Question 1 of 20 1,707 total questions
The computer that functions by taking discrete numbers and performing mathematical calculations is called?
A mainframe
B digital
C hybride
D analogue
The compensation the insured gets depends heavily on the?
A economic situation
B premium paid
C risk suffered
D insurer's bouyancy
The primary objective of consumer protection laws is to ensure that?
A consumers derive maximum satisfaction from goods and services
B consumers buy goods and services at cheap rates
C manufacturers of goods and services provides overcome internal competition
D manufacturers of goods and services provides gets optimum profit
The most dangerous pollution is?
A water
B noise pollution
C soil pollution
D air pollution
The most important right of the employee in discharging his duties to the employer is the right to?
A regular emolument
B job security
C working facilities
D annual leave
A major disadvantage of the privatization policy is that?
A the economy would be private-sector-led
B citizens would benefit less from government
C more money would be bought into circulation
D government would loss control of the economy
The Lake Chad Basin Commission was formed in?
Which part of the computer system does the keyboard device belong to?
A Output unit
B Logic unit
C Input unit
D Control unit
The most important benefit of insurance is that it provides?
A control over activities
B the insured with a right to premium
C the insured with a right to full compensation
D protection against risks
A floating policy is an example of?
A marine insurance
B actuaries insurance
C motor insurance
D fire insurance
Use the diagram above to answer questions
A Ais to trade
B Advertising
C Manufacturing
D industry
Use the diagram above to answer the question
A commerce
B exchange
C finance
D construction
Goods are of merchantable quality if they?
A conform to description
B are of equal weight
C are of the same quality
D conform to buyers' purpose
Discounts offered by firms to middlemen for bulk purchases are?
A trade discounts
B sales bonanza
C cash discounts
D seasonal discount
Manufacturers' Association of Nigeria contributes to development by advising the government on?
A industrial policy and harmony
B budget and budgetary control
C budget and industrial control
D environmental protection policy
The use of vending machines in retailing is hindered in a developing economy owing to?
A poor distribution network
B low level of education
C inffective communication system
D lack os steady power supply
International trade takes place as a result of?
A uniformity in costs of production
B inequitable distribution of natural resources
C parity in the level of industrialization
D similarities in climate conditions
Organizing trade fairs in Nigeria is the responsibility of?
A National Directorate of Employment
B Federal Ministry of Commerce
C trade association
D chambers of commerce
An order sent by an importer to an overseas supplier stating the details of goods required is known as?
A export invoice
B ship's manifest
C an indent
D bill of lading
The term 4 net 7 on an invoice means that?
A 4% surcharge will be made unless payment iss made within seven days
B 4% discount will be allowed on the price charged only if the goods are bought within seven days
C 4% discount will be allowed on the price charged only if payment is made after seven days
D 4% discount will be allowed on the price charge if payment is made within seven days
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