Extractive industries may also be denominated as?
- A. direct industries
- B. service industries
- C. primary industries
- D. indirect industries
One of the factors which critically determines the choice of occupation is?
- A. training
- B. skill
- C. aptitude
- D. interest
Sudden technological changes can have the effect of making?
- A. a company's management style ineffective
- B. a company's product obsolete
- C. the control mechanism difficult to implement
- D. the motivational factors in the company difficult to monitor
When a vendor supplies news papers from house to house and across the streets, the element of marketing mix involved is?
- A. product
- B. price
- C. promoting
- D. place
The main objective of a trade association can best be described as promoting and protecting ?
- A. the product
- B. common interest
- C. the market
- D. customer's interest
one of the criteria for differenciating consumer markets from industrial ones is the?
- A. type of demand
- B. type of supply
- C. nature of service rendered
- D. price of the goods
Bank giro is a system where?
- A. commercial banks can give loan to all customers.
- B. a central bank opens accounts for commercial banks
- C. a customer uses a cheque to pay several bills.
- D. a customer closes his account by writing a cheque
A person who undertakes any risk in insurance business is known as ?
- A. a broker
- B. an underwriter
- C. an insurer
- D. an actuary
Excise duties are paid on goods that are?
- A. imported into the country
- B. manufactured within the country
- C. exported to other countries
- D. kept in bonded warehouse
The business organisation in which shareholders have equal votes is?
- A. sole proprietorship
- B. partnership
- C. cooperative
- D. limited liability company
Erroneous real arrangement of financial figure such as writing N624 as N264 is called?
- A. ommission
- B. commission
- C. transposition
- D. principle
Transportation, retailing and wholesaling industries rely heavily on?
- A. banking
- B. insurance
- C. manufacturing
- D. railway
when it becomes necessary to liquidate a company, the first step to be taken is the appointment of a?
- A. a receiver
- B. an auditor
- C. an account
- D. a liquidator
Taking a new product to a particular part of the country to test the reaction of consumers to the product is referred to as?
- A. sales promotion
- B. sampling
- C. merchandising
- D. advertising
consumer sovereignty means that the consumer is?
- A. a citizen
- B. always independent
- C. always wrong
- D. always right
The direct authority of a superior over his subordinate is known as?
- A. staff authority
- B. line authority
- C. line and staff authority
- D. lateral authority
Rights issue means the?
- A. issue of shares to the directors of a company.
- B. issue of shares by a company only to the founders of the company
- C. right of shareholders to vote on any issue
- D. issue of shares to shareholders on favorable terms
The main objective of corporate mergers is to?
- A. minimize the effect of taxation
- B. increase financial advantage
- C. facilitate profit maximization
- D. enhance economies of scale
When does production ends?
- A. When the goods are distributed to the wholesalers
- B. When the goods reaches the retailer
- C. When the goods reaches the final consumers
- D. When the goods are fully packaged
An arrangement by independent firms to share the market of their products on quota basics Is referred to as
- A. Cartel
- B. Syndicate
- C. Trust
- D. Integration
What is the difference between current assets and current liabilities?
- A. Working capital
- B. nominal capital
- C. capital employed
- D. issued capital