The principle of span of control stipulates that?

The main advantage of a sole trader is the freedom to?

The major objective of corporate mergers is to?

A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is the

The conversion of raw materials into finished products creates

A form of money that has gone out of use is

The activities aimed at finding customers needs and satisfaction can be described as

Given:
I. Retail
II. Export
III. Transport
IV. Import
V. Insurance
VI. Banking and finance
VII. Wholesale
VIII. Communication. 

Which of the above are aids to trade?

Communication process involves the transmission of a message over a selected channel to the 

The instruments of credit include

The type of communication from a superior to a subordinate in an organization is referred to as 

The excess of the assets over the liabilities of a business is called 

Use the information below to answer this question

A B C Balance Sheet as at 31/12/2004

₦ Share capital  200,000 Reserves  100,000 Long term liabilities 40,000 Current liabilities   30,000    370,000

₦ Fixed assets  180,000 Investment 100,000 Current assets  50,000 Fictitious assets  40,000  370,000

The total sum of financing short term projects is

Use the information below to answer this question

A B C Balance Sheet as at 31/12/2004

₦ Share capital  200,000 Reserves  100,000 Long term liabilities 40,000 Current liabilities   30,000    370,000

₦ Fixed assets  180,000 Investment 100,000 Current assets  50,000 Fictitious assets  40,000  370,000

What is the capital employed?

A distinctive advantage of GSM is its

The major determinant of fire insurance premium is the 

An activity that involves derivation of raw materials from land and sea is

A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a

The primary memory component of a computer is the 

The transmission of the telephone services from one country to another is facilitated by

The best mode of ensuring that items posted get to the named addresses is through

An agency contract must involve

Inbound tourism occurs when

When two or more companies agree to execute a project too large for one to handle, this is referred to as

The main objective of a trade association is to

 A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a 

NAME	INSURED AMOUNT(₦)	ACTUAL VALUE(₦)	ACTUAL LOSS(₦)
Mr. P Mr. K Mr. R	25,000 30,000 40,000	100,000 120,000 150,000	30,000 40,000 50,000

Use the table above to answer questions 27 and 28

If Mr. P takes a fire insurance policy with average clause, his compensation will be

NAME	INSURED AMOUNT(₦)	ACTUAL VALUE(₦)	ACTUAL LOSS(₦)
Mr. P Mr. K Mr. R	25,000 30,000 40,000	100,000 120,000 150,000	30,000 40,000 50,000

What insurance principle has Mr. R violated if he decides to overstate the actual value of his property?

Hire purchase is advantageous to the seller in that 

A form of money with face value which is greater than the value of the metal contents is 

A proforma invoice is not required when

The art of soap making is an example of

The payment made periodically in respect of an insurance policy entered into is known as

Services rendered to the public is provided by 

Which of the following countries are members of the Lake Chad Basin Commission?