Question 1 of 20 4,313 total questions
Auctions and Tenders become binding when they are?
A accepted
B offered
C received
D advertised
E communicated
An agreement between two parties which will give rise to rights and obligation is known as?
A a warrant
B a contract
C a consideration
D an offer
E an acceptance
A number of shops under one roof is the feature of a?
A supermarkets
B chain stores
C department store
D mail order business
E shopping centre
A business is in existence primarily to?
A make profit
B provide goods amd services
C provide employment
D complete with others in business
E sell goods at reasonable prices
Which of the following statements best describes net profit? The excess of
A total revenue over total expenditure
B total capital income over expenditure
C sales over purchases
D total capital formation over capital consumption
E total expenditure over total revenue
Which of the following is sent as a reply to an inquiry?
A Tender
B Estimate
C Statement
D Advice note
E Quotation
Efforts geared towards establishing and maintaining good image for a company is termed?
A human relations
B professional relations
C public relations
D trade relations
E personnel relations
Which of the following is a form of sales promotion?
A Promotion through radio
B Advertising by television
C Distributing printed sales literature
D Offering free samples to customers
E Advertising by posters
Which of the following advertising media combines the advantages of sound and motion?
A Radio
B Neon signs
C Press
D Hoarding
E Television
The exchange of goods for other goods in home trade is known as?
A entrepot trade
B home trade
C barter trade
D foreign trade
E counter trade
The purpose of of issuing a credit note is to?
A correct errors of overcharging
B correct errors of undercharging
C write off bad debts
D encourage immediate payment
E encourage bulk buying
In which class of occupation would you place a taxi driver?
A Extractive
B Indirect services
C Personal services
D Primary production
E Commercial services
Which of the following is not a factor of product?
A Capital?
B Land
C Labour
D Organization
E Staffing
If a retailer Mr. Aigbojie buys goods manufactured by Adefila Limited from wholesaler Mrs. Jumai, who will prepare the delivery note?
A Mr. Aigbojie
B Adefila Limited
C Mrs. Jumai
D Mr. Aigbojie and Adefila Limited
E Adefila Limited and Mrs. Jumai
The oldest and commonest form of business in Nigeria is?
A partnership
B the co-operative society
C sole proprietorship
D joint stock veture
E public corporation
Opening stock.................N1000
A N6000
B N10000
C N42000
D N16000
E 20000
Opening stock.................N1000
A N2000
B N3000
C N5000
D N6000
E N7000
Which of the following is one of the functions of commerce?
A Manufacturing
B Growing of tomatoes
C Storage of goods
D Construction of roads
E Car assemblying
Which of the following does not belong to the industry?
A Farming
B Insuring
C Mining
D Drilling
E Fishing
The three main division of production include industrial?
A commercial banking services
B commercial and services
C transportation and services
D manufacturing and services
E banking and services
Next
Question Navigator
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
