Question 1 of 20 144 total questions
Which of the following is not an objective of ECOWAS?
A Expansion of trade
B Encouraging free movement of persons within member states
C Improvement of infrastructural facilities
D Promoting a common language
Which of the following is an example of itinerant trading?
A Moblie shops
B Mail order Business
C Stall holding
D Selling from kiosk
A business firm which controls more than half of another firm's equity is a?
A holding company
B consortium
C cartel
D syndicate
Which of the following requires a certificate of trading to start business?
A Partnership
B Private Limited Company
C Cooperative society
D Public Limited Company
Which of the following is used to advertise of a company?
A Memorandum of association
B Articles of association
C Certificate of incorporation
D Prospectus
Which of the following is used to advertise of a company?
A Memorandum of association
B Articles of association
C Certificate of incorporation
D Prospectus
Which of the following is most appropriate for a "Cash with order" terms of sale?
A Proforma invoice
B Credit note
C Debit note
D Consignment note
Which of the following is a feature of sole proprietorship?
A Issue of shares
B Limited liability
C Limited capital
D Legal entity
Which of the following business must have at least one member with unlimited liability?
A Limited liability company
B Limited partnership
C Nominal partnership
D Public eneterprises
Branding is an aspect of marketing mix associated with?
A price
B product
C place
D distribution
The number of times the average stock of a business is sold within a given period is?
A turnover
B rate of turnover
C sales return
D current ratio
The mark-up of a retailer represents the?
A gross profit
B opening stock
C closing stock
D net profit
Which of the following classified under production?
A Cloth making
B Shoe mining
C Coal mining
D Road construction
hose who are engaged in exploiting natural resources are in?
A extractive occupation
B constructive occupation
C commercial occupation
D manufacturing occupation
Which of the following best describes commerce?
A Buying and selling goods and services
B Buying, selling and distribution and services
C Preserving goods until they are needed
D Making goods and services known to people
One of the main obstacles of establishing the Niger River Basin Commission was to?
A embark on a comprehensive survey of the available water resources
B carry research for the development of fresh water fisheries
C develop infrastructure to facilitate economic activities
D promotes trade among member-state to improve standards of living
One of the obstacles to achieving the objectives of ECOWAS is?
A lack of a common currency
B colonial linkages
C sovereignty of states
D language differences
proper disposal of waste by business firms is one way of discharging their?
A responsibility to government
B environmental responsibility
C community responsibility
D responsibility to customers
In the line type of organizational structure,
A the lines of authority are vertical
B there is the application of division of labour
C specialization is carried to a maximum degree
D the lines of authority are horizontal
A function organization structure is where?
A staff performing the same functions are grouped together
B department performing similar functions grouped together
C activities of similar nature are grouped together
D staff performing similar functions are grouped together
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