Question 1 of 20 1,707 total questions
The Customs and Excise Department is responsible for the the collection of?
A royalties
B tariffs
C taxes
D charges
The major types of warehouse are?
A manufacturer, bonded, departemental and private
B bonded, public, coldroom and private
C manufacturer, bonded, public and departmental
D wholesaler, manufacturer, public and bonded
Consumerism aims at protecting the consumer from?
A harmful products
B drug addiction
C smoking cigarettes
D alcohol consumption
Hire purchase is beneficial to the seller because?
A it enhances his living standard
B it increases his turnover
C people pay instalmentally
D of the patronage he enjoys
A trade association consists of members engaged in the same trade while a chamber of commerce is?
A highly regulated by a governent agency
B not restricted on a particular industry
C made up of members that are registered
D made up of firms in the banking industry
The members of ECOWAS include?
A Nigeria, Chad, Gabon and Cape Verde
B Burkina Faso, Nigeria and Ghana, Algeria
C Guinea, Mali, Cameroun and Nigeria
D Togo, Niger, Nigeria and Ghana
The most important advantage of privatization is the enhancement of?
A liquidity
B accountantability
C profitability
D efficiency
When one person approves an act previously done by another in the former's name without authority, this is known as?
A ratification
B estoppel
C illegality
D misrepresentation
Safeguarding the health of the nation' is the slogan used by?
A NDLEA
B NHIS
C NAFDAC
D EPL
In Nigeria, the main source of pollution is?
A domestic waste
B oganic waste
C gas flaring
D industral waste
The headquarters of the lake Chad Basin Commission is in?
A Niamey
B N'Djamena
C Abuja
D Lagos
A protection right which can be reviewed or renewed after seven years is known as?
A patent
B design
C registration name
D trade mark
A feature common to privatization and commercialization is?
A profit-making
B credit sales
C market expansion
D price increases
The safety and quality of products are the social responsibility of?
A the Standards Organization of Nigeria
B the Manufacturers' Association of Nigeria
C the Corporate Affairs Commission
D business organizations
A liquidator's fee is to be charged to the?
A realization account
B trading account
C revaluation account
D reconstruction account
Materials used for further production of goods and services are known as?
A export goods
B intermediate goods
C capital goods
D consumer goods
The difference between a private and public limited liability company is that the former?
A is unable to offer shares to the public
B is unable to declare and pay dividend
C has a higher number of shareholders
D pays higher salaries to its managers
The development of commerce resulted from?
A trading
B competition
C importation
D specialization
i. Wholesaler
A iii, ii, i and iv
B iii, i, iv and ii
C i, ii, iii and iv
D ii, iii, i and iv
Capital to a business is technically?
A an expense
B availiability of local market
C an assets
D a porfit
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