The vessels that operate on specific route on high seas and oceans are
Хариулт
(D)
Passenger Liners and Cargo Liners
3
When an oil exploring and mining company builds a health centre in one community where at operates, such a company is
Хариулт
(C)
Fulfilling part of its social responsibility
4
The world tourism organization has it headquarters in
Хариулт
(B)
Madrid
5
A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
Хариулт
(B)
Bankers’ order
6
The development of commerce in west Africa was not hampered by
Хариулт
(C)
Insurance
7
Which of the following is classified as an immaterial want?
Хариулт
(A)
Protection
8
In product pricing, which of these elements need more consideration than others?
Хариулт
(A)
The cost of producing the product
9
The major determinant of fire insurance premium is the
Хариулт
(C)
Type and structure of the property to be insured
10
The agency in Nigeria which ensure that products conform to government quality specification is the
Хариулт
(C)
Standard Organization of Nigeria
11
Citizens are against privatization mainly because of
Хариулт
(C)
Increased price of good and services
12
A market where new shares are traded is known as
Хариулт
(A)
Primary Market
13
The application of division of labour would generally bring about
Хариулт
(A)
Increase in quantity of goods and services
14
The computer using linear integrated circuit technology complied with quantification of data in term of length and distance is
Хариулт
(A)
Main frame Computer
15
The internet is a system of telecommunication used for
Хариулт
(A)
Sending electronic message
16
The implied provisions in every sale of goods as contained in the sale of goods act of 1893 are conditions and
Хариулт
(B)
Warranties
17
Communication enhances business activities by
Хариулт
(A)
facilitating interaction between producers
18
The effective and efficient delivery of the desired satisfaction by a firm is said to be the practice of
Хариулт
(B)
Marketing concept
19
The document that gives an importer freehand to obtain goods form any manufacturer is
Хариулт
(D)
An open indent
20
Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up, the remaining 50 million shares have?
Хариулт
(A)
Not yet been issued
21
Which of the following best describes an invoice?
Хариулт
(B)
Document specifying quantity, description, prices and total value of purchase .
22
A direct service is rendered by
Хариулт
(D)
Family doctor
23
The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a
Хариулт
(C)
Joint venture
24
Second-tier securities market differs from the first-tier securities market in that the former is
Хариулт
(A)
highly restricted
25
Inbound tourism occurs when
Хариулт
(C)
resident of a country travel within it
26
A machine which enables sales without the physical presence of sales attendant is a
Хариулт
(C)
Vending Machine
27
In a typical manufacturing enterprises, the line function is performed by the
Хариулт
(B)
Marketing Department
28
The body regulating the sale and purchase of shares in Nigeria is the
Хариулт
(B)
Securities and exchange commission
29
A memorandum of association is applicable to a
Хариулт
(C)
joint stock company
30
An agent who takes title to goods and has authority to buy and sell on behalf of another is
Хариулт
(C)
A factor
31
Resources commited into the production of relatively few commodities is known as
Хариулт
(B)
Specialization
32
The measure of independence available to the individual business units that come together is the main difference between
Хариулт
(B)
Mergers and Acquisition
33
In the permanent storage device, DASD means
Хариулт
(D)
Direct Access Storage Device
34
The development of commercial activate in Nigeria was harnessed by
Хариулт
(A)
A good storage system
35
The forum for the selling and buying of securities of small and medium companies is called.
Хариулт
(B)
Second tier Security Market
36
The external environmental factors that affect a business cooperation are
Хариулт
(A)
Economic, Social and legal
37
The difference between a private are public limited liability company is that the former
Хариулт
(C)
Is unable to offer shares to the public.
38
A type of long-term loan granted to companies with fixed interest rate as well as with redeemable and irredeemable features is referred to as projects.
Хариулт
(A)
debenture
39
The circulating capital of a business enterprise is classified into
Хариулт
(A)
Cash, work-in-progress and debtors
40
Use the information below to answer this question.
Mammy Plc, whose nominal capital is made up of 5,000,000 ordinary shares at 50K each, decide to offer 80% of it to the public and realized only 50% of the amount due.
what is the company authorized share authorized share capital?
Хариулт
(D)
N2,500,000
41
A bond which attracts interest but leaves the capital repaid is referred to as
Хариулт
(B)
An irredeemable bond
42
The document issued to a port authority when a good are deposited is a
Хариулт
(A)
dock warrant
43
The business environment that takes into cognizance the age distribution ethnic mix and educational level of the consumer is
Хариулт
(D)
Demographic Environment
44
The term 4 net 7 on an invoice means that
Хариулт
(D)
4% discount will be allowed on the price charged if payment is made price charged if payment is made price charged if payment is made within seven days.
45
Musa obtains wool from his sheep, spins and transform it into cloth which he sells to consumers, this is a form of
