Question 1 of 20 1,707 total questions
Entrusting the management of a company to the courts to enable the settlement of the company’s obligations is an indication of?
A distress
B closure
C bankruptcy
D liquidation
At the collapse of a business enterprise, the person appointed to dispose of all assets is called
A a broker
B an auctioneer
C a liquidator
D an auditor
A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a?
A joint partnership
B cooperative
C corperation
D joint venture
One major advantage of a credit and thrift cooperative is that
A It can approach government for loan
B It encourages saving habit
C there are no legal restrictions
D each member has a vote during meetings
The partner that only contributes part of the capital used in the formation and running of a business is known as?
A a passive partner
B an active partner
C a dormant partner
D a nominal partner
Which of the following services does a lawyer render?
A industrial services
B indirect services
C direct services
D commercial services
Land as a factor of production does not vary in?
A quantity
B nature
C quality
D cost
A distinguishing characteristic of labour is that it is
A constant
B expensive
C mobile
D cost
The pivot on the wheel of commerce rotates is
A tariff
B trade
C taxation
D price
The organizational structure above represents
A line and functional structure
B line and staff structure
C functional structure
D line structure
One of the function of the Niger Basin Commission is to
A Ensure equal treatment of African nations
B A. Foster closer co-operation among West African nations
C A. Map out regulation that will guide all navigation for all West African nations
D guarantee freedom of navigation for all West African nations
The instrument establishing the Economic Community of West African State in 1975 is
A a decree
B an act
C a treaty
D constitution
In an organization, civic consideration arises from?
A the profit derived from the enviroment
B its operations witthin the environment
C irs social negative impacts on the community
D the fact that it is registered in that locality
The legal aspect of business is designed to
A protect business organization and consumers
B safeguard consumers from undue business practices
C protect infant industries from collapse
D encourage free exchanges among businesses
The three components of staffing are?
A recruitment, selection and placement
B recruitment, interview and appointment
C recruitment , test and placement
D recruitment, procurement and appointment
The composite functions of management are?
A planning, supervising, communicating
B planning, controlling, organising and directing
C coordinating, supervising , staffing and comunicating
D directing, supervising, motivating, and controlling
A chamber of commerce is an association made up of
A enterpreneurs
B manufacturers
C merchants
D importers
The primary objectives of a trade association is to
A undertake researchwork on behalf of members
B establish easy link with government
C exchange information and negotiate as a preasure group
D operat as a group against other groups
The main difference between nationalization and indigenization is in terms of
A shareholding
B profit
C technology
D efficiency
The first known legislation to protect consumer rights in Nigeria is the
A Usury Laws
B Hire purchase Act
C Sales of Goods Act
D Foood and Drugs Act
Next
Question Navigator
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
