Question 1 of 20 383 total questions
Which of the following is NOT part of Pre-Sales Service/ice?
A assisting the prospective buyer to set up facilities for storage
B dispatching of quotation and price list
C granting of credit or hire purchase sales facilities
D providing detailed information about goods to be purchased
E provision of transportation and delivery services
Bankers settle their mutual indebtedness in a
A clearing and forwarding house
B clearing house
C development bank
D discount house
E stock exchange market
A public limited liability company is owned by
A board of directors
B debenture holders
C general public
D government
E shareholders
A bill of exchange sold for less than its face value before maturity is said to be
A accepted
B cleared
C discounted
D dishonored
E protested
The body charged with the responsibility monitoring the quality of goods supplied is the
A consumers’ association
B chamber of commerce
C manufacturers' association
D Ministry of Health
E Nigerian standards organization
A contract in which all parties to the contract have carried out their obligation is said to be terminated by
A breach of contract
B frustration
C operation of the law
D performance
E voluntary agreement
Shares are said to be sold at a discount when they are sold
A above par
B at par
C below par
D to the public
E to the shareholders
A multiple shop has many stores which sell
A graded goods
B locally produced goods
C manufactured goods
D persihable goods
E similar goods
The first Nigerian enterprises promotion decree was promulgated in
A 1972
B 1973
C 1974
D 1977
E 1980
A person who runs a business on his own account is called a
A creditor
B customer
C director
D partner
E sole trader
All the following are principles of insurance EXCEPT
A indemnity
B insurable interest
C particular average
D subrogation
E utmost good faith
The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of
A an actual total loss
B a constructive total loss
C a general average loss,
D a partial loss
E a total loss
Obi received a cheque for N1000 from Mr. Ade and this cheque was stolen. He must
A inform his bank to stop payment
B inform Mr. Ade to tell his bank to stop payment
C simply ask Mr. Ade for another cheque
D tell his bank to add the amount to his bank balance
E wait until the cheque is found
A construction industry
B direct services
C extractive industry
D manufacturing industry
E tertiary industry
The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as
A business reply service
B cash on delivery service
C express mail service
D free post service
E posted restate service
When the price quoted includes all the cost to the actual destination, that is, from the seller’s warehouse to the buyer’s warehouse. it is called
A carriage
B carriage paid
C cash on delivery
D franco
E loco price
The relationship between a country’s visible imports and exports in a trading year is known as
A balance of payment
B balance of trade
C counter trade
D international trade
E terms of trade
The relationship between a country’s visible imports and exports in a trading year is known as
A balance of payment
B balance of trade
C counter trade
D international trade
E terms of trade
Prospectus in relation to a public limited inability company means
A a document for allocation of shares to the public
B a document stating the types or shares
C a document where the names of shareholders are written
D an invitation to the public to buy shares
E an invitation to the public to collect dividends
The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as
A brokerage
B commission
C contango
D interest
E jobbers turn
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