Which of the following is not an objective of ECOWAS?
- A. promotion of a common language
- B. improvement of infrastructural facilities
- C. encouragement of free movement of people
- D. encouragement of trade among member countries
A medium for intra-departmental communication is all except
- A. intercom
- B. notice board
- C. radiophone
- D. circular
The management function which involves measuring outcomes and taking corrective action to reduce error is
- A. staffing
- B. organizing
- C. directing
- D. controlling
A person engaged for the purpose of bringing his principal and a third party into a contractual relation is
- A. an arbiter
- B. an auctioneer
- C. an agent
- D. a middlemen
A contract will not be discharge through
- A. acceptance
- B. agreement
- C. breach
- D. performance
An agreement that is enforceable in law is
- A. an offer
- B. a consideration
- C. a contract
- D. an acceptance
The marketing term which regards the consumer as king that must be satisfied is
- A. market segmentation
- B. market research
- C. marketing concept
- D. marketing mix
Which of the following is not a component of the marketing mix?
- A. product
- B. production
- C. promotion
- D. place
The activity which improves the appearance of a product and also aimed at protecting it is
- A. advertising
- B. grading
- C. labelling
- D. packaging
The face-to-face meeting of the seller with the buyer for the purpose of making sales is
- A. mass selling
- B. impulse buying
- C. personal selling
- D. sale promotion
A paid presentation about a product with a view to encouraging purchases by an identifiable sponsor is
- A. publicity
- B. personal selling
- C. sales promotion
- D. advertisement
One of the objectives of the Niger Basin Commission is to
- A. regulate the movement of citizens across borders
- B. improve tariff and quota on non-members
- C. regulate the movement of cargo along the river
- D. streaming the construction of dams on the river
The safe keeping of goods produced until they are needed is
- A. hoarding
- B. marketing
- C. packaging
- D. warehousing
A specially-designed mode of transport for conveying liquid and gas is a
- A. coaster
- B. tanker
- C. liner
- D. ferry
A cheque that could be cashed over the counter by the payee is
- A. certified cheque
- B. crossed cheque
- C. open cheque
- D. bank draft
When a company insures the lives of all its employees collectively, the policy is
- A. accident insurance
- B. fleet insurance
- C. fidelity guarantee insurance
- D. group insurance
An insurance policy which is not a contract of indemnity is
- A. burglary insurance
- B. fire insurance
- C. life insurance
- D. motor insurance
The bank which acts as the lender of last resort is the
- A. Central bank
- B. Commercial bank
- C. Merchant bank
- D. Mortegage bank
The share value stated on a share certificate is
- A. above par value
- B. below par value
- C. market value
- D. nominal value
The right to buy or sell stock in the stock exchange within a stipulated period is
- A. option
- B. contango
- C. backwardation
- D. brokerage
A request for goods from another country by an importer would be made using
- A. an invoice
- B. an indent
- C. an order
- D. a quotation