Question 1 of 20 50 total questions
A voluntary body formed by people in the same line of business is known as?
A trade union
B trade association
C cartel
D employers' association
The process by which government takes over the ownership and control of an existing private business is?
A industrialization
B privatization
C nationalization
D commercialization
The duty of an agent of necessary to a principle is based on?
A trust
B ability
C negotiation
D mutual agreement
In a contract, offer is described as a counter offer if?
A a new clause is introduced
B it is not understood
C it is not addressed to a particular person
D it leaves no room for renegotiation
In a contract, offer is described as a counter offer if?
A a new clause is introduced
B it is not understood
C it is not addressed to a particular person
D it leaves no room for renegotiation
Which of the following is not a method of discharging a contract?
A Performance
B Breach
C Consideration
D Frustration
A major reason why government regulate business activities is to?
A prevent producers from selling at profit
B providing employment to schools
C ensures fair practices and consumers protection
D force producers to export more goods
If Baba is forced to agree go the terms of a contract at gun point, the contract is entered into?
A under duress
B through frustration
C through misrepresentation
D by mistake
The grading of products to satisfy different buyers is referred to as?
A product mix
B product differentiation
C product concept
D product line
Which of the following types of cheque protects the holder against the risk of loss?
A Open cheque
B Bearer cheque
C Post dated cheque
D Crossed cheque
Which of the following types of cheque protects the holder against the risk of loss?
A Open cheque
B Bearer cheque
C Post dated cheque
D Crossed cheque
Which of the following is a customer service?
A Delivery
B Merchandizing
C Branding
D Market research
ECOWAS is form of?
A economic union
B political union
C trade union
D free trade association
ECOWAS is form of?
A economic union
B political union
C trade union
D free trade association
A label on a product such as "Three Crown Milk" is a form of?
A patent right
B branding
C copy right
D packaging
Which of the following is a disadvantage of the use of teleprinters in communication?
A Transmission speed is slow
B Pictures cannot be transmitted
C Transmission quality is poor
D It cannot transmit during bad weather
A certificate of incorporation is best favour by?
A ordinary post
B recorded delivery
C express mail
D Parcel post
Which of the following does not influence the choice of means of transport?
A Discount
B Value of goods
C Urgency
D Brand of vehicle
The term legal tender refers to?
A coins and cheques
B coins and bank notes
C cheques and bank notes
D postal and money orders
Who among among the following is not function of a stock exchange market?
A Bull
B Broker
C Jobber
D Promoter
Next
Question Navigator
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
