Paper money originated in form of receipt given by?
Trả lời
(B)
goldsmiths
2
The major divisions of Commerce are?
Trả lời
(C)
trade and auxiliaries to trade
3
Which of the following statements is not true?
Trả lời
(B)
There cannot occur commercial services unitl goods have been produced
4
The three main division of production include industrial?
Trả lời
(B)
commercial and services
5
Which of the following does not belong to the industry?
Trả lời
(B)
Insuring
6
Which of the following is one of the functions of commerce?
Trả lời
(C)
Storage of goods
7
Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The average stock is?
Trả lời
(C)
N5000
8
Opening stock.................N1000
Closing stock.................N9000
Purchases.....................N14,000
The cost of goods sold is?
Trả lời
(A)
N6000
9
The oldest and commonest form of business in Nigeria is?
Trả lời
(C)
sole proprietorship
10
If a retailer Mr. Aigbojie buys goods manufactured by Adefila Limited from wholesaler Mrs. Jumai, who will prepare the delivery note?
Trả lời
(C)
Mrs. Jumai
11
Which of the following is not a factor of product?
Trả lời
(E)
Staffing
12
In which class of occupation would you place a taxi driver?
Trả lời
(E)
Commercial services
13
The purpose of of issuing a credit note is to?
Trả lời
(A)
correct errors of overcharging
14
The exchange of goods for other goods in home trade is known as?
Trả lời
(C)
barter trade
15
Which of the following advertising media combines the advantages of sound and motion?
Trả lời
(E)
Television
16
Which of the following is a form of sales promotion?
Trả lời
(D)
Offering free samples to customers
17
Efforts geared towards establishing and maintaining good image for a company is termed?
Trả lời
(C)
public relations
18
Which of the following is sent as a reply to an inquiry?
Trả lời
(E)
Quotation
19
Which of the following statements best describes net profit? The excess of
Trả lời
(A)
total revenue over total expenditure
20
A business is in existence primarily to?
Trả lời
(A)
make profit
21
A number of shops under one roof is the feature of a?
Trả lời
(C)
department store
22
An agreement between two parties which will give rise to rights and obligation is known as?
Trả lời
(B)
a contract
23
Auctions and Tenders become binding when they are?
Trả lời
(A)
accepted
24
The organizing efforts of consumers to protect themselves against the unfair practices of business is called?
Trả lời
(B)
consumerism
25
Which of the following is the most suitable means of transporting bulky goods from Lagos to Kaduna? By
Trả lời
(A)
Train
26
Which of the following is the quickest and accurate means of communication?
Trả lời
(D)
Telex
27
Which of the following is the safest means of sending a postal order from Lagos to a friend in Jos?
Trả lời
(B)
Recorded delivery
28
One of the objectives of the indigenisation programme of the Federal Government of Nigeria is to?
Trả lời
(D)
maximize local retention of profits
29
The law which stipulate that labels should give an accurate account of a product is the?
Trả lời
(C)
trade description act
30
Which of the following is not an essential of a contract?
Trả lời
(C)
All contracts written out
31
One advantage of personal selling is?
Trả lời
(B)
immediate feedback
32
Charges paid by a for staying at at a port beyond agreed sailing time is called?
Trả lời
(E)
demurrage
33
Entrepot Trade refers to?
Trả lời
(E)
import for re-port
34
Which of following could account for a favourable balance of payment?
Trả lời
(D)
higher expert than imports
35
Which of the following is not part of the facilities provided by the Nigerian Ports Authority?
Trả lời
(C)
Collection of customs duties
36
The main purpose of branding is to?
Trả lời
(B)
differentiate goods from other similar goods made by other producers
37
An individual who makes the final use of goods and services provided by a firm is the?
Trả lời
(C)
consumer
38
The organization of Petroleum Exporting Countries(OPEC) is an example of a?
Trả lời
(A)
cartel
39
When a business is insolvent it may result in?
Trả lời
(C)
liquidation
40
In insurance the term Uberrimae fidei stands for?
Trả lời
(A)
utmost good faith
41
Fidelity guarantee is an insurance cover against loss arising from?
Trả lời
(C)
dishonest staff
42
Which of the following is a type of marine insurance?
Trả lời
(B)
Freight
43
The word Ltd written after the name of a company means that?
Trả lời
(C)
members are liable to the extent of their holding
44
Which of the following is not required in a Memorandum of Association? The
Trả lời
(C)
names of the Board of Directors
45
The amount paid by the insurance company to the insured upon giving up his policy is called?
Trả lời
(A)
Surrender value
46
The amount paid by the assured to the insurer is called?
Trả lời
(B)
premium
47
With the exception of life assurance and personal accident insurance, contracts of insurance are contracts of?
Trả lời
(B)
indemnity
48
An author's exclusive right to published and unpublished works is known as?
Trả lời
(C)
copyright
49
Which of the following is a function of money?
Trả lời
(C)
Standard for deferred payment
50
An overdraft is usually granted a?
Trả lời
(C)
current account holder
51
which of the following documents may be used when an importer requires a longer period of credit before settlement?
Trả lời
(E)
bill of exchange
52
the value of anything expressed in monetary terms is the?
Trả lời
(B)
price
53
which of the following is not a means of making payment to a businessman?
Trả lời
(E)
statements
54
the production of goods in anticipation of demand is made possible by?
Trả lời
(B)
warehousing
55
total sales less total returns inwards is called?
Trả lời
(E)
net sales
56
which of the following currencies does/do not belong to any country within the ECOWAS?
Trả lời
(E)
kwasha and shilling
57
which of the following is not a means of raising capital by a promoter?
Trả lời
(A)
goodwill
58
which of the following is a feature of co-operative society?
Trả lời
(D)
democratic controll and management
59
a company has recently advertised an issue of one million ordinary shares of 50kobo and 65kobo per share.wen the issue is fully paid the company will collect?
Trả lời
(C)
N650,000.00
60
which of the following is not the function of a small? retailer
Trả lời
(E)
selling in large quantities
61
a speculator in the stock exchange market who sells securities in expectation of a fall in their prices is called?
Trả lời
(C)
a bear
62
an association formed by Tyre manufacturers to safeguard and promote their interests is known as
Trả lời
(E)
trade association
63
the reward of capital is?
Trả lời
(B)
interest
64
to inform the buyer that the goods are in transit,the seller sends him?
Trả lời
(D)
an advice note
65
the main source of income for a limited liability company is?
Trả lời
(E)
share subscrptions
66
the authorised capital of a company is also referred to as it's?
Trả lời
(D)
nominal capital
67
which of the following is an aspect of the marketing concept?
Trả lời
(B)
sales orientation
68
a study to discover consumers preferences and needs is called?
Trả lời
(B)
consumer orientation
69
a partnership agreement specifying the relationship amongst partners is called?
Trả lời
(D)
partnership deed
70
management can be defined as?
Trả lời
(B)
implementation of business decisions
71
The term capital account in international trade includes?
I.foreign investment
II.long-term lending
III. short-term lending
IV.foreign exchange reserve
V.short-term borrowing.
Trả lời
(A)
I & II only
72
money spent for the day-to-day running of a business is called?
Trả lời
(B)
working capital
73
which of the following is not a fixed asset of a business?
Trả lời
(A)
sundry debtors
74
the main purpose of establishing a public corporation is to?
Trả lời
(C)
provide essential services
75
a document that regulates the internal operations of a company is known as?
Trả lời
(B)
articles of association
76
which of the following is not a reason for imposing a tariff? to
Trả lời
(C)
encourage imports
77
customs duties are?
Trả lời
(E)
import tariffs
78
which of the following documents transfers title to goods?
Trả lời
(C)
bill of lading
79
The purchase of one company by another is called?
Trả lời
(B)
merger
80
The main object of a cartel agreement is to control?
Trả lời
(A)
output to maintain price
81
Which of the following concepts is concerned with determining the business objectives and how they can be achieved?
Trả lời
(A)
Planning
82
A holding company assumes control of its subsidiaries through?
Trả lời
(C)
majority shareholding
83
The accomplishment of a good company's objective by guiding and motivating subordinates is known as?
Trả lời
(E)
Directing
84
The taking over by state of ownership and control of certain business enterprises is known as?
Trả lời
(B)
nationalization
85
The concept of marketing as a process which begins and ends with the needs and wants of the consumer rather than those of the organization is called?
Trả lời
(B)
consumer orientation
86
Which of the following is not an advantage of advertising? It
Trả lời
(D)
improves the quality of products
87
Which of the following is the acceptable classification of warehouse?
Trả lời
(E)
Private, public and bonded warehouse
88
A cheque made payable to "bearer"
Trả lời
(C)
can be negotiated for cash by any holder
89
Which of the following arguments are in favour of establishing ECOWAS? I. The countries concerned would be able to expand market beyound their territorial boundaries.
II. Currency union is the final objective of member countries
III. Capital movement is not allowed across the boundaries
IV. Free movement across the borders of members would be allowed.
Trả lời
(C)
I, II & IV only
90
Which of the following countries is not a member of ECOWAS?
Trả lời
(E)
Cameroun
91
The major dealers on stock exchange market are the?
Trả lời
(B)
jobbers
92
The selection and promotion of staff in an organization is the function of the?
Trả lời
(C)
personnel department
93
A trade document signed by a representative of the country to which goods are being sent is called?
Trả lời
(E)
consular invoice
94
Which of the following is not an element of the marketing mix?
Trả lời
(D)
Merchandising
95
Retail outlets which sell from specialized vans are?
