Question 1 of 20 2,221 total questions
The following factor must be considered before setting up a retail business except?
A capital
B experience
C location
D size of market
E public relationship
In large offices where a large number of mails is posted daily,which of the following quickens the stamping of envelopes?
A Franking
B Collating
C Sorting
D Trimming
E Shredding
Bonded warehouse are controlled by?
A wholesale merchants
B Co-operative wholesale society
C Shipping and forwarding agencies
D Customs and Excise authorities
E Freight forwarders
Parties to bill of exchange that is endorsed to a third party are the?
A drawer, payee, creditor
B drawer, drawee, debtor
C payee, drawee, debtor
D drawer, drawee, payee
E creditor, debtor, drawer
Organization licensed and authorized to deliver fast malls, and parcels are engaged in?
A courier services
B career services
C post-free sevices
D haulage services
E transport services
A bill of lading is best described as the?
A document of title to, the goods on board a ship
B certificate of value for the goods on board
C evidence of payment of customs duties
D certified of goods
E certified of quality of goods imported
In foreign trade, a country specializes in the production of a commodity in which it has?
A high production potentials
B the greatest relative advantage
C a large market
D political influence
E the highest relative cost
Commerce increases the utility of goods by making them available when they are wanted. This function is performed by the use of?
A banks
B insurance
C transport
D advertising
E warehousing
The difference between the value of imports of goods for a particular year is known as?
A balance of payment
B balance sheet
C balance of trade
D terms of trade
E terms of payment
A charge is specified cross if?
A it has two parallel lines across it
B the words & Co are written in between the lines?
C the name of a bank is written across it
D the words not negotiable are written across it
E the name of the banker on the cheque
Which of the following is not a reason for dishonoring a cheque?
A Irregular signature
B Signed alteration on the cheque
C Insufficient fund in drawer's account
D Drawers stopped payment on time
E Amount in words differs from what written in figures
The abbreviation IDAPOLY on the letter - headed papers of the federal polytechnic Idah is an example of a?
A cablegram
B postmark
C post code
D telegraphic address
E multiple address telegram
One means of making payment through NIPOST is the?
A cheque
B money order
C standing order
D promissory order
E counterfoil
The document issued to a lender under a company's seal acknowledging a debt is called?
A stock
B share
C dividend warrant
D debenture
E mortgage
Any paid form of non-presentation of goods services by an identified sponsor is known as?
A merchandising
B advertising
C publicity
D public relations
E sales promotion
A sales agreement whereby the buyer takes possession but not title to goods is called?
A mortgage
B auction sale
C deferred payment
D hire purchase
E warranty
Which of the following is the quickest and most accurate means id communication?
A Telegram
B Express mail
C Courier service
D Telex
E Railex
The difference between cost and selling prices gives?
A Trading account
B net profit/loss
C gross profit or loss
D appropriation `
E balance sheet
The abbreviation ECOWAS stands for?
A Economic Community of West African States
B Economic Communion of West African States
C Economic Council Of West African States
D Economics Council of West African States
E Economics Cooperation of west African States
Which of the following markets functions involves the actual movement of goods?
A Exchange function
B Distribution function
C Facilitating function
D Marketing information function
E Stimulation function
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