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
A document issued by the seller’s own courier and signed by the customer to acknowledge receipt of the goods is
- A. advice note
- B. consignment note
- C. delivery note
- D. freight note
A discount deducted from the invoice price of goods to enable the retailer to make profit
- A. cash discount
- B. functional discount
- C. trade discount
- D. seasonal discount
One advantage of small scale retail outlets is
- A. availability of self service facilities
- B. ability to buy in bulk
- C. easy acess to large amount of capital
- D. personal attention to customers
A feature of supermarkets which distinguishes it from other large scale retail outlets is that items sold are
- A. mainly household goods
- B. mainly industrial goods
- C. delivered by post
- D. one line of products
Goods bought into the country for sale are the country’s
- A. invisible imports
- B. invisible exports
- C. visible imports
- D. visible exports
The difference between a country’s imports and exports of goods in a particular year is
- A. terms of trade
- B. terms of payment
- C. balance of payment
- D. balance of trade
The last link in a channel of distribution is the
- A. wholesaler
- B. retailer
- C. consumer
- D. agent
The part of issued share capital that the company has asked the subscribers to pay for
- A. authorised capital
- B. called-up capital
- C. nominal capital
- D. paid-up capital