43
The letters E and OE stands for __________?
- A. Errors of exception
- B. Errors and omissions excepted
- C. Estimated and order error
- D. End of error
44
The process of converting a non-profit making organisation to a profit-making business is ________?
- A. indigenisation
- B. privatisation
- C. deregulation
- D. commercialisation
45
At the collapse of a business enterprises, the person appointed to dispose off the assets is called ________?
- A. an auctioneer
- B. a broker
- C. a liquidator
- D. an auditor
46
An instrument used in lieu of legal tender is known as ______?
- A. Token money
- B. commodity money
- C. fiat money
- D. representative
47
The factor of production that is relatively indestructible and immobile is _______?
- A. capital
- B. labour
- C. land
- D. rent
48
An agreement that is enforceable in law is ________?
- A. a contract
- B. an offer
- C. an acceptance
- D. a consideration
49
A bill of exchange already accepted can be discounted by the holder in ______?
- A. the central bank
- B. at least two banks
- C. his bank
- D. any bank
50
Which of the following legislation aims primarily at the protection of consumers?
- A. Law of contract
- B. Trade description Act
- C. Company's Act
- D. Partnership Act