One of the main obstacles of establishing the Niger River Basin Commission was to?
- A. embark on a comprehensive survey of the available water resources
- B. carry research for the development of fresh water fisheries
- C. develop infrastructure to facilitate economic activities
- D. promotes trade among member-state to improve standards of living
One of the obstacles to achieving the objectives of ECOWAS is?
- A. lack of a common currency
- B. colonial linkages
- C. sovereignty of states
- D. language differences
proper disposal of waste by business firms is one way of discharging their?
- A. responsibility to government
- B. environmental responsibility
- C. community responsibility
- D. responsibility to customers
In the line type of organizational structure,
- A. the lines of authority are vertical
- B. there is the application of division of labour
- C. specialization is carried to a maximum degree
- D. the lines of authority are horizontal
A function organization structure is where?
- A. staff performing the same functions are grouped together
- B. department performing similar functions grouped together
- C. activities of similar nature are grouped together
- D. staff performing similar functions are grouped together
Departmentalization is an aspect of?
- A. planing
- B. organising
- C. directing
- D. controlling
One of the major function of a chamber of commerce is to
- A. promotes and protect trade, industry and agriculture
- B. advise members on regulations of other countries
- C. settle disputes that arise out of trade
- D. publish books and periodical desired by members
One way government reduces the repatriation of capital is through
- A. nationalization
- B. divestiture
- C. indidenization
- D. naturalization
The maximum number of shareholders in a public liability company is?
- A. twenty
- B. fifty
- C. one hundred
- D. unlimited
Who is the offeree in this contract ?
- A. Musa
- B. Audu
- C. Adamu
- D. Jacob
Who is the offeree in this contract ?
- A. Musa
- B. Audu
- C. Adamu
- D. Jacob
Use the information below to answer question 40 and 41.
Musa rented a room to adamu for N1,500 and N1,000 part-payment was made. Adamu brought Audu and Jacob his friends to stay in the room.
The two friends later paid balance of N500 to Musa.
Who are the parties to the contract of renting the room?
- A. Musa and Jacob
- B. Musa and Audu
- C. Adamu and Musa
- D. Audu and Jacob
Use the information below to answer these questions.
Companies i, ii, iii and iv produce and sell electronic videos.
Company i, sells video for N14,000 each and offers advice on how to fix and operate them .
Company ii, sells at N14,000 and its representatives go to install at no additional cost.
Company iii, sells at N15,500 and offers credit sales at N15,000 each.
Which of these companies offers after-sales services?
- A. iv
- B. iii
- C. ii
- D. i
Use the information below to answer these questions.
Companies i, ii, iii and iv produce and sell electronic videos.
Company i, sells video for N14,000 each and offers advice on how to fix and operate them .
Company ii, sells at N14,000 and its representatives go to install at no additional cost.
Company iii, sells at N15,500 and offers credit sales at N15,000 each.
Which of these companies are more engaged in public activities?
- A. i and ii
- B. i and iii
- C. ii and iv
- D. iii and iv
The most effective type of advertising for branded product is?
- A. direct advertising
- B. Indirect advertising
- C. informative advertising
- D. competitive advertising
The activities aimed at finding out customers’ needs and satisfaction can be described as?
- A. social-marketing
- B. macro-marketing
- C. micro-marketing
- D. conceptual marketing
One of the main objectives of the Second-tier Securities Market in Nigeria is to
- A. achieved a realistic exchange rate for the naira
- B. eliminate currency dealings in the black market
- C. assist companies to raise capital
- D. attract investment flow
The main factors that determine the value of a stock on the stock Exchange are dividend and
- A. the psychology of the market
- B. capital gain
- C. capital appreciation
- D. warrant payment
The Nigerian Stock Exchange publishes a daily official list that gives full information on the?
- A. method of transation agreed to by members
- B. number of participating members in a day
- C. changes in the prices and earnings of securities
- D. changes in the official rules set by the market
One major characteristic of credit unions and thrift societies is that?
- A. the legal processes involved in their formation are rigid
- B. membership is compulsory to people in the same line of business
- C. the contribution of every member depends on the member's ability
- D. a minimum of ten people in the same line of business can form the union
The significance of money to modern economic system is that it?
- A. is used as a means of payment
- B. promotes specialization and exchange
- C. measures value and promotes exchange
- D. causes inflation in the economy