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Which of the following is sent when credit is not allowed?
ADebit note
BProforma invoice
CCredit note
DStatement
EAdvice note
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Question 1902
waec1994
ln which of the following environments does a firm that uses out-dated equipment operate?
AEconomic
BTechnological
CSocial
DPolitical
ELegal
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Question 1903
waec1994
. Which ofthe following is notan aim of advertising? To
Adrive away smaller firms
Bsatisfy consumers
Chelp firms compete with others
Dmake one’s product known
Eincrease sales
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Question 1904
waec1994
Which of the following is not a marketing function?
APackaging
BBranding
CAdvertising
DAccounting
EPricing
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Question 1905
waec1994
Which of the following is responsible for the welfare of staff in an organisation?
AAccounts Department
BAccounts Department
CPersonnel Department
DSales Department
EPublic Relations
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Question 1906
waec1994
Which of the following is not a function of management?
AStaffing
BPlanning
COrganizing
DDirecting
EDistributing
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Question 1907
waec1994
Which of the following gives a temporary protection to the insured while the policy is being drawn up?
AProposal form
BCover note
CEndorsement
DEx qratia payment
ECertificate
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Question 1908
waec1994
A stock exchange is a market for?
Aold stocks of goods'
Bcapital goods only
Craising new shares
Dexisting shares of quoted companies
Eshares of unquoted companies
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Question 1909
waec1994
Which of the following carries the bulk of goods involved in foreign trade?
ACargo planes
BCargo liners
CTramp vessels
DSteam ship
ETankers
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Question 1910
waec1994
Which of the following is an example of a commercial occupation?
AWrestling
BWelding
CShipping
DBrick laying
ETailoring
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Question 1911
waec1994
An establishment that specializes in taking care of risks is called?
Aa hire-purchase company
Ban accepting house
Can insurance company
Da finance company
Ea confirming house
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Question 1912
waec1994
An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?
Aa chamber of commerce
Ba customs union
Can amalgamation
Da cartel
Ea combination
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Question 1913
waec1994
The most acceptance and convenient means of payment in foreign trade is?
Aletter of credit
Bbank-draft
Ctelegraphic money order
Dpromissory note
Ebill of exchange
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Question 1914
waec1994
A cheque does not contain?
Acheque number
Bcashier's signature
Cpayee's name
Ddrawer's name
Edate of issue
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Question 1915
waec1994
Which of the following relies on the government for its initial capital?
ACo-operative Society
BPrivate Limited Company
CPublic Corporation
DPublic Limited Company
ECredit and Thrift Society
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Question 1916
waec1994
Which of the following is not used by the Central Bank to restrict lending by commercial banks?
AManagement of national debt
BReserve Requirement
COpen Market Operations
DSpecial Deposit
ECash ratio
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Question 1917
waec1994
An agreement between two parties which can be enforced is called?
Aan agency
Ba contract
Ca consideration
Dan offer
Ea warranty
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Question 1918
waec1994
A business that has no upper limit to the number of owners is?
Apartnership
Bprivate company
Cpublic corporation
Dfinance company
Epublic limited company
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Question 1919
waec1994
Capital owned is the same as?
Aauthorised capital
Bissued capital
Cnet worth of a business
Dfixed assets of a business
Epublic limited company
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Question 1920
jamb1994
A company earned a total revenue of N108 million with a total cost of N91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.
