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Swali 1 Ripoti
Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to
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Swali 2 Ripoti
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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Swali 3 Ripoti
The reputation and good image benefits arising from the business connections of a firm are called
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Swali 6 Ripoti
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called
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Swali 7 Ripoti
The compensation made to an insured for loss incurred in insurance is called
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Swali 9 Ripoti
Which insurance principle indicates that only the person who might suffer financial loss will be allowed to take out insurance?
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Swali 10 Ripoti
Assets of a business which can easily be changed into cash are called
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Swali 11 Ripoti
The fastest and most accurate means of passing information is
Swali 13 Ripoti
Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay
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Swali 14 Ripoti
The main reason for Government ownership of a public enterprise is to provide
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Swali 15 Ripoti
Gases are best transported by
Swali 17 Ripoti
What is the fastest means of sending documents from one place to another
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Swali 18 Ripoti
ln the selection of means of transport, speed is an important consideration for goods that are
Swali 20 Ripoti
A statement of the current price and terms of trade of a product or service is called
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Swali 21 Ripoti
Reorganization of public enterprises to run as profit-making ventures is called
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Swali 23 Ripoti
When one party to a contract refuses to perform the obligations assumed under the contract, there is
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Swali 24 Ripoti
The different types of occupation in which people are engaged can be grouped as
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Swali 27 Ripoti
The factor of production which involves both the mental and physical effort of man is called
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Swali 28 Ripoti
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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Swali 29 Ripoti
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
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Swali 30 Ripoti
The greatest weapon of the buyer against the activities of false advertisers is
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Swali 31 Ripoti
What covers the risk which an employer may suffer as a result of the dishonesty of an employee?
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Swali 33 Ripoti
Assets of a business which can easily be changed into cash are called
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Swali 34 Ripoti
The best definition of Communication in Commerce is
Swali 36 Ripoti
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”?
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Swali 37 Ripoti
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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Swali 38 Ripoti
Goods that are not useful by themselves, but help in the production of other desired goods are called ....... goods.
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Swali 39 Ripoti
The process by which the government takes over private business is known as
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Swali 40 Ripoti
A business activity that directs the flow of goods and services from the producer to the consumer is called
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Swali 45 Ripoti
What is a voluntary association of business executives, tradesmen, or entrepreneurs?
Swali 49 Ripoti
Grouping consumers based on their purchasing habits is called market
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Swali 50 Ripoti
A situation where a consumer's need is the focus of attention is regarded as
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