Question 1 of 20 160 total questions
The amount which a company is empowered to raise for a business is its
A called-up-capital
B nominal capital
C paid-up capital
D issued capital
E working capital
Who among the following engages in manufacturing occupation?
A Bricklayer
B Carpenter
C Miner
D Musician
E Spinner
The national headquarters of Niger Basin Commission is at
A Lagos
B Niamey
C N’djamena
D Yamasucro
E Yaounde
Which means of transport is most suitable for moving crude oil, gas and water from Port Harcourt to Kaduna?
A Bus
B Pipeline
C Ship
D Tanker
E Trailer
For a contract to be valid, there must be
A drawee and drawer
B insured and insurer
C lessor and lessee
D offer and acceptance
E principal and agent
Combination of methods used by a firm for marketing its product is known as .......
A marketing concept
B marketing mix
C market research
D market segmentation
E market share
A public limited company can borrow from the public to increase its capital by
A debentures
B mortgage
C share
D stocks
E treasury bills
The service of a teacher is in the classification of
A commerce
B direct service
C extractive occupation
D indirect services
E industrial occupation
A form of business unit in which members are given patronage allowance is
A co-operative society
B joint stock company
C public corporation
D partnership
E sole proprietorship
Which of the following organizations look after harbours, docks and waterways in Nigeria?
A Nigeria Ports Authority
B Nigeria Navy
C Nigeria Export Promotion Council
D Nigeria Shippers Council
E Nigeria Customs Service
Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?
Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?
The taken over by government of enterprises formerly owned by private person is referred to as?
A privatization
B nationalization
C commercialization
D indigenization
In a law of contract, what is given in exchange for a promise to perform is?
A offer
B acceptance
C consideration
D warranty
Which of the following is not concerned about consumer protection?
A Foods and Drugs Act
B Trade Descriptions Act
C Price control Act
D General Agreement on Traiffs and Trade
A void contract is one that?
A is enforceable
B has no maturity
C has no legal effect
D is discharged
Market skimming is an example of?
A is enforceable
B has no maturity
C has no legal effect
D is discharged
Activities undertaken to create awareness for a product by giving out samples premium or conducting contest are known a?
A marketing mix
B marketing concept
C consumerism
D sales promotion
It is often said that "the consumer is always right" This describes the doctrine of?
A consumer movement
B consumer sovereignty
C caveat emptor
D consensus ad idem
When all producers in an industry combine to advertise their product instead of each firm advertising its own brand, this is referred as?
A mass advertising
B competitive advertising
C persuasive advertising
D direct advertising
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