The goods that are used for the production of other goods are known as
3
Which of the following brings about specialization?
4
Which of the following refers to all the resources used in creating utilities?
5
Which of the following enables people to consume a variety of goods and services?
6
A business unit in which profits are shared on the basis of members' patronage is known as
7
A public limited company wishing to obtain more capital may have to
8
The safe keeping of goods from the point of production to the time they are needed is`
9
The document which regulates the operations of a partnership is known as
10
A company is said to be insolvent when
11
Which of the following is formed in order to enforce the rights and powers of buyers in relation to sellers?
12
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due What is the company's registered capital?
13
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due What is the paid up capital?
14
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due What is the called-up capital
15
Which of the following documents is used to advertise shares to the public?
16
A major advantage of the private company over a partnership is that the private company
17
Which of the following is a contract of carriage and a document of title?
18
Which of the following is not a feature of a Department Store?
19
A major cost component of running a mail order firm is the
20
A bill of exchange becomes negotiable when it is
21
What is the purpose of a debit note? To
22
Status enquiry is necessary when
23
Trade discount is given to the buyer for
24
Government can borrow money from the public through
25
Insurance is necessary because of the need to
26
Notes and coins are legal tender because they are
27
If a company is described as "listed" it means
28
The counterfoil of a cheque book enables the drawer to
29
Which of the following qualities of money is generally undermined by inflation?
30
One advantage of communication by telephone is
31
Which of the following is the fastest means of sending a document from one place to another?
32
Which of the following is a disadvantage of canal transport? it is
33
A manufacturer of machinery who wants to reduce cost of promotion can use
34
Direct selling by a producer to a consumer is possible when the
35
The task of grouping consumers according to their buying habits is known as market
36
Which of the following is not an economic grouping?
37
Business losses in nationalized industries are borne by the
38
Which of the following can be sold through a vending machine?
39
Which of the following is the most suitable channel of distribution for technical goods?
40
Which of the following implies that the price quoted includes the cost of insurance and carriage?
41
Bonded warehouses are controlled by
42
A hire purchase transaction becomes a sale when when the
43
Which of the following serves as a receipt for goods kept in a bonded warehouse?
44
Which of the following have lien on goods in their possession until their commission is paid?
45
A picture which indicates that success in life can only be achieved through the use of the product is an example of
46
A contract of sale of goods where ownership passes to the buyer on the payment of first installment is
47
Mr Ajai did not disclose that he stores drums of petrol when he took a fire insurance policy. Under which of the following principles will the insurance company reject his claims
