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Question 1 Rapport
The act of bringing a privately owned business under exclusive state ownership and control is referred to as
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Question 4 Rapport
A public limited company can borrow from the public to increase its capital by
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Question 5 Rapport
......is a letter sent to the suppliers requesting details of goods offered for sale
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Question 7 Rapport
Which of the following invites the general public to subscribe for its shares?
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Question 9 Rapport
The agreement between an exporter and a ship owner to convey goods is known as
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Question 10 Rapport
Shares issued to existing shareholders, without paying for them are referred to as ....... issue.
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Question 11 Rapport
The coming together of two or more companies to form one big viable company is known as
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Question 12 Rapport
The special right of privileges granted to an inventor to make use of what he has invented is known as fundamental right.
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Question 13 Rapport
Who among the following is the last link in the chain of distribution?
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Question 14 Rapport
The changing of the original form of an object to a form that can give satisfaction to a want is known as
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Question 15 Rapport
Which means of transport is most suitable for moving crude oil, gas and water from Port Harcourt to Kaduna?
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Question 16 Rapport
Any member of the public who wants to buy shares in the stock market will first of all meet a/an
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Question 17 Rapport
A large rental organization with a number of sections selling different goods in the same building is called a ....
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Question 18 Rapport
A document which can be used for both internal and external trade is
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Question 20 Rapport
Who takes the initial step to form a company prior to its incorporation?
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Question 21 Rapport
Re-exporting imported goods to another country is known as ........ trade.
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Question 22 Rapport
When a business organization constructs schools and roads for the use of a community. such responsibility is
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Question 23 Rapport
A share ducted “Cum div”, means that the dividend for the current year will be paid to the
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Question 24 Rapport
The amount which a company is empowered to raise for a business is its
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Question 25 Rapport
A discount that is given to middlemen in order to make good profit is called .......... discount.
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Question 27 Rapport
Organization of a wholesale warehouse in a typical company consist of the following EXCEPT ....... department.
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Question 28 Rapport
Which of the following forms of business unit requires a certificate of trading before commencing business?
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Question 29 Rapport
Which of the following risks would an insurance company not prepared to cover?
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Question 30 Rapport
Which of the following organizations look after harbours, docks and waterways in Nigeria?
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Question 31 Rapport
All the following are members of small-scale retailing EXCEPT
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Question 38 Rapport
The government regulates business activities through the following measures EXCEPT
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Question 39 Rapport
The factor of production that combines others factors and bears the risks in production process is
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Question 41 Rapport
A form of business unit in which members are given patronage allowance is
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Question 43 Rapport
Combination of methods used by a firm for marketing its product is known as .......
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Question 44 Rapport
Advertising could be used to achieve all the following EXCEPT
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Question 45 Rapport
Who among the following engages in manufacturing occupation?
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Question 46 Rapport
Which of the following gives Nigerian’s the opportunity to take active part in industry and commerce?
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Question 49 Rapport
Which of the laws of consumers protection fixes the rate of interest that may be charged on loans?
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Question 50 Rapport
Which of the following does NOT relate to marine insurance?... policy
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