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Hire purchase is advantageous to the seller in that
| NAME | INSURED AMOUNT(₦) |
ACTUAL VALUE(₦) |
ACTUAL LOSS(₦) |
| Mr. P Mr. K Mr. R |
25,000 30,000 40,000 |
100,000 120,000 150,000 |
30,000 40,000 50,000 |
What insurance principle has Mr. R violated if he decides to overstate the actual value of his property?
| NAME | INSURED AMOUNT(₦) |
ACTUAL VALUE(₦) |
ACTUAL LOSS(₦) |
| Mr. P Mr. K Mr. R |
25,000 30,000 40,000 |
100,000 120,000 150,000 |
30,000 40,000 50,000 |
Use the table above to answer questions 27 and 28
If Mr. P takes a fire insurance policy with average clause, his compensation will be
A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a
The main objective of a trade association is to
When two or more companies agree to execute a project too large for one to handle, this is referred to as
Inbound tourism occurs when
An agency contract must involve
The best mode of ensuring that items posted get to the named addresses is through
The transmission of the telephone services from one country to another is facilitated by
The primary memory component of a computer is the
A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a
An activity that involves derivation of raw materials from land and sea is
The major determinant of fire insurance premium is the
A distinctive advantage of GSM is its
Use the information below to answer this question
|
₦ |
₦ |
What is the capital employed?
Use the information below to answer this question
A B C Balance Sheet as at 31/12/2004
|
₦ |
₦ |
The total sum of financing short term projects is
The excess of the assets over the liabilities of a business is called
The type of communication from a superior to a subordinate in an organization is referred to as
The instruments of credit include