A distinguishing characteristic of a limited liability company is that
Responder
(C)
has limited resources
2
Freight note is a document
Responder
(A)
issued by a shipping company giving details of changes
3
Which of the following are the components of commerce?
I. trading and advertising
II. warehousing and transportation
III. packing and branding
IV. Insurance and banking
Responder
(B)
I,II and IV
4
Extractive industries may also be denominated as
Responder
(D)
primary industries
5
A common requirement for public and private limited companies in Nigeria is that
Responder
(C)
their annual accounts are made available to the corporate affairs commission
6
Mr. Olatunde took up a fire insurance on a property valued at ₦1000 and the amount insured is ₦80. Thee ₦400. If the property caught fire causing a loss of insurance was taken with the clause with average what is the amount to be paid bý the insurance company?
Responder
(B)
₦320
7
One major characteristic of credit unions and thrift societies is that
Responder
(A)
the contribution of every member depends on the member's ability
8
An author's exclusive right to his published and unpublished works is known as
Responder
(C)
copyright
9
The management function that makes the difference in intensity of behavior is
Responder
(B)
motivation
10
Charges for loans paid by commercial banks to the Central Bank of Nigeria are called
Responder
(D)
bank rates
11
The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples. personal selling involves
Responder
(A)
face-to-face communication with customers
12
One of the disadvantages of sole proprietorship is
Responder
(C)
unlimited liability
13
Use the diagram above to answer this question
X represents
Responder
(B)
receiver
14
Use the diagram above to answer this question
In the communication process. Y represents
Responder
(D)
the medium
15
One of the functions of the Nigeria Ports Authority is the provision of
Responder
(B)
facilities to enhance the speedy loading and offloading of cargoes
16
The scope of economic activities can be enlarged by
Responder
(B)
trading and aids to trade
17
Given:
I. shoe maker
II. policemen
III. fishermen
IV. Gardener
V. Broker.
The persons engaged in primary Occupation are
Responder
(D)
III and IV
18
Ships used for international transport are
Responder
(A)
oceanliners
19
The process of eliminating a virus from computer is the
Responder
(D)
debugging
20
A customer with ABC Plc sent money through his account to his sister's account in another branch. This Is an example of
Responder
(C)
e-banking
21
One of the merits of television as a medium of advertising is that it
Responder
(D)
has more sensory stimulation
22
The central working system of a computer used for data processing is the
Responder
(D)
memory unit
23
An example of a computer operating system is
Responder
(B)
windows 2000
24
The arrangement and interrelationship of the various components and positions of a business is referred to as
A country is said to be experiencing an unfavourable balance of trade if her
Responder
(B)
visible imports exceeds Visible exports
28
An undertaking given by a person to another assuring his integrity is
Responder
(C)
fidelity guarantee
29
The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is
Responder
(D)
span of control
30
Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to Claim damages but failed. This implies that the contract was terminated by
