A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?
- A. N60,000
- B. N36,000
- C. N54,000
- D. N90,000
An arrangement by independent firms to share the market of their products on quota basis is referred to as?
- A. trust
- B. integration
- C. syndicate
- D. cartel
One of the main features of a partnership is?
- A. limited liability
- B. lack of corporate existence
- C. unlimited membership
- D. lack of utual confidence
The warehouse that is owned and controlled by the government is a?
- A. wholesalers' warehouse
- B. public warehouse
- C. state warehouse
- D. manufaturers' warehouse
A major hindrance to tourism growth in Nigeria is?
- A. absence of genunie tour operators
- B. lack of tourism master plan
- C. inadequate tourist centres
- D. non-compliance to immigration laws
An agent who brings a customer into business contact with his principle is known as?
- A. a del credere agent
- B. an auctioneer
- C. a factor
- D. a broker
A businessman who undertakes the hull insurance policy is aiming at?
- A. concerting losses on damages to the cargo
- B. protecting injured crew in the ship
- C. averting payment of the freight
- D. covering damages to the body of the ship
The best mode of ensuring that items posted got to the named address through?
- A. recorded delivery
- B. registered mail
- C. certificate of posting
- D. express mail
One of the merits of television as a medium of of advertising is that it?
- A. is prone to censorship
- B. is relatively cheap
- C. has more sensory stimulation
- D. has more network coverage
A process of creating more market for a product is through?
- A. consumerism
- B. marketing
- C. advertising
- D. reponsitioning
Selling goods in foreign countries at price below their marginal cost is?
- A. dumping
- B. depreciation
- C. devaluation
- D. discounting
The details of the goods require by the the purchaser is outlined in?
- A. a consular invoice
- B. an indent
- C. an invoice
- D. a certificateof orign
The document issued to a port authority when goods are deposited is a?
- A. dock landing account
- B. bill of sight
- C. bill of lading
- D. dock warrant
Entrepot trade usually occurs in?
- A. exchanging goods within a nation
- B. exchanging goods among countries
- C. importing goods to be re-exproted
- D. exproting goods to be re-imported
The document that gives an importer a freehand to obtain goods from any manufacturer is?
- A. a consular invoice
- B. a closed indents
- C. an open indent
- D. a freight note
The comparison of a country’s visible and invisible exports and imports expressed in monetary term is?
- A. balance of payment
- B. terms of trade
- C. balance of trade
- D. terms of payment
The activity which entails buying of goods in bulk and selling in small quantities to retailers is?
- A. assembling
- B. wholesaling
- C. retailing
- D. merchandising
A trend in retailing which enables consumers to have free access to different products is?
- A. after-sales services
- B. branding
- C. self-services
- D. vending machine
After-sales service is a function usually rendered by?
- A. a retailer
- B. a wholesaler
- C. an agent
- D. an enterpreneur
A worker who process rice is engaged in?
- A. constructive activity
- B. comercial activity
- C. extractive activity
- D. manufacturing activity
Division of labour ultimately leads to?
- A. conservation
- B. intergration
- C. specialization
- D. repetition