An individual that links the producer with the retailer is
- A. an agent
- B. a wholesaler
- C. a principal
- D. an entreprenuer
The activity which entails buying of goods in bulk and selling in small quantities to retailers is
- A. wholesaling
- B. retailing
- C. merchandising
- D. assembling
Which of the following legislation aims primarily at the protection of consumers?
- A. Company's Act
- B. Partnership Act
- C. Trade Description Act
- D. Law of contract
Parts payments made on alloted shares by subscribers is usually the
- A. authorized capital
- B. subscribed capital
- C. called -up capital
- D. issued capital
The type of letters that are delivered through the normal mail or by airmail express service is referred to as
- A. express letters
- B. registered letters
- C. inland letters
- D. airmail letters
A major objective of all business resources is
- A. human relation
- B. profit making
- C. public relation
- D. profit sharing
The document that explains the types of shares available for sale to the public is
- A. a prospectus
- B. an invoice
- C. closed indent
- D. an open indent
Which of the following is not a veritable source of funds to a public limited liability company?
- A. advances and loans from bank
- B. internally generated funds
- C. government financial grants
- D. funds from the sale of shares
An agent who has to sell perishable goods without the prior authority of the owner becomes an agent by
- A. estoppel
- B. conduct
- C. necessity
- D. ratification
Which of the following regulates and controls the activities in the Nigerian Stock Exchange?
- A. CBN
- B. BPE
- C. SEC
- D. NDIC
A demerit of communication is that it
- A. increase the cost of goods in transit
- B. give room for distortion of fact
- C. hinder quick reception of messages over a long distance
- D. makes payment for goods cumbersome
The process of dividing tasks into jobs and departments and delegating authority is known as
- A. organizing
- B. staffing
- C. directing
- D. leading
The maximum number of shareholders in a public liability company is
- A. twenty
- B. one hundred
- C. fifty
- D. unlimited
A document that lists the goods that are being sent from one place to another is
- A. mail transfer
- B. shipping note
- C. consular invoice
- D. bill of lading
The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is
- A. contango
- B. arbitrage
- C. backwardation
- D. franco
The macro-environmental forces and trends which are a constraint on business operations are referred to as
- A. internal factors
- B. technological factors
- C. economic factors
- D. external factors