Question 1 of 20 4,313 total questions
The difference between the value of imports of goods for a particular year is known as?
A balance of payment
B balance sheet
C balance of trade
D terms of trade
E terms of payment
A charge is specified cross if?
A it has two parallel lines across it
B the words & Co are written in between the lines?
C the name of a bank is written across it
D the words not negotiable are written across it
E the name of the banker on the cheque
Which of the following is not a reason for dishonoring a cheque?
A Irregular signature
B Signed alteration on the cheque
C Insufficient fund in drawer's account
D Drawers stopped payment on time
E Amount in words differs from what written in figures
The abbreviation IDAPOLY on the letter - headed papers of the federal polytechnic Idah is an example of a?
A cablegram
B postmark
C post code
D telegraphic address
E multiple address telegram
One means of making payment through NIPOST is the?
A cheque
B money order
C standing order
D promissory order
E counterfoil
The document issued to a lender under a company's seal acknowledging a debt is called?
A stock
B share
C dividend warrant
D debenture
E mortgage
Any paid form of non-presentation of goods services by an identified sponsor is known as?
A merchandising
B advertising
C publicity
D public relations
E sales promotion
A sales agreement whereby the buyer takes possession but not title to goods is called?
A mortgage
B auction sale
C deferred payment
D hire purchase
E warranty
Which of the following is the quickest and most accurate means id communication?
A Telegram
B Express mail
C Courier service
D Telex
E Railex
The difference between cost and selling prices gives?
A Trading account
B net profit/loss
C gross profit or loss
D appropriation `
E balance sheet
The abbreviation ECOWAS stands for?
A Economic Community of West African States
B Economic Communion of West African States
C Economic Council Of West African States
D Economics Council of West African States
E Economics Cooperation of west African States
Which of the following markets functions involves the actual movement of goods?
A Exchange function
B Distribution function
C Facilitating function
D Marketing information function
E Stimulation function
Which of the following products is likely to have a low rate of turnover?`
A Foodstuff
B ball-pen
C Soap and Detergent
D Furniture
E Newspaper
Which of the following functions is not performed by as small retailer?
A Selling in units to consumers
B Financing producers
C Buying from wholesaler
D Selling goods on credits
E Stocking a variety of goods
Which of the following functions is not performed by as small retailer?
A Selling in units to consumers
B Financing producers
C Buying from wholesaler
D Selling goods on credits
E Stocking a variety of goods
Manufacturing ends when goods?
A are advertised to the customers
B and services are used by the producers
C are packed and labelled
D are sold in the markets
E reach the final user
The minimum number of membership for a public limited company is?
A two
B seven
C seventeen
D twenty
E fifty
Nearness to a city centre and a busy street is a necessary condition for sitting?
A a market place
B a sales office
C an accounts office
D an advertising office
E A wholesale warehouse
Which of the following is common to both large and small firms?
A Lower running cost
B Personal attention to customers
C Large capital
D Profit making
E Opening On public holidays
Which of the following cannot be used as a means of transport between Kano and Lagos?
A Airplane
B Ship
C Train
D Bus
E Car
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