43
The object of the business are determined by the
- A. workers
- B. government
- C. society
- D. promoters
44
The main purpose of insurance is to
- A. encourage business to surviveand grow
- B. ensures that facilities are available for operators
- C. accepts risk s and extend credit to policy holders
- D. spread individual losses ove all covered participants
45
The person who undertakes any risk in insurance business is known as
- A. a broker
- B. an underwriter
- C. an insurer
- D. an actuary
46
The mode of transportation that is noted for on time dependability and low cost peer unit on gods carried is?
- A. pipe line
- B. air
- C. rail
- D. road
47
An example of indirect service is rendered by
- A. civil servants
- B. family doctors
- C. household servant
- D. entertainers
48
Transport, retailing and wholesaling industries rely heavily on
- A. banking
- B. insurance
- C. manufacturing
- D. railway
49
A royal charter was granted to the Royal Niger Company to do business in Nigeria in
- A. December 1888
- B. May 1887
- C. July 1886
- D. August 1885
50
Which of the following are the components of commerce?
I Trading and advertising
II Warehousing and transportation
III Packaging and branding
IV Insurance and banking
- A. I and II
- B. I and III
- C. I, II and IV
- D. II, III and IV