Question 1 of 20 1,707 total questions
A system where customer patronage is sought by producing what they need is referred to as _______?
A sales promotion
B market promotion
C product promotion
D market orientation
The Nigeria Stock Exchange consist of ______
A primary and secondary-tier market
B secondary and primary market
C money and commodities market
D commercial and mortgage market
Risk bearing in business organisation is a function of the _____
A employees
B customers
C entrepreneur
D manager
A demonstration of social responsibility by a business is the payment of _______
A taxes to government
B dividends to shareholder
C interest on loans
D premium on insurance
The part of the computer that has the capacity to interpret instruction is _______
A universal power storage
B central processing unit
C keyboard
D monitor
The production process that combines two or more raw materials into end product is
A conditioning
B blending
C merging
D synthesis
One of the determinants of choice of occupation is ______
A level of exposure
B resources control
C government policies
D peer group
The stock exchange is a market where _______
A long-term securities are sold
B all types of securities are sold
C short-term securities are sold
D medium term securities are sold
The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __
A Stroke
B Consumerism
C Picketing
D Demonstration
The differences between the central bank and commercial bank is that the former ______
A discount treasury bills
B give loans to the public
C saves valuable of individual
D serves as lender of last resort
The process of buying and selling and distribution of goods and services is ______
A retail trade
B commerce
C marketing concept
D marketing
Goods and services transferred from seller to buyer without immediate payment is referred to as ______
A hire purchase
B mutual understanding
C credit sale
D leasing
A major merit of the retaining middlemen is to _______
A pay cash to the bank: for manufacturers
B stock perishable goods
C regulate price for manufacturers
D stock goods produced by different manufacturer
An example of extractive occupation is ______
A mining
B teaching
C banking
D driving
Another name or term for a dishonoured cheque is ______
A an order cheque
B a bounced cheque
C a bearer cheque
D an open cheque
A partnership is dissolved due to ________
A liquidity of the firm
B death of the employee
C insanity of a partner
D resignation of an employee
A major function of trade association is to _______
A assist members to buy cars
B help individuals to set up small business
C establish a link among member
D foster cooperation among members
What document is required when a country imposes valorem import duties on goods?
A mail transfer
B shipping note
C bill of lading
D consular invoice
A major objective of all business resources is ______
A public relation
B profit sharing
C human relation
D profit making
An advantage of division of labour is _______?
A productivity and total output is increased
B monotony of task is eliminated
C loss of individual craftmanship is minimized
D interdependence of workers increase remuneration
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