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Which of the following is not true of air transport?
Ait is used to transport goods of high value
Bhas high operating costs
Cit is good for transporting blood for infusion
Doperates normally irrespective of weather conditions
Eit travels on schedule
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Question 2
waec1998
A symbol that is used to distinguish a company's product from others is a
Alicence
Btrade mark
Cpatent right
Dtrade permit
Ecopy right
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Question 3
waec1998
Penalty imposed by a ship owner for exceeding the period charter is
Alump sum
Bdock dues
Ctariff
Ddemurrage
Edead frieght
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Question 4
waec1998
Which of the following is not a business resource?
AMarket
BMan
CMoney
DMachine
EMaterials
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Question 5
waec1998
One advantage of direct selling is
Alow cost
Bimmediate feedback
Cmass appeal
Dself-service
Espeedy market coverage
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Question 6
waec1998
Which of the following guarantees payment on presentation?
ACertified cheque
BCrossed cheque
COrder cheque
DBearer cheque
EOpen cheque
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Question 7
waec1998
Which of the following is legally used by the insured while the policy is being processed?
ACover note
BProposal form
CIndemnity form
DPremium
EClaim Form
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Question 8
waec1998
In the capital structure of a Public Limited Company, the term equity refers to
Apreference shares
Bordinary shares
Cdebentures
Dstocks
Ebonds
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Question 9
waec1998
XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.
XYZ Ltd's Net Profit is
A#58,000.00
B#38,000.00
C#24,000.00
D#22,000.00
E#20,000.00
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Question 10
waec1998
XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.
XYZ Ltd's profit is
A#58,000.00
B#42,000.00
C#38,000.00
D#22,000.00
E#20,000.00
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Question 11
waec1998
The time allowed for unloading and loading ships is referred to as
Adays of grace
Bcharter by demise
Cvoyage charter
Dtime charter
Elay days
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Question 12
waec1998
Price lists, catalogues and COD are mainly used in operating
Achain stores
Bsupermarkets
Cdepartment stores
Dmail order business
Ehypermarkets
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Question 13
waec1998
Which of the following is not a method of selling
ASelf-services
BExhibition
CMail Order
DStock control
EAutomatic vending
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Question 14
waec1998
The Third Party Motor Vehicle Insurance Policy covers damages
Ato both passengers and vehicle
Bcaused by the vehicle insured
Cto all parties concerned
Dto all vehicles involved
Eto the insured vehicle only
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Question 15
waec1998
A speculator who applies for new stocks and shares with the intention of selling them them at higher price is a
Abull
Bstag
Cbear
Djobber
Ebroker
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Question 16
waec1998
Which of the following is a disadvantage of road transport?
ATakes an available route
BFast overshort distances
CIncreased handling of goods
DOffers door-to-door services
ERelatively cheap
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Question 17
waec1998
Which of the following has no legal capacity to a contract
APublic Limited Company
BPublic Corporation
CCo-operative Society
DA Minor
EA Limited Partnership
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Question 18
waec1998
The production process is completed when what is produced
Ais in the manufacturer's warehouse
Bhas reached the manufacturer's agent
Cis in the wholesaler's warehouse
Dhas reached the retailers
Ehas reached the final users
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Question 19
waec1998
The total asset of business minus its total liability is the
