Question 1 of 20 2,221 total questions
Which of the following statements is true of the manufacturing industry?
A The factors of production cannot move to other occupations
B It is involved in changing raw materials to finished goods
C Its product cannot be distributed to consumers
D It doesn't not benefit from the services of direct labour
E The workers are unskilled
Department stores are usually located?
A where low income earners live
B In suburban towns
C at city centres
D in low rental areas
E In areas free from traffic jam
In which class of occupation would doctors, teachers and entertainers be grouped?
A Extraction
B Industrial
C Direct Service
D Commercial
E Industrial Service
Which of the following is not a branch of production?
A Consumption
B Extraction
C Manufacturing
D Distribution
E Direct services
A system in which people provide their own needs directly is known as?
A sub-standard economy
B subsistence economy
C mixed economy
D monetized economy
E specialized economy
Trade can be described as?
A purchase of goods and services
B production of goods
C buying and selling
D distribution of goods
E storage of goods
Which of the following is not an aid to trade?
A Transport
B Production
C Banking
D Insurance
E Warehouse
Which of the following comes last in the chain of distribution? The
A consumer
B manufacturer
C retailer
D wholesaler
E agent
Which of the following is not a basic want of man?
A Transport
B Food
C Water
D Clothing
E Shelter
The function of commerce in production is that it?
A helps in the extraction of raw materials
B provides a link between the different arms of production
C is the only branch that satisfies wants
D yields result
E changes raw materials to finished goods
Into which of the following countries does a Nigeria not need a visa to enter?
A America
B Ghana
C Russia
D Kenya
E Libya
Details or services available and information regarding terms of carriage by post are contained in a?
A business manual
B post office guide
C trade journal
D telephone directory
E service manual
The essence of marketing concepts is that all company planning, operations and other activities should be?
A consumer- oriented
B dividend - oriented
C profit - oriented
D product- oriented
E company - oriented
The essence of marketing concepts is that all company planning, operations and other activities should be?
A consumer- oriented
B dividend - oriented
C profit - oriented
D product- oriented
E company - oriented
The essence of marketing concepts is that all company planning, operations and other activities should be?
A consumer- oriented
B dividend - oriented
C profit - oriented
D product- oriented
E company - oriented
Voyage policy is issued when goods are insured?
A between one pot and another
B according to the weight
C according to the value of goods
D according to the risk involved
E for a specific time
An advance that is specially given foe housing or building projects is called?
A a loan
B an overdraft
C a debenture
D a collateral
E a mortgage
Which of the following is a good example of capital market?
A Money Market
B Bureau de change
C Ministry of Finance
D The stock exchange
E Commercial Bank
The sign on Volkswagen represents the?
A trade mark
B trade same
C patent right
D copy right
E brand name
Which of the following is not a basic utility created by marketing?
A Time
B Ownership
C Place
D Possession
E Form
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