Question 1 of 20 72 total questions
Zaico Ltd invoiced goods valued at N80,000 to Victory Ltd for N8,000. Which of the following will Zaico Ltd send to Victory Ltd to correct the error?
A Consignment note
B Credit note
C Advice note
D Debit note
E Statement
Which of the following is not the objective of Consumer Association? To
A ensure that fair prices are charged
B educate consumers on their rights
C prevent fake goods from entering the market
D . prevail on the govemment to enact consumer protection laws
E . ensure correct specihcations as to quality of goods
The process of taking over private business by government is known as?
A naturalisation
B nationalisation
C privatisation
D commercialisation
E indigenisation
A postal order, either crossed or open is only valid for a period of?
A 12 months
B 10 months
C 8 months
D 6 months
E 5 months
30 Rate of turnover is the?
A number of times opening stock is sold during a period
B rate paid by retailers for their stocks
C rate paid to agents forturning over their stock ata given period
D . number of times the stock is turned over
E number of times average stock is sold during a period
The storing of goods under proper conditions until they are required is a function of?
A stock taking
B warehousing
C stock control
D merchandising
E blending
Who among the following is not a commercial occ?upaation
A A stoke broker
B An engineer
C A banker
D A common carrier
E An advertising agent
The coming together of firms at different stages of the production process is known as?
A horizontal integration
B vertical integration
C consortium
D cartel
E holding company
In which of the following are the objectives of a company stated?
A Annual Report
B Articles of Association
C Certificate of Incorporation
D Certificate of Trading
E Memorandum of Association
Which of the following is an objective of indigenisation? To
A increase foreign participation in business
B attract foreign Capital
C help Nigerian entrepreneurs become monopolists
D help citizens participate fully in the economy
E distribute income
Which of the following is not a feature of supermarkets?
A Standard shop fronts
B Self service
C Use of trolleys
D Small number of sales assistants
E Stocking mainly food items
Agents who link buyers with sellers receive?
A factorage
B brokerage
C bonus
D interest
E premium
Which of the following does not determine the form ofa business unit?
A Available capital
B Risk bearing
C Nearness to market
D Ownership
E Nature of business
Which of the following is sent when credit is not allowed?
A Debit note
B Proforma invoice
C Credit note
D Statement
E Advice note
ln which of the following environments does a firm that uses out-dated equipment operate?
A Economic
B Technological
C Social
D Political
E Legal
. Which ofthe following is notan aim of advertising? To
A drive away smaller firms
B satisfy consumers
C help firms compete with others
D make one’s product known
E increase sales
Which of the following is not a marketing function?
A Packaging
B Branding
C Advertising
D Accounting
E Pricing
Which of the following is responsible for the welfare of staff in an organisation?
A Accounts Department
B Accounts Department
C Personnel Department
D Sales Department
E Public Relations
Which of the following is not a function of management?
A Staffing
B Planning
C Organizing
D Directing
E Distributing
Which of the following gives a temporary protection to the insured while the policy is being drawn up?
A Proposal form
B Cover note
C Endorsement
D Ex qratia payment
E Certificate
Next
Question Navigator
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
