Marketing differs from selling in that,the latter only creates
- A. possession utility
- B. marginal utility
- C. form utility
- D. place utility
The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is
- A. span of control
- B. unity of command
- C. scalar chain
- D. unity of direction
Which of the following regulates and controls the activities in the Nigerian Stock Exchange?
- A. BPE
- B. SEC
- C. NDIC
- D. CBN
The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is
- A. arbitage
- B. franco
- C. contango
- D. backwardation
Cum div differs from ex div in that, the later
- A. entitles the purchaser to recieve a company's current dividend
- B. entitles the vendor to recieve a company's current dividend
- C. confirms a purchase or sale made on behalf of a share holder
- D. is a document used to transfer ownership of shares
Cum div differs from ex div in that, the later
- A. entitles the purchaser to recieve a company's current dividend
- B. entitles the vendor to recieve a company's current dividend
- C. confirms a purchase or sale made on behalf of a share holder
- D. is a document used to transfer ownership of shares
A document sent by a broker to his client to confirm a purchase or sale made on his behalf is
- A. delivery note
- B. consignment note
- C. transfer form
- D. contract note
A document sent by a broker to his client to confirm a purchase or sale made on his behalf is
- A. delivery note
- B. consignment note
- C. transfer form
- D. contract note
An agent who transacts business with the broker in the stock exchange is a
- A. stag
- B. bull
- C. del credere
- D. jobber
An agent who transacts business with the broker in the stock exchange is a
- A. stag
- B. bull
- C. del credere
- D. jobber
A form of money with face value which is greater than the value of the metal content is
- A. legal tender
- B. bank notes
- C. token money
- D. commodity money
The net profit is the excess of gross profit and sources of income over all the expenses . This implies that net profit is
- A. the difference between gross profit and trade expenses
- B. the different between gross profit and net sales
- C. sales less cost of sales including sales returns
- D. opening stock add purchases less closing stock
Part payments made on allotted shares by subscribers is usually the
- A. subscribed capital
- B. authorized capital
- C. issued capital
- D. called-up capital
A loan to a customer with a cheque account at a bank in which the account is allowed to go into debit is
- A. overdraft
- B. advance
- C. interest
- D. commission
Which of the following attracts only interest but leaves the capital unpaid
- A. a long-term loan
- B. a development bond
- C. a redeemable bond
- D. an irredeemable bond
The document that explains the types of shares available for sale to the public is
- A. a prospectus
- B. an invoice
- C. an open indent
- D. a closed indent
An association of voluntary organizations that work together for a common aim while retaining their independence is a
- A. syndicate
- B. merger
- C. cartel
- D. consortium
An association of voluntary organizations that work together for a common aim while retaining their independence is a
- A. syndicate
- B. merger
- C. cartel
- D. consortium
The coming together of a manufacturing business with a firm that markets its products is
- A. backward integration
- B. a consortium
- C. forward integration
- D. a syndicate
The coming together of a manufacturing business with a firm that markets its products is
- A. backward integration
- B. a consortium
- C. forward integration
- D. a syndicate
The major aim of establishing a public corporation is to
- A. establish a monopoly
- B. provide essential services
- C. provide employment opportunities
- D. encourage specialization