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Ibeere 2 Ìròyìn
Which insurance principle indicates that only the person who might suffer financial loss will be allowed to take out insurance?
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Ibeere 3 Ìròyìn
Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to
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Ibeere 4 Ìròyìn
The factor of production which involves both the mental and physical effort of man is called
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Ibeere 5 Ìròyìn
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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Ibeere 6 Ìròyìn
Gases are best transported by
Ibeere 9 Ìròyìn
Goods that are not useful by themselves, but help in the production of other desired goods are called ....... goods.
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Ibeere 10 Ìròyìn
The best definition of Communication in Commerce is
Ibeere 11 Ìròyìn
The greatest weapon of the buyer against the activities of false advertisers is
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Ibeere 12 Ìròyìn
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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Ibeere 13 Ìròyìn
What is the fastest means of sending documents from one place to another
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Ibeere 17 Ìròyìn
The compensation made to an insured for loss incurred in insurance is called
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Ibeere 21 Ìròyìn
Grouping consumers based on their purchasing habits is called market
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Ibeere 22 Ìròyìn
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
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Ibeere 24 Ìròyìn
A statement of the current price and terms of trade of a product or service is called
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Ibeere 25 Ìròyìn
ln the selection of means of transport, speed is an important consideration for goods that are
Ibeere 27 Ìròyìn
Reorganization of public enterprises to run as profit-making ventures is called
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Ibeere 28 Ìròyìn
A situation where a consumer's need is the focus of attention is regarded as
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Ibeere 30 Ìròyìn
The process by which the government takes over private business is known as
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Ibeere 33 Ìròyìn
Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay
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Ibeere 34 Ìròyìn
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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Ibeere 35 Ìròyìn
Which document is used to advertise shares to the general public?
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Ibeere 36 Ìròyìn
A business activity that directs the flow of goods and services from the producer to the consumer is called
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Ibeere 37 Ìròyìn
The fastest and most accurate means of passing information is
Ibeere 39 Ìròyìn
Assets of a business which can easily be changed into cash are called
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Ibeere 40 Ìròyìn
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called
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Ibeere 41 Ìròyìn
When one party to a contract refuses to perform the obligations assumed under the contract, there is
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Ibeere 43 Ìròyìn
The reputation and good image benefits arising from the business connections of a firm are called
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Ibeere 44 Ìròyìn
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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Ibeere 45 Ìròyìn
What is a voluntary association of business executives, tradesmen, or entrepreneurs?
Ibeere 47 Ìròyìn
What covers the risk which an employer may suffer as a result of the dishonesty of an employee?
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Ibeere 49 Ìròyìn
The different types of occupation in which people are engaged can be grouped as
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