The major factors that facilitate merchandising are
Answer
(D)
banking, insurance and transportation
2
Product involves
Answer
(C)
the manufacturing of goods and provision of services
3
The application of division of labour should generally bring about
Answer
(A)
increase in the quantity of goods and service
4
The term Plc implies that the are available
Answer
(C)
publicly on the stock exchange
5
Which of these is both merit and demerit in partnership?
Answer
(A)
The number of partners
6
The measure of independence available to the individual business unit that come together is the main different between
Answer
(B)
mergers and acquisition
7
Government policies relating to the establishment and operation of business are targeted at
Answer
(B)
the general improvement of the economy
8
On liquidation of a public limited liability company, the residual owners are the
Answer
(B)
ordinary shareholders
9
Bank overdraft as a short term source of fund is
Answer
(D)
a current liability
10
Use the information below to answer question
What is the total fixed capital?
Answer
(C)
N 575,000
11
Determined the circulating capital?
Answer
(C)
N235,000
12
The share capital value that forms part of the balance sheet total is the
Answer
(A)
paid-up share capital
13
The main factors militating against the rapid growth of trade in Nigeria are?
Answer
(C)
lacks of good transportation network and insecurity of investment
14
The current trend in retailing competition in Nigeria are?
Answer
(B)
branding, enterprising and diffrentiation of goods and services
15
The function of a merchant wholesaler is to
Answer
(B)
posses title to the goods, store and sale to retailers
16
An invoice can be described as a
Answer
(B)
document specifying quantity, description, prices and total value of purchase
17
Ocean liners are subdivided into
Answer
(A)
passenger liner and cargo liners
18
Tourists with no fixed address in a town may receive their letters from the post office through a
Answer
(B)
poste restante
19
The insurance principle that requires full disclosure of information on the insured is known as
Answer
(B)
uberrimae fidei
20
Mr Olatude took up a fire insurance on a property valued at N1000 and the amount insured is N 800. If the insurance was taking with the clause ‘with average ‘, What is the amount to be paid by the insurance company?
Answer
(A)
N320
21
The Central Bank differs from commercial banks because it?
Answer
(C)
issues currencies
22
A bank form used to transfer money from personal to creditor's account is called?
Answer
(A)
debits transfer form
23
The computer using linear integrated circuit technology coupled with quantification of data in terms of length and distance is known as?
Answer
(A)
digital computer
24
A printer that burns the print image onto the photosensitive drum is called
Answer
(C)
laser printer
25
A console is a device used in
Answer
(A)
moving an indicator on the screen
26
A form of money that has gone out of use is?
Answer
(C)
commodity money
27
The major condition for obtaining loan in thrift, credit and loans cooperative societies is
Answer
(A)
provision of collateral security
28
The stock Exchange helps to provide capital for of industrial project because it
Answer
(C)
assist companies to exchange their securities into cash
29
A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it
Answer
(B)
creates unhealthy competition amongst users of foreign exchange
30
The chart above represent the?
Answer
(B)
marketing mix relationship
31
A group of specialized functions of marketing is
Answer
(C)
buying, selling, labelling and promotion
32
The type of advertising that seeks to persuade consumers to buy a particular product is
Answer
(C)
Persuasive advertising
33
The practice whereby soft drink manufacturers give away caps, bags and other items when consumers buy their product is a form of
Answer
(D)
saels promotion
34
The most important advantage of personal selling is that it
Answer
(A)
allows sellers to percieve buyers' needs
35
The role of public relations is principally to
Answer
(B)
create good image
36
The basic elements of a valid contract are
Answer
(D)
offer, acceptance, capacity, legality and consideration
37
A bus driver operating between Lagos and Jos pledged the owner's credit in Benin in order to have the engine repaired and the bill sent to the owner.This is a case of
Answer
(B)
agency by necessity
38
After registration, a certificate of trading is usually issued to a
Answer
(B)
public company
39
An aspect of the law which allows an exclusive right for a limited number of years is a
Answer
(D)
patent
40
The first known legislation to protect consumer rights in Nigeria is the
Answer
(C)
Sales of Goods Act
41
The main difference between nationalization and indigenization is in terms of
Answer
(A)
shareholding
42
The primary objectives of a trade association is to
Answer
(C)
exchange information and negotiate as a preasure group
43
A chamber of commerce is an association made up of
