EXAMSHARE

Western Delta University, Oghara Delta State

department of management sciences
college of social and management sciences
western delta university

first semester examination 2022/2023 session

BUS101 - Introduction to Business time: 2hrs

answer THREE questions in All. Question ONE is compulsory

  1. SECTION A: Compulsory

      1. Write down the correct answer in the following questions
        1. The key elements that make up an organization are (i) _______ (ii) _______ (iii) _______ (iv) _______
        2. The word Company is derived from two Latin words (v) _______ and (vi) _______
        3. (vii) _______ is a business firm owned by a minimum of seven persons without upper limit of membership.
        4. The Thrift-and-Credit Society began in (viii) _______ year and (ix) _______ country?
        5. (x) _______ is the buying of an existing business?
        6. (xi) _______ is a legal person without physical existence recognized by law to do business for profit.
        7. (xii) _______ is a written agreement that guides the affairs of a partnership business.
        8. (xiii) _______ is the management function of monitoring employee's productivity to avoid deviation from set standard?
        9. (xiv) _______ has to do with the leadership function of a manager?
        10. (xv) The word business originate from an old English known as _______
        11. (xvi) The word ethics in French is _______
        12. (xvii) _______ refers to morality of behavior in terms of what is right and wrong in business practice?
        13. (xviii) _______ is the buying of an existing business?
        14. (xix) _______ has to do with the function of harnessing the various factors of production organizational resources?
        15. (xx) The word company was used to refer to business association in _______ year?
        (20 marks)
      2. Business plays important roles in every society. Discuss (10 marks)

  2. SECTION B: Answer any two questions

    1. Question 2

      1. List the contents of a partnership deed (13 marks)
      2. With reference to CAMA 2020, what are the functions of the Corporate Affairs Commission? (7 marks)

    2. Question 3

      1. What is franchising? (2 marks)
      2. Explain any four factors to be considered when buying a business (12 marks)
      3. Explain threee steps in starting a business (6 marks)

    3. Question 4

      1. List eight factors to be considered in choosing forms business ownership (8 marks)
      2. Explain any four sources of business opportunity (12 marks)

    4. Question 5

      What are the characteristics of business organisations?(20 marks)