The vessels that operate on specific route on high seas and oceans are
Answer
(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
Answer
(C)
Fulfilling part of its social responsibility
4
The world tourism organization has it headquarters in
Answer
(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
Answer
(B)
Bankers’ order
6
The development of commerce in west Africa was not hampered by
Answer
(C)
Insurance
7
Which of the following is classified as an immaterial want?
Answer
(A)
Protection
8
In product pricing, which of these elements need more consideration than others?
Answer
(A)
The cost of producing the product
9
The major determinant of fire insurance premium is the
Answer
(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
Answer
(C)
Standard Organization of Nigeria
11
Citizens are against privatization mainly because of
Answer
(C)
Increased price of good and services
12
A market where new shares are traded is known as
Answer
(A)
Primary Market
13
The application of division of labour would generally bring about
Answer
(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
Answer
(A)
Main frame Computer
15
The internet is a system of telecommunication used for
Answer
(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
Answer
(B)
Warranties
17
Communication enhances business activities by
Answer
(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
Answer
(B)
Marketing concept
19
The document that gives an importer freehand to obtain goods form any manufacturer is
Answer
(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?
Answer
(A)
Not yet been issued
21
Which of the following best describes an invoice?
Answer
(B)
Document specifying quantity, description, prices and total value of purchase .
22
A direct service is rendered by
Answer
(D)
Family doctor
23
The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a
Answer
(C)
Joint venture
24
Second-tier securities market differs from the first-tier securities market in that the former is
Answer
(A)
highly restricted
25
Inbound tourism occurs when
Answer
(C)
resident of a country travel within it
26
A machine which enables sales without the physical presence of sales attendant is a
Answer
(C)
Vending Machine
27
In a typical manufacturing enterprises, the line function is performed by the
Answer
(B)
Marketing Department
28
The body regulating the sale and purchase of shares in Nigeria is the
Answer
(B)
Securities and exchange commission
29
A memorandum of association is applicable to a
Answer
(C)
joint stock company
30
An agent who takes title to goods and has authority to buy and sell on behalf of another is
Answer
(C)
A factor
31
Resources commited into the production of relatively few commodities is known as
Answer
(B)
Specialization
32
The measure of independence available to the individual business units that come together is the main difference between
Answer
(B)
Mergers and Acquisition
33
In the permanent storage device, DASD means
Answer
(D)
Direct Access Storage Device
34
The development of commercial activate in Nigeria was harnessed by
Answer
(A)
A good storage system
35
The forum for the selling and buying of securities of small and medium companies is called.
Answer
(B)
Second tier Security Market
36
The external environmental factors that affect a business cooperation are
Answer
(A)
Economic, Social and legal
37
The difference between a private are public limited liability company is that the former
Answer
(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.
Answer
(A)
debenture
39
The circulating capital of a business enterprise is classified into
Answer
(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?
Answer
(D)
N2,500,000
41
A bond which attracts interest but leaves the capital repaid is referred to as
Answer
(B)
An irredeemable bond
42
The document issued to a port authority when a good are deposited is a
Answer
(A)
dock warrant
43
The business environment that takes into cognizance the age distribution ethnic mix and educational level of the consumer is
Answer
(D)
Demographic Environment
44
The term 4 net 7 on an invoice means that
Answer
(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
