Which of the following is not a function of commerce?
Одговорити
(A)
advertising goods
2
Which of the following is not a function of commerce?
Одговорити
(A)
advertising goods
3
Which of the following is not a function of commerce
Одговорити
(C)
increasing profit made
4
Any activity that changes raw materials into consumer or industrial goods is
Одговорити
(D)
manufacturing
5
The divisions of production are
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(C)
industry,commerce and services
6
Risks in business are borne by the
Одговорити
(B)
entrepreneur
7
The main aim of credit and thrift societies is to
Одговорити
(D)
encourage savings among members
8
In which of the following business units are profits shared on the basis of membership patronage?
Одговорити
(C)
co-operative society
9
A business becomes a separate legal entity after it has
Одговорити
(B)
been incorporated
10
The amalgamation of firms engaged in cotton processing and the manufacturing of textiles is
Одговорити
(B)
vertical integration
11
A private company's ability to raise capital is limited because
Одговорити
(D)
of limited collateral security
12
An increase in the volume of sales is also an increase in
Одговорити
(B)
turnover
13
The working capital of a firm is calculated as
Одговорити
(A)
current assets minus current liabilities
14
Dividend is always expressed as a percentage of total
Одговорити
(B)
value of shares owned
15
Which of the following is a duty of the Employers Association?
Одговорити
(B)
establishing a uniform wage scale
16
A very effective way of resisting the producer's exploitation is to
Одговорити
(C)
form consumer's association
17
Which of the following makes sales possible without a sales attendant ?
Одговорити
(C)
vending machine
18
Which of the following distinguishes supermarkets from other retail outlets
Одговорити
(B)
standard shop fronts
19
Manufacturers sell directly to consumers when they
Одговорити
(A)
want to make profit
20
Which of the following is regarded as a document of title in foreign trade?
Одговорити
(D)
certificate of origin
21
The most acceptable means of payment in foreign transaction is
Одговорити
(C)
irrevocable letters of credit
22
Which of the following is not a function of the Ports Authority
Одговорити
(C)
providing storage and warehousing facilities at the docks
23
Terms of trade refers to
Одговорити
(C)
the relationship between export and import prices
24
The aid to trade responsible for the preservation of perishable items is
Одговорити
(A)
warehousing
25
Which of the following abbreviations permits the seller to correct any error in an invoice?
Одговорити
(B)
C.I.F
26
C % F as a price quotation in foreign trade means that the buyer
Одговорити
(B)
has to pay for cost and freight
27
A bill of exchange is made more negotiable if it has been
Одговорити
(B)
accepted
28
A bill of exchange is made up more negotiable if it has been
Одговорити
(B)
accepted
29
The primary objective of insurance is to
Одговорити
(C)
give loan to business men
30
Which of the following services is rendered by Central Bank?
Одговорити
(D)
issuing currency notes
31
Which of the following gives businessmen the opportunity to buy shares of public limited companies?
Одговорити
(D)
the stock exchange
32
The liquid assets of commercial banks are
Одговорити
(C)
deposit accounts and cash
33
The insurance policy which covers damages to the body of a ship is
Одговорити
(D)
hull insurance
34
Which of the following central bank functions inspires confidence in the banking system in case of emergency?
Одговорити
(B)
lender of last resort
35
Which of the following proves that important documents have reached their destination?
Одговорити
(D)
express delivery services
36
The main advantage of sea transport over air transport is
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(A)
capacity
37
The mode of transport that conveys goods at low cost per unit is
Одговорити
(B)
rail
38
Any activity aimed at creating more markets for a product is
Одговорити
(A)
packaging
39
Activities aimed at boosting the image of an organization are regarded as
Одговорити
(D)
consumer protection
40
When consumers are unaware of the quality of a product, the best advertising technique to use is
Одговорити
(C)
direct advertising
41
Which of the following is not an obstacle to the achievement of the objectives of ECOWAS
Одговорити
(D)
slow pace of development of member countries
42
Musa entered into a contract to supply two cows to Aro. Before the agreed date of supply and without the knowledge of the two parties, thieves stole the cows. This is an example of termination of contract by
Одговорити
(A)
default
43
Abuse and monopoly of power by industrialists could lead to
Одговорити
(C)
nationalization
44
Which of the following is an objective of indigenization policy? To
Одговорити
(D)
encourage more production
45
One of the objectives of ECOWAS is to
Одговорити
(C)
promote trade within the region
46
The amount of insurance premium to be paid depends on the
Одговорити
(C)
number of insurance companies in a place
47
Which of the following is the main task of the Marketing Manager whose company has adopted the marketing concept? To
Одговорити
(B)
maintain the company's share of the market
48
The Money Market is the
Одговорити
(B)
market for short-term loans
49
The choice of medium used in advertising is not determined by the
