Question 1 of 20 1,707 total questions
An internal demand for goods to be purchased or drawn from stock is?
A a quoation
B a requisition
C a tender
D an order
Loan schemes by thrift societies are?
A mortage schemes
B conventional schemes
C mutual schemes
D unconventional schemes
Fluctuations in the supply of goods may be eliminated if the distribution system maintains?
A modern technology
B a team of retailers
C warehouse services
D sufficient middlemen
Factors of production can be described as the?
A resources required for the provision of goods and services
B skills involves in deciding and directing the flow of goods
C monetary tools employed by government to ensure stable production
D elements involved in the process of formulating policies on production
Commerce includes all the occupations concerned with?
A sales
B production
C marketing
D distribution
The acronym PLC is used to identify a?
A company limited by shares
B private company limited by shares
C public company limited by shares
D company limited by guarantee
The most important function of commerce is?
A helping people to improve thir profits
B facilitaing exchanges among indiviuals and firms
C assisting trade through banking and insurance
D enhancing business relationships
The merger of a textile mill, a cement company and a tannery is referred to as?
A conglomerate merger
B horizontal merger
C lateral merger
D vertiical merger
A written partnership contract is known as?
A an invoice
B a deed
C a prospectus
D a proposal
The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?
A rejuvenation
B focus
C diversification
D consolidation
An action taken by a company outside its object clause is regarded as?
A ultra vires
B a trespass
C uberrima fides
D caveat emptor
Authorized share capital is also known as?
A called-up share capital
B paid-up share
C registered share capital
D issued share capital
A group of assets which a business acquires with the intention of reselling them are referred to as?
A current assets
B investment assets
C fixed assets
D intangible assets
A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the?
A Securities and Exchanfge commission
B commodity market
C Nigerian Stock Exchange
D Central Bank of Nigeria
In international trade, documentary credit is also known as?
A credit note
B letters of credit
C bankers' note
D letter of hypothecation
What is the role of the capita; market in the privatization exercise in Nigeria?
A Selling the shares and stocks of the companies to be privtized
B Encouraging private companies to participate inthe exercise
C Negotiating with individuals who want to buy public companies
D Advertising for governement
The shares of a company listed on the stock exchange for sale are referred to as?
A registered shares
B deferred shares
C issued shares
D quoted shares
The instruments of credit includes?
A billboards and postal stamps
B payment vouchers and statement of account
C bills of exchange and promissory notes
D bills of exchange and salary salary vouchers
In a primary market, new shares are issued through?
A personal selling, publicity and advertising
B a prospectus, an offer for sale and bill of exchange
C advertising a prospectus, and bill of exchange
D a prospectus, an offer for sale and placing
Charges for loans paid by commercial banks to the Central Bank of Nigeria are called?
A bank rates
B credits charges
C interest rates
D bank charges
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