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An agent must not make any secret profit in the performance of his duties but can be rewarded by his principal through
Aremuneration and indemnity
Bpayments of commision and salary
Cgranting of business concessions
Dforwarding of business links
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Question 62
jamb1998
Personnel activities that promote the general image of an organization are part of
Aadvertising
Bsales promotion
Cpublic relations
Dbusiness correspondence
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Question 63
jamb1998
The oral presentation iv a conversation with one or more prospective buyers for the purpose of making sales is
Abranding of goods
Bpersonal selling
Cpackaging
Dpublicity
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Question 64
jamb1998
Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting?
Amarket skimming
Bmarket penetration
Cproduct live promotion
Dabove the market pricing
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Question 65
jamb1998
An underlined principle in the marketing of goods is that firms should
ATrain their personnel
Bbe consumers oriented
Cadvertise the goods
Dsell through outlets
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Question 66
jamb1998
(i) Companies must be registered as private limited liability companies. (ii)Companies must not have less than 100 shareholders (iii) No shareholder may have more than 75% of issued shared capital. What of the above are requirements for admission into the second-tier securities market?
Ai and ii only.
Bi and iii only
Ci, ii and iii only
Dii and iii only.
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Question 67
jamb1998
The type of securities that the stock exchange deals with are
Awarrants, currency notes, money orders and postal orders
Bcheques, bankdrafts , warrants and promissory notes
Cbonds ivory, treasure bills, debentures and warrants
Dstocks, shares, bonds and warrants.
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Question 68
jamb1998
The assets, liabilities and general management of a distressed bank may be taken over by?
AInternational Bank for Reconstruction and development
BNigeria Industrial Development Bank
CNigeria Banks Deposit Insurance corporation
DNigeria Bank for Commerce and Industry
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Question 69
jamb1998
The most important difference between community banks and peoples’ bank is that the?
Alatter is owned solely by government while the former are not
Bformer cater for ruler dwellers while the latter cater for both rural and urban dwellers
Cformer are service oriented while the latter are profit oriented
Dlatter advances loans to the public while former advance loans to the rural dwellers only.
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Question 70
jamb1998
Insurance companies operate on the principal of indemnity. This means that an insured person or firm collector
AOnly half of the loss suffered
Bdouble the value of the losses suffered
Cthe total sum of the premium paid prior to the loss
Ddamage claims equal to the loss suffered.
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Question 71
jamb1998
the two main categories under which marine losses fall into are?
Aparticular loss and average loss
Bactual loss and average loss
Ctotal loss and partial loss
Dvoyage policy loss and time policy loss
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Question 72
jamb1998
The document with which a manufacturing enterprises releases stock
Of raw materials to the factory for product is called?
Astock releases form
Bgoods received note
Cstock issues voucher
Dmaterials release note
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Question 73
jamb1998
When a price is quoted at F.O.B. it means that the price?
Aexcludes loading charges incurred in bringing the goods to port of destinction
Bexclude all necessary shipping charges payable for insurrance
Cincludes all charges payable on shipping a consignment to the port destination
Dincludes charges payable for for loading goods onto the ship
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Question 74
jamb1998
Enter pot trade is said to have taken place when goods are?
Aheld at the port payment of custom duty
Bsold in the ship under special regulation
Cimported and then re-export
Dkept for further processing before sales
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Question 75
jamb1998
What document is required when a country imposes ad valorem import duties on goods?
AA mail transfer
BA shipping note
CA billb of lading
DA consular invoice
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Question 76
jamb1998
A machine which enable s sales without the physical presence of a sales attendant is a
Acomputer machine
Bvending machine
Ctelex machine
Dfax machine
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Question 77
jamb1998
If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?
A23.3%
B33.3%
C50.0%
D66.6%
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Question 78
jamb1998
The form of capital which is easily transferred into the form desired is known as?
