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Pregunta 2 Informe
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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Pregunta 3 Informe
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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Pregunta 4 Informe
Who among the following engages in extractive activities?
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Pregunta 5 Informe
A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a
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Pregunta 6 Informe
Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.
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Pregunta 7 Informe
Departmental store, supermarket and chain store are examples of
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Pregunta 8 Informe
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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Pregunta 9 Informe
The coming together of two or more firms with each of them losing its identity is known as
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Pregunta 10 Informe
The term “consumer sovereignty” means that the consumer is a
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Pregunta 11 Informe
Which of these means of payment originates from a creditor?
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Pregunta 14 Informe
A public limited company is regarded as a legal entity because
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Pregunta 15 Informe
Which of the following groupings is a means of payments through the post office
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Pregunta 17 Informe
The association that encourages savings for the benefit of its members is known as
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Pregunta 19 Informe
The most common form of business unit in West Africa is
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Pregunta 20 Informe
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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Pregunta 21 Informe
Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.
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Pregunta 22 Informe
The following are advantages of division of labour specialization EXCEPT that it
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Pregunta 23 Informe
The document which gives complete information about the goods sold is the
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Pregunta 24 Informe
The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
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Pregunta 25 Informe
The activities concerned with changing of raw materials into finished products belong to ______ occupation
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Pregunta 27 Informe
Which of the following types of insurance is usually excluded from the principle of indemnity?
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Pregunta 29 Informe
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
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Pregunta 31 Informe
Which of the following services is NOT rendered by NITEL?
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Pregunta 32 Informe
Which of the following advertising media preselects its readership through the nature of its content?
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Pregunta 33 Informe
Which of these is NOT a governments legislation to protect thee consumer?
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Pregunta 34 Informe
Association of people in the same line of business is known as
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Pregunta 35 Informe
The Nigeria Enterprises promotion Decree brought about policy
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Pregunta 36 Informe
The document that spells out the relationship of a company with the outside world is known as
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Pregunta 37 Informe
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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Pregunta 38 Informe
The functions of public corporations include the following EXCEPT
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Pregunta 39 Informe
A typical example of an event covered by an Assurance Policy is
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Pregunta 41 Informe
The aid to trade which enables producer and consumer to transact business without physical contact is known as
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Pregunta 42 Informe
The rules and regulations guiding the conduct of business transactions are known as ……. law
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Pregunta 43 Informe
One of the easiest means of transporting petroleum product is by
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Pregunta 44 Informe
A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.
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Pregunta 46 Informe
In the event of winding up of a company, who among the following is paid last?
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Pregunta 47 Informe
The most important document an importer requires to be able to clear his goods from the harbour is
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Pregunta 48 Informe
Which type of advertisement induces consumer to purchase the goods he does not need?
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Pregunta 49 Informe
Commerce is often referred to as the life blood of every nation because it
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Pregunta 50 Informe
Which of the following forms part of a company’s Article of Association?
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