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Frage 1 Bericht
The process by which the government takes over private business is known as
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Frage 2 Bericht
When one party to a contract refuses to perform the obligations assumed under the contract, there is
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Frage 3 Bericht
The different types of occupation in which people are engaged can be grouped as
Frage 4 Bericht
A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance of N20,000 is his
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Frage 6 Bericht
The fastest and most accurate means of passing information is
Frage 7 Bericht
Assets of a business which can easily be changed into cash are called
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Frage 8 Bericht
A common legal association which exists when one party, known as the principal authorizes another party to enter into contract is called
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Frage 11 Bericht
Grouping consumers based on their purchasing habits is called market
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Frage 12 Bericht
Gases are best transported by
Frage 13 Bericht
ln the selection of means of transport, speed is an important consideration for goods that are
Frage 14 Bericht
The document usually sent to each customer by the bank periodically showing the balance outstanding in an account is known as
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Frage 15 Bericht
Reorganization of public enterprises to run as profit-making ventures is called
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Frage 17 Bericht
A situation where a consumer's need is the focus of attention is regarded as
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Frage 19 Bericht
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
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Frage 22 Bericht
The factor of production which involves both the mental and physical effort of man is called
Frage 23 Bericht
A business activity that directs the flow of goods and services from the producer to the consumer is called
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Frage 24 Bericht
The compensation made to an insured for loss incurred in insurance is called
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Frage 25 Bericht
The main reason for Government ownership of a public enterprise is to provide
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Frage 26 Bericht
What is a voluntary association of business executives, tradesmen, or entrepreneurs?
Frage 27 Bericht
Another name for exchange of goods or other goods is called
Frage 28 Bericht
The best definition of Communication in Commerce is
Frage 29 Bericht
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called
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Frage 31 Bericht
A bank overdraft can only be granted to the holder of a
Frage 33 Bericht
The greatest weapon of the buyer against the activities of false advertisers is
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Frage 34 Bericht
Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to
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Frage 35 Bericht
A statement of the current price and terms of trade of a product or service is called
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Frage 36 Bericht
Goods that are not useful by themselves, but help in the production of other desired goods are called ....... goods.
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Frage 38 Bericht
Who has no right of ownership to a business organization?
Frage 40 Bericht
What covers the risk which an employer may suffer as a result of the dishonesty of an employee?
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Frage 41 Bericht
The reputation and good image benefits arising from the business connections of a firm are called
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Frage 42 Bericht
What is defined as an agreement to pay an initial deposit for an object and then pay the balance in regular instalments while having the use of the object”?
Frage 43 Bericht
What is the fastest means of sending documents from one place to another
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Frage 44 Bericht
Assets of a business which can easily be changed into cash are called
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Frage 49 Bericht
Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay
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Frage 50 Bericht
Which insurance principle indicates that only the person who might suffer financial loss will be allowed to take out insurance?
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