. The Employee Compensation Act mandates

A. Retirement planning

B. Fuel subsidies

C. End-of-year bonuses

D. Employer-paid injury compensation

34 / 43

34. Technology contracts in Nigeria require regulation by

A. NOTAP

B. EFCC

C. NNPC

D. CAC

35 / 43

35. Feature of business ethics that reflects honesty and transparency is

A. Ambiguity

B. Secrecy

C. Objectivity

D. Integrity

36 / 43

36. Petroleum Profits Tax is primarily applied to

A. Telecom equipment

B. Textile manufacturers

C. Transport companies

D. Oil industry profits

37 / 43

37. Investor pressure primarily leads businesses toward

A. Decentralized operations

B. Rapid scaling and immediate results

C. Community engagement

D. Sustainability practices

38 / 43

38. Labor disputes in Nigeria fall under the jurisdiction of

A. Supreme Court

B. National Industrial Court

C. National Assembly

D. Economic Tribunal

39 / 43

39. Company size most directly impacts

A. Outsourcing frequency

B. Branding strategies

C. Economies of scale and agility

D. Investor trust

40 / 43

40. Immigration services in business regulation ensure

A. Controlled foreign workforce entry

B. Land allocation

C. Price stabilization

D. Oil production planning

41 / 43

41. Process that helps detect fraud and errors in financial systems is

A. Marketing research

B. Budgeting

C. Public relations

D. Internal auditing

42 / 43

42. Workforce diversity and alignment with social justice initiatives are examples of

A. Competitive disruption

B. External factors influencing hiring

C. Economic obligations

D. Purpose alignment

43 / 43

43. Manipulating financial records

A. Manipulating financial records

B. Disclosing environmental and social performance

C. Hiding operational data

D. Avoiding stakeholder engagement

Your score is

The average score is 55%

FUOYE BUS 208 CBT Practice

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