Question 1 of 20 50 total questions
The assembling of products into usable forms is known as?
A construction
B manufacturing
C formation
D creation
One of the requirements necessary for setting up a business is?
A registration
B advertisement
C knowledge of the business
D documentation
The evolution of commerce in Nigeria is traceable to the?
A period of barter economy as human needs became limitless
B desire by human beings to satify their needs through the services of other people inthe society
C development of human civlizations and the desire to meet their needs
D primitive stage of existence of human beings
The location of a business is mostly influenced by?
A market outlet
B management decision
C capital
D environment
Which oft these factors of production is relatively fixed in supply?
A Capital
B Enterpreneuer
C Human resources
D Natural resources
The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a?
A joint venture
B cooperative society
C partnership
D company
In the event of the liquidation of a company, the first to be settled are?
A debenture holders
B members of the board
C preference shareholders
D ordinary shareholders
Entrepreneurship mainly involves?
A risk-taking
B initiating
C skilled manpower
D knowledge
A functional structure is an organizational structure in which?
A abstract rules are applied
B equity prevails
C a specialist enforces his directives
D there is no hierarchy
Stimulation of demand is a kind of communication in marketing which connotes?
A personal selling
B sales promotion
C advertising
D merchandising
Communication process involves the transmission of a message over a selected channel to the?
A receiver
B audience
C sender
D encoder
The process of dividing task into jobs and departments and of delegating authority is known as?
A staffing
B leading
C directing
D organizing
One of the functions of seaports is the provision of?
A berthing and landing facilities
B loading and off-loading facilities
C control room for relaying radio messages
D warehouses for storage of cargo
The management function that makes the difference in intensity of behavior is?
A coordinating
B controlling
C motivation
D planning
The type of marine insurance which covers either damage or loss to the vessel and such as caused by it to other vessel is?
A hull insurance
B time insurance
C freight insurance
D cargo insurance
The focal point of marketing is?
A the competitior
B the buyer
C profit-making
D sales
An example of service rendered by NIPOST is?
A electronic mail
B couier
C telephone
D mail delivery
The payment made periodically in respect of an insurance policy entered into is known as?
A bond
B commission
C premium
D surrender value
A firm that adapts itself to delivering the desired satisfaction more effectively than its competitors is said to be practicing?
A price concept
B distribution concept
C product concept
D markting concept
A guarantee given by one person or party to another in which the integrity of the person is assured is?
A fidelity
B term assurance
C subrogation
D indemnity
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