Question 1 of 20 178 total questions
In Nigeria, the ministry in charge of registering trade associations is that of?
A industries
B commerce
C culture and tourism
D finance
Wholesalers can be divided into?
A sales agent and brokers
B full service
C cooperative wholesale society and limited service wholesalers
D merchant wholesales and egent middlemen
The association that comprises all types of businesses is referred to as?
A chamber of commerce
B trust
C trade association
D cartel
Which of the following confirms the accuracy of the duty charged on imported goods?
A An indent
B Consular invoice
C Consignment note
D Shipping note
Which of the middlemen in the channel of distribution has tittle to the goods he distributes?
A The merchant wholesaler
B The agent
C The limited wholersaler
D The retailer
A major function of a chamber of commerce is?
A increaseing productivity
B promoting both home and foreign trade
C promoting trade in a particular line
D maximizing profit
A type of credit offered by both commercial and merchant banks in Nigeria is?
A trade credit
B line of credit
C discounting facility
D overdraft
A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?
A promissary note
B bankdraft
C banker's order
D travellers' cheque
The necessary documents used in foreign trade are?
A bill of lading, invoice and letter of inqiry
B indent, bill of exchange, bill of lading and voice
C voice, shipping note, bill of lading and freight note
D shipping note, certificate of origin and visible exports
The availability of goods and services is brought to the notice of customers through?
A personal selling
B public relations
C the telephone
D advertising
An engineer in government employ is to be rendering?
A primary service
B tertiary service
C indirect service
D direct service
The Nigerian Telecommunications Limited is a?
A jointly owned company
B public corpoation
C privately owned company
D public company
Occupations are classified into?
A production, labour and economics
B extraction, construction and manufacturing
C industry, commerce and serves
D trade, aids to trade and serivices
An acquired firm in a merger will always receive a?
A premium
B grant
C share
D discount
The most important concept on production is?
A utility
B wealth creation
C transformation
D distribution
One of the disadvantages of a sole proprietorship is?
A secrecy of annual reports
B pride of ownership
C limited liability
D unlimited liability
A partnership is dissolved when?
A the business suffers a loss
B there is bankruptcy
C there is consistent theft
D there is misunderstanding between partners
In CIF contracts, risk passes at the time of shipment but the property does not pass until?
A there is physical transfer of goods
B the shipping manifest are signed
C the shipping documents are transferred
D the goods on board are delivered
The factors essential for tourism are?
A accessibility, capital, amenties, accessibility and scenery
B goods weather, amenties, accessibility and scenery
C amenties, capital, accessibility and markets
D good weather, capital, schools and scenery
A business firm that is involved in conveying goods or people is known as a?
A consignor
B commercial firm
C carrier
D transporter
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