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Question 1 Report
The breaking down of work into different processes is known as
Question 2 Report
Which of the following can be used to establish an importer's title to goods?
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Question 3 Report
A contract in which all parties to the contract have carried out their obligation is said to be terminated by
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Question 4 Report
A bill of exchange sold for less than its face value before maturity is said to be
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Question 5 Report
The relationship between a country’s visible imports and exports in a trading year is known as
Question 6 Report
Bankers settle their mutual indebtedness in a
Question 8 Report
The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of
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Question 10 Report
Obi received a cheque for N1000 from Mr. Ade and this cheque was stolen. He must
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Question 11 Report
The advertising medium which uses electric current in bulbs is referred to as
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Question 13 Report
The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as
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Question 14 Report
A tax paid on goods manufactured and consumed in your country is called
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Question 16 Report
The body charged with the responsibility monitoring the quality of goods supplied is the
Question 17 Report
Prospectus in relation to a public limited inability company means
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Question 18 Report
The first Nigerian enterprises promotion decree was promulgated in
Question 19 Report
The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as
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Question 20 Report
The sum which the insured pays periodically to his insurance company is called
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Question 21 Report
Which of the following is NOT regarded as a welfare service in an organization?
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Question 23 Report
When the price quoted includes all the cost to the actual destination, that is, from the seller’s warehouse to the buyer’s warehouse. it is called
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Question 24 Report
A holding company is one which holds shares in another company up to
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Question 27 Report
An instruction to an agent abroad restricting him to buy from a named manufacturer is known as
Question 29 Report
Which of the following warehouse is generally found near a port?
Question 31 Report
Which of the following does a seller send in reply to a letter of inquiry?
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Question 37 Report
A person who runs a business on his own account is called a
Question 38 Report
A voluntary association of business executives, trader men, entrepreneurs and others in a city, town or country is called a
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Question 41 Report
The relationship between a country’s visible imports and exports in a trading year is known as
Question 46 Report
Ships that pick up cargo from any port and travels anytime are called
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Question 48 Report
The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called
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