Which of these is not a merit of division of labour
- A. results in specialization
- B. brings about an element of automation
- C. Training in new jobs is facilitated
- D. Creates monotony in the worktask
Which of these is not a merit of division of labour
- A. results in specialization
- B. brings about an element of automation
- C. Training in new jobs is facilitated
- D. Creates monotony in the work force
All activities that contribute towards making goods and services available to the people are
- A. Economic activities
- B. Political activities
- C. Productive activities
- D. Business activities
Any information about a manufacturer or his product that appears in any medium on a non-paid basis is known as
- A. Sales Promotion
- B. Personal Selling
- C. Advertising
- D. Publicity
The communication aspect of the marketing mix is
- A. Price
- B. Promotion
- C. Place
- D. Product
A document that embody the conditions and exceptions attached to the contract is
- A. proposal form
- B. cover note
- C. the policy
- D. insurance certificate
You have just bought a new car. What Insurance policy will you take to cover it?
- A. Accident Insurance
- B. Fire Insurance
- C. Marine Insurance
- D. Fidelity Guarantee Insurance
A memory that can be read and write and is volatile is known as
- A. RAM
- B. ROM
- C. EPROM
- D. EPPROM
Computer that process data in the form of values is
- A. Digital
- B. Hybrid
- C. Digital-hybrid
- D. Analog
The assembling of Manufactured products into forms usable by humans is classified as
- A. Extraction occupation
- B. Construction occupation
- C. Manufacturing occupation
- D. Industrial occupation
Services are made up of
- A. visible and invisible
- B. Industry and Commerce
- C. direct and indirect services
- D. Goods and Services
A counter offer is an offer that is
- A. different from the original offer
- B. breached
- C. different in terms of acceptance
- D. extended to several people at once
An offer extended to several people at once is called
- A. Acceptance
- B. Offeror
- C. Invitation to threat
- D. Consideration
Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.
| ₦ | ₦ | ||
| Opening stock Purchase |
1000 7000 |
Sales | 8000 |
| Closing Stock | 3000 |
Trading Expenses
|
Electricity Salaries Rent Depreciations |
₦ 135 875 180 210 |
From the figures given, calculate
Percentage of net profit to turnover
- A. 30%
- B. 5%
- C. 10%
- D. 20%
Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.
| ₦ | ₦ | ||
| Opening stock Purchase |
1000 7000 |
Sales | 8000 |
| Closing Stock | 3000 |
Trading Expenses
|
Electricity Salaries Rent Depreciations |
₦ 135 875 180 210 |
From the figures given, calculate
Net profit
- A. 1400
- B. 5000
- C. 1600
- D. 6400
Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.
| ₦ | ₦ | ||
| Opening stock Purchase |
1000 7000 |
Sales | 8000 |
| Closing Stock | 3000 |
Trading Expenses
|
Electricity Salaries Rent Depreciations |
₦ 135 875 180 210 |
From the figures given, calculate
Gross profit
- A. 300
- B. 3000
- C. 6000
- D. 11000
Which of the limited liability companies have a limit of fifty members and do not issues their shares to the public
- A. Private limited liability
- B. Public limited liability
- C. Partnership
- D. Co-operative society
The basic characteristics of co-operative society include all except one
- A. It is managed democratically
- B. It follows the principle of one man
- C. Amateur Management
- D. Extra capital is raised through loan
The basic characteristics of co-operative society include all except one
- A. It is managed democratically
- B. It follows the principle of one man
- C. Amateur Management
- D. Extra capital is raised through loan
All except one is not a corporation and boards at the federal level
- A. FRCN
- B. NNPC
- C. CBN
- D. MAN
The difference between Articles of association and memorandum of Association is that the latter deals
- A. with the Internal working relationship of the company and its members
- B. with the powers and relationships of the company with outsiders
- C. The method of issue, transfer and future of the company's shares
- D. The rights and responsibilities of shareholders