What’s the first form an applicant must complete before taking an insurance policy?
- A. Cover note
- B. advice note
- C. proposal form
- D. certificate of insurance
Goods and services are made available to consumers through
- A. The advertising agency
- B. Sales promotion
- C. The channel of distribution
- D. The middle men
The internet is a system of telecommunication used for
- A. The internet is a system of telecommunication used for providing a variety of information and communication facilities,
- B. Communicating long distance messages
- C. Sending and receiving text messages
- D. Communicating messages through telegrams
The satisfaction of consumer is best explained by
- A. Product mix
- B. Marketing concept
- C. marketing mix
- D. market segmentation
Balance of payment consist of ———– and ———- items
- A. Credit and loss
- B. visible and non-visible
- C. valid and invalid
- D. income and expenditure
The elements in marketing mix that ensures goods are available when and where needed is
- A. Promotion
- B. price
- C. product
- D. place
Why will a cheque be dishonored?
- A. Regular signature
- B. high amount of money written on the cheque
- C. insufficient funds
- D. general crossing
When does the buyer in a hire purchase becomes the owner of the goods?
- A. When all installments have been fully paid
- B. After payment of the first installment
- C. Before the payment of the first installment
- D. When half of the purchased price has been paid
One of the principles of insurance is
- A. Proximate cause
- B. Fidelity guarantee
- C. Consequential loss
- D. Surrender value
A disadvantage of personal selling is that it
- A. Increase a company’s number of customers
- B. Reduces a company area of patronage
- C. Increases a company’s operating costs
- D. Decreases a company’s operating costs
What do we call agreement between two people enforced by law?
- A. Consideration
- B. offer
- C. contract
- D. agreement
Distribution of goods belongs to
- A. Construction industry
- B. extractive industry
- C. manufacturing industry
- D. commercial industry
An organization which focuses on consumers satisfaction is practicing
- A. Marketing concepts
- B. Selling concepts
- C. Consumerism
- D. Market segmentation
The sale of second hand securities is done in which market
- A. Building society
- B. cooperative society
- C. stock exchange
- D. capital market
One of the major disadvantages of pipeline transportation is its
- A. High maintenance cost
- B. High cost of construction
- C. Limitation in scope
- D. Vulnerability to climate changes
In a public limited liability company, planning is carried out by
- A. Employees
- B. The chairman of the board
- C. Shareholders
- D. Manufacturer’s warehouse
The two main categories under which marine losses fall into are
- A. Total loss and partial loss
- B. Voyage policy loss and time policy loss
- C. Particular loss and average loss
- D. Actual loss and general loss
A debenture holder is entitled to
- A. Dividend
- B. Interest
- C. commission
- D. Profit
——————- is a source of short term capital?
- A. Shares
- B. Overdraft
- C. debenture
- D. leasing
Which of the following regulates and controls the activities in the Nigeria Stock Exchange
- A. SEC
- B. CBN
- C. BPE
- D. NDIC
Money is generally acceptable for transaction due to
- A. The rule of the law
- B. Its acceptability in the global market
- C. The legal backing
- D. The central bank’s Governor’s signature