Question 1 of 20 121 total questions
The harmonious relationship among the various units in an organization is ensured through
A co-ordination
B motivation
C planning
D leadership
which of the following is the most important business resource?
A money
B management
C materials
D manpower
For establishment of a powerful consumers' association in Nigeria to exist, there must be
A financial and moral support from the public
B honest and commited leadership
C allocation of goods from the producer
D freedom from external influence
NACCIMA stands for
A Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
B Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
C National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
D Nigerian association of Chambers of commerce, Industries, Mines and Agriculture
Which of the following maxims negate the principle of collective bargaining?
A individual employees have weak bargaining base
B individual employees attain strength when they come together in union
C only members of the union can benefit from agreements negotiated by the union
D collective bargainig covers the vast majority of employees, whether union members or not
Which of the following has power to order withdrawal of a particular food item from circulation?
A Standard organisation of Nigeria
B Federal High courts in Nigeria
C Food and Drug Department of the Federal Ministry of health
D Local government health inspector
The comprehensive import supervision scheme was set up by the federal government in order to
A reverse Nigeria's unfavourable balance of trade
B promote fair trade between Nigeria and other countries
C counteract all fraudulent business deals of Nigeria with other nationals
D ensue that import into Nigeria are of the correct quality, value and quantity
Nationalization of an industry means that its ownership becomes that of
A government
B shareholders
C taxpayers
D indigenes
Mr Amusa says to Mr Bello 'i will sell you this hat for N30'. And Mr Bello replied 'i will pay N29'. The contract is
A an offer and acceptance
B an implied contract
C a complete simple contract
D an offer but no acceptance
An agreement to sell is distinguishable from sale because in the former, the transfer of goods is
A not anticipated
B not discussed
C deferred
D immediate
Which of the following must be present in an agency by agreement?
A intentions
B will
C consent
D authority
One advantage of personal selling over all other elements of promotion is that
A it can provide instant feedback
B it is very cheap in terms of cost per contact
C it does not need to use mass media
D sales people are wewll trained
Which of the following is a form of sales promotion
A advertising on radio
B offering free sample
C distributing printed materials
D advertising on television
Which of the following items has the shortest effect on the consumer
A fashion
B innovation
C fad
D attribute
The element of the marketing mix are
A product promotion, place and price
B [personal selling, advertising and research
C promotion, production, place and price
D procurement, price, product and place
The second tier security market is
A an appendage to the Nigeria stock exchange
B a member of the Nigeria stock exchange
C meant for the shares of quoted private companies
D a regulating arm of the Nigerian stock exchange
The business in the stock exchange is characterized essentially by
A dealing
B brokerage
C speculations
D transactions
Which of the following is both direct and indirect credit enterprise?
A A co-operative and thrift society
B retail co-operative society
C consumer co-operative society
D wholesaler co-operative society
The financial institution established to boost Nigeria's trade with the rest of the world is called
A Nigerian Deposit Insurance Corporation
B Nigerian Economic Reconstruction Fund
C Nigerian Industrial Development Bank
D Nigerian Export-Import Bank
Drawing two parallel lines across a cheque means that it has to be paid into the account of the
A payee
B drawer
C drawee
D payer
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