Question 1 of 20 103 total questions
When an order cheque is endorsed it becomes?
A a bearer cheque
B a certified cheque
C an open cheque
D a confirmed cheque
E a dishonoured cheque
Which of the following is mostly used in Nigeria for setting business transactions?
A Credit transfer
B Standing order
C Cheques
D Bank notes and coins
E Bank drafts
Which of the following is not a function of money?
A Unit of account
B Store of value
C Determinant of exchange of medium
D Medium of exchange
E Standard for deferred payment
Which of the following enjoins the buyers ti examine goods thoroughly beforeigeria making a purchase?
A uberrimae fidei
B Caveat subscriptor
C Consumer sovereignty
D Caveat venditor
E Standard for deferred payment
Which of the following enjoins the buyers ti examine goods thoroughly beforeigeria making a purchase?
A uberrimae fidei
B Caveat subscriptor
C Consumer sovereignty
D Caveat venditor
E Standard for deferred payment
Which of the following ensures that manufactured goods conform to the required standard?
A Nigerian Industrial Research Centre
B Standard Organization of Nigeria
C Consumer Consultative Committee
D Price Control Board
E Indigenization Decree
A facility used for impressing pre-paid postage rate on letters is called?
A vending machine
B speed post
C recorded delivery services
D cash register
E franking machine
A facility used for impressing pre-paid postage rate on letters is called?
A vending machine
B speed post
C recorded delivery services
D cash register
E franking machine
A document certifying that goods have been entirely or largely manufactured in the country stated is called?
A certificate of origin
B bill of lading
C letter iof hypothecation
D consular invoice
E ships manifest
The nominal capital of a company is the same as?
A authorized capital
B issued capital
C capital owned
D capital employed
E called-up capital
Buildings, machines and more vehicles used for purpose of production are examples of?
A current assets
B current liabilities
C working capital
D fixed assets
E liquid assets
Which of the following policies could be taken for a guaranteed life income?
A Endowment assurance
B Household policy
C Annuity
D personal accident insurance
E Consequential loss insurance
A bill of exchange to which document of title are attached is known as?
A documentary credit
B certified bill
C documentary bill
D irrevocable bill
E bill of lading
An organization chart shows the?
A relative position of employeesin a firm
B customers position in a firm
C order in which tasks should be tackled
D specification of various jobs in a firm
E the profit position of the firm
equity interest in a company is represented by?
A preference shares
B retained earnings
C debentures
D bonds
E ordinary shares
The consumer is always right. This describes the doctrine of?
A social responsibility
B consumer movement
C consumer sovereignty
D consumer protection
E caveat venditor
The main aim of the ECOWAS is the?
A elimination of aparthied
B formation of West African High Command
C formation of Government of West African States
D Promotion of economic and cultural interaction
E promotion of ethnic and rural integration among members states
In nationalized industries, losses are borne by the?
A tax payers
B shareholders
C debenture holders
D Minister of industries
E Borad of Directors
A cover note is a?
A Document of title to goods
B letter from the tax authority
C label attached to goods foe indentification
D temporary insurance certificate
E letter issued by banks to customers
Which of the following accompanies goods supplied and forms a receipt when signed by the consignee?
A Invoice
B Order
C Delivery note
D Requisition note
E Advice note
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