Question 1 of 20 4,313 total questions
The right of ownership with respect to goods or property is?
A right of occupancy
B proxy
C tittle
D certificate of occupancy
An obstacle to international trade is?
A trade imbalance between countries
B availiability of local market
C quantity and quality of labour
D cost of finance
An example of a service-rendering trade association is?
A Nigeria Bar Association
B Association of Nigeria Miners
C Cocoa Farmers' Association
D Manufacturers' Association of Nigeria
Assets of a business which can easily be changed into cash are called
A authorized capital
B current liabilities
C fixed assets
D liquid capital
E paid-up capital
Assets of a business which can easily be changed into cash are called
A authorized capital
B current liabilities
C fixed assets
D liquid capital
E paid-up capital
What is NOT a function of marketing?
A changing the nature of the marketable goods
B enlargement of the market
C export promotion
D provision of employment
E segmenting the market
The best definition of Communication in Commerce is
A distribution of information
B movement of files
C movement of goods and passengers
D storing information
E transmission of information
What is the main aim and objective of ECOWAS?
A increasing the tax rate among member countries
B operating banking services among members
C promoting cooperation and development in all fields of economic activities
D providing employment opportunity to a few countries
E providing essential services among members
ln the selection of means of transport, speed is an important consideration for goods that are
A bulky
B durable
C fragile
D inferior
E perishable
A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance of N20,000 is his
A authorized capital
B called-up capital
C capital employed
D fixed capital
E working capital
What covers the risk which an employer may suffer as a result of the dishonesty of an employee?
A accident insurance
B export credit insurance
C fidelity guarantee insurance
D fire insurance
E life assurance
Which business unit has a membership range of 2-50?
A Cooperative Society
B Partnership
C Private Limited Company
D Public Enterprise
E Public Limited Company
The different types of occupation in which people are engaged can be grouped as
A Direct Services, Commercial and industrial
B Manufacturer, Blacksmith and Industrial
C Industrial, Manufacturing and Commercial
D Teaching, Manufacturing and Commercial
E Trading, Teaching and Commercial
Another name for exchange of goods or other goods is called
A barter
B buying
C credit
D selling
E specialization
What is NOT an essential element of a valid contract?
A acceptance
B compensation
C consideration
D legality
E offer
Which document is used to advertise shares to the general public?
A Letter of Allotment
B Memorandum and Article Associations
C Newspaper
D Prospectus
E Radio and television
What is the fastest means of sending documents from one place to another
A courier services
B express letters
C parcels
D quick delivery
E registered letters
The compensation made to an insured for loss incurred in insurance is called
A commission
B indemnity
C interest
D pooling risks
E premium
A statement of the current price and terms of trade of a product or service is called
A debit note
B letter of inquiry
C order form
D quotation
E statement of account
Grouping consumers based on their purchasing habits is called market
A development
B expansion
C orientation
D segmentation
E selection
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