Question 1 of 20 160 total questions
The protection of consumers against exploitation by manufacturers is to ensure?
A thaty there are varieties of product
B that the right quality of goods and services is sold
C increase in production capacity
D increase in the level of consumers awareness
The market structure, business conditions and financial system in Nigeria constitute the?
A economic enironment
B political environment
C cultural environment
D technological environment
The device which interprets and carries out the instructions presented to it by the computer program is known as?
A software
B microprocessor
C mouse
D hard-disk
A major benefit derivable from the privatization and commercialization of public enterprises in Nigeria is?
A increase in wages
B employment generation
C information technology
D revenue generation
Electronic computers differ and minimize errors in a?
A faster and more accurate manner
B more organized manner
C faster but less accurate manner
D slower but more accurate manner
Privatization is concerned with?
A equal ownership between the public and the governement
B thje dilution of ownership among the public
C the individual ownership of companies
D governement ownership of companies
The ECOBANK is the initiative of?
A some well-meaning Nigerian shareholders
B the Federal Government of Nigeria
C West African states tto foster trade
D the Lagos State Governement to enhance capital mobilization
Social responsibility of an organization to?
A tackle the socio-economic problem of its community
B meet the needs of its community
C contribute to sustaining and developing its community
D operate without disrupting the very essence of the enviroment
The act of a person employing another to enter into a contract on his behalf is known as?
A business
B sale of goods
C bilateral agreement
D agency
The government policy thrust on the business environment is to?
A promote experts
B attract investors
C be self-sufficient
D increase production
The assembling of products into usable forms is known as?
A construction
B manufacturing
C formation
D creation
One of the requirements necessary for setting up a business is?
A registration
B advertisement
C knowledge of the business
D documentation
The evolution of commerce in Nigeria is traceable to the?
A period of barter economy as human needs became limitless
B desire by human beings to satify their needs through the services of other people inthe society
C development of human civlizations and the desire to meet their needs
D primitive stage of existence of human beings
The location of a business is mostly influenced by?
A market outlet
B management decision
C capital
D environment
Which oft these factors of production is relatively fixed in supply?
A Capital
B Enterpreneuer
C Human resources
D Natural resources
The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a?
A joint venture
B cooperative society
C partnership
D company
In the event of the liquidation of a company, the first to be settled are?
A debenture holders
B members of the board
C preference shareholders
D ordinary shareholders
Entrepreneurship mainly involves?
A risk-taking
B initiating
C skilled manpower
D knowledge
A functional structure is an organizational structure in which?
A abstract rules are applied
B equity prevails
C a specialist enforces his directives
D there is no hierarchy
Stimulation of demand is a kind of communication in marketing which connotes?
A personal selling
B sales promotion
C advertising
D merchandising
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