Question 1 of 20 2,221 total questions
Which of the following is not a factor of product?
A Capital?
B Land
C Labour
D Organization
E Staffing
If a retailer Mr. Aigbojie buys goods manufactured by Adefila Limited from wholesaler Mrs. Jumai, who will prepare the delivery note?
A Mr. Aigbojie
B Adefila Limited
C Mrs. Jumai
D Mr. Aigbojie and Adefila Limited
E Adefila Limited and Mrs. Jumai
The oldest and commonest form of business in Nigeria is?
A partnership
B the co-operative society
C sole proprietorship
D joint stock veture
E public corporation
Opening stock.................N1000
A N6000
B N10000
C N42000
D N16000
E 20000
Opening stock.................N1000
A N2000
B N3000
C N5000
D N6000
E N7000
Which of the following is one of the functions of commerce?
A Manufacturing
B Growing of tomatoes
C Storage of goods
D Construction of roads
E Car assemblying
Which of the following does not belong to the industry?
A Farming
B Insuring
C Mining
D Drilling
E Fishing
The three main division of production include industrial?
A commercial banking services
B commercial and services
C transportation and services
D manufacturing and services
E banking and services
Which of the following statements is not true?
A Commercial services are the life's blood of a country's economic system
B There cannot occur commercial services unitl goods have been produced
C Without commercial services must goods and services will not produced
D There is no stage of production that does not employ commercial services
E Commercial services add to the value of a product
The major divisions of Commerce are?
A import, export and transport
B trade, communication and warehousing
C trade and auxiliaries to trade
D exchange, consumption and production
E import, trade and production
Paper money originated in form of receipt given by?
A money lenders
B goldsmiths
C bankers
D traders
E thrift societies
One of the main aims of the ECOWAS is to?
A foster interchange of goods and services among its members
B provide a reliable market for stock and shares
C have common political system
D have common language
E have one currency
The treaty establishing ECOWAS on May 28, 1975 was signed by?
A 15 Heads of State
B 14 Heads of State
C 13 Heads of State
D 15 Foreign Ministers
E 12 Heads of State
Which of the following is an insurance cover undertaken by the Government for its employees?
A Endowment
B Marine insurance
C Fidelity guarantee insurance
D Pensions scheme
E Fire insurance
Which of the following is an insurance principle?
A Endowment
B Premium
C Proximate cause
D Fidelity guarantee
E surrender value
All advertising campaigns foe consumer goods must pay attention to?
A cinema advertising
B radio advertising
C point of sale
D door to door sale
E neon signs
The management function of anticipating the future determining the best course action to achieve company objective is?
A directing
B organizing
C controlling
D planning
E consulting
The last link in the chain of distribution is the?
A wholesaler
B retailer
C consumer
D factor
E advertiser
Which of the following shows the financial position of a business on a given date?
A Bank statement
B Balance sheet
C journal
D Cash book
E Trial Balance
Which of the following is not a problem of distribution, sales and merchandizing?
A Transporting goods
B Trade malpractices
C Pressure of sales
D Sales force complacency
E Easy payment for purchases
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