Which of the following is not the duty of an entrepreneur?
2
The difference between the total amount of money received by a country and the total amount paid to other countries within a given period is the
3
Which of the following is used to transmit typed messages over long distances?
4
When a company buys up firms supplying it with raw materials, this is an example of
5
Industrial, commercial and direct services are branches of
6
The primary purpose of credit cards is to
7
Containers are suitable for transporting goods by
8
Which of the following is not a credit instrument used in business transactions?
9
An insurance company shares its accepted risk with others in the form of
10
Which of the following stresses the use of only specialists to head departments?
11
The process of involving local businessmen in the ownership and control of businesses that were formerly owned by foreigners is called
12
Which of the following functions is not performed by retailers?
13
Which of these management functions involves checking performance against set standards?
14
The form given by the Customs Authority to enable an importer examine goods before the arrival of the bill of lading is known as
15
An organization that builds access roads for the benefit of the community in which it is located has fulfilled its
16
Which of the following is applicable to foreign trade only?
17
The department that deals with internal grievances and maintenance of discipline in an organization is the
18
Another name for consignment note is
19
Specialization is possible as a result of
20
Which of the following may serve as delivery note?
21
Mr Chidi insured his house against fire. The house was destroyed by flood. Which of the following principles prevented him from being compensated?
22
The price charged for leasing a ship is known as
23
Goods in bonded warehouses are under the strict supervision of the
24
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
25
Which of the following is drawn up as a guide to the running of a Partnership?
26
The law governing the operations of companies and partnership in Nigeria is the
27
Which of the following is a non-indemnity insurance?
28
The document issued to a newly formed public company to commence business is called the
29
Small scale retail attracts a lot of new enterpreneurs in West Africa because
30
In marine insurance, the deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of
31
Tax levied on goods at each stage of their movement from production to the final consumer is known as
32
An association of businessmen engaged in both commerce and industry is called
33
When the government decides to run a statutory corporation as a profit-oriented enterprise, this is known as
34
The primary aim of commerce is to
35
Which of the following is has a fixed rate of dividend?
36
Which of the following is not a barrier to the smooth functioning of ECOWAS?
37
The capital market is a market
38
Which of the following is primarily established to promote the growth of industry in Nigeria?
39
Another name for sea taxi is
40
Contracts for the carriage of goods by sea are generally called
41
A nation's earnings from tourism are classified as
42
An association of employees in an organization is called a
43
A firm that accepts a portion of the risk involved in an insurance contract is
44
Musa places the bicycle for sale at #800.00 and Dada had agreed to pay the amount. In this transaction, Musa is the
45
When goods are sent through an independent carrier, the document used by the sender is
46
Which of the following may not be considered when choosing an appropriate channel of distribution for a new product?
47
Which of the following may be used to restrict imports? i. Bill of lading ii. Specific Licenses iii.Foreign exchange rationing iv. Letters of credit v.Customs duties and tariffs
48
Which of the following is not a reason for dishonoring a cheque?
49
Which of the following is not true of a private limited company?
50
A retail co-operative society aims at
51
The value of a product expressed in monetary terms is known as
52
Which of the following is not true of franking machines ?
53
Which of the following is suitable for transporting fish a long distance?
54
Which of the following is not an element of a contract?
55
Which of the following is an advantage of personal selling?
56
A partner who does not play an active role in a business but contributes capital is a
57
Which of the following is not included in the Memorandum of Association?
58
Which of the following is not a source of capital?
59
The contract between ship owners and hires whereby the hires take full control of the ship is called?
60
Which of the following does not aim at protecting the customer?
61
Which of the following activities makes the consumer its focus in decision making?
62
Which of the following is a direct service?
63
Which of the following is a disadvantage of foreign trade?
64
An agreement that is enforceable in law is called?
65
A document signed by a customs officer of the exporting country to confirm the country of export of the goods is
66
For which of the following reasons would a seller not issue a credit note to a customer? If
67
A statement of account is a
68
Management is
69
The sum of money the assurer is prepared to pay the assured in total discharge of a contract before its maturity is
70
Which of the following services is not rendered by NIPOST
71
Which of the following functions may not be performed by a whole saler?
72
The commercial term "Caveat emptor" means, Let the
73
Which of the following is not a business resource?
74
In which of the following business units are the owners mostly the customers?
75
Which of the following is not a way of raising capital for business?
76
In a business environment, which of the following variables can a business man conveniently control?
77
Which of the following is not a reason for imposing import duties? To
78
The face to face contact between sellers and buyers with the aim of selling a product is known as
79
Which of the following is the main tool of mass selling
80
The allowance given to a retailer to enable him make a profit is known as
81
One of the features of a supermarket is
82
A group of public limited companies that commonly own a joint venture is known as
83
Which of the following clearly defines business?
84
Which of the following ensures that the quality of a product is maintained?
85
Which of the following will enable customs officers to correctly assess import duties on goods?
86
An insurance policy which benefits one's family only is in the event of one's death is known as
87
One of the demerits of sole trading is
88
A group of people in the same line of business who come together for the interest of its members is called
89
A foreign order which instructs an agent to buy certain goods at a particular place called
90
The shares of XYZ Plc are quoted at the stock exchange by a jobber at 85k for k share. How much will Alabi, an investor who buys 500 shares pay?
91
An agent who guarantees payments for goods sold is
92
Dumping means selling goods abroad
93
Which of the following are functions of marketing?
