Question 0The central focus of commercial activities is?A.pricingB.advertisingC.tradingD.marketingE.Objective Show full explanation
Question 0An aid to trade associated with communications is?A.bankingB.transportationC.warehousingD.insuranceE.Objective Show full explanation
Question 0The service of a textile worker are an example of?A.extractive activityB.commercial activityC.manufacturingD.constructionE.Objective Show full explanation
Question 0Resources harnessed in certain proportion to create goods and services are?A.factors of productionB.technology and labourC.land and entrepreneurD.raw materialsE.Objective Show full explanation
Question 0Primary production is associated with?A.bankingB.manufacturingC.agricultureD.constructionE.Objective Show full explanation
Question 0The major components of modern retailing include?A.branding, doorstep selling and customer stimulationB.branding, sales promotion and mail orderC.chain store, customer stimulating and doorstep sellingD.branding, supermarkets and after sales-serviceE.Objective Show full explanation
Question 0A chain store usually combines the features of?A.mulitiple shops and departmental storesB.hypermarkets and stallsC.multiple shops and hypermarketsD.mail order business and multiple stopsE.Objective Show full explanation
Question 0One of the functions of the wholesaler is to?A.forecast pricesB.reduce prices of goodsC.promote salesD.analyse sales periodicallyE.Objective Show full explanation
Question 0An artificial barrier to international trade is?A.political unrestB.culture of the peopleC.units of measurementD.custom dutiesE.Objective Show full explanation
Question 0The most commonly used commercial documents are?A.order notes, debit notes, invoices and quotationsB.letters of enquiry, consignment notes, receipts and invoicesC.credit notes, statement of accounts, depatch order and billsD.balance sheet, receipts, invoices and manifestE.Objective Show full explanation
Question 0The term free on board means that the price includes?A.costs and insurance onlyB.costs and freight onlyC.freight and insurance onlyD.costs, insurance and freightE.Objective Show full explanation
Question 0If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?A.N56 250B.N43 750C.N43 250D.N6250E.Objective Show full explanation
Question 0A cheque which a bank draws on its own funds is a?A.bankdraftB.cashier's chequeC.bank chequeD.crossed chequeE.Objective Show full explanation
Question 0Billboards and posters are forms of?A.electronic mediaB.print mediaC.outdoor mediaD.window display mediaE.Objective Show full explanation
Question 0A collective term for advertising, personal selling and publicity is?A.exhibitionB.promotionC.trade fairD.merchandizingE.Objective Show full explanation
Question 0One of the facilities enjoyed by a current account holder is?A.a dividendB.a bonusC.an overdraftD.interest on depositsE.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.discount billsE.Objective Show full explanation
Question 0In which of the following will the numbers of words used determine the cost of the message sent?A.TelephoneB.TelegramC.E-mailD.TelexE.Objective Show full explanation
Question 0The transmission of telephone services from one country to another is facilitated by?A.communication sateliteB.international facilityC.interconnectivityD.internet servicesE.Objective Show full explanation
Question 0The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is?A.contributionB.subrogationC.promiate causeD.utmost good faithE.Objective Show full explanation
Question 0A risk that can be estimated and calculated to be compensation is?A.a delivery riskB.an insurable riskC.a credit riskD.a systematic riskE.Objective Show full explanation
Question 0The most important reason for the existence of insurance business is to?A.prevent the occurrence of any lossB.spread losses to all covered participantsC.provide for the replacement of facilitiesD.encourage individuals to saveE.Objective Show full explanation
Question 0One major advantage of transportation to a business is to?A.extend the firm's market coverageB.ensure that goods are produced fasterC.procure raw materials cheaplyD.ensure the quality of productsE.Objective Show full explanation
Question 0Warehousing is important to manufacturers because it helps to?A.improve the quality of goodsB.produce goods in advanceC.meet the demand of customersD.determine input rquirementsE.Objective Show full explanation
Question 0One of the major problems of a sole proprietor is sourcing for?A.raw materialsB.labourC.machineriesD.fundsE.Objective Show full explanation
Question 0In a public limited liability company, planning is carried out by?A.the chairman of the boardB.the board of directorsC.shareholdersD.employeesE.Objective Show full explanation
Question 0Partnerships are most effective where?A.the partners are family friendsB.professionals are involvedC.members can easily raise enough capitalD.government regulations are favorableE.Objective Show full explanation
Question 0The type of partnership in which all partners are jointly liable in bearing risk is?A.limited partnershipB.partnership-at-willC.ordinary partnershipD.industral partnershipE.Objective Show full explanation
Question 0The financial instrument that entitles the holder to receive dividend and capital gains is a?A.shareB.bondC.bill of exchangeD.treasury billE.Objective Show full explanation
Question 0The circulating capital of a business enterprise is classified into?A.cash, work-in-progress and debtorsB.cash,vehicles, land and buildingsC.debtors , stock of raw materials and fittingsD.pre-payments, debtors and equipmentE.Objective Show full explanation
Question 0if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?A.30.5%B.20.5%C.20.0%D.10.0%E.Objective Show full explanation
Question 0A body established to protect the interest of members against the exploitation of retail traders and manufacturers is the?A.whloesalers' associationB.consumers associationC.government agencyD.workers' unionE.Objective Show full explanation
Question 0The manufacturers' Association of Nigeria is an example of a?A.labour unionB.pressure groupC.conglomerateD.cartelE.Objective Show full explanation
Question 0The characteristics which ensures that money is free from forgery is its?A.legalityB.durabilityC.recongnitionD.credibilityE.Objective Show full explanation
Question 0The major dealers on the stock market are the?A.agentsB.jobbersC.investorsD.brokersE.Objective Show full explanation
Question 0The daily official publications of the Nigeria Stock Exchange give detailed information on the?A.changes in the official rules set by the marketB.method of transactions agreed upon by membersC.participation of members in a dayD.changes in the price of securitiesE.Objective Show full explanation
Question 0The function which ensures that set objectives are attained by an organization is?A.planningB.directingC.staffingD.controllingE.Objective Show full explanation
Question 0An organizational structure that is military in nature is the?A.line structureB.staff structureC.line and staff structureD.fnctional structureE.Objective Show full explanation
Question 0The efficiency of an organization is enhanced by?A.government assistanceB.the host communityC.customer supportD.skilled manpowerE.Objective Show full explanation
Question 0The concept which focuses on consumers in decision-making is?A.selling conceptB.marketing conceptC.product conceptD.production conceptE.Objective Show full explanation
Question 0Marketing skimming is an example of?A.market penetrationB.sales promotionC.pricing policyD.advertisingE.Objective Show full explanation
Question 0The most important attributes in a sale of goods contract are?A.offer and considerationB.price and goodsC.offer and acceptanceD.demand and supplyE.Objective Show full explanation
Question 0Unresolved disputes between the employer and employees are usually referred to the?A.code of conduct bureauB.personnel unitC.disciplinary committeeD.industrial arbitration tribunalE.Objective Show full explanation
Question 0The process of eliminating a virus from a computer program is?A.programmingB.debuggingC.formatingD.loopingE.Objective Show full explanation
Question 0The primary memory component of a computer is the?A.cacheB.consoleC.assemblersD.compilersE.Objective Show full explanation
Question 0A customer with XYZ Plc sent money through his account to his sister's account in another branch. This is an example of?A.e-businessB.e-commerceC.e-financeD.e-bankingE.Objective Show full explanation
Question 0The economic environment of a business is concerned with?A.climate conditionsB.changing valuesC.the growth rateD.the interest rateE.Objective Show full explanation
Question 0A firm that disposes its wastes properly is discharging its?A.community responsibilityB.evironmental responsibilityC.civic responsibilityD.social responsibilityE.Objective Show full explanation
Question 010% IS CHARGED ON DEPRECIATION OF FIXED ASSETS Determine the value of Ojo's fixed assetsA.N 14450B.N13450C.N13005D.N12005E.Objective Show full explanation
Question 0What is Ojo's working capital?A.N 2150B.N 1950C.N1800D.N 1150E.Objective Show full explanation