Question 1 of 20 90 total questions
Which o the following is not a component of a company's marketing mix?
A Production planning and price structure
B Promotional plan
C Distribution plan
D Economic plan
E Public relations plan
Information on new goods is passed on to buyers through?
A wholesale trade
B retail trade
C market research
D advertising
E the manufacturer
Which of the following is primarily responsible for protecting against poor quality goods?
A Nigerian National Supply Company
B Manufacturers Association of Nigeria
C Industrial Arbitration Panel
D Standards Organization of Nigeria
E Nigeria Chambers of Commerce
The management of evaluating the company's performance to determine whether it is achieving its objective is?
A controlling
B directing
C organizing
D planning
E consulting
Which of the following is not a true characteristic of a Chamber of Commerce?
A It is not for profit making
B It is open only to political party members
C It is democratically administered
D It is a voluntary organization
E It is independent of government control
Which of the following functions is performed by the stock exchange markets?
A Provision for bulk purchase
B Issuing of treasury bills
C Provision of the purchase and sale of existing securities
D Discounting bills of exchange
E Providing for short-term investment
Which of the following is a disadvantage of Hire Purchase to the consumer?
A Its increases turnover
B Temptation to buy more than one can pay for
C It demands more capitals from the seller
D Increased sales lower the seller's units cost
The three main types of speculators found in the Stock Exchange market are?
A stags, brokers, and bulls
B bulls, bears, and stag
C bears, jobbers and jobbers
D bulls, brokers and bears
E stags, agents and jobbers
Which of the following conditions may make the manufacturer sell directly to the consumer?
A brake in communication
B Inaccessibility of the wholesaler's warehouse
C The nature of the commodity involved
D inadequate transport facility
E Trade imbalance
Which of the following is not an obligation of a common carrier?
A Carrying goods securely and safely
B Liability for losses and demages
C Delivery of goods at appropriate places
D insuring goods intransit
E passing through agreed routes
Buying and selling of goods and services within the geographical areas of a country is called?
A enterpot trade
B external trade
C domestic trade
D regional trade
E import trade
The factor of production which is described as wealth set aside for the the production of further wealth is called?
A emterpreneur
B land
C capital
D goodwill
E labour
Pure profits is the elements of the paid?
A for land
B for capital
C a manager
D to an enterpreneur
E for labour
Which of the following is gilt-edge security?
A Government bonds and stocks
B Gold mine stocks
C Company shares and stocks
D Life assurrance policy
E Bank stocks and securities
The part of business capital with which capital that does not change its form in the process of production is known as?
A circulating capital
B nominal capital
C liquid capital
D fixed capital
E working capital
The amount of new capitals with which a new company proposes to be registered is called?
A called-up capital
B nominal capital
C fixed capital
D issued capital
E circulating capital
A deficit in balance of trade occurs when?
A visible exports exceeds invisible imports
B total payments exceed visible exports
C visible imports exceeds visible exports
D invisible exports exceeds invisible imports
E visible exports exceeds invisible imports
Most payments in international trade are made by means of?
A cash
B bills of lading
C personal cheques
D letters of credit
E travellers cheques
Which of the following is an invisible export of Nigeria?
A Shipping services Nigeria renders to Russia
B Nigeria's crude oil to london
C banking services rendered to Americans resident in Nigeria
D Stockfish from Germany to Nigeria
E Nigeria groundnut to egypt
A trader who wants to buy goods from another country sends?
A an advice note
B an invoice
C a bill of exchange
D a statement
E an indent
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