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Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to
Aremunerate Q
Breply Q
Cindemnify Q
Dsettle Q
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Question 32
jamb1999
The process of bringing a company under exclusive state ownership and control is know as
Anationalization
Bcommercialization
Cindigenization
Dprivatization
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Question 33
jamb1999
Adigun displays goods of different makes on shelves in his supermarket. This is an example of
Ainvitation to treat
Boffer to sell
Coffer to purchase
Dinvitation to sell
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Question 34
jamb1999
The focal point of the marketing efforts is the`
Aseller
Bprofit
Cproduct
Dbuyer
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Question 35
jamb1999
The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called
Asimplification
Bstandardization
Cspecialization
Dsatisficing
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Question 36
jamb1999
The main role of advertising is to
Aconvince prospective buyers to buy
Bshow the actual shape, form and colour of the products
Cinform people where to obtain goods and services
Dcaptured the attention of people
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Question 37
jamb1999
Modern business philosophy emphasizes
Aquality products
Bcustomer satisfaction
Csales volume
Dpublic relations
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Question 38
jamb1999
A wholesaler dealer in securities is known as a
Astockborker
Bspeculator
Cjobber
Dstag
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Question 39
jamb1999
The forum for the selling and of buying of securities of small and medium companies is called
ASecond Tier Foreign Exchange Market
BForeign Exchange Market
CSecurities and Exchange Commission
DSecond Tier Securities
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Question 40
jamb1999
Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu
Ais entitled always to a cumulative dividends accruing from the shares
Bis entitled to the next dividends due to the shares
Cwill not be entitled to the next dividends due to the shares
Dstill owes N3 on the shares which will be subtracted from the dividends
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Question 41
jamb1999
The elimination of fault in a computer programme is called?
Aconsole
Bdebug
Cdump
Dloop
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Question 42
jamb1999
(i)Foreign investment (ii) Long-term lending (iii) Short-term lending (iv)Foreign exchange (v) Short-term borrowing. Which combination of the above include capital account in international trade?
Ai, iii, and iv
Bii, iii and iv
Cii and v
Di and ii
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Question 43
jamb1999
The three major function unit which the modern computer has are
Athe input the processor and the output units
Bthe black box, output and input units
CBASIC, COBOL and output uits
DBASIC, the processor and PASCAL
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Question 44
jamb1999
Tolu purchase goods from Yemisi and is to pay custom duties before collection. The goods are likely to be collected from.
Aa manufacturer's warehouse
Ba bonded warehouse
Can importer's warehouse
Da wholesaler's warehouse
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Question 45
jamb1999
The principle of subrogation states that
Aan insured person should be indemnifed to the tune of the amount insured
Ban insurance company can stand in place of the insured in dealing with third party
Coly a person who is likely to sufferrd loss should take take out an insurance cover
Dther must be a close connection between the actual loss suffered and risk insured
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Question 46
jamb1999
The rate at which a central bank discount first class bills is called the
Afixed rate
Bbill rate
Cbank rate
Dinterest rate
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Question 47
jamb1999
A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages
Acaused by the insured vehicle
Bto the insured vehicle
Ccause by the other vehicle
Dto the driver of insured vehicle
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Question 48
jamb1999
The overriding advantage of home trade over foreign trade is
Aaccessibility of seller to buyer
Babsence of many documents
Cease in language of transaction
Dease in form of payment
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Question 49
jamb1999
Which of the following document permit an importer to inspect his goods before the arrival of the bill of lading?
ABill of sight
BImport invoice
CConsular invoice
DBill of exchange
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Question 50
jamb1999
The document that indicate instant payment of cash for goods whenever the are delivered is
