Category: BUS205 0 BUS205 1 / 50 _______ are those features or conditions that can increase the cause of loss. Argument Hazards Disagreement none of them 2 / 50 _______ is the point reached when the money from product sales equals the costs of making and distributing the product. Check 3 / 50 ______ environment economy and technology has a serious effect on business. Check 4 / 50 ______ reduces the amount of labour in the production process materials and machinery become relatively more important. Check 5 / 50 The __________ is the total amount supplied by owner of the business. Check 6 / 50 __________ is undertaken by entrepreneur consciously and unconsciously. Money Marketing research Business Marketing 7 / 50 Cash account or cash book is a part of _____. balance accounting ledger balance sheet 8 / 50 ________ recognize opportunities where they are and they utilize them by producing product or services that will fill the vacuum identified. Check 9 / 50 A____partner is one who is not actually a partner but who allows his name to be used in the partnership normal active sleeping inactive 10 / 50 ______ need to understand the changing technological environment and how new technologies can serve human needs. Check 11 / 50 __________ provides to the general public what we call social responsibility. Industries Business Environment Companies 12 / 50 _______ is the value that products and sellers place on goods or services. price production demand supply 13 / 50 ______is the exchange of words between or among people in a way or manner that produces understanding. Check 14 / 50 Managers are the decision makers in an organization. True or False Check 15 / 50 ____ risks are risks which both its origin and its consequential effect is impersonal. Particular Speculative Fundamental Paril 16 / 50 ________is pooling of risk together for the benefit of those who agree to do so Check 17 / 50 Many years ago, _______, in the management revolution argued that ownership had been divorce from control. Check 18 / 50 __________ consists of a number of firms. Check 19 / 50 _______ can be measured to a certain degree of available statistics. Check 20 / 50 ____ is defined as an organization in which line authority,staff authority and functional authority exist together. directing Authority organizing functional organisations 21 / 50 ______ face a downward – sloping market demand curve and therefore have the price to fix either price or output, but not both. Check 22 / 50 __________ income is used to buy items to meet basic needs. Check 23 / 50 A prospective successful designer should have a __________ policy in place. Check 24 / 50 ________ creates opportunities for a company to increase consumer satisfaction and thereby gain competitive advantage over others. Check 25 / 50 A ___ partner is that who is active in the affairs of the business but not known to the public as a partner. sleeping secret active inactive 26 / 50 The public is becoming an increasingly vocal component of the external environment of business. True or False Check 27 / 50 _____ said a person by his conduct or acquisance allows others to believe in a state of things and they acted to his detriment. Check 28 / 50 _________means something looking or resembling something. Check 29 / 50 The _______ environment consists of institutions and people that make up a social grouping. Check 30 / 50 ________is defined as “everything the customer receives that is of value in terms of a perceived want, need or problem”. Check 31 / 50 _________ is made up of trade and all activities that make trade possible. Companies Commerce Factories corporate trade 32 / 50 __________ affects every sphere of human endeavor. Communication Internet Technology Online 33 / 50 _____ hazards refer to those physical characteristics that can enhance the possibility and severity of loss from a peril. Check 34 / 50 The whole nature of society is that the numbers of it are ___________. Check 35 / 50 __________ environment could be looked at from the point of view of the type of leadership in the nation. Check 36 / 50 _______ researchers also gather information from a wider group of people. Check 37 / 50 The products of oligopolistic industries may be identical or __________. Check 38 / 50 _________ is a process of information transfer, which goes on within you as an individual. Check 39 / 50 ______is a promise or a commitment to do or reframe from doing some specifying things in the future. Check 40 / 50 _________refers to the magnitude of such outcome when it occurs. Assurance none of them Severity Risk 41 / 50 _______ use resources to be able to perform their functions Organisations Companies Plant Factories 42 / 50 _________ is also defined as the kindness or money that has to be paid for a commodity or service. Check 43 / 50 __________ can be rules or guiding principles of a community. Public policy public enterprise public administration public sector 44 / 50 ______ is pooling of risk together for the benefit of those who agree to do so. Agreement Insurance Assurance Arrangement 45 / 50 __________ type of business is the oldest type of business in Nigeria. stakeholders Partnership trade corporate trade Sole trade 46 / 50 _________Communication is a process of information transfer, which goes on within you as an individual. Intrapersonal none of them Interpersonal written 47 / 50 _______ provides goods and services to you. Industries Business companies Plant 48 / 50 One of the consistent characteristics of an entrepreneur is his desire for ________. Check 49 / 50 _________ is manageable. Assurance none of them Risk Insurance 50 / 50 A business concern cannot operate in isolation; there are forces that shape every business. True or False Check Restart quiz Rate this quiz Send feedback
