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Question 1 Report
The coming together of two or more firms with each of them losing its identity is known as
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Question 2 Report
Use the information below to answer this question.
Aisha sold her wristwatch to Halima for N2,000.00 and she paid
The sum of N2,000.00 is the
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Question 3 Report
The rules and regulations guiding the conduct of business transactions are known as ……. law
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Question 5 Report
A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a
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Question 7 Report
Which of the following types of insurance is usually excluded from the principle of indemnity?
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Question 8 Report
The aid to trade which enables producer and consumer to transact business without physical contact is known as
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Question 9 Report
In the event of winding up of a company, who among the following is paid last?
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Question 12 Report
Departmental store, supermarket and chain store are examples of
Question 13 Report
A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling fora commission proportionate to the value of the transaction is called a
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Question 15 Report
Which of the following groupings is a means of payments through the post office
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Question 16 Report
The following are advantages of division of labour specialization EXCEPT that it
Question 17 Report
The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
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Question 18 Report
The association that encourages savings for the benefit of its members is known as
Question 19 Report
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
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Question 20 Report
Which of these is NOT a governments legislation to protect thee consumer?
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Question 22 Report
Bonded warehouse is controlled and supervised by
Question 23 Report
A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.
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Question 24 Report
The most important document an importer requires to be able to clear his goods from the harbour is
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Question 26 Report
The activities concerned with changing of raw materials into finished products belong to ______ occupation
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Question 27 Report
The document which gives complete information about the goods sold is the
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Question 28 Report
Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.
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Question 29 Report
The document that spells out the relationship of a company with the outside world is known as
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Question 30 Report
Gross profit can be calculated as
Question 31 Report
Which of the following advertising media preselects its readership through the nature of its content?
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Question 36 Report
The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is
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Question 37 Report
One of the easiest means of transporting petroleum product is by
Question 39 Report
Which of the following forms part of a company’s Article of Association?
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Question 40 Report
Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.
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Question 42 Report
Which type of advertisement induces consumer to purchase the goods he does not need?
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Question 45 Report
Which of the following is NOT a component of trade?
Question 47 Report
An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called …… agent
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Question 48 Report
Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a
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Question 50 Report
Commerce is often referred to as the life blood of every nation because it
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