Question 1 of 20 160 total questions
Which of the following documents is required when a bill of lading is not readily available to enable the goods to be landed?
A Bill of exchange
B Certificate of origin
C Consumers invoice
D Bill of sight
Which of the following documents is required when a bill of lading is not readily available to enable the goods to be landed?
A Bill of exchange
B Certificate of origin
C Consumers invoice
D Bill of sight
Which of the following tells the customer exactly what has been sold to him, the amount due and any discount granted?
A Advice note
B Statement
C Invoice
D Credit note
Which of the following tells the customer exactly what has been sold to him, the amount due and any discount granted?
A Advice note
B Statement
C Invoice
D Credit note
To sell a bill at less that the face value before its maturity is?
A discounting
B retiring
C accepting
D noting
To sell a bill at less that the face value before its maturity is?
A discounting
B retiring
C accepting
D noting
Entrepot trade means?
A exchange of goods between two countries
B exchange of goods among many countries
C exporting goods to be re - imported
D importing goods to be re-exported
Which of the following requires services of middlemen?
A Technical goods
B Expensive goods
C Convenience goods
D Perishable goods
The refund made by on goods re-exported after being imported is known as?
A import duty
B export duty
C excise drawback
D customs drawback
Which of the following is not a function of the retailing?
A Buying in bulk and warehousing
B Buying and selling in bits to consumers
C Advising consumers on the right type of goods
D Granting credits to customers
Which of the following is not a function of the retailing?
A Buying in bulk and warehousing
B Buying and selling in bits to consumers
C Advising consumers on the right type of goods
D Granting credits to customers
Which of the following is an advantage of large scale retailing?
A Decline in personal service
B Pilfering
C High overhead cost
D One-stop shopping
The rate of turnover of a company in a given year is 4 times while the average stock is N12,4OO. What is the turnover of the company?
A N49,600
B N24,800
C N6,200
D N3,100
A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?
A N90,000
B N60,000
C N54,000
D N36,000
A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?
A N90,000
B N60,000
C N54,000
D N36,000
In which of the following do shareholders always vote according to their shareholdings?
A Partnership
B Cooperative society
C Public limited company
D Public corporation
A partner without an unlimited liability is known as a?
A dormant partner
B nominal partner
C general partner
D active partner
A partner without an unlimited liability is known as a?
A dormant partner
B nominal partner
C general partner
D active partner
If the turnover of as business is N16,000 and the cost of goods N12,000, what is the percentage of gross profit on sales?
They total amount of money actually received by a company out of the issued capital is?
A paid - up capital
B unissued capital
C reserved capital
D called-up capital
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