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The function of a merchant wholesaler is to
Departmentalization is an aspect of
Chibuzor agreed to make a dress for Hauwa with September 20, 1995 as the delivery date, if the dress was not ready on that date, Hauwa could
Which of the following has power to order withdrawal of a particular food item from circulation?
The macro-environmental forces and trends which are a constraint on business operations are referred to as
Which of the following countries are members of the Lake Chad Basin Commission?
Services rendered to the public is provided by
The payment made periodically in respect of an insurance policy entered into is known as
The art of soap making is an example of
A proforma invoice is not required when
A form of money with face value which is greater than the value of the metal contents is
Hire purchase is advantageous to the seller in that
| NAME | INSURED AMOUNT(₦) |
ACTUAL VALUE(₦) |
ACTUAL LOSS(₦) |
| Mr. P Mr. K Mr. R |
25,000 30,000 40,000 |
100,000 120,000 150,000 |
30,000 40,000 50,000 |
What insurance principle has Mr. R violated if he decides to overstate the actual value of his property?
| NAME | INSURED AMOUNT(₦) |
ACTUAL VALUE(₦) |
ACTUAL LOSS(₦) |
| Mr. P Mr. K Mr. R |
25,000 30,000 40,000 |
100,000 120,000 150,000 |
30,000 40,000 50,000 |
Use the table above to answer questions 27 and 28
If Mr. P takes a fire insurance policy with average clause, his compensation will be
A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a
The main objective of a trade association is to
When two or more companies agree to execute a project too large for one to handle, this is referred to as
Inbound tourism occurs when
An agency contract must involve
The best mode of ensuring that items posted get to the named addresses is through