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Category: BUS205

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BUS205

1 / 50

______ environment economy and technology has a serious effect on business.

2 / 50

_______ is the point reached when the money from product sales equals the costs of making and distributing the product.

3 / 50

__________ income is used to buy items to meet basic needs.

4 / 50

_______ use resources to be able to perform their functions

5 / 50

_________means something looking or resembling something.

6 / 50

__________ affects every sphere of human endeavor.

7 / 50

The _______ environment consists of institutions and people that make up a social grouping.

8 / 50

_________ is manageable.

9 / 50

______ need to understand the changing technological environment and how new technologies can serve human needs.

10 / 50

_________ is also defined as the kindness or money that has to be paid for a commodity or service.

11 / 50

A business concern cannot operate in isolation; there are forces that shape every business. True or False

12 / 50

The __________ is the total amount supplied by owner of the business.

13 / 50

_______ is the value that products and sellers place on goods or services.

14 / 50

_______ are those features or conditions that can increase the cause of loss.

15 / 50

Many years ago, _______, in the management revolution argued that ownership had been divorce from control.

16 / 50

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

17 / 50

_____ said a person by his conduct or acquisance allows others to believe in a state of things and they acted to his detriment.

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______ is pooling of risk together for the benefit of those who agree to do so.

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________ creates opportunities for a company to increase consumer satisfaction and thereby gain competitive advantage over others.

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________is defined as “everything the customer receives that is of value in terms of a perceived want, need or problem”.

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____ is defined as an organization in which line authority,staff authority and functional authority exist together.

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_________refers to the magnitude of such outcome when it occurs.

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_______ researchers also gather information from a wider group of people.


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_______ can be measured to a certain degree of available statistics.

25 / 50

_________ risk on the other hand is the type of risk that has three possibilities.

26 / 50

Cash account or cash book is a part of _____.

27 / 50

One of the consistent characteristics of an entrepreneur is his desire for ________.

28 / 50

______ face a downward – sloping market demand curve and therefore have the price to fix either price or output, but not both.

29 / 50

__________ is undertaken by entrepreneur consciously and unconsciously.

30 / 50

_________ is made up of trade and all activities that make trade possible.

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_________ developed idea on incentive scheme.

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______is a promise or a commitment to do or reframe from doing some specifying things in the future.

33 / 50

______ reduces the amount of labour in the production process materials and machinery become relatively more important.

34 / 50

The products of oligopolistic industries may be identical or __________.

35 / 50

The public is becoming an increasingly vocal component of the external environment of business. True or False

36 / 50

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

37 / 50

______is the exchange of words between or among people in a way or manner that produces understanding.

38 / 50

__________ type of business is the oldest type of business in Nigeria.

39 / 50

A____partner is one who is not actually a partner but who allows his name to be used in the partnership

40 / 50

_______ provides goods and services to you.

41 / 50

__________ environment could be looked at from the point of view of the type of leadership in the nation.

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__________ consists of a number of firms.

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__________ provides to the general public what we call social responsibility.

44 / 50

____ risks are risks which both its origin and its consequential effect is impersonal.

45 / 50

The whole nature of society is that the numbers of it are ___________.

46 / 50

Managers are the decision makers in an organization. True or False

47 / 50

A prospective successful designer should have a __________ policy in place.

48 / 50

________is pooling of risk together for the benefit of those who agree to do so

49 / 50

________ recognize opportunities where they are and they utilize them by producing product or services that will fill the vacuum identified.

50 / 50

_____ hazards refer to those physical characteristics that can enhance the possibility and severity of loss from a peril.

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