Question 0The major factors that facilitate merchandising areA.commuincation , advertising and bankingB.trading, warehousing and productionC.management, insurance, and advertisingD.banking, insurance and transportationE.Objective Show full explanation
Question 0Product involvesA.making goods avaiable where and when neededB.changing the form of goods, moving and making them avaiable as neededC.the manufacturing of goods and provision of servicesD.the assembling of all necessary parts to produce a finished productE.Objective Show full explanation
Question 0The application of division of labour should generally bring aboutA.increase in the quantity of goods and serviceB.increase in the variety of goods and servicesC.cheapness of goods and servicesD.cost efficiency in the production of goods and servicesE.Objective Show full explanation
Question 0The term Plc implies that the are availableA.to the public at the companyB.privately on the stock exchangeC.publicly on the stock exchangeD.publicly in commericial banksE.Objective Show full explanation
Question 0Which of these is both merit and demerit in partnership?A.The number of partnersB.It unlimited natureC.The bearing of riskD.The withdrawal of a major partnerE.Objective Show full explanation
Question 0The measure of independence available to the individual business unit that come together is the main different betweenA.veritcal and horizontal integrationB.mergers and acquisitionC.consortium and almalgamationD.trust and cartelE.Objective Show full explanation
Question 0Government policies relating to the establishment and operation of business are targeted atA.increasing the profit of business ownersB.the general improvement of the economyC.even spread of facilities and employmentD.diversification and expansion of businessE.Objective Show full explanation
Question 0On liquidation of a public limited liability company, the residual owners are theA.creditorsB.ordinary shareholdersC.preference shareholdersD.debenture holdersE.Objective Show full explanation
Question 0Bank overdraft as a short term source of fund isA.an overdrawn accountB.granted to a newly opened accountC.repayable after more than a yearD.a current liabilityE.Objective Show full explanation
Question 0Use the information below to answer question What is the total fixed capital?A.N 570,000B.N 570,000C.N 575,000D.N 675,000E.Objective Show full explanation
Question 0Determined the circulating capital?A.N250,000B.N245,000C.N235,000D.N225,000E.Objective Show full explanation
Question 0The share capital value that forms part of the balance sheet total is theA.paid-up share capitalB.called-up share capitalC.authorized share capitalD.issued share capitalE.Objective Show full explanation
Question 0The main factors militating against the rapid growth of trade in Nigeria are?A.inadequate transportation network and huge capital outlayB.lack of motivation and government attitude towards tradeC.lacks of good transportation network and insecurity of investmentD.huge capital outlay and government attitude to tradeE.Objective Show full explanation
Question 0The current trend in retailing competition in Nigeria are?A.advertising and sales promotion strategiesB.branding, enterprising and diffrentiation of goods and servicesC.self-service, after-sales service and services and branding strategiesD.after-sales services and sales promotion strategiesE.Objective Show full explanation
Question 0The function of a merchant wholesaler is toA.buy in bulk, store and sell to retailerss as desiredB.posses title to the goods, store and sale to retailersC.bring buyers and sellers togetherD.find markets for producers' finished goodsE.Objective Show full explanation
Question 0An invoice can be described as aA.contractual agreement for the sale of goodsB.document specifying quantity, description, prices and total value of purchaseC.receipt containing necessary information about the goodsD.letter specifying the contractual sales of goods between two partiesE.Objective Show full explanation
Question 0Ocean liners are subdivided intoA.passenger liner and cargo linersB.coastel liners and cargo linersC.cargo liners and tramp linersD.passenger liners and tramp linersE.Objective Show full explanation
Question 0Tourists with no fixed address in a town may receive their letters from the post office through aA.recorded deliveryB.poste restanteC.parcel postD.postmasterE.Objective Show full explanation
Question 0The insurance principle that requires full disclosure of information on the insured is known asA.indemnityB.uberrimae fideiC.subrogationD.caveat emptorE.Objective Show full explanation
Question 0Mr Olatude took up a fire insurance on a property valued at N1000 and the amount insured is N 800. If the insurance was taking with the clause ‘with average ‘, What is the amount to be paid by the insurance company?A.N320B.N420C.N460D.N560E.Objective Show full explanation
Question 0The Central Bank differs from commercial banks because it?A.renders service to customersB.carries out foreign exchange transactionsC.issues currenciesD.discounts billsE.Objective Show full explanation
Question 0A bank form used to transfer money from personal to creditor's account is called?A.debits transfer formB.credit transfer formC.customers transfer formD.banks transfer formE.Objective Show full explanation
Question 0The computer using linear integrated circuit technology coupled with quantification of data in terms of length and distance is known as?A.digital computerB.analogue computerC.mainframe computerD.hybrid computerE.Objective Show full explanation
Question 0A printer that burns the print image onto the photosensitive drum is calledA.dot matrix printerB.daisy wheel printerC.laser printerD.thermal printerE.Objective Show full explanation
Question 0A console is a device used inA.moving an indicator on the screenB.communicating between operator and programmerC.holding magnetic tape reelD.forming characters by heating sensitive ribbonE.Objective Show full explanation
Question 0A form of money that has gone out of use is?A.paper moneyB.bank moneyC.commodity moneyD.foreign moneyE.Objective Show full explanation
Question 0The major condition for obtaining loan in thrift, credit and loans cooperative societies isA.provision of collateral securityB.a high level of educationC.possesssion of a large businessD.an approved project planE.Objective Show full explanation
Question 0The stock Exchange helps to provide capital for of industrial project because itA.determines value of shares, stocks and other securitiesB.assist government in implementing its monetary pliciesC.assist companies to exchange their securities into cashD.renders agency services to organizations and governmentE.Objective Show full explanation
Question 0A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that itA.serves as a mechanism for evaluating an unrealistic exchange rate for the nairaB.creates unhealthy competition amongst users of foreign exchangeC.contributes to destabilizing national resource allocationD.contributes to flooding the market with foreign essential commoditiesE.Objective Show full explanation
Question 0The chart above represent the?A.product mix relationshipB.marketing mix relationshipC.promotion mix elationshipD.advertising mix relationshipE.Objective Show full explanation
Question 0A group of specialized functions of marketing isA.buying, selling, storing and informationB.buyimg, selling, advertising and packagingC.buying, selling, labelling and promotionD.buying , selling, skimmimg and pricingE.Objective Show full explanation
Question 0The type of advertising that seeks to persuade consumers to buy a particular product isA.Informative advertisingB.Competitive advertisingC.Persuasive advertisingD.mass and specific advertisingE.Objective Show full explanation
Question 0The practice whereby soft drink manufacturers give away caps, bags and other items when consumers buy their product is a form ofA.marketing strategiesB.publicityC.advertisingD.saels promotionE.Objective Show full explanation
Question 0The most important advantage of personal selling is that itA.allows sellers to percieve buyers' needsB.allows sellers to sell their goods quicklyC.takes place easily on the high waysD.takes place without the permissionof governmentE.Objective Show full explanation
Question 0The role of public relations is principally toA.sustain good relationshipB.create good imageC.carry out publicityD.advertise a firm's productsE.Objective Show full explanation
Question 0The basic elements of a valid contract areA.offer, acceptance, consideration and witnessB.offer, intention, acceptance and legalityC.offer, acceptance, intention, capacity and legalityD.offer, acceptance, capacity, legality and considerationE.Objective Show full explanation
Question 0A bus driver operating between Lagos and Jos pledged the owner's credit in Benin in order to have the engine repaired and the bill sent to the owner.This is a case ofA.del credere agencyB.agency by necessityC.agency by raficationD.agency by estoppelE.Objective Show full explanation
Question 0After registration, a certificate of trading is usually issued to aA.partnershipB.public companyC.private companyD.sole proprietorshipE.Objective Show full explanation
Question 0An aspect of the law which allows an exclusive right for a limited number of years is aA.copyrightB.trade markC.rafficationD.patentE.Objective Show full explanation
Question 0The first known legislation to protect consumer rights in Nigeria is theA.Usury LawsB.Hire purchase ActC.Sales of Goods ActD.Foood and Drugs ActE.Objective Show full explanation
Question 0The main difference between nationalization and indigenization is in terms ofA.shareholdingB.profitC.technologyD.efficiencyE.Objective Show full explanation
Question 0The primary objectives of a trade association is toA.undertake researchwork on behalf of membersB.establish easy link with governmentC.exchange information and negotiate as a preasure groupD.operat as a group against other groupsE.Objective Show full explanation
Question 0A chamber of commerce is an association made up ofA.enterpreneursB.manufacturersC.merchantsD.importersE.Objective Show full explanation
Question 0The composite functions of management are?A.planning, supervising, communicatingB.planning, controlling, organising and directingC.coordinating, supervising , staffing and comunicatingD.directing, supervising, motivating, and controllingE.Objective Show full explanation
Question 0The three components of staffing are?A.recruitment, selection and placementB.recruitment, interview and appointmentC.recruitment , test and placementD.recruitment, procurement and appointmentE.Objective Show full explanation
Question 0The legal aspect of business is designed toA.protect business organization and consumersB.safeguard consumers from undue business practicesC.protect infant industries from collapseD.encourage free exchanges among businessesE.Objective Show full explanation
Question 0In an organization, civic consideration arises from?A.the profit derived from the enviromentB.its operations witthin the environmentC.irs social negative impacts on the communityD.the fact that it is registered in that localityE.Objective Show full explanation
Question 0The instrument establishing the Economic Community of West African State in 1975 isA.a decreeB.an actC.a treatyD.constitutionE.Objective Show full explanation
Question 0One of the function of the Niger Basin Commission is toA.Ensure equal treatment of African nationsB.A. Foster closer co-operation among West African nationsC.A. Map out regulation that will guide all navigation for all West African nationsD.guarantee freedom of navigation for all West African nationsE.Objective Show full explanation
Question 0The organizational structure above representsA.line and functional structureB.line and staff structureC.functional structureD.line structureE.Objective Show full explanation