Question 1 of 20 4,313 total questions
What is the working capital as at December 31,1992?
A N 65 250
B N60 000
C N 48 650
D N 41 950
The lake Chad Basin commission was founded to enable member states
A expand the volume of water in the lake for fishing activities
B increase navigational activities on the lake
C dam the lake for electricity and agricultural purposes
D co-ordinate their efforts in managing the use of the lake's resources
The West African clearing House became legally operational on
A 1st july, 1976
B 25th june, 1975
C 14th march, 1975
D 3rd may, 1974
When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is
A currying favour from local people
B finding a way to spend resonsibility
C fulfilling part of its social responsibilty
D invest its idle funds
The use of computer in modern banking industry is a reflection of
A competitive development
B scientific development
C economic development
D technological development
Which of the following makes other functions of business its appendages?
A production
B marketing
C finance
D personnel
The principle of span of control stipulates that
A an employee should report to only one superior
B manager must demand accountability from their surbordinates
C resources have to be economized within the various division
D the number of employee reporting to one superior should be kept to workable maximum
The harmonious relationship among the various units in an organization is ensured through
A co-ordination
B motivation
C planning
D leadership
which of the following is the most important business resource?
A money
B management
C materials
D manpower
For establishment of a powerful consumers' association in Nigeria to exist, there must be
A financial and moral support from the public
B honest and commited leadership
C allocation of goods from the producer
D freedom from external influence
NACCIMA stands for
A Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
B Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
C National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
D Nigerian association of Chambers of commerce, Industries, Mines and Agriculture
Which of the following maxims negate the principle of collective bargaining?
A individual employees have weak bargaining base
B individual employees attain strength when they come together in union
C only members of the union can benefit from agreements negotiated by the union
D collective bargainig covers the vast majority of employees, whether union members or not
Which of the following has power to order withdrawal of a particular food item from circulation?
A Standard organisation of Nigeria
B Federal High courts in Nigeria
C Food and Drug Department of the Federal Ministry of health
D Local government health inspector
The comprehensive import supervision scheme was set up by the federal government in order to
A reverse Nigeria's unfavourable balance of trade
B promote fair trade between Nigeria and other countries
C counteract all fraudulent business deals of Nigeria with other nationals
D ensue that import into Nigeria are of the correct quality, value and quantity
Nationalization of an industry means that its ownership becomes that of
A government
B shareholders
C taxpayers
D indigenes
Mr Amusa says to Mr Bello 'i will sell you this hat for N30'. And Mr Bello replied 'i will pay N29'. The contract is
A an offer and acceptance
B an implied contract
C a complete simple contract
D an offer but no acceptance
An agreement to sell is distinguishable from sale because in the former, the transfer of goods is
A not anticipated
B not discussed
C deferred
D immediate
Which of the following must be present in an agency by agreement?
A intentions
B will
C consent
D authority
One advantage of personal selling over all other elements of promotion is that
A it can provide instant feedback
B it is very cheap in terms of cost per contact
C it does not need to use mass media
D sales people are wewll trained
Which of the following is a form of sales promotion
A advertising on radio
B offering free sample
C distributing printed materials
D advertising on television
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