Q1 involves dividing the business along functional units.
Q2 A key aspect of planning is to budget for the necessary to execute a plan.
Q3 Every good business should have operating
Q4
is essentially deciding in advance what is to be done, how it will be
done, who will do it, what resources will be used and of course the
implementation and control.
Q5 There are basic functions of the entrepreneur.
Q6 according to economic theory is the person who coordinates the other three factors of production.
Q7 There are factors of production.
Q8 The key utility items are supply and water supply.
Q9 Sachet water plant has production capacity of two thousand sachets
per hour and is only running one shift, per day, then the actual
capacity is
Q10 The capacity of a plant is dictated by market forces.
Q11 if a bakery can bake one thousand loaves of bread per hour, then daily installed capacity of the bakery is
Q12 There are types of capacities in relation to production.
Q13 The plan is an output plan.
Q14 business plan is divided into core components
Q15 A is a document which sets out what a business is all about, what the business is going to do and how it is going to do it.
Q16 __discipline refers to the manner in which customers will receive service as they arrive the bank.
Q17 Garri is produced from which is widely grown in most Southern parts of Nigeria.
Q18 __are those that people buy at the spur of the moment.
Q19 is defined as the arrangement of the fixtures, equipment and machinery.
Q20 A must be spacious enough to accommodate sufficient goods for distribution to the retailers.
Q21 __centres attract a lot of traffic and the entrepreneur should be fully aware of that fact.
Q22 in the rural areas will tend to locate near the local primary and secondary schools
Q23 When competition is healthy, it leads to increased for participants.
Q24 A major problem facing a start-up business is how to choose a location.
Q25 An space is a table which sets out a list of goods and services against their demand levels.
Q26 goods are goods that are purchased frequently.
Q27 goods as those goods that are used for very long periods and the purchase of which are made infrequently.
Q28
_as those goods that are very essential and the consumption of which
are considered very compulsory for virtually every member of society.
Q29 trends will emerge from the interplay of fiscal and monetary policies.
Q30 The total work force in Nigeria can be divided into
Q31 is the study of human populations and the ways in which they change.
Q32 Going by the population figures, the total population as per __census amounted to a figure of 140,003,542 made up of 71,709,859 males and 68,293,683 females.
Q33 The of a country determines the level of demand for goods and services.
Q34 Success in entrepreneurship requires deep and knowledge on the part of the entrepreneur.
Q35 as the ability to process and arrange information that leads to new knowledge.
Q36 Communication provides a between people in an organization.
Q37 Communication could be between an enterprise and parties or customers.
Q38 is the process of exchanging information between one person and another.
Q39 __is a non-human factor of production.
Q40 __competence is a bundle of skills which a business possesses and uses same to provide goods and services to its customers.
Q41 _ordinarily refers to the ability of the entrepreneur to understand the business in question.
Q42 and effective managers make a lot of difference in an organization.
Q43 brings the other factors of production together.
Q44 A is one who buys goods from A and sells the same goods to B at a much higher price.
Q45 as one that is independently owned and operated and is not dominant in its field of operation.C4
Q46 The companies decree of 1968 was replaced by the Companies and Allied Matters Decree (CAMD) which is the current source of Nigerian Company Law.
Q47 The companies ordinance of was replaced by a new companies ordinance of 1922 later known as the Companies Act, 1922.
Q48 A partnership business is called a
Q49 Which one of the following is NOT an ideal state of a partnership
Q50 Lack of operational restrictions is another major advantages of a
Q51 The control function of the entrepreneur basically involves the and correction of the performance of the business activities to ensure that organization objectives are being met.
Q52 A major problem facing a start-up business is how to choose a good
Q53 leadership style structures the job of his subordinates and ensures that they perform the assigned tasks.
Q54
is the act or process of influencing or guiding people so that they
will strive willingly towards achievement of group or corporate
objectives.
Q55 are goods that are purchased frequently.
Q56 can defined as those goods that are used for a very long period and the purchase of which are made infrequently.
Q57 is the ability to process and arrange information that leads to new knowledge.
Q58 is the process of exchanging information between one person and another.
Q59
has been defined as the relationship which subsists between persons
carrying on a business in common with a view to make profit.
Q60 is one of the simplest and most popular form of business organization.
Q61 Which statement shows the inflows and outflows of cash for a period.
Q62 Which statement is a financial statement that
reports the success (profit) or failure (loss) of a business during a
period.
Q63 The bank is the lessor while the customer of the bank is called?
Q64 What savings is one of the sources of finance for the small business.
Q65 In what year was Deming preaching quality to American firms but nobody seemed to listen to him.
Q66 Which is a carefully planned and managed process that involves the entire staff of an organization and its system.
Q67 Which one of the following means that the product
or service to be delivered must meet the minimum acceptable standards
or exceed it through operations management.
Q68 Which one of the following is a system through
which suppliers, outputs and customers are monitored strategically for
planning purposes.
Q69 Which one of a system is a reference to the finished service.
Q70 Which one of the following consist of the resources that are used to produce the desired output.
Q71 Which one of the following system is the fusion
of operations management concepts, procedures, technologies and people
who coordinate the system.
Q72 Which of the following is at the root of competition in service based organizations.
Q73 The objective of the financial plan is to determine the financial outlays and inflows of the project.
Q74 Which one of the following refers to a set of quantities and prices relating to a product or service.
Q75 Which one of the following refers to the person
or organization who uses the product or service for personal
satisfaction or benefit.
Q76 The term customer refers to a person or organization who buys a particular product or service.
Q77 The marketing components of a business plan are basically a marketing plan.
Q78 There are three general types of competitive strategy from which the entrepreneur can select.
Q79 Competition in industry is governed by twelve major factors.
Q80 Which one of the following is a planned commitment of resources and energies towards achieving organizational objectives.
Q81 The key utility items are powe supply and water supply.
Q82 Sachet water plant has production capacity of
2000 sachets per hour and is only running one shift, per day, then the
actual capacity is?
Q83 What capacity of a plant is dictated by market forces.
Q84 if a bakery can bake 1000 loaves of bread per hour, then daily installed capacity of the bakery is?
Q85 There are how many types of capacities in relation to production.
Q86 What plan is an output plan.
Q87 A business plan is divided into how many core components
Q88 A business plan is a document which sets out what
a business is all about, what the business is going to do and how it is
going to do it.
Q89 Which one of the following discipline refers to
the manner in which customers will receive service as they arrive the
bank.
Q90 Garri is produced from the Southern parts of Nigeria.
Q91 Which one of the following people buy at the spur of the moment.
Q92 Which one of the following is those goods that
are very essential and the consumption of which are considered very
compulsory for virtually every member of society.
Q93 Which one of the following trends will emerge from the interplay of fiscal and monetary policies.
Q94 The total work force in Nigeria can be divided into how many divisions.
Q95 Which one of the following is the study of human populations and the ways in which they change.
Q96 Going by the population figures, the total
population as per 2010 census amounted to a figure of 140,003,542 made
up of 71,709,859 males and 68,293,683 females.
Q97 The population of a country determines the level of demand for goods and services.
Q98 Success in entrepreneurship requires deep skills and knowledge on the part of the entrepreneur.
Q99 Creativity is the ability to process and arrange information that leads to new knowledge.
Q100 Communication provides a link between people in an organization.
Q101 Communication could be between an enterprise and third parties or customers.
Q102 Which one of the following is the process of exchanging information between one person and another.
Q103 Which one of the following is a non-human factor of production.
Q104 Competence is a bundle of skills which a business possesses and uses same to provide goods and services to its customers.
Q105 Which one of the following refers to the ability of the entrepreneur to understand the business in question.
Q106 Which one best refers to an effective manager "make a lot of difference in an organization".
Q107 Which one of the following is a major problem facing a start-up business is how to choose a good.
Q108 Which one of the following leadership style
structures the job of his subordinates and ensures that they perform the
assigned tasks.
Q109 The act or process of influencing or guiding
people so that they will strive willingly towards achievement of group
or corporate objectives.
Q110 Which one of the follwoing are goods that are purchased frequently.
Q111 Which one of the following can defined as those
goods that are used for a very long period and the purchase of which are
made infrequently.
Q112 Which one of the following is the ability to process and arrange information that leads to new knowledge.
Q113 Which one of the following is the process of exchanging information between one person and another.
Q114 Which one of the following is NOT among the factors in selecting a location.
Q115 Which one of the following is NOT among the disadvantages of a small business.
Q116 Which one of the following is NOT among the advantages of small a business.
Q117 Which one of the following is NOT among types of partnership.
Q118 which one of the following is NOT among the elements of planning.
Q119 which one of the following is NOT among the functions of an entrepreneur.
Q120 which one of the following is NOT among the factors of production.