Question 1 of 13 4,313 total questions
Prior to the issue of a certificate on a motor insurance contract, the insured is issued with?
A a licence of insurance
B insurance policy certificate
C a cover note
D a simple receipt
E an invoice
Which o the following is not an attribute of an effective business manager?
A Empathy
B Subjectivity
C Altrumism
D Objectivity
E self awareness
The critical factor in organizing a business is?
A money
B capital
C machinery
D management
E control
Branding is a good example of?
A informative advertising
B marketing mix
C persuasive advertising
D consumerism
E competitive advertising
In the contract of sale of goods,"let the buyer beware" is signified by?
A del credere
B uberrima fidei
C caveat emptor
D res ipsa loquitor
E caveat vendetta
A counter offer operates as?
A an acceptance
B an offer
C a rejection
D an agreement
E a contract
Production ends when goods?
A and services are used by the producer
B are packed and labelled
C are sold in the market
D and services reach the final user
E are advertised to the consumers
Which of the following towns was important to the trans-Saharan traders?
A Enugu
B Oyo
C llorin
D Kaduna
E Kano
Which of the following support the view that there was commerce in Nigeria many years ago?
A The economy was consistent
B Specialization was minimal
C Cowries were used as money
D Horses wee used as means of transportation
E Communities were interdependent
Which of the following convert raw materials into finished goods?
A Extractive industry
B Manufacturing
C Commercial occupation
D Constructive industry
E Tertiary industry
The practice of employing specialists in relevant occupation is a feature of?
A subsistence economy
B mobility of labour
C mixed economy
D exchange economy
E division of labour
The process of buying and selling and distribution of goods and services is known as?
A retail trade
B commerce
C marketing concept
D marketing mix
E wholesale trade
An insurance broker is involved in?
A manufacturing occupation
B distributive occupation
C commercial occupation
D extractive occupation
E constructive occupation
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