The financial instrument that entitles the holder to receive dividend and capital gains is a?
- A. share
- B. bond
- C. bill of exchange
- D. treasury bill
The type of partnership in which all partners are jointly liable in bearing risk is?
- A. limited partnership
- B. partnership-at-will
- C. ordinary partnership
- D. industral partnership
Partnerships are most effective where?
- A. the partners are family friends
- B. professionals are involved
- C. members can easily raise enough capital
- D. government regulations are favorable
In a public limited liability company, planning is carried out by?
- A. the chairman of the board
- B. the board of directors
- C. shareholders
- D. employees
One of the major problems of a sole proprietor is sourcing for?
- A. raw materials
- B. labour
- C. machineries
- D. funds
Warehousing is important to manufacturers because it helps to?
- A. improve the quality of goods
- B. produce goods in advance
- C. meet the demand of customers
- D. determine input rquirements
One major advantage of transportation to a business is to?
- A. extend the firm's market coverage
- B. ensure that goods are produced faster
- C. procure raw materials cheaply
- D. ensure the quality of products
The most important reason for the existence of insurance business is to?
- A. prevent the occurrence of any loss
- B. spread losses to all covered participants
- C. provide for the replacement of facilities
- D. encourage individuals to save
A risk that can be estimated and calculated to be compensation is?
- A. a delivery risk
- B. an insurable risk
- C. a credit risk
- D. a systematic risk
The principle of insurance which entitles an insurance company to take any advantage due to the insured after full indemnity is?
- A. contribution
- B. subrogation
- C. promiate cause
- D. utmost good faith
The transmission of telephone services from one country to another is facilitated by?
- A. communication satelite
- B. international facility
- C. interconnectivity
- D. internet services
In which of the following will the numbers of words used determine the cost of the message sent?
- A. Telephone
- B. Telegram
- C. E-mail
- D. Telex
The central bank differs from commercial banks because it?
- A. renders service to customers
- B. carries out foreign exchange transactions
- C. issues currencies
- D. discount bills
One of the facilities enjoyed by a current account holder is?
- A. a dividend
- B. a bonus
- C. an overdraft
- D. interest on deposits
A collective term for advertising, personal selling and publicity is?
- A. exhibition
- B. promotion
- C. trade fair
- D. merchandizing
Billboards and posters are forms of?
- A. electronic media
- B. print media
- C. outdoor media
- D. window display media
A cheque which a bank draws on its own funds is a?
- A. bankdraft
- B. cashier's cheque
- C. bank cheque
- D. crossed cheque
If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?
- A. N56 250
- B. N43 750
- C. N43 250
- D. N6250
The term free on board means that the price includes?
- A. costs and insurance only
- B. costs and freight only
- C. freight and insurance only
- D. costs, insurance and freight
The most commonly used commercial documents are?
- A. order notes, debit notes, invoices and quotations
- B. letters of enquiry, consignment notes, receipts and invoices
- C. credit notes, statement of accounts, depatch order and bills
- D. balance sheet, receipts, invoices and manifest
An artificial barrier to international trade is?
- A. political unrest
- B. culture of the people
- C. units of measurement
- D. custom duties