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Question 1 Rapport
A document that is sent by the seller to the buyer to indicate an increase in the annual owes is
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Question 2 Rapport
The amount receivable by shareholders after the declaration of profit is called
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Question 4 Rapport
“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of
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Question 5 Rapport
When a cheque has R/D written on it, it means that the cheque
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Question 6 Rapport
Which of the following relies on subvention as the main source of capital?
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Question 10 Rapport
Income distribution, nature of natural resources, investment etc. forms part of -----business environment.
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Question 11 Rapport
A Speculator in the stock exchange who buys shares hope that prices will rise is called
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Question 12 Rapport
When the supplier changes a retailer for not returning empty packages, the supplier sends him a/an
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Question 13 Rapport
A financial document stating the reasons for making a payment and details of the payment is
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Question 14 Rapport
The practice of selling some goods below market price to attract more customers is known as
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Question 15 Rapport
The payment made by government to producers to enable them reduce price is known as
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Question 16 Rapport
The most suitable mode of transport for conveying gas and liquid within Nigeria is
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Question 17 Rapport
The department responsible for recruitment and promotion of staff is
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Question 18 Rapport
Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Cost of goods sold is
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Question 20 Rapport
The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the
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Question 23 Rapport
Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the
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Question 24 Rapport
The building of schools and hospitals for communities by some oil companies in Niger Delta of Nigeria is an example of
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Question 25 Rapport
The losses incurred in the running of Public Corporations are borne by the
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Question 26 Rapport
Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?
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Question 28 Rapport
Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Kolawole’s average stock is?
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Question 29 Rapport
The authority that transfers to a third party the shard right to vote is called
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Question 30 Rapport
From the date of issue, cheques are valid for-----------months.
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Question 31 Rapport
Which of the following is NOT true of a cheque as a means of payment? It
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Question 32 Rapport
An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….
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Question 33 Rapport
A disadvantage of commercialization of public enterprises in Nigeria is that it
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Question 34 Rapport
A marketing term the for the presentation of goods in a neatly wrapped container is
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Question 37 Rapport
Shares that are fully paid can be converted into bulks known as
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Question 39 Rapport
The process of passing information from one person to another in an organization is known as
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Question 40 Rapport
The principle of insurance that prevents the insured from benefiting in an event where he suffers no material or financial loss is
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Question 41 Rapport
The actual amount of share capital a company is allowed to issue to the public is the ---- capital
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Question 42 Rapport
In which order are the following documents used?
I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation
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Question 43 Rapport
Which of the following is an objective of regional economic grouping?
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Question 44 Rapport
Public debt management is one of the functions of a ----- bank
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Question 47 Rapport
Shares, stocks, government bonds trade in the stock exchange marks: are known as
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Question 48 Rapport
Which of the following is NOT true of a cheque as a means of payment? It
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