The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is
- A. consolidation
- B. rejuvenation
- C. diversification
- D. focus
NACCIMA stands for
- A. Nigerian American Centre for Culture, Industries, Mines and Arts
- B. Nigerian Association for Culture, Civics, Industries, Minerals and arts Arts
- C. National Agency for Culture, Civilization, Investment, Manufacturing and Agriculture
- D. Nigeria Association of Chambers of Commerce, Industries, Mines and Agriculture
The main documents sent to an importer of goods by the exporter are
- A. bill of lading, invoice, insurance policy, consular invoice, certificate of origin and bill of exchange
- B. indent, bill of lading, certificate of origin, invoice and bill of exchange
- C. certificate of origin, bill of exchange, invoice, insurance policy, indent and bil of lading
- D. invoice, consular invoice, certificate of origin, freight note, indent and insurance policy
The above chart represents the
- A. promotion mix relationship
- B. marketing mix relationship
- C. advertising mix relationship relationship
- D. product mix relationship
Which of the following attracts only interest but leaves the capital unpaid?
- A. uberrimae fidei
- B. subrogation
- C. contribution
- D. redeemable bond
The process of dividing tasks into jobs and departments and delegating authority is known as
- A. directing
- B. leading
- C. organizing
- D. staffing
A doctor who attends to patients at home after his official duty is
- A. a direct and indirect service worker
- B. a direct service worker
- C. an indirect service worker
- D. a community developer
The agency that currently oversees the privatization and commercialization processes in Nigeria is the
- A. Nigerian Stock Exchange
- B. Technical Committee on Privatization and Commercialization
- C. Securities and exchange commission
- D. Bureau of public enterprises
From the diagram above, what does I stand for?
- A. aids to trade
- B. home trade
- C. publicity
- D. advertising
Given:
₦
Sales 15,000
Opening stock 5,600
Purchases 9,700
Closing stock 4,400
Gross profit 4,500
Net profit 2,000
From the above data, calculate the rate of turnover
- A. 2.00 times
- B. 3.50 times
- C. 2.18 times
- D. 3.00 times
Mr. Taju entered into a contract to let a car to Mr. Funbi for his wedding for two days. However, the car had an accident before the first day. Mr. Funbi attempted to Claim damages but failed. This implies that the contract was terminated by
- A. bankruptcy
- B. breach
- C. lapse of time
- D. frustration
The principle of management that emphasizes on the number of subordinates under the direct supervision of a manager is
- A. unity of command
- B. scalar chain
- C. unity of direction
- D. span of control
An undertaking given by a person to another assuring his integrity is
- A. proximate cause
- B. insurable interest
- C. fidelity guarantee
- D. subrogation
A country is said to be experiencing an unfavourable balance of trade if her
- A. exports exceed imports
- B. visible imports exceeds Visible exports
- C. visible exports exceed visible imports
- D. imports and exports are equal
Modern means of payment is greatly facilitated by
- A. e-banking
- B. paper money
- C. credit transfer
- D. e-commerce
Given:
₦
Opening Stock 1,800
Purchases 2,800
Sales 8,000
Closing stock 350
Carriage on sales 500
Calculate the value of the unused stock.
- A. ₦800
- B. ₦500
- C. ₦320
- D. ₦350
The arrangement and interrelationship of the various components and positions of a business is referred to as
- A. line structure
- B. unity of direction
- C. organisational structure
- D. clarity of objective
An example of a computer operating system is
- A. the page maker
- B. windows 2000
- C. Microsoft word 2000
- D. the word perfect
The central working system of a computer used for data processing is the
- A. monitor
- B. floppy disk drive
- C. hard drive
- D. memory unit
One of the merits of television as a medium of advertising is that it
- A. is prone to censorship
- B. is relatively cheap
- C. has more network coverage
- D. has more sensory stimulation
A customer with ABC Plc sent money through his account to his sister’s account in another branch. This Is an example of
- A. e-business
- B. e-commerce
- C. e-banking
- D. e-finance