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ACost of good sold minus cost of goods available for sale
Bcost of goods available for sales minus sale
CSales minus purchases
DSales minus cost of good sold
ESales minus closing stock
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Question 1132
neco2005
Departmental store, supermarket and chain store are examples of
Alarge scale retailers
Blarge scale whole-salers
Cmedium scale producers
Dsmall scale retailers
Esmall scale wholesalers
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Question 1133
neco2005
The Nigeria Enterprises promotion Decree brought about policy
Acommercialization
Bindigenization
Cindustrialization
Dnationalization
Eprivatization
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Question 1134
neco2005
A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling fora commission proportionate to the value of the transaction is called a
Abroker
Bcommissioned agent
Cdel-credere agent
Dfactor
Especulator
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Question 1135
neco2005
The document which gives complete information about the goods sold is the
Abill of exchange
Bdelivery note
Cinvoice
Dorder form
Equotation
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Question 1136
neco2005
Which type of advertisement induces consumer to purchase the goods he does not need?
ACompetitive
BDescriptive
CInformative
DPersuasive
ESpecific
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Question 1137
neco2005
Which of the following groupings is a means of payments through the post office
ABank draft, Certified cheque, Money order and Stamps
BCheque, Postal order, Money order and Bank draft
CMoney order, Certified cheques, Telegraphic Money order and Stamps
DPostal order, Money order, Telegraphic Money order and Stamps
ETelegraphic Money order, Cheques, Bank draft and Certified cheques
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Question 1138
neco2005
A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.
ALimited
Bnominal
Cordinary
Dspecial
Eunlimited
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Question 1139
neco2005
The term “caveat emptor” implies that
Acredit is not allowed
Bgoods are still with the seller
Cgoods have been transferred to the buyer
Dlet the buyer beware
Elet the seller beware
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Question 1140
neco2005
The rules and regulations guiding the conduct of business transactions are known as ……. law
Acivil
Bcommercial
Ccommon
Dcontract
Ecriminal
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Question 1141
neco2005
An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called …… agent
Adel-credere
Bgeneral
Csales
Dspecial
Euniversal
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Question 1142
neco2005
The act of being on one job for expertise is called
Adivision of labour
Bimmobility
Cindependence
Dseparation of power
Especialization
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Question 1143
neco2005
The functions of public corporations include the following EXCEPT
Amaximizing profits for the board members
Bproviding employment opportunities
Cproviding essential services to the public
Dproviding even development
Eproviding the public with social amenities at reduced cost.
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Question 1144
neco2005
The term “consumer sovereignty” means that the consumer is a
Adirector
Bking
Cmanager
Dpromoter
Etarget
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Question 1145
neco2005
Which of the following services is NOT rendered by NITEL?
AData Transmission
BRecorded Delivery
CSatellite
DTelex
ETelephone
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Question 1146
neco2005
A typical example of an event covered by an Assurance Policy is
Aaccident
Bburglary
Cdeath
Dfire
Etheft
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Question 1147
neco2005
The components of a balance of payments account are
Acapital, current and fixed deposit
Bcapital, savings and fixed deposit
Ccurrent, capital and monetary movement
Dcurrent, savings and monetary movement
Ecurrent, savings and fixed deposit
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Question 1148
neco2005
The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is
Aadvice note
Bcredit note
Cdebt note
Dinvoice
Epro-forma invoice
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Question 1149
neco2005
The most important document an importer requires to be able to clear his goods from the harbour is
Abill of exchange
Bbill of lading
Cbill of sale
Dinvoice from the shopper
Emarine insurance
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Question 1150
neco2005
Association of people in the same line of business is known as
