Question 1 of 20 178 total questions
Who among the following engages in extractive activities?
A Flour miller
B Fisherman
C Porter
D Singer
E Surgeon
A public limited company is regarded as a legal entity because
A it can sue and be sued
B it cannot be liquidated
C it has a memorandum of association
D the death of the largest shareholder cannot bring it to an end
E the government grants it licence
A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a
A boat
B ferry
C liner
D tanker
E tramp
Which of the following does NOT belong to the group?
A Banking
B insurance
C retailing
D transport
E warehousing
Which of the following is NOT a component of trade?
A Auction
B Bilateral
C Multi-lateral
D Retail
E Wholesale
The most common form of business unit in West Africa is
A co-operative society
B joint stock company
C partnership
D public corporation
E sole proprietor-ship
Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.
A a deposit is
B a quarter of the total price is
C half of the total price is
D the final instalment is
E two instalment have been
One of the easiest means of transporting petroleum product is by
A air
B pipeline
C rail
D road
E sea
Which of these means of payment originates from a creditor?
A Bill of exchange
B Cheque
C Coins and currencies
D Promissory note
E Standing order
Commerce is often referred to as the life blood of every nation because it
A commits financial resources to the nation
B contributes to economic development to the nation
C creates utilities for human satisfaction
D provides auxiliary services to trade
E provides all the resources use for production
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
A bear
B broker
C bull
D jobber
E speculator
The following are functions of marketing EXCEPT
A advertising
B distribution
C insurance
D packaging
E transportation
Which of these is NOT a governments legislation to protect thee consumer?
A Fair trading
B Foods and drugs
C Privatization and commercialization
D Weight and measure
E Trade description
The activities concerned with changing of raw materials into finished products belong to ______ occupation
A commercial
B constructive
C extractive
D manufacturing
E service
The coming together of two or more firms with each of them losing its identity is known as
A amalgamation
B cartel
C consortium
D holding
E trust
The aid to trade which enables producer and consumer to transact business without physical contact is known as
A advertising
B communication
C insurance
D tourism
E transportation
The document that spells out the relationship of a company with the outside world is known as
A article of association
B certificate of incorporation
C deed of partnership
D document of registration
E memorandum of association
Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a
A discount
B gain
C loss
D par value
E premium
Which of the following types of insurance is usually excluded from the principle of indemnity?
A Fidelity Guarantee
B Fire
C Life
D Marine
E Motor Vehicle
Which of the following forms part of a company’s Article of Association?
A Goodwill and status of shareholders
B Name of the company
C Nature and object of the business
D Registered office
E Voting powers and the use of proxy
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