Which of the following is NOT part of Pre-Sales Service/ice?
Відповідь
(A)
granting of credit or hire purchase sales facilities
2
Which of the following does a seller send in reply to a letter of inquiry?
Відповідь
(A)
quotation
3
The sum which the insured pays periodically to his insurance company is called
Відповідь
(D)
a premium
4
The main objective of nationalization of industries is to
Відповідь
(D)
bring an Industry under state ownership and control
5
Closing stock is also known as
Відповідь
(A)
stock at close
6
The first Nigerian enterprises promotion decree was promulgated in
Відповідь
(B)
1973
7
An agreement that is enforceable in law is called
Відповідь
(C)
a contract
8
A tax paid on goods manufactured and consumed in your country is called
Відповідь
(A)
excise duty
9
Which of the following is NOT an aim of advertising?
Відповідь
(C)
reducing the cost of the goods produced
10
Prospectus in relation to a public limited inability company means
Відповідь
(C)
an invitation to the public to buy shares
11
An allowance made to a customer for prompt payment is known as
Відповідь
(C)
cash discount
12
A person who runs a business on his own account is called a
Відповідь
(B)
sole trader
13
All the following are principles of insurance EXCEPT
Відповідь
(B)
particular average
14
One of the following does NOT fit into the group.
Відповідь
(B)
carpentry
15
A public limited liability company is owned by
Відповідь
(B)
shareholders
16
An instruction to an agent abroad restricting him to buy from a named manufacturer is known as
Відповідь
(C)
a closed indent
17
Which of the following can be used to establish an importer's title to goods?
Відповідь
(C)
bill of lading
18
Fishing is an example of
Відповідь
(C)
extractive industry
19
Which of the following CANNOT be sold through a vending machine?
Відповідь
(A)
shoes
20
The rights of the consumers does NOT include
Відповідь
(C)
the right to fix prices
21
Banks issue cheque books to customers holding ___________ accounts.
Відповідь
(B)
current
22
A bill of exchange sold for less than its face value before maturity is said to be
Відповідь
(D)
discounted
23
A multiple shop has many stores which sell
Відповідь
(D)
similar goods
24
The relationship between a country's visible imports and exports in a trading year is known as
Відповідь
(A)
balance of trade
25
Which of the following warehouse is generally found near a port?
Відповідь
(B)
bonded warehouse
26
The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as
Відповідь
(C)
free post service
27
Which area of law is NOT related to business?
Відповідь
(C)
possession
28
A holding company is one which holds shares in another company up to
Відповідь
(A)
51%
29
The breaking down of work into different processes is known as
Відповідь
(B)
division of labour
30
Which of the following is NOT regarded as a welfare service in an organization?
Відповідь
(A)
training
31
The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called
Відповідь
(B)
indigenity
32
Which of these is used in calculating working capital?
Відповідь
(B)
stock of raw material
33
Obi received a cheque for #1000 from Mr. Ade and this cheque was stolen. He must
Відповідь
(B)
inform his bank to stop payment
34
A contract in which all parties to the contract have carried out their obligation is said to be terminated by
Відповідь
(A)
performance
35
The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of
Відповідь
(C)
a general average loss
36
Which of the following is NOT part of the marketing mix?
Відповідь
(D)
personnel
37
Shares are said to be sold at a discount when they are sold
Відповідь
(A)
below par
38
When the price quoted includes all the cost to the actual destination, that is, from the seller's warehouse to the buyer's warehouse. it is called
Відповідь
(B)
franco
39
The body charged with the responsibility monitoring the quality of goods supplied is the
Відповідь
(C)
Nigerian standards organization
40
The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as
Відповідь
(D)
jobbers turn
41
Stock exchange quoted the shares of ABC Plc at #0.75K for #1.25K per share. This means the shares were sold at a
Відповідь
(B)
premium
42
The components of a balance of payments account are
Відповідь
(B)
current, capital and monetary movement
43
Ships that pick up cargo from any port and travels anytime are called
Відповідь
(C)
tramps
44
Which of the following advertising media preselects its readership through the nature of its content?
Відповідь
(A)
Magazine
45
Branding is the assigning of trade marks to goods for the purpose of......... by the public.
Відповідь
(D)
identification
46
Which of the following services is NOT rendered by NITEL?
Відповідь
(B)
Recorded Delivery
47
The act of being on one job for expertise is called
Відповідь
(D)
specialization
48
Which type of advertisement induces consumer to purchase the goods he does not need?
Відповідь
(C)
Persuasive
49
Tariff can be defined as a compulsory levy on
Відповідь
(C)
imported goods only
50
Which of the following is NOT a credit instrument?
Відповідь
(D)
Bill of Lading
51
Transfer of ownership of goods sold under Hire Purchase System takes place when
Відповідь
(D)
the final instalment is paid
52
The document which gives complete information about the goods sold is the
Відповідь
(A)
invoice
53
A typical example of an event covered by an Assurance Policy is
Відповідь
(B)
death
54
The functions of public corporations include the following EXCEPT
Відповідь
(B)
maximizing profits for the board members
55
Which of the following forms part of a company's Article of Association?
Відповідь
(D)
Name of the company
56
A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling for a commission proportionate to the value of the transaction is called a
Відповідь
(C)
factor
57
The coming together of two or more firms with each of them losing its identity is known as
Відповідь
(D)
amalgamation
58
Use the information below to answer this question.
Aisha sold her wristwatch to Halima for #2,000.00 and she paid. The sum of #2,000.00 is the
Відповідь
(B)
consideration
59
The term "consumer sovereignty" means that the consumer is a
Відповідь
(B)
king
60
The activities concerned with changing of raw materials into finished products belong to __occupation.
Відповідь
(D)
manufacturing
61
The following are functions of marketing EXCEPT
Відповідь
(C)
insurance
62
The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is
Відповідь
(C)
invoice
63
Departmental store, supermarket and chain store are examples of
Відповідь
(C)
large scale retailers
64
The rules and regulations guiding the conduct of business transactions are known as law
Відповідь
(D)
commercial
65
The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
Відповідь
(C)
indemnity
66
The aid to trade which enables producer and consumer to transact business without physical contact is known as
Відповідь
(B)
communication
67
The association that encourages savings for the benefit of its members is known as
Відповідь
(B)
Credit and thrift co-operative society
68
Bonded warehouse is controlled and supervised by
Відповідь
(A)
customs
69
The advertising medium which uses electric current in bulbs is referred to as
Відповідь
(C)
neon signs
70
Which of these is NOT a governments legislation to protect the consumer?
Відповідь
(C)
Privatization and commercialization
71
A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a
Відповідь
(C)
tramp
72
The Nigeria Enterprises promotion Decree brought about policy
Відповідь
(C)
indigenization
73
In the event of winding up of a company, who among the following is paid last?
Відповідь
(B)
Ordinary shareholders
74
Gross profit can be calculated as
Відповідь
(B)
Sales minus cost of good sold
75
One of the easiest means of transporting petroleum product is by
