LAGOS CITY POLYTECHNIC, IKEJA
SCHOOL OF MANAGEMENT AND BUSINESS STUDIES
DEPARTMENT OF BUSINESS ADMINSTRATION
2013/2014 FIRST SEMESTER EXAMINATION
COURSE TITLE:
INTRODUCTION TO BUSINESS NO OF QUESTIONS: 7
COURSE CODE:
BAM 111
TIME ALLOWED: 2
HRS
FOR WHOM:
ND I
BS, OTM
FT
EXAMINER:
NO OF STUDENTS:
INSTRUCTIONS: ANSWER
ANY
FIVE
QUESTIONS.
1.
With the aid of diagrams, explain two forms of busines you know.
2.
Write short notes on the following:
(a)
Partnership
(b)
Chain of command
(c)
Government policy
(d)
Limited liability company
(e)
Decision making
3.
Define business and explain the environmental factors which affect business.
4.
(a)
Explain the reasons why government regulates and control business activities?
(b)
Define and explain the term commercialisation and privatization of government
parastals in Nigeria?
(a)
What is the meaning of Span of Control?
(b)
Explain the importance of Business Studies?
(a)
Mention and discuss four(4) features of labour
(b)
Enumerate the two(2) characteristics of business in a free enterprise economy?
5.
6.
7.
Explain the important of organizational chart to the staff and also explain the three type
of organization.