What is the capital employed?
- A. N 200 000
- B. N 340 000
- C. N 170 000
- D. N 300 000
In the communication process. Y represents
- A. the encoder
- B. the medium
- C. the initator
- D. noise
Foreign trade also involves?
- A. providing services for other countries
- B. specialization and the exchange of goods in a country
- C. buying and selling within a country
- D. the exchange of goods and services between firms
The role of a wholesaler in the channel of distribution is to?
- A. produce goods in large quantities and sell in small quantities
- B. buy goods directly from the manufacturers
- C. buy goods in large quantities and sell in small quantities
- D. sell goods directly to the consumers
In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as?
- A. counter trade
- B. balance of trade
- C. balance of payments
- D. terms of trade
The documents used in the purchase and sale of goods which contain other terms of trade are?
- A. debit note and credit note
- B. delivery note and advice nopt
- C. invoice and order
- D. quotation and invoice
An objective of the farmers’ association is to?
- A. ensure that the prices of goods are fair and reasonable
- B. correct the imbalance between consumers and producers
- C. improve the methods of selling and advertising
- D. provide a stable market outlet for farm inputs
A shop which consist of many stores trading under a single roof and which stocks varieties of goods with each unit having its own head is a?
- A. mulitple shop
- B. supermarket
- C. superstore
- D. departmental store
The Customs and Excise Department is responsible for the the collection of?
- A. royalties
- B. tariffs
- C. taxes
- D. charges
The major types of warehouse are?
- A. manufacturer, bonded, departemental and private
- B. bonded, public, coldroom and private
- C. manufacturer, bonded, public and departmental
- D. wholesaler, manufacturer, public and bonded
Consumerism aims at protecting the consumer from?
- A. harmful products
- B. drug addiction
- C. smoking cigarettes
- D. alcohol consumption
Hire purchase is beneficial to the seller because?
- A. it enhances his living standard
- B. it increases his turnover
- C. people pay instalmentally
- D. of the patronage he enjoys
A trade association consists of members engaged in the same trade while a chamber of commerce is?
- A. highly regulated by a governent agency
- B. not restricted on a particular industry
- C. made up of members that are registered
- D. made up of firms in the banking industry
The members of ECOWAS include?
- A. Nigeria, Chad, Gabon and Cape Verde
- B. Burkina Faso, Nigeria and Ghana, Algeria
- C. Guinea, Mali, Cameroun and Nigeria
- D. Togo, Niger, Nigeria and Ghana
The most important advantage of privatization is the enhancement of?
- A. liquidity
- B. accountantability
- C. profitability
- D. efficiency
When one person approves an act previously done by another in the former’s name without authority, this is known as?
- A. ratification
- B. estoppel
- C. illegality
- D. misrepresentation
Safeguarding the health of the nation’ is the slogan used by?
- A. NDLEA
- B. NHIS
- C. NAFDAC
- D. EPL
In Nigeria, the main source of pollution is?
- A. domestic waste
- B. oganic waste
- C. gas flaring
- D. industral waste
The headquarters of the lake Chad Basin Commission is in?
- A. Niamey
- B. N'Djamena
- C. Abuja
- D. Lagos
A protection right which can be reviewed or renewed after seven years is known as?
- A. patent
- B. design
- C. registration name
- D. trade mark