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Pergunta 1 Relatório
The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
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Pergunta 2 Relatório
Which of the following forms part of a company’s Article of Association?
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Pergunta 4 Relatório
Which type of advertisement induces consumer to purchase the goods he does not need?
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Pergunta 5 Relatório
Which of the following advertising media preselects its readership through the nature of its content?
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Pergunta 7 Relatório
Commerce is often referred to as the life blood of every nation because it
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Pergunta 8 Relatório
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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Pergunta 10 Relatório
The term “consumer sovereignty” means that the consumer is a
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Pergunta 13 Relatório
Which of these means of payment originates from a creditor?
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Pergunta 14 Relatório
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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Pergunta 15 Relatório
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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Pergunta 16 Relatório
A public limited company is regarded as a legal entity because
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Pergunta 17 Relatório
In the event of winding up of a company, who among the following is paid last?
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Pergunta 18 Relatório
Departmental store, supermarket and chain store are examples of
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Pergunta 19 Relatório
A typical example of an event covered by an Assurance Policy is
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Pergunta 20 Relatório
The activities concerned with changing of raw materials into finished products belong to ______ occupation
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Pergunta 22 Relatório
Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.
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Pergunta 23 Relatório
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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Pergunta 24 Relatório
The Nigeria Enterprises promotion Decree brought about policy
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Pergunta 25 Relatório
Which of the following types of insurance is usually excluded from the principle of indemnity?
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Pergunta 26 Relatório
Association of people in the same line of business is known as
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Pergunta 28 Relatório
Which of the following services is NOT rendered by NITEL?
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Pergunta 29 Relatório
The coming together of two or more firms with each of them losing its identity is known as
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Pergunta 30 Relatório
The aid to trade which enables producer and consumer to transact business without physical contact is known as
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Pergunta 31 Relatório
The association that encourages savings for the benefit of its members is known as
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Pergunta 32 Relatório
The document which gives complete information about the goods sold is the
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Pergunta 33 Relatório
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
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Pergunta 34 Relatório
The most important document an importer requires to be able to clear his goods from the harbour is
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Pergunta 35 Relatório
Which of these is NOT a governments legislation to protect thee consumer?
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Pergunta 36 Relatório
A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.
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Pergunta 38 Relatório
The following are advantages of division of labour specialization EXCEPT that it
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Pergunta 39 Relatório
One of the easiest means of transporting petroleum product is by
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Pergunta 40 Relatório
Which of the following groupings is a means of payments through the post office
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Pergunta 42 Relatório
A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a
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Pergunta 43 Relatório
Who among the following engages in extractive activities?
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Pergunta 44 Relatório
Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.
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Pergunta 45 Relatório
The functions of public corporations include the following EXCEPT
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Pergunta 46 Relatório
The rules and regulations guiding the conduct of business transactions are known as ……. law
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Pergunta 49 Relatório
The document that spells out the relationship of a company with the outside world is known as
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Pergunta 50 Relatório
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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