Question 1 of 20 178 total questions
Which of the following would be necessary before the introduction of a new product?
A Product differentiation
B Target marketing
C Market research
D Market segmentation
Which of the following is a means by which a contract of agency could be terminated?
A Mutual agreement
B Lack of consideration
C Failure to insure the contract
D Payment of commission
Which of the following makes it an offense for a trader to make untrue statement about his goods?
A Consumerism
B Consumer Credit Act
C Trade Description Act
D Price Control Act
Commercial activities among West African countries are greatly hindered by
A nationalization decree
B lack of an acceptable medium of exchange
C good road network
D too many commercial banks
The people involved in the formation of new companies are called?
A members
B directors
C shareholders
D promoters
Which of the following is a function of a stock broker
A Provision of short-term capital
B Giving investment advice
C Regulation of stock exchange practices
D Granting of loans to investors
When a quotation is marked C.W.O , it means
A no credit facility is allowed
B no discount is allowed
C the buyer should beware
D the seller should beware
Time policy in insurance is associated with
A motor vehicles
B ships at sea
C life endowment
D goods in transit
A retail outlet is described as a multiple shop when it
A has many shops under one roof
B sells goods which are not standardized
C sells through catalogue
D deals in one line of goods
If the amount of dividend paid varies according to the level of profit; what type of share is involved?
A Cumulative preference share
B Preference share
C Deferred share
D Ordinary share
Postage marks can be printed on letters and parcels using
A Teleprinter machine
B facsimile machine
C folding machine
D franking machine
C.O.D transactions are associated with
A mail order firms
B mobile shops
C supermarkets
D multiple shops
Which of the following organizations aims at providing relief for countries facing adverse balance of payment?
A A.C.P
B G.A.T.T
C U.N.C.T.A.D
D I.M.F
A set of measures pursued by an organization in order to maintain goodwill in its environment is referred to as
A human relations
B public relations
C personal relations
D organizational set up
Which of the following is the correct sequence in which the following documents are used?
A Order, delivery note, debit note, invoice, statement
B Order, advice note, debit note,invoice,statement
C Order, statement, delivery note, invoice, debit note
D Order, delivery note, invoice, debit note, statement
A seller quoting his goods loco price means that
A all charges are borne by the seller
B all charges are borne by the buyer
C the seller pays carriage as far as the buyers warehouse
D the price includes cost, insurance and freight
Which of the following is not suitable for hire purchase?
A Textiles
B Furniture
C Refrigerators
D Printing machine
Which of the following encourages trade between regions?
A Differences in currencies of countries
B Difference in national income of countries
C Existence of trade associations
D Differences in natural resources
A rate at which the central bank discounts first class bills
B rate at which a country's exports exchange for its imports
C expected rate of returns on an investment
D rate of payment for goods and services purchased
Which of the following is a feature peculiar multiple shops?
A Central Location
B Self Service
C Central Buying
D One stop shopping
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