Who among the following is not engaged in a commercial occupation
6
On which of the following grounds may a company be compulsorily wound up?
7
The management and control of co-operative societies are in the hands of the
8
Key industries and those requiring huge capital are usually established as
9
Movement of commercial vehicles in Nigeria is controlled by the
10
The reward of entrepreneurship as a factor of production is
11
A document issued to a buyer showing the quantity description and prices of goods bought is called
12
Which of the following describes the marketing mix?
13
Which of the following is not a negotiable instrument?
14
Which of the following is not a function of the Nigerian Airport Authority?
15
Another name for a foreign order is
16
An agreement to deliver goods in the future after payment of the final installment is known as?
17
Which of the following is a pre-sales service to the consumer?
18
Rate of stock turnover is calculated to determine
19
Which of the following is not a feature of hire purchase?
20
Which of the following is not connected with after-sales services?
21
Credit in business transaction is?
22
Which of the following is true of rail transport?
23
Which of the following is not a means of controlling credit by the Central Bank?
24
Which of the following is not a function of Development Banks?
25
Which of the following is an example of insurable risk?
26
If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of
27
Which of the following shows the quality of money
28
The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a
29
An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as
30
The insurance policy against claims from customers who might be injured within the business premises is called
31
An offer of new shares made to existing shareholders at a preferential price is called?
32
A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his
33
New shares are offered for sale to the public through
34
Cash-in-hand and at bank as well as debtors are examples of
35
Money spent on acquiring vehicles, furniture and fittings by a manufacturing company is termed
36
Small ships which are used to carry goods and passengers across rivers or canals called
37
Which of the following would best be conveyed by rail transport
38
Gases are best transported
39
Speed is an important consideration for choice of a means of transport where goods are
40
Which of the following facilities is very useful to an organization that posts a large number of mails regularly?
41
Which of the following defines communication in commerce?
42
Contraband goods seized by the Customs and Excise Authority are kept in the
43
Business activities responsible for identifying, anticipating and satisfying customer's requirements profitably are called
44
Which of the following is a demerit of advertising?
45
Which of the following s a form of public relations?
46
When a firm sets a low price for new product, this is said to be
47
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount. The #8,000 for the sale is
48
Ola presented his motor-cycle for sale to Musa at a cost of #8,000. Musa agreed and bought the vehicle at the same amount. Ola is the
49
When an acceptance to an offer is conditional, the offer becomes
50
A mercantile agent having title to goods in his possession is known as
51
A transporter who had to sell some perishable goods without the authority of the owner becomes an agent by
52
A contract to take possession of goods on installment payment with the option to transfer ownership after full payment is known as
53
Which of the following brings a public corporation into existence
54
The set of actions of governments, and other organized bodies in response to users' complaints about goods and services is known as
55
The words "Account payee only" on a cheque means
56
An association of small scale retailers formed to to encourage bulk buying from manufacturers is known as a
57
The agency in Nigeria which ensures that products conform to government specifications and quality control is the
58
The management of a company with a view to ending its operation is known as
59
Any action taken by a company outside its stated objectives is regarded as
60
Measuring performance against the set objectives is a management function that relates to
61
The setting of objectives and determination of the best way to achieve them are known as
62
When a company sells its shares to an issuing house which later sells to the public, it is called
63
When an industry formerly owned by individuals is taken over by the government, such an industry becomes
64
The major aim of indigenization is to
65
Which of the following specializes in granting loans to distressed economies?
66
Which of the following is not a problem of ECOWAS?
67
Which of the following facilitates settlement for sub-regional indebtedness?
68
Which of the following is not an economic grouping?
69
The dealers who buy and sell stocks and shares in their own name are called
70
The amount which the insured pays the insurer periodically is
71
At what stage is acceptance of offer by post valid? When the letter is
72
The capital of a company indicated in the Memorandum of Association is known as
73
Which of the following is not a means of water transport?
74
An agency that is involved in moving goods or people from place to place for a fee is called
75
Which of the following guides the operations of a Partnership?
76
A partner who contributes to the capital but does not take part in running the business is known as
77
Which of the following assists a Nigerian producer to participate in trade fairs and exhibitions abroad?
78
One way of importing goods without the use of foreign exchange is through
79
Balance of trade is said to be favourable when
80
The basic principles upon which International Trade is carried on among countries is
81
A supplier who needs to make additional charges for goods delivered will send
82
Gross profit is correctly ascertained by
83
The returns from capital investment are known as
84
The total asset of business minus its total liability is the
85
The production process is completed when what is produced
86
Which of the following has no legal capacity to a contract
87
Which of the following is a disadvantage of road transport?
88
A speculator who applies for new stocks and shares with the intention of selling them them at higher price is a
89
The Third Party Motor Vehicle Insurance Policy covers damages
90
Which of the following is not a method of selling
91
Price lists, catalogues and COD are mainly used in operating
92
The time allowed for unloading and loading ships is referred to as
93
XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent. XYZ Ltd's profit is
94
XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent. XYZ Ltd's Net Profit is
95
In the capital structure of a Public Limited Company, the term equity refers to
96
Which of the following is legally used by the insured while the policy is being processed?
97
Which of the following guarantees payment on presentation?
98
One advantage of direct selling is
99
Which of the following is not a business resource?
100
Penalty imposed by a ship owner for exceeding the period charter is
101
A symbol that is used to distinguish a company's product from others is a
102
Which of the following is not true of air transport?
