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
Use the conversation below to answer the question below;
MUSA: Taiwo why are you in business?
TAIWO: To optimize profit, provide quality products, and discharge my social responsibilities. What of you, Okon and Kalu
OKON: I am in business to cater to the needs of the consumers at all costs.
KALU: I am in business to make a profit, provided quality products at reasonable prices, and establish a good reputation for myself.
The businessman with the best business objectives is ————————
- A. Okon
- B. Taiwo
- C. Kalu
- D. Musa
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