Question 1 of 20 4,313 total questions
Organizing trade fairs in Nigeria is the responsibility of?
A National Directorate of Employment
B Federal Ministry of Commerce
C trade association
D chambers of commerce
An order sent by an importer to an overseas supplier stating the details of goods required is known as?
A export invoice
B ship's manifest
C an indent
D bill of lading
The term 4 net 7 on an invoice means that?
A 4% surcharge will be made unless payment iss made within seven days
B 4% discount will be allowed on the price charged only if the goods are bought within seven days
C 4% discount will be allowed on the price charged only if payment is made after seven days
D 4% discount will be allowed on the price charge if payment is made within seven days
An internal demand for goods to be purchased or drawn from stock is?
A a quoation
B a requisition
C a tender
D an order
Loan schemes by thrift societies are?
A mortage schemes
B conventional schemes
C mutual schemes
D unconventional schemes
Fluctuations in the supply of goods may be eliminated if the distribution system maintains?
A modern technology
B a team of retailers
C warehouse services
D sufficient middlemen
Factors of production can be described as the?
A resources required for the provision of goods and services
B skills involves in deciding and directing the flow of goods
C monetary tools employed by government to ensure stable production
D elements involved in the process of formulating policies on production
Commerce includes all the occupations concerned with?
A sales
B production
C marketing
D distribution
The acronym PLC is used to identify a?
A company limited by shares
B private company limited by shares
C public company limited by shares
D company limited by guarantee
The most important function of commerce is?
A helping people to improve thir profits
B facilitaing exchanges among indiviuals and firms
C assisting trade through banking and insurance
D enhancing business relationships
The merger of a textile mill, a cement company and a tannery is referred to as?
A conglomerate merger
B horizontal merger
C lateral merger
D vertiical merger
A written partnership contract is known as?
A an invoice
B a deed
C a prospectus
D a proposal
The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?
A rejuvenation
B focus
C diversification
D consolidation
An action taken by a company outside its object clause is regarded as?
A ultra vires
B a trespass
C uberrima fides
D caveat emptor
Authorized share capital is also known as?
A called-up share capital
B paid-up share
C registered share capital
D issued share capital
A group of assets which a business acquires with the intention of reselling them are referred to as?
A current assets
B investment assets
C fixed assets
D intangible assets
A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the?
A Securities and Exchanfge commission
B commodity market
C Nigerian Stock Exchange
D Central Bank of Nigeria
In international trade, documentary credit is also known as?
A credit note
B letters of credit
C bankers' note
D letter of hypothecation
What is the role of the capita; market in the privatization exercise in Nigeria?
A Selling the shares and stocks of the companies to be privtized
B Encouraging private companies to participate inthe exercise
C Negotiating with individuals who want to buy public companies
D Advertising for governement
The shares of a company listed on the stock exchange for sale are referred to as?
A registered shares
B deferred shares
C issued shares
D quoted shares
Next
Question Navigator
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
