The development of trade in West Africa was aided by the
2
An issuing house is an outlet for
3
Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?
4
The relationship between all imports and exports of a country is known as
5
Which of the following is an example of large-scale retailing?
6
A cheque drawn by a bank on itself is a/an
7
A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a
8
Those who are engaged in the distribution of goods belong to
9
When an insurance policy is declared void because of a false declaration ; the principle involved is
10
Buildings and machinery used in the running of a business are examples of
11
Which of the following is classified as invisible item in balance of payment?
12
Collecting information on the taste of consumers and the extent of demand for a product is
13
Which of the following is not an insurance of indemnity
14
The entitlement of a debenture holder from a company's income is known as
15
The collection of tariffs on imported goods is the function of
16
A licensed person who is authorized to sell to the highest bidder is
17
An efficient transport system enables a trader to
18
The Central Bank's monetary policy instrument by which it buys and sells treasury bills is known as
19
Which of the following acted as the central bank for West African countries before their independence?
20
Current account holders withdraw money by means of
21
Which of the following is a feature of mail order business?
22
Bonded warehouse is a place where
23
Which of the following is concerned with promoting favorable image of an organization?
24
The document issued by the registrar of companies to permit a public limited company to commence business is
25
Which of the following is not an economic grouping
26
One of the principles of insurance is
27
A written instruction by a current account holder to his bank to debit his account at regular intervals with a specified amount for a given period is known as
28
A collective bundle of shares is called?
29
The assets of a business that is available for cash or near cash is called
30
The bank on which a cheque is drawn is known as the
31
A percentage reduction from the quoted price of goods given to a buyer to encourage bulk purchase is called
32
The difference between the cost price and selling price of an article is
33
A ceiling on the quantity of commodity to be imported into the country is called
34
The buyer in a hire purchase contract becomes the legal owner of the goods by paying
35
The document which helps in ascertaining the correct value of imports in order to assess the custom duty is
36
The combination of product, price, promotion and distribution decisions employed by a company is referred to as
37
The document which specifies the manufacturer from whom goods are to be imported is
38
Who among the following generally has no capacity to enter into a valid contract
39
The satisfaction of customers in all business activities is emphasized by
40
The document which is used when a country imposes ad valorem duties is
41
An activity involving buying, selling, distribution of goods and services is known as
42
Which of the following arrangement of documents is the correct sequence as used in the retail trade? i. Quotation ii. Enquiry iii.Order iv Invoice
43
Mr Lou who assured his life with XYZ Assurance Company, was involved in an accident and had a broken leg; the sum of #80,000 was paid to Mr Lou for his broken leg. The money received is known as
44
The size of of profit of a business is measured by the
45
Industrial occupation does not involve the
46
The abbreviation E & O.E. on an invoice seeks to
47
The functions of credit and thrift society does not include
48
Throwing cargo overboard in order to save a ship from sinking is
49
The document in which full details of goods and the ship carrying the goods are contained is known as
