The organizational structure that relates the positions of specialist to the line mangers is called?
- A. line structure
- B. staff structure
- C. line and staff structure
- D. functional structure
Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication.
Which of the above is aid to trade?
- A. i, ii, iii and Viii
- B. iii, V, Vi and Viii
- C. i, ii, iii and Vi
- D. ii, V,Vi, and Vii
The document issued by the seller which gives detail of the goods he sells is known as?
- A. catalogue
- B. tender
- C. price list
- D. invoice
A bill of exchange already accepted can be discounted by the holder in?
- A. the central bank
- B. at least two banks
- C. his bank
- D. any bank
A retail cooperative society aims at?
- A. hoarding manufactured goods
- B. cutting off the profit of the middlemen
- C. lending money to members at a low interest rates
- D. encouraging members to save money
The Stock Exchange is a market where?
- A. long-term securities are sold
- B. all types of securities are sold
- C. short-term securities are sold
- D. medium-term securities are sold
Debentures differ from shares in that
- A. they are secured on the company's assets
- B. ownership is open to the public
- C. they form part of the capital of the business
- D. rewards are usually paid out of profits
The bulls and bears in the Stock Exchange market help to minimize
- A. the number of shares and bonds sold
- B. price increases of securities
- C. fluctuations in the prices os securities
- D. the elasticity of the prices of securities
The temporary insurance certificate issued to the insured before drawing up a policy is a?
- A. cover note
- B. testimonial
- C. time policy
- D. proposal form
The mode of transporting crude oil to the ports for export purposes is by
- A. tanker
- B. rail
- C. road
- D. pipeline
The type of computer commonly found in office is?
- A. laptop
- B. desktop
- C. the hybrid computer
- D. the mainframe computer
Which of the following is used to inform the addressee that a registered parcel is ready for collection?
- A. Express label
- B. Counterfoil
- C. Telegram
- D. Slip
The unit through which result of a processed data are displayed is the?
- A. logic unit
- B. display unit
- C. control unit
- D. output unit
Which of these insurance principles requires a close connection between the actual loss suffered and the risk insured?
- A. indemnity
- B. proximate cause
- C. Contribution
- D. Subrogation
the machine used for sending telex messages is known as a?
- A. radar
- B. fax machine
- C. dictaphone
- D. teleprinter
Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the?
- A. indemnity
- B. surrender value
- C. lump sum benefit
- D. insurance premium
An author’s exclusive righto his published and unpublished works is known as?
- A. authors right
- B. constitution right
- C. patent right
- D. copyright
The commercialization of public enterprises is aimed at?
- A. increasing efficiency and making the enterprises self-sufficient
- B. advertising and promoting the goods and services of the enterprises
- C. increased assistance and patronage of the enterprises by the public
- D. selling the goods and services of the enterprises
Awarding scholarships and sponsoring sports by a business organization are example of?
- A. advertising strategy
- B. economic responsibility
- C. marketing strategy
- D. social responsibility
The agency in Nigeria which ensures that products conform to government quality specifications is the?
- A. Standards Organization of Nigeria
- B. Nigerian Consumers’ Association
- C. Manufacturers’ Association of Nigeria
- D. Nigerian Chamber of commerce
A core investor in the current phase of privatization in Nigeria is one who?
- A. can afford to buy most of the shares of the enterprises
- B. will be at the core of the enterprises
- C. can mobilize foreign currency equivalent to the value of the enterprises
- D. has the technical know-how of the enterprises