Assets of a business which can easily be changed into cash are called
- A. authorized capital
- B. current liabilities
- C. fixed assets
- D. liquid capital
- E. paid-up capital
Assets of a business which can easily be changed into cash are called
- A. authorized capital
- B. current liabilities
- C. fixed assets
- D. liquid capital
- E. paid-up capital
What is NOT a function of marketing?
- A. changing the nature of the marketable goods
- B. enlargement of the market
- C. export promotion
- D. provision of employment
- E. segmenting the market
The best definition of Communication in Commerce is
- A. distribution of information
- B. movement of files
- C. movement of goods and passengers
- D. storing information
- E. transmission of information
The best definition of Communication in Commerce is
- A. distribution of information
- B. movement of files
- C. movement of goods and passengers
- D. storing information
- E. transmission of information
What is the main aim and objective of ECOWAS?
- A. increasing the tax rate among member countries
- B. operating banking services among members
- C. promoting cooperation and development in all fields of economic activities
- D. providing employment opportunity to a few countries
- E. providing essential services among members
What is the main aim and objective of ECOWAS?
- A. increasing the tax rate among member countries
- B. operating banking services among members
- C. promoting cooperation and development in all fields of economic activities
- D. providing employment opportunity to a few countries
- E. providing essential services among members
ln the selection of means of transport, speed is an important consideration for goods that are
- A. bulky
- B. durable
- C. fragile
- D. inferior
- E. perishable
ln the selection of means of transport, speed is an important consideration for goods that are
- A. bulky
- B. durable
- C. fragile
- D. inferior
- E. perishable
A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance of N20,000 is his
- A. authorized capital
- B. called-up capital
- C. capital employed
- D. fixed capital
- E. working capital
What covers the risk which an employer may suffer as a result of the dishonesty of an employee?
- A. accident insurance
- B. export credit insurance
- C. fidelity guarantee insurance
- D. fire insurance
- E. life assurance
What covers the risk which an employer may suffer as a result of the dishonesty of an employee?
- A. accident insurance
- B. export credit insurance
- C. fidelity guarantee insurance
- D. fire insurance
- E. life assurance
Which business unit has a membership range of 2-50?
- A. Cooperative Society
- B. Partnership
- C. Private Limited Company
- D. Public Enterprise
- E. Public Limited Company
Which business unit has a membership range of 2-50?
- A. Cooperative Society
- B. Partnership
- C. Private Limited Company
- D. Public Enterprise
- E. Public Limited Company
The different types of occupation in which people are engaged can be grouped as
- A. Direct Services, Commercial and industrial
- B. Manufacturer, Blacksmith and Industrial
- C. Industrial, Manufacturing and Commercial
- D. Teaching, Manufacturing and Commercial
- E. Trading, Teaching and Commercial
The different types of occupation in which people are engaged can be grouped as
- A. Direct Services, Commercial and industrial
- B. Manufacturer, Blacksmith and Industrial
- C. Industrial, Manufacturing and Commercial
- D. Teaching, Manufacturing and Commercial
- E. Trading, Teaching and Commercial
Another name for exchange of goods or other goods is called
- A. barter
- B. buying
- C. credit
- D. selling
- E. specialization
Another name for exchange of goods or other goods is called
- A. barter
- B. buying
- C. credit
- D. selling
- E. specialization
What is NOT an essential element of a valid contract?
- A. acceptance
- B. compensation
- C. consideration
- D. legality
- E. offer
Which document is used to advertise shares to the general public?
- A. Letter of Allotment
- B. Memorandum and Article Associations
- C. Newspaper
- D. Prospectus
- E. Radio and television
Which document is used to advertise shares to the general public?
- A. Letter of Allotment
- B. Memorandum and Article Associations
- C. Newspaper
- D. Prospectus
- E. Radio and television