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Question 3 Report
The individuals who conceive the idea of a company and undertake to fulfill the legal requirements for the venture are the
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Question 4 Report
In the Sale of Goods Act, goods which have been identified and agreed upon at the time of contract are called
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Question 7 Report
The effective dissemination of information about products is a social responsibility of a company to its
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Question 8 Report
The factors responsible for large scale production of durable goods are
Question 9 Report
The price of an item is N 300 with a trade discount of 20%, What is the selling price?
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Question 12 Report
The luxurious boats used for passengers from one town to another are
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Question 13 Report
Foreign trade transactions are carrried out through the use of
Question 16 Report
The construction of dams, irrigation drains and navigation major responsibility of the
Question 17 Report
A system in which a group of persons are appointed to carry out special duties of policy and decision-making is referred to as the
Question 19 Report
The inflationary conditions of a country and her interest rate constitute her
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Question 20 Report
A major disadvantage of the mainframe computer is its
Question 21 Report
The trade that takes place when imported goods are re-exported is known as
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Question 23 Report
An association of two or that each cannot handle alone is
Question 24 Report
The transfer of risks from an insurer to another insurer for premium is referred to as
Question 25 Report
information and communication technology is advantageous to the banking industry because
Question 26 Report
Personal selling is important to a business because it can be used to
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Question 27 Report
The type of advertising that influences consumer's choice of products is
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Question 28 Report
An unconditional order by a creditor to a debtor requiring payment on a specified date is called
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Question 29 Report
Free editorial space or time not paid for by an organization is called
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Question 31 Report
An element of the marketing mix that is concerned with feature and quality is
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Question 32 Report
A country’s balance of payments is divided into
Question 33 Report
An electronic system of communication which serves as the international information bank is called
Question 34 Report
A legal document representing a promise by a company to pay back a loan over a period of time is referred to as a
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Question 35 Report
Kola who had an accident was taken to hospital by Kemi. Kola promised to give Kemi N 500 when discharged. Kola failed to fulfil his promise. Which of the following is legally correct?
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Question 36 Report
One of the primary functions of the thrift, credit and loans cooperative society is to
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Question 38 Report
A document issued by financial organizations to enable holders to buy goods on credit is called
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Question 39 Report
A management function which reflects effective identification and grouping of work is
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Question 40 Report
The quickest and most accurate means of communication is
Question 41 Report
A mutual compromise between the central bank and other banks on strategies for economic activities is reached through
Question 42 Report
The benefits that students derive from tourism are
Question 43 Report
The contribution of a department towards the attainment of corporate goals is its
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