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. Technology adoption within a business is key to

A. Globalizing the supply chain

B. Regulatory compliance

C. Enhancing customer experiences and internal processes

D. Captive market growth

2 / 43

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

A. Fairness

B. Transparency

C. Risk management

D. Profit maximization

3 / 43

3. NOTAP’s primary goal is to

A. Enforce tax audits

B. Protect domestic tech partners

C. Boost oil exports

D. Reduce employee compensation

4 / 43

4. Global market expansion compels businesses to revise

A. Workforce age distribution

B. Local tax rates

C. Branding and supply chain strategies

D. Internal staff management

5 / 43

5. Pollution control laws aim at

A. Reducing pollutants to acceptable levels

B. Encouraging illegal dumping

C. Increasing emissions

D. Banning recycling practices

6 / 43

6. The Employee Compensation Act mandates

A. Retirement planning

B. Employer-paid injury compensation

C. End-of-year bonuses

D. Fuel subsidies

7 / 43

7. Nigerian labor law requires contracts that provide

A. Profit-sharing terms only

B. Clear employment conditions

C. Political affiliations

D. Confidentiality of income

8 / 43

8. A key change under CAMA 2020 includes

A. Ban on foreign investors

B. Introduction of single-member companies

C. Elimination of business taxes

D. Removal of employee rights

9 / 43

9. External forces like customer expectations influence businesses by

A. Supporting isolated decision-making

B. Enabling static operations

C. Forcing adaptation to remain relevant

D. Promoting risk aversion

10 / 43

10. Intellectual property rights begin upon

A. Filing court case

B. Completion of publication

C. Expiry of trade license

D. Successful registration

11 / 43

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

A. Profit maximization

B. Risk management

C. Fairness

D. Transparency

12 / 43

12. Purpose of anti-corruption laws focuses on

A. Encouraging money laundering

B. Supporting embezzlement

C. Preventing abuse of power for private gain

D. Promoting bribery

13 / 43

13. Regulation benefits include

A. Curtailment of innovation

B. Removal of small businesses

C. Promotion of inflation

D. Protection of stakeholders and the environment

14 / 43

14. Company size most directly impacts

A. Economies of scale and agility

B. Investor trust

C. Branding strategies

D. Outsourcing frequency

15 / 43

15. FCCPC functions include

A. Handling banking regulations

B. Banning counterfeit goods and ensuring market fairness

C. Allocating mineral resources

D. Managing urban development

16 / 43

16. Stamp duties and capital gains tax are triggered by

A. Importing medical equipment

B. Hiring foreign staff

C. Changes in climate laws

D. Document processing and asset transfers

17 / 43

17. Technology contracts in Nigeria require regulation by

A. NOTAP

B. NNPC

C. CAC

D. EFCC

18 / 43

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

A. Competitive disruption

B. Purpose alignment

C. Economic obligations

D. External factors influencing hiring

19 / 43

19. Trademark registration starts with

A. Payment of VAT

B. Trademark publication

C. Application submission including details and logo

D. Physical inspection

20 / 43

20. Labor disputes in Nigeria fall under the jurisdiction of

A. Supreme Court

B. Economic Tribunal

C. National Industrial Court

D. National Assembly

21 / 43

21. Public-private partnerships are used to

A. Enforce trade bans

B. Nationalize industries

C. Avoid compliance audits

D. Drive economic development and infrastructure growth

22 / 43

22. Purpose of Environmental Impact Assessment (EIA) involves

A. Approving all projects without evaluation

B. Encouraging rapid urbanization

C. Preventing or minimizing harm to the environment

D. Maximizing profit

23 / 43

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

A. International competition

B. Community values

C. Sustainability trends

D. Technological innovation

24 / 43

24. Government regulations aim to ensure

A. Monopoly formation

B. Fair competition and societal welfare

C. Increased subsidies for exporters

D. Tax reduction for large corporations

25 / 43

25. A highly competitive marketplace often results in

A. Business disruption and innovation

B. Operational monopolies

C. Geographic expansion

D. Workforce downsizing

26 / 43

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

A. Whistleblower policy

B. Asset declaration form

C. Conflict resolution plan

D. Advertising campaign

27 / 43

27. Petroleum Profits Tax is primarily applied to

A. Transport companies

B. Textile manufacturers

C. Oil industry profits

D. Telecom equipment

28 / 43

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

A. Budgeting

B. Internal auditing

C. Public relations

D. Marketing research

29 / 43

29. Regulatory environments influence businesses by

A. Setting compliance obligations

B. Controlling geographic location

C. Determining staffing levels

D. Altering employee skills

30 / 43

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

A. Management culture

B. Customer expectations

C. Market globalization

D. Geography

31 / 43

31. National planning ensures sustainability by

A. Banning foreign travel

B. Limiting social media use

C. Funding election campaigns

D. Reducing resource exploitation and protecting the environment

32 / 43

32. Petroleum Profits Tax is primarily applied to

A. Oil industry profits

B. Textile manufacturers

C. Transport companies

D. Telecom equipment

33 / 43

33. Manipulating financial records

A. Disclosing environmental and social performance

B. Hiding operational data

C. Avoiding stakeholder engagement

D. Manipulating financial records

34 / 43

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

A. Integrity

B. Objectivity

C. Secrecy

D. Ambiguity

35 / 43

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

A. Issuing labor permits

B. Licensing telecom operators

C. Collecting corporate and value-added taxes

D. Providing microloans

36 / 43

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

A. Reporting

B. Scoping

C. Mitigation

D. Screening

37 / 43

37. A competitive market supported by regulation prevents

A. Investor trust

B. Fake imports

C. Consumer price reduction

D. Monopolies and unfair dominance

38 / 43

38. Investor pressure primarily leads businesses toward

A. Sustainability practices

B. Decentralized operations

C. Community engagement

D. Rapid scaling and immediate results

39 / 43

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

A. Business registration and ownership disclosure

B. Export inspections

C. Tax collection

D. Oil exploration

40 / 43

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

A. Transparency

B. Fairness

C. Profit maximization

D. Risk management

41 / 43

41. Government resource allocation focuses on

A. Gambling regulation

B. Sectors like health, education, and infrastructure

C. Stock market speculation

D. Luxury product taxation

42 / 43

42. Immigration services in business regulation ensure

A. Price stabilization

B. Oil production planning

C. Land allocation

D. Controlled foreign workforce entry

43 / 43

43. A competitive market supported by regulation prevents

A. Monopolies and unfair dominance

B. Investor trust

C. Fake imports

D. Consumer price reduction

Your score is

The average score is 55%

FUOYE BUS 208 CBT Practice

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