Question 0Consumers require protection against exploitation to ensure?A.adequate consumer awarenessB.availability of products varietyC.the sale of quality productsD.increased aggregate demandE.Objective Show full explanation
Question 0The business environment that takes into cognizance the age distribution, ethnic mix and educational level of the consumer is?A.demographic evironmentB.economic evironmentC.cultural environmentD.natural environmentE.Objective Show full explanation
Question 0An agent who takes tittle to goods and has authority to buy and sell on behalf of another is?A.a jobberB.a brokerC.a factorD.an auctioneerE.Objective Show full explanation
Question 0Citizens are against privatization mainly because of?A.the rationalization of organizationsB.increased prices of goods and servicesC.the likelihood of monopolyD.ineffective managementE.Objective Show full explanation
Question 0The major achievement of ECOWAS is?A.the expansion of regional tradeB.the emergance of a monetary unionC.infrastructural development in member countriesD.mobility of labour among member countriesE.Objective Show full explanation
Question 0An announcement of a person's willingness to enter into a contract is referred to as?A.a proxyB.an offerC.a considerationD.an acceptanceE.Objective Show full explanation
Question 0The macro-environment forces and trends which are a constraint on business operations are referred to as?A.technological factorsB.economic factorsC.external factorsD.internal factorsE.Objective Show full explanation
Question 0Personal selling is most effective in marketing industrial goods because it involves?A.recongnition and attachment to customersB.personal interaction and information gatheringC.demonstrations and product acceptabilityD.after-sales services and product demonstrationsE.Objective Show full explanation
Question 0The controllable variables that a firm uses to achieve its marketing objectives are called?A.marketing principlesB.marketing mixC.marketing conceptsD.marketing functionsE.Objective Show full explanation
Question 0Public relations and advertising are similar in terms of?A.communicating product informationB.customer educationC.the mode of operationD.creating a favorable attitudeE.Objective Show full explanation
Question 0A major function of a entrepreneur is?A.decision-makingB.encouraging competitionC.human-resource traningD.motivating employeesE.Objective Show full explanation
Question 0A Memorandum of Association is applicable to a?A.sole traderB.joint companyC.partnershipD.public corporationE.Objective Show full explanation
Question 0The sustainable growth of commerce is largely due to?A.marketingB.advertisingC.exchangeD.brandingE.Objective Show full explanation
Question 0A major advantage of a cooperative society is that it?A.gives members the opportunity to uniteB.draws members closer to governmentC.promotes awareness among membersD.encourages thirft among membersE.Objective Show full explanation
Question 0The making of doors from timber planks is a type of?A.manufacturingB.tertiary productionC.secondary produuctionD.primary productionE.Objective Show full explanation
Question 0Law-making is an example of?A.indirect serviceB.commerical occupationC.direct serviceD.industrial occupationE.Objective Show full explanation
Question 0A document which advertise the shares of a company is known as a?A.memorandum of satisfactionB.dividend warrantC.deedD.prospectusE.Objective Show full explanation
Question 0The creation of utilities is to satisfy human wants is referred to as?A.productionB.consumptionC.industrializationD.occupationE.Objective Show full explanation
Question 0A major criticism of a cooperative society is?A.limited capitalB.granting exceessive loans to membersC.selling goods on credit to non-membersD.management incompetenceE.Objective Show full explanation
Question 0An economic activity which deals with natural resources is a form of?A.extractionB.refiningC.constructionD.manufacturingE.Objective Show full explanation
Question 0The first stage in tourism planing is?A.assessing feedback from touristsB.preparing a list of touristsC.creating recreational opportunitiesD.building community supportE.Objective Show full explanation
Question 0An agreement by the insurer to compensate the insured for losses suffered is?A.policyB.surrender valueC.caveat emptorD.indemnityE.Objective Show full explanation
Question 0One of the functions of the Nigeria Ports Authority is the provision of?A.facilities to enhance the speedy loading and offloading of cargoesB.facilities to ensure that goods get to their destinationsC.shelter for operators of cargoesD.courier services to ensure speedy deliveryE.Objective Show full explanation
Question 0The World Tourism Organization has its headquarters in?A.New YorkB.ParisC.MadridD.LondonE.Objective Show full explanation
Question 0Digital computer is divided into?A.analogue, hybrid and miniB.super, maniframe, mini and microC.mainframe, hybrid and microD.super, mainframe, micro and analogueE.Objective Show full explanation
Question 0A distinctive advantage of GSM is its?A.mobilityB.costC.stabilityD.coverageE.Objective Show full explanation
Question 0In the permanent storage device, DASD means?A.Data Access Storage DeviceB.Data Access Systems DeviceC.Direct Access Systems DeviceD.Direct Access Storage DeviceE.Objective Show full explanation
Question 0The major determinant of fire insurance premium is the?A.type and structure of the property to be insuredB.usefulness of the property to the ownerC.owner of the property to be insuredD.extent of fire damage anticipatedE.Objective Show full explanation
Question 0The internet is a system of telecommunications used for?A.communicating long-distance messagesB.sending and recieving text massagesC.sending electronic messagesD.communicating messages through telegramsE.Objective Show full explanation
Question 0A written agreement for hiring a ship for transporting goods is a?A.consular invoiceB.bill of ladingC.charter partyD.certificate of originE.Objective Show full explanation
Question 0The major function of a trade association is that it?A.liases with foreign trade associationsB.helps to promotes foreign tradeC.facilitates members' access to credit facilitiesD.helps to promote resarch on behalf of membersE.Objective Show full explanation
Question 0A major setback of international trade is?A.inadequate exportsB.economic sanctionsC.devaluation of currencyD.exchange rate appreciationE.Objective Show full explanation
Question 0Which of the following requires payment into the payee's account?A.Crossed chequeB.Traveller's chequeC.Open chequeD.Certified cheguesE.Objective Show full explanation
Question 0The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?A.subscriptionsB.total savingsC.volume of purchaseD.contributionsE.Objective Show full explanation
Question 0A share premium is an example of?A.issued capitalB.capital stockC.equity capitalD.capital reserveE.Objective Show full explanation
Question 0The abbreviation C and F indicate that the?A.production cost excludes the cost of carriageB.selling price includes the cost of carriageC.cost of production includes dilivery chargesD.cost price includes the cost of carriageE.Objective Show full explanation
Question 0The sale of of foreign investment and gold reserves can be used to?A.correct adverse balance of tradeB.increase invisible importsC.correct adverse balance of paymentD.correct a budget deficitE.Objective Show full explanation
Question 0A major benefit a debtor can derive from using a credit facility is?A.better serviceB.goodwillC.convenienceD.controlE.Objective Show full explanation
Question 0The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?A.unit of accountB.measure of valueC.store of valueD.medium of exchangeE.Objective Show full explanation
Question 0The difference between the buying and selling price of shares is known as?A.brokerageB.marginC.jobber's turnD.gross profitE.Objective Show full explanation
Question 0Which of the is a risk-free security?A.Preference shareB.Ordinary shareC.Treasury billD.DebentureE.Objective Show full explanation
Question 0The central bank controls the quantity of money in circulation through?A.open-market operationsB.decreasing the tax rateC.issuing new currenciesD.increasing the tax rateE.Objective Show full explanation
Question 0The selling of new shares to exist shareholders is referred to as?A.public issueB.offer for saleC.rights issueD.bonus issueE.Objective Show full explanation
Question 0A new company requiring a large amount of equity finance may source funds from the?A.capital marketB.central bankC.money marketD.commercial banksE.Objective Show full explanation
Question 0A credit instrument which also serves as a legal tender is?A.chegueB.paper moneyC.voucherD.money orderE.Objective Show full explanation
Question 0The body regulating the sale and purchase of shares in Nigeria is the?A.Corporate Affairs CommisionB.Securities and Exchange CommisionC.Securities and Exchange TribunalD.Nigeria Stock ExchangeE.Objective Show full explanation
Question 0Which of the following best describes inputs for any production activity?A.Natural resourcesB.Buessiness resourcesC.Human resourcesD.Material resourcesE.Objective Show full explanation
Question 0The scope of economic activities can be enlarged byA.transportation and tradingB.business and its promotionC.trading and aids to tradeD.insurance and bankingE.Objective Show full explanation
Question 0What is the net working capital ?A.N 6 000 000B.N 16 000 000C.(N 11 000 000)D.N 25 000 000E.Objective Show full explanation
Question 0Determine the owner's equityA.N 38 000 000B.N 20 000 000C.N 42 000 000D.N 25 000 000E.Objective Show full explanation