The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a
- A. improved exchange
- B. enhanced trade
- C. enhance development
- D. improved relations
Which of the following group of countries are members of the Niger Basin Commission?
- A. The republic of Guinea, Burkina Faso and Nigeria
- B. Ghana, liberia, and the republic of Benin
- C. Mali, Liberia and Nigeria
- D. Ghana , Burkina Faso and Chad
The right of the public to protection against questionable products and marketing practices is
- A. an economic aspect of the business
- B. a social responsibility of business
- C. a legal aspect of the business
- D. a political aspect of the business
Which of these sets of external environmental factors affects a business operation?
- A. Competition, industry operation
- B. Competition, labour and political
- C. Political, cultural and labour
- D. Economic, social and legal
The main thrust of government policy of evolving good business environment in Nigeria is the need
- A. to attract local and foreign investors
- B. for more export commodities
- C. for consumer oriented products
- D. to have viable local markets
Under what management function would the motivation employees fall?
- A. Staffing
- B. Controlling
- C. Organizing
- D. Directing
(i)Money and machines (ii) Materials and Money (iii)Market and Man.
Which combination of the above are basic requirement as business resource?
- A. i and ii
- B. ii and iii
- C. i and iv
- D. ii and iv
The line function in a typical manufacturing enterprise is normally performed by the
- A. public relations department
- B. estate or properties department
- C. marketing department
- D. legal department
Staff position in an organization borders on
- A. authority
- B. advice
- C. responsibility
- D. control
One major disadvantage of a cartel is that it
- A. maximizes productive efficiency
- B. brings the merging firms under control
- C. maximizes profit from operation
- D. eliminate competitions and waste
In every simple contract, the price which is paid to purchase a promise is called
- A. offeree
- B. acceptance
- C. consideration
- D. representation
In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is
- A. lawful to both
- B. unlawful to both
- C. beneficial to both
- D. detrimental to both
Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P’S duty to
- A. remunerate Q
- B. reply Q
- C. indemnify Q
- D. settle Q
The process of bringing a company under exclusive state ownership and control is know as
- A. nationalization
- B. commercialization
- C. indigenization
- D. privatization
Adigun displays goods of different makes on shelves in his supermarket. This is an example of
- A. invitation to treat
- B. offer to sell
- C. offer to purchase
- D. invitation to sell
The focal point of the marketing efforts is the`
- A. seller
- B. profit
- C. product
- D. buyer
The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called
- A. simplification
- B. standardization
- C. specialization
- D. satisficing
The main role of advertising is to
- A. convince prospective buyers to buy
- B. show the actual shape, form and colour of the products
- C. inform people where to obtain goods and services
- D. captured the attention of people
Modern business philosophy emphasizes
- A. quality products
- B. customer satisfaction
- C. sales volume
- D. public relations
A wholesaler dealer in securities is known as a
- A. stockborker
- B. speculator
- C. jobber
- D. stag
The forum for the selling and of buying of securities of small and medium companies is called
- A. Second Tier Foreign Exchange Market
- B. Foreign Exchange Market
- C. Securities and Exchange Commission
- D. Second Tier Securities