An International organisation that influence and fix the price of oil in the International markets is
- A. IMF
- B. ECOWAS
- C. OPEC
- D. OAU
Someone traveling abroad for at least “twenty – four hours” and a maximum stay of six months is known as
- A. Transportation
- B. Tourism
- C. International trade
- D. Domestic tourism
Which function of money is described in the following statement?
It serves as a medium through which business transactions are carried out
- A. Standard for deferred payments s
- B. Medium of exchange
- C. Store of value
- D. Unit of account
The Sole aim of government owned business is to
- A. make profit
- B. provide services to the public
- C. spread environmental pollution
- D. manage action
One of these is not part of small-scale retailers
- A. Urban stores
- B. Roadside traders
- C. Supermarkets
- D. Itinerant traders
What is NPA?
- A. Nigerian Police Authority
- B. Nigerian Ports Authority
- C. National Ports Authority
- D. National Police Authority
All harbours, docks and waterways of Nigeria are looked after by a public corporation called the
- A. Nigerian Police Authority
- B. Nigerian Ports Authority
- C. National Ports Authority
- D. National Police Authority
Booklets containing a range of products, their uses and prices are called
- A. Posters
- B. Handbill
- C. Catalogues
- D. Price Journal
Commerce brings about all except one
- A. International co-operation
- B. Improvement in the standard of living
- C. Monotony of work
- D. Infrastructural development
An abridged message sent at express speed to reach its destination faster than the airmail letters is known as
- A. Telephone
- B. Telegram
- C. Telex
- D. NITEL
First Bank of Nigeria is an example of
- A. Commercial bank
- B. Central bank
- C. Development bank
- D. Merchant bank
Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
From the question above, the document the firm or organization will send to the buyer is
- A. Delivery notes
- B. Advice notes
- C. An order form
- D. Quotations
Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
The above represents?
- A. A quotation
- B. Consignment notes
- C. Letters of Inquiry
- D. An order form
A bear market is said to be in existence in a period of
- A. Boom
- B. Stump
- C. Bullish
- D. Stagflation
The difference between the buying price and the selling price of a share is referred to as
- A. Commission
- B. Profit
- C. Jobber's Profit
- D. Turnover
All but one is not a barriers to foreign trade
- A. Natural Barriers
- B. Economic Barriers
- C. Social and Language Barriers
- D. Trade Fair
Which of these is a document used in International trade?
- A. Debit note
- B. Credit note
- C. Invoice
- D. Price ring
The difference between a chamber of commerce and a trade association is that the former
- A. is not restricted to a particular industry
- B. is a branch of trade that sells product
- C. consists of members engaged in the same trade
- D. are association of individuals or firms
A number of shipping lines operating on a certain route, which agree on a common policy regarding the conditions under which goods are to be carried
- A. Cartel
- B. Conference
- C. Syndicate
- D. Trust
The provision of qualified managerial and other skilled personnel for an enterprise is called
- A. Directing
- B. Controlling
- C. Planning
- D. Staffing
The function of management that establish objectives for the organization and trying to determine the best ways to accomplish them
- A. organizing
- B. planning
- C. directing
- D. controlling