A feature common to privatization and commercialization is?
- A. profit-making
- B. credit sales
- C. market expansion
- D. price increases
The safety and quality of products are the social responsibility of?
- A. the Standards Organization of Nigeria
- B. the Manufacturers' Association of Nigeria
- C. the Corporate Affairs Commission
- D. business organizations
A liquidator’s fee is to be charged to the?
- A. realization account
- B. trading account
- C. revaluation account
- D. reconstruction account
Materials used for further production of goods and services are known as?
- A. export goods
- B. intermediate goods
- C. capital goods
- D. consumer goods
The difference between a private and public limited liability company is that the former?
- A. is unable to offer shares to the public
- B. is unable to declare and pay dividend
- C. has a higher number of shareholders
- D. pays higher salaries to its managers
The development of commerce resulted from?
- A. trading
- B. competition
- C. importation
- D. specialization
i. Wholesaler
ii. Fishing
iii. Canning
iv. Retailing
The sequence in which the occupational activities above are performed is?
- A. iii, ii, i and iv
- B. iii, i, iv and ii
- C. i, ii, iii and iv
- D. ii, iii, i and iv
Capital to a business is technically?
- A. an expense
- B. availiability of local market
- C. an assets
- D. a porfit
The factor which critically determines the choice of occupation is?
- A. training
- B. skill
- C. interest
- D. apititude
The conversion of raw materials into finished products creates?
- A. form utility
- B. marginal utility
- C. place utility
- D. time utility
A current account is beneficial to its holder as?
- A. cheques can be issued to anybody
- B. customers cannot withdraw frequently
- C. it is only the holder that can make withdrawals
- D. it allows customers the use of passbooks
A financial institution which uses its capital strength to acquire controlling interests in other firms can be regarded as a?
- A. subsidiary company
- B. holding company
- C. trusth
- D. cartel
Trading on the stock exchange in anticipation of price change in the market value of shares is?
- A. speculation
- B. forecasting
- C. expectation
- D. projection
Which of the following is a development bank in Nigeria?
- A. Union Bank Plc
- B. First Bank Plc
- C. First City Monument Bank
- D. Federal Mortgage Bank
The main requirement for admission to the second-tier securities markets is the?
- A. provision of a three-year trading record
- B. disclosure of all trading activities
- C. creation of a good atmosphere for growth and development
- D. guranteeing dividends to shareholders
A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share.
If the shares were fully subscribed, calculate the issued capital?
- A. N4 000 000
- B. N2 000 000
- C. N1 000 000
- D. 500 000
A bond which attracts only interest but leaves the capital unpaid is referred to as?
- A. a long-term loan
- B. a develoment bond
- C. a redeemable bond
- D. an irredeemable bond
A seller attracts and retains patronage by?
- A. enhancing public relationship
- B. enhance sales promotion
- C. rendering pre-sales services
- D. rendering customer service
The limit of functions, activities and personnel that a supervisor can effectively manage in a business organization is?
- A. span of control
- B. delegation of authority
- C. chain of command
- D. authority and rsesponsibility
An aspect of marketing that stimulates buying by providing free gifts is?
- A. advertising
- B. personal selling
- C. publicity
- D. sales promotion
The setting of objectives for an organization and determining how to accomplish them is?
- A. social responsibility
- B. planning
- C. organizing
- D. decision-making