Question 1 of 20 383 total questions
Which of these means of payment originates from a creditor?
A Bill of exchange
B Cheque
C Coins and currencies
D Promissory note
E Standing order
Commerce is often referred to as the life blood of every nation because it
A commits financial resources to the nation
B contributes to economic development to the nation
C creates utilities for human satisfaction
D provides auxiliary services to trade
E provides all the resources use for production
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
A bear
B broker
C bull
D jobber
E speculator
The following are functions of marketing EXCEPT
A advertising
B distribution
C insurance
D packaging
E transportation
Which of these is NOT a governments legislation to protect thee consumer?
A Fair trading
B Foods and drugs
C Privatization and commercialization
D Weight and measure
E Trade description
The activities concerned with changing of raw materials into finished products belong to ______ occupation
A commercial
B constructive
C extractive
D manufacturing
E service
The coming together of two or more firms with each of them losing its identity is known as
A amalgamation
B cartel
C consortium
D holding
E trust
The aid to trade which enables producer and consumer to transact business without physical contact is known as
A advertising
B communication
C insurance
D tourism
E transportation
The document that spells out the relationship of a company with the outside world is known as
A article of association
B certificate of incorporation
C deed of partnership
D document of registration
E memorandum of association
Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a
A discount
B gain
C loss
D par value
E premium
Which of the following types of insurance is usually excluded from the principle of indemnity?
A Fidelity Guarantee
B Fire
C Life
D Marine
E Motor Vehicle
Which of the following forms part of a company’s Article of Association?
A Goodwill and status of shareholders
B Name of the company
C Nature and object of the business
D Registered office
E Voting powers and the use of proxy
Which of the following is NOT a credit instrument?
A Bank Notes
B Bill of Exchange
C Bill of Lading
D Cheques
E Promissory Notes
In the event of winding up of a company, who among the following is paid last?
A Cumulative preference shareholders
B Debenture holders
C Ordinary shareholders
D Preference Shareholders
E Trade creditors
Which of the following advertising media preselects its readership through the nature of its content?
A Billboard
B Hand bill
C Magazine
D Newspaper
E Poster
Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.
A demand
B identification
C replacement
D stabilization
E standardization
The following are advantages of division of labour specialization EXCEPT that it
A enhances interdependence
B increases output
C increases skill and dexterity
D leads to monotony
E promotes efficient of tools
Gross profit can be calculated as
A Cost of good sold minus cost of goods available for sale
B cost of goods available for sales minus sale
C Sales minus purchases
D Sales minus cost of good sold
E Sales minus closing stock
Departmental store, supermarket and chain store are examples of
A large scale retailers
B large scale whole-salers
C medium scale producers
D small scale retailers
E small scale wholesalers
The Nigeria Enterprises promotion Decree brought about policy
A commercialization
B indigenization
C industrialization
D nationalization
E privatization
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