Question 1 of 20 4,313 total questions
The secretariat of the Niger Basin Commission is located at
A Ouagadougou, Burkina Faso
B Abuja, Nigeria
C Niamey, Niger
D Bamako, Mali
A firm's organizational structure would change if
A one of the major partner dies
B there is excessive competition
C there is seasonal variation in demand
D the scope of business operation changes
The direct authority of a superior over his subordinate is known as
A staff authority
B line authority
C line and staff authority
D office authority
Motivation is an essential element in management because it
A leads to the improvement of staff welfare
B encourage individual to work towards achieving the orgaization's objective
C reduce friction among employees in the process of achieving the company's objective
D helps to eliminate industrial disharmony
The practice of assessing employees for payment or advancement according to their observed achievement is called
A employee ranking
B merit rating
C job grading
D employee education
Which of the following organizations represents those who engages labour in Nigeria?
A Nigerian Labour Congress
B Nigerian Employers Consultative Association
C Manufacturers Association of Nigeria
D Nigerian Union of Local Government Employees
The federal Government made efforts at rendering public enterprises more efficient and profit-oriented through the process of
A privatization
B commercialization
C indigenization
D nationalization
When an industry or company is nationalized, the state becomes
A the major shareholder
B the mini shareholder
C the only shareholder
D an equal shareholder with other individuals
Consumer sovereignty means that they consumer is
A a citizen
B always independent
C always wrong
D always right
chinyere agree to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready on that date, Halima could
A sue Chinyere for damages
B sue Chinyere for specific performance
C seize another gown from Chinyere's shop
D regard the contract between them as terminated
A disadvantage of personal selling is that it
A increase a company's operating cost
B decreases acompany's operating cost
C increase a company's number of customers
D reduces a company's area of patronage
Which of the following are forms of sales promotion?
A advertising, personal selling and publicity
B advertising, market skimming and publicity
C personal selling, packaging and publicity
D advertising, packaging and publicity
A manufacturer can make his product distinguishable from those of other competitors by
A providing catalogues for his wholesalers
B aggressive sale ppromotion
C branding and packaging the product
D selling the product at a much lower price
Taking a new product to a particular part of a country to test the reaction of consumers to the product referred to as
A sales promotion
B sampling
C merchandizing
D advertising
The breaking down of a market into separate and identifiable elements each with its own special product requirement is known as market
A differentiation
B segmentation
C penetration
D identification
The marketing approach by which a firm carries out detailed analysis of itself, the consumers and its competitors is known as?
A market analysis
B marketing mix analysis
C marketing opportunities analysis
D market survey
Which of the following is NOT a function of the stock exchange market?
A providing long term loans to large scale enterprises
B encouraging people to buy shares and thereby providing capital for investment
C providing means of assessing the value of a firm's assets
D enabling firms to wind-up quickly in times of difficulties
A bank statement is a document
A ordering a bank to pay on demand a stated sum of money
B containing records of receipts, payments and balance on an account
C used for paying into bank account
D used for regular withdrawal of money from a savings account
A major liability of a commercial bank arises from
A customers' deposits
B loans and advances
C overdrafts
D staff allowance
which of the following sets of items was used for exchange in Nigeria before money was introduced?
A cowries, iron rods, brass rods and copper rods
B iron rods, copper rods, manilla and cowries
C cowries, manilla, brass rod andcopper wires
D copper wires, brass wires, cowries and iron rod
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