Personnel activities that promote the general image of an organization are part of
- A. advertising
- B. sales promotion
- C. public relations
- D. business correspondence
The oral presentation iv a conversation with one or more prospective buyers for the purpose of making sales is
- A. branding of goods
- B. personal selling
- C. packaging
- D. publicity
Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting?
- A. market skimming
- B. market penetration
- C. product live promotion
- D. above the market pricing
An underlined principle in the marketing of goods is that firms should
- A. Train their personnel
- B. be consumers oriented
- C. advertise the goods
- D. sell through outlets
(i) Companies must be registered as private limited liability companies. (ii)Companies must not have less than 100 shareholders (iii) No shareholder may have more than 75% of issued shared capital. What of the above are requirements for admission into the second-tier securities market?
- A. i and ii only.
- B. i and iii only
- C. i, ii and iii only
- D. ii and iii only.
The type of securities that the stock exchange deals with are
- A. warrants, currency notes, money orders and postal orders
- B. cheques, bankdrafts , warrants and promissory notes
- C. bonds ivory, treasure bills, debentures and warrants
- D. stocks, shares, bonds and warrants.
The assets, liabilities and general management of a distressed bank may be taken over by?
- A. International Bank for Reconstruction and development
- B. Nigeria Industrial Development Bank
- C. Nigeria Banks Deposit Insurance corporation
- D. Nigeria Bank for Commerce and Industry
The most important difference between community banks and peoples’ bank is that the?
- A. latter is owned solely by government while the former are not
- B. former cater for ruler dwellers while the latter cater for both rural and urban dwellers
- C. former are service oriented while the latter are profit oriented
- D. latter advances loans to the public while former advance loans to the rural dwellers only.
Insurance companies operate on the principal of indemnity. This means that an insured person or firm collector
- A. Only half of the loss suffered
- B. double the value of the losses suffered
- C. the total sum of the premium paid prior to the loss
- D. damage claims equal to the loss suffered.
the two main categories under which marine losses fall into are?
- A. particular loss and average loss
- B. actual loss and average loss
- C. total loss and partial loss
- D. voyage policy loss and time policy loss
The document with which a manufacturing enterprises releases stock
Of raw materials to the factory for product is called?
- A. stock releases form
- B. goods received note
- C. stock issues voucher
- D. materials release note
When a price is quoted at F.O.B. it means that the price?
- A. excludes loading charges incurred in bringing the goods to port of destinction
- B. exclude all necessary shipping charges payable for insurrance
- C. includes all charges payable on shipping a consignment to the port destination
- D. includes charges payable for for loading goods onto the ship
Enter pot trade is said to have taken place when goods are?
- A. held at the port payment of custom duty
- B. sold in the ship under special regulation
- C. imported and then re-export
- D. kept for further processing before sales
What document is required when a country imposes ad valorem import duties on goods?
- A. A mail transfer
- B. A shipping note
- C. A billb of lading
- D. A consular invoice
A machine which enable s sales without the physical presence of a sales attendant is a
- A. computer machine
- B. vending machine
- C. telex machine
- D. fax machine
If a firm’s turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?
- A. 23.3%
- B. 33.3%
- C. 50.0%
- D. 66.6%
The form of capital which is easily transferred into the form desired is known as?
- A. working capital
- B. liquid capital
- C. circulating capital
- D. capital employed
Use the information above to answer this question
What is the ratio?
- A. 2.95:1
- B. 4.25:1
- C. 4.75:1
- D. 5,55:1
Use the information Above to answer this question
What is the current ratio?
- A. 4:1
- B. 4.5:1
- C. 5:1
- D. 25.5:1
A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm’s common stock is known the?
- A. pre-emptive right
- B. shareholders right
- C. ex-dividend right
- D. over-subscription right
Which of the following statement is true of preferred stockholders?
- A. They have no voting rights at annual general meetings
- B. They first claim company asset before creditors
- C. The have first claim to company asset after all debts have been settled
- D. They share dividends equally with common shareholders