Question 1The fear of many communities concerning tourism development is the A.influence of foreign cultureB.fear of the disease transmissionC.fear of pollutionD.religious intoleranceObjective Show full explanation
Question 2The financial institution established to boost Nigeria's trade with the rest of the world is called A.Nigerian Deposit insurance corporationB.Nigerian Economic Reconstruction FundC.Nigerian Industrial Development BankD.Nigerian Export-import BankObjective Show full explanation
Question 3The form of capital which easily transferred in the form desired is known as A.Working capitalB.Liquid capitalC.Circulating capitalD.Capital employedObjective Show full explanation
Question 4The four Ps of marketing are A.product, place, process and promotionB.price, product, property and placeC.price, product, place and promotionD.price, production, place and propertyObjective Show full explanation
Question 5The harmonious relationship among the various units in an organization is ensured through A.cooperationB.motivationC.planningD.LeadershipObjective Show full explanation
Question 6The label on a product such as "pampers" is a type of A.trademarkB.brandingC.packagingD.patient rightObjective Show full explanation
Question 7The lake Chad Basin commission was formed in A.1974B.1984C.1954D.1964Objective Show full explanation
Question 8The major problem confronting cyber café operator is A.advance fee fraud by clienteleB.poor network coverageC.high operating costsD.copyright violations by clientsObjective Show full explanation
Question 9The major responsibility of an entrepreneur is to A.employ all factors of production in the businessB.coordinate and determine the proportion of what to produceC.plan and organize all activities in the businessD.Direct and control all the affairs of the businessObjective Show full explanation
Question 10The media used for inter-departmental communication includes A.circulars, advertisement and notice boardsB.memoranda circular and the telephoneC.memoranda, advertising and face-faceD.memoranda, advertising and the grapevineObjective Show full explanation
Question 11The most essential element of a product is the A.PriceB.UtilityC.DesignD.ColourObjective Show full explanation
Question 12The most important benefit of insurance is that it provides A.control over activitiesB.the insured with a right to premiumC.the insured with a right to full compensationD.protection against risksObjective Show full explanation
Question 13The most important difference between community banks and people's bank is that the A.Latter is owned solely by government while the former are notB.Former cater for rural dwellers while the latter caters for both rural and urban dwellers.C.Former are services oriented while the latter is profit orientedD.Latter advance loans to the public while the former advance loans to rural dwellers onlyObjective Show full explanation
Question 14The most important factor that delayed the developments of Commerce in Nigeria was A.the inefficient means of communicationB.that there were few entrepreneursC.the unavailability of infrastructural facilitiesD.that there were few developed marketsObjective Show full explanation
Question 15The necessary documents used in foreign trade are. A.bill of lading invoice and letter of inquiryB.indent bill of exchange, bill of lading and invoiceC.invoice, shipping note, bill of lading and freight noteD.shipping note, certificate of origin and visible exportsObjective Show full explanation
Question 16The practice whereby government relinquishes its ownership interest in a public enterprise is A.commercializationB.indigenizationC.privatizationD.nationalizationObjective Show full explanation
Question 17The primary objective of a business organization is to A.Cater for the needs of its ownersB.Work towards making returnsC.Assist the government to serve the citizenD.Improve the standard of living of its proprietorsObjective Show full explanation
Question 18The promotion of savings culture is a feature of a A.trade associationB.consumers' cooperative societyC.thrift cooperative societyD.business associationObjective Show full explanation
Question 19The quality and quantity of production mostly depend on the A.effectiveness of factorsB.availability of factorsC.lever of education of entrepreneursD.level of cooperation among workersObjective Show full explanation
Question 20The rewards of rents, wages, interests and profits accrue from A.capital, labour, land and entrepreneur, respectivelyB.land, entrepreneur, labour and capital, respectivelyC.land, labour, capital and entrepreneur, respectivelyD.labour, entrepreneur, land and capital, respectivelyObjective Show full explanation
Question 21The Stock Exchange is a market where A.Long -term securities am soldB.All type of securities are soldC.Short term securities are soldD.Medium- term securities are soldObjective Show full explanation
Question 22The sum of money paid by a policy-holder to an insurer is referred to as A.interestB.premiumC.gross profitD.sales revenueObjective Show full explanation
Question 23The type of activity which turns processed raw material into consumer and industrial goods described as A.ExtractiveB.ManufacturingC.ConstructiveD.ProcessingObjective Show full explanation
Question 24The type of communication from superior to a subordinate in an organization is referred to as A.horizontal communicationB.lateral communicationC.downward communicationD.upward communicationObjective Show full explanation
Question 25The West African Clearing House became legally operational on; A.1st July, 1976B.25th June, 1975C.14th March, 1975D.3rd May, 1974Objective Show full explanation