| N | |
| sales | 15,000 |
| opening stock | 5,600 |
| purchase | 9,700 |
| closing stock | 4,400 |
| gross profit | 4,500 |
| net profit | 2,000 |
what is the rate of turnover from the table?
- A. 3.50 times
- B. 3.00 times
- C. 2.00 times
- D. 2.18
The progragramme that makes up the operating system in a computer system is called?
- A. system software
- B. micro program
- C. syntax
- D. system flow-chart
communication process involves the transmission of a message over a selected channel to the?
- A. encoder
- B. receiver
- C. audience
- D. sender
A group of companies is a collection of?
- A. subsidiaries and their holding company
- B. firms
- C. associates and their holding company
- D. industries
The agency in Nigeria which ensures that products conform with government quality specifications is the?
- A. standard organisation of Nigeria
- B. Nigeria consumer association
- C. manufacturers association of Nigeria
- D. Nigeria chambers of commerce
one of the obstacles to achieving the objectives of ECOWAS is?
- A. lack of a common currency
- B. colonial linkages
- C. sovereignty of state
- D. language difference
The temporary working area of the control processing unit is called the?
- A. CD-ROM
- B. CD-RAM
- C. ROM
- D. RAM
warehousing is a productive function because it increases the?
- A. quantity of goods
- B. utility of goods
- C. quality of goods
- D. price of goods
A pro forma invoice is sent to inform a buyer about the?
- A. quantity of goods
- B. price of goods
- C. designation of goods
- D. quality of goods
A merchant wholesaler is referred to as?
- A. del-credere agent
- B. a broker
- C. rack jobber
- D. a factor
i. personal savings. ii. retained earnings iii. accrued taxes. Which of the items constitute internal sources of financing for companies?
- A. i and ii
- B. i and iii
- C. ii and iii
- D. i, ii and iii
A form of ownership which exploits the strenght of one partner to remedy the weakness of the other is the?
- A. joint partnership
- B. cooperative
- C. corporation
- D. joint venture
The first known legislation to protect consumer rights in Nigeria is the?
- A. usury laws
- B. sale of goods act
- C. hire purchase act
- D. food and drugs act
A chamber of commerce is an association made up of?
- A. merchants
- B. manufacturers
- C. entrepreneurs
- D. importers
The three components of staffing are?
- A. recruitment, interview and appointment
- B. recruitment, selection and placement
- C. recruitment, test and placement
- D. recruitment, procurement and appointment
A form of money that has gone out of use is ?
- A. commodity money
- B. bank money
- C. paper money
- D. foreign money
On liquidation of a public limited liability company, the residual owners are the?
- A. creditors
- B. debenture shareholders
- C. preference shareholders
- D. ordinary shareholder
The insurance principle that requires full disclosure of information on the insured is known as ?
- A. indemnity
- B. caveat emptor
- C. subrogation
- D. uberrimae Fidel
A printer that burns the print image into the photosensitive drum is called?
- A. dot matrix printer
- B. laser printer
- C. daisy wheel printer
- D. thermal printer
The share capital value that forms part of the balance sheet total is the?
- A. issued share capital
- B. called-up share capital
- C. authorised share capital
- D. paid-up share capital
services which are of absolute monopoly can best be provided by?
- A. private companies
- B. limited liability
- C. public companies
- D. public enterprises