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Question 1 Report
The losses incurred in the running of Public Corporations are borne by the
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Question 2 Report
An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….
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Question 3 Report
Which of the following relies on subvention as the main source of capital?
Question 5 Report
The principle of insurance that prevents the insured from benefiting in an event where he suffers no material or financial loss is
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Question 6 Report
Coal mining is an example of
Question 7 Report
“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of
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Question 9 Report
A marketing term the for the presentation of goods in a neatly wrapped container is
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Question 10 Report
Another name for a foreign order is
Question 11 Report
In which order are the following documents used?
I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation
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Question 12 Report
An example of service rendering trade association is
Question 14 Report
The payment made by government to producers to enable them reduce price is known as
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Question 17 Report
Which of the following is an objective of regional economic grouping?
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Question 18 Report
The department responsible for recruitment and promotion of staff is
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Question 21 Report
The authority that transfers to a third party the shard right to vote is called
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Question 22 Report
A document that is sent by the seller to the buyer to indicate an increase in the annual owes is
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Question 23 Report
Shares, stocks, government bonds trade in the stock exchange marks: are known as
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Question 24 Report
The actual amount of share capital a company is allowed to issue to the public is the ---- capital
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Question 25 Report
A Speculator in the stock exchange who buys shares hope that prices will rise is called
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Question 26 Report
The amount receivable by shareholders after the declaration of profit is called
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Question 28 Report
Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?
Question 29 Report
Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Kolawole’s average stock is?
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Question 30 Report
Which of the following is NOT true of a cheque as a means of payment? It
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Question 33 Report
Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Cost of goods sold is
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Question 34 Report
The building of schools and hospitals for communities by some oil companies in Niger Delta of Nigeria is an example of
Question 35 Report
A financial document stating the reasons for making a payment and details of the payment is
Question 36 Report
The most suitable mode of transport for conveying gas and liquid within Nigeria is
Question 38 Report
The process of passing information from one person to another in an organization is known as
Question 40 Report
The practice of selling some goods below market price to attract more customers is known as
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Question 41 Report
The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the
Question 42 Report
A disadvantage of commercialization of public enterprises in Nigeria is that it
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Question 43 Report
Which of the following is NOT true of a cheque as a means of payment? It
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Question 44 Report
Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the
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Question 46 Report
Telecommunication services are provided by
Question 47 Report
Income distribution, nature of natural resources, investment etc. forms part of -----business environment.
Question 48 Report
When the supplier changes a retailer for not returning empty packages, the supplier sends him a/an
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