Crude oil is best transported within the country through
- A. a container
- B. a trawler
- C. a tanker
- D. pipeline
- E. rail
Crude oil is best transported within the country through
- A. a container
- B. a trawler
- C. a tanker
- D. pipeline
- E. rail
Which of the following can be used to establish an importer’s title to goods?
- A. bill of exchange
- B. bill of lading
- C. cargo receipt
- D. import licence
- E. way bill
An allowance made to a customer for prompt payment is known as
- A. . allowance
- B. bulk discount
- C. cash discount
- D. commission
- E. trade discount
An instruction to an agent abroad restricting him to buy from a named manufacturer is known as
- A. a closed indent
- B. an open indent
- C. an order
- D. pro forma invoice
- E. a standing order
An instruction to an agent abroad restricting him to buy from a named manufacturer is known as
- A. a closed indent
- B. an open indent
- C. an order
- D. pro forma invoice
- E. a standing order
The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called
- A. commercialization
- B. indigenity
- C. industrialization
- D. nationalis-ation
- E. privatization
Which area of law is NOT related to business?
- A. agency
- B. contract
- C. hire purchase
- D. possession
- E. sale of goods
Which area of law is NOT related to business?
- A. agency
- B. contract
- C. hire purchase
- D. possession
- E. sale of goods
Which of the following does a seller send in reply to a letter of inquiry?
- A. advice note
- B. credit note
- C. debit note
- D. delivery note
- E. quotation
The rights of the consumers does NOT include
- A. the right to be informed
- B. the right to choose
- C. the right to fix prices
- D. the right to a healthy environment
- E. the right to safety
The main objective of nationalization of industries is to
- A. bring an Industry under state ownership and control
- B. Make more profit for the government
- C. prevent all aliens from taking part in the business activities of a country
- D. prevent existing firms from liquidation
- E. provide sources for additional capital for government
The main objective of nationalization of industries is to
- A. bring an Industry under state ownership and control
- B. Make more profit for the government
- C. prevent all aliens from taking part in the business activities of a country
- D. prevent existing firms from liquidation
- E. provide sources for additional capital for government
The breaking down of work into different processes is known as
- A. division of labour
- B. exchange
- C. production
- D. specialization
- E. working party
The breaking down of work into different processes is known as
- A. division of labour
- B. exchange
- C. production
- D. specialization
- E. working party
A tax paid on goods manufactured and consumed in your country is called
- A. consumer tax
- B. custom duty
- C. excise duty
- D. goods tax
- E. income tax
A tax paid on goods manufactured and consumed in your country is called
- A. consumer tax
- B. custom duty
- C. excise duty
- D. goods tax
- E. income tax
Which of the following is NOT regarded as a welfare service in an organization?
- A. housing
- B. medical facilities
- C. recreational facilities
- D. training
- E. transportation
Which of the following is NOT regarded as a welfare service in an organization?
- A. housing
- B. medical facilities
- C. recreational facilities
- D. training
- E. transportation
Which of the following is NOT part of Pre-Sales Service/ice?
- A. assisting the prospective buyer to set up facilities for storage
- B. dispatching of quotation and price list
- C. granting of credit or hire purchase sales facilities
- D. providing detailed information about goods to be purchased
- E. provision of transportation and delivery services
Bankers settle their mutual indebtedness in a
- A. clearing and forwarding house
- B. clearing house
- C. development bank
- D. discount house
- E. stock exchange market