Question 1 of 20 2,221 total questions
A document sent to a customer at regular price intervals to enable him know his indebtedness to his supplier is known as?
A debit note
B invoice
C statement
D receipt
E consignment note
A document sent to a customer at regular price intervals to enable him know his indebtedness to his supplier is known as?
A debit note
B invoice
C statement
D receipt
E consignment note
That part of the money in circulation not backed by gold is known as?
A exchange equalization fund
B fiduciary issue
C note and coins
D ordinary note issue
E fictitious assets
The system of parting with authority not responsibility is known as?
A controlling
B planning
C delegating
D movtivating
E co-ordinating
The system of parting with authority not responsibility is known as?
A controlling
B planning
C delegating
D movtivating
E co-ordinating
The most important factor influencing the form of a business unit is?
A expansion possibities
B business intergrity
C the amount of capital value
D adequate number of skilled employees
E the number of competing firms in the industry
Who among the following is NOT a middleman?
A a retailer
B broker
C factor
D consumer
E wholesaler
Terms of payments are quoted on the?
A order form
B a device note
C credit note
D debit note
E invoice
Which of the following was the chief means of transport during the Tran-Saharan Trade?
A Motor lorries
B Horses
C Camels
D Aeroplanes
E Barges
Which of the following is not a reason for imposing custom duty? The need to
A raise revenue
B protect home industry
C prevent dumping
D decrease the volume of world trade
E retaliate
Which of the following requires acceptance bythe editor to make it valuable?
A Postal order
B Cheque
C Promissory note
D Bill of exchange
E Bill of lading
When an order cheque is endorsed it becomes?
A a bearer cheque
B a certified cheque
C an open cheque
D a confirmed cheque
E a dishonoured cheque
Which of the following is mostly used in Nigeria for setting business transactions?
A Credit transfer
B Standing order
C Cheques
D Bank notes and coins
E Bank drafts
Which of the following is not a function of money?
A Unit of account
B Store of value
C Determinant of exchange of medium
D Medium of exchange
E Standard for deferred payment
Which of the following enjoins the buyers ti examine goods thoroughly beforeigeria making a purchase?
A uberrimae fidei
B Caveat subscriptor
C Consumer sovereignty
D Caveat venditor
E Standard for deferred payment
Which of the following enjoins the buyers ti examine goods thoroughly beforeigeria making a purchase?
A uberrimae fidei
B Caveat subscriptor
C Consumer sovereignty
D Caveat venditor
E Standard for deferred payment
Which of the following ensures that manufactured goods conform to the required standard?
A Nigerian Industrial Research Centre
B Standard Organization of Nigeria
C Consumer Consultative Committee
D Price Control Board
E Indigenization Decree
A facility used for impressing pre-paid postage rate on letters is called?
A vending machine
B speed post
C recorded delivery services
D cash register
E franking machine
A facility used for impressing pre-paid postage rate on letters is called?
A vending machine
B speed post
C recorded delivery services
D cash register
E franking machine
A document certifying that goods have been entirely or largely manufactured in the country stated is called?
A certificate of origin
B bill of lading
C letter iof hypothecation
D consular invoice
E ships manifest
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