The primary memory component of a computer is the
- A. console
- B. cache
- C. compliers
- D. assemblers
A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a
- A. bear
- B. bull
- C. dealer
- D. stag
An activity that involves derivation of raw materials from land and sea is
- A. agriculture
- B. farming
- C. extraction
- D. construction
The major determinant of fire insurance premium is the
- A. usefulness of the property to the owner
- B. type and structure of the property to be insured
- C. owner of the property to be insured
- D. extent of fire damage anticipated
A distinctive advantage of GSM is its
- A. cost
- B. stability
- C. coverage
- D. mobility
Use the information below to answer this question
A B C Balance Sheet as at 31/12/2004
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What is the capital employed?
- A. ₦ 340,000
- B. ₦ 200,000
- C. ₦ 300,000
- D. ₦ 170,000
Use the information below to answer this question
A B C Balance Sheet as at 31/12/2004
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The total sum of financing short term projects is
- A. ₦ 30,000
- B. ₦200,000
- C. ₦70,000
- D. ₦40,000
The excess of the assets over the liabilities of a business is called
- A. capital employed
- B. net worth
- C. working capital
- D. initial capital
The type of communication from a superior to a subordinate in an organization is referred to as
- A. downward communication
- B. upward communication
- C. lateral communication
- D. horizontal communication
The instruments of credit include
- A. billboards and postal stamps
- B. payment vouchers and statement of account
- C. bills of exchange and salary voucher
- D. bills of exchange and promissory notes
Communication process involves the transmission of a message over a selected channel to the
- A. encoder
- B. receiver
- C. audience
- D. sender
Given:
I. Retail
II. Export
III. Transport
IV. Import
V. Insurance
VI. Banking and finance
VII. Wholesale
VIII. Communication.
Which of the above are aids to trade?
- A. III, V, VI and VIII
- B. I, II, III and VI
- C. I, III, V, and VI
- D. II, V, VI and VII
The activities aimed at finding customers needs and satisfaction can be described as
- A. conceptual marketing
- B. macro-marketing
- C. socio-marketing
- D. micro-marketing
A form of money that has gone out of use is
- A. paper money
- B. commodity money
- C. foreign money
- D. bank money
The conversion of raw materials into finished products creates
- A. form utility
- B. time utility
- C. marginal utility
- D. place utility
A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm’s common stock is the
- A. pre-emptive right
- B. over-subscription right
- C. ex-dividend right
- D. shareholders right
The major objective of corporate mergers is to?
- A. minimize the effect of taxation
- B. increase financial advantage
- C. enhance economies of sale
- D. facilitate profit maximization
The main advantage of a sole trader is the freedom to?
- A. employ anyone he likes
- B. take quick decision
- C. seek advise from any source
- D. plough all the profits
The principle of span of control stipulates that?
- A. The number of employees reporting to one superior should be kept to a workable maximum
- B. An employee should report to only one superior
- C. Managers must demand accountability from their subordinates
- D. Resources have to be economized within the various divisions