Question 1 of 20 2,221 total questions
The agreed amount payable to a policy holder when the event insured against occurs is?
A surrender value
B sum assured
C indemnity
D insurable interest
E endowment
The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?
A bonus issue
B private placing
C offer for sale
D rights issue
E issue by prospectus
The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?
A bonus issue
B private placing
C offer for sale
D rights issue
E issue by prospectus
Which of the following is an example of extractive industry?
A Sewing dresses
B Constructing bridges
C Baking bread
D Assembling iron rods
E Digging for precious stones
Zaico Ltd invoiced goods valued at N80,000 to Victory Ltd for N8,000. Which of the following will Zaico Ltd send to Victory Ltd to correct the error?
A Consignment note
B Credit note
C Advice note
D Debit note
E Statement
Which of the following is not the objective of Consumer Association? To
A ensure that fair prices are charged
B educate consumers on their rights
C prevent fake goods from entering the market
D . prevail on the govemment to enact consumer protection laws
E . ensure correct specihcations as to quality of goods
The process of taking over private business by government is known as?
A naturalisation
B nationalisation
C privatisation
D commercialisation
E indigenisation
A postal order, either crossed or open is only valid for a period of?
A 12 months
B 10 months
C 8 months
D 6 months
E 5 months
30 Rate of turnover is the?
A number of times opening stock is sold during a period
B rate paid by retailers for their stocks
C rate paid to agents forturning over their stock ata given period
D . number of times the stock is turned over
E number of times average stock is sold during a period
The storing of goods under proper conditions until they are required is a function of?
A stock taking
B warehousing
C stock control
D merchandising
E blending
Who among the following is not a commercial occ?upaation
A A stoke broker
B An engineer
C A banker
D A common carrier
E An advertising agent
The coming together of firms at different stages of the production process is known as?
A horizontal integration
B vertical integration
C consortium
D cartel
E holding company
In which of the following are the objectives of a company stated?
A Annual Report
B Articles of Association
C Certificate of Incorporation
D Certificate of Trading
E Memorandum of Association
Which of the following is an objective of indigenisation? To
A increase foreign participation in business
B attract foreign Capital
C help Nigerian entrepreneurs become monopolists
D help citizens participate fully in the economy
E distribute income
Which of the following is not a feature of supermarkets?
A Standard shop fronts
B Self service
C Use of trolleys
D Small number of sales assistants
E Stocking mainly food items
Agents who link buyers with sellers receive?
A factorage
B brokerage
C bonus
D interest
E premium
Which of the following does not determine the form ofa business unit?
A Available capital
B Risk bearing
C Nearness to market
D Ownership
E Nature of business
Which of the following is sent when credit is not allowed?
A Debit note
B Proforma invoice
C Credit note
D Statement
E Advice note
ln which of the following environments does a firm that uses out-dated equipment operate?
A Economic
B Technological
C Social
D Political
E Legal
. Which ofthe following is notan aim of advertising? To
A drive away smaller firms
B satisfy consumers
C help firms compete with others
D make one’s product known
E increase sales
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