Which of the following does NOT relate to marine insurance?… policy
- A. Endowment
- B. Floating
- C. Time
- D. Valued
- E. Voyage
……is a letter sent to the suppliers requesting details of goods offered for sale
- A. An Invoice
- B. Letter of enquiry
- C. Purchase order
- D. Requisition
- E. Quotation
……is a letter sent to the suppliers requesting details of goods offered for sale
- A. An Invoice
- B. Letter of enquiry
- C. Purchase order
- D. Requisition
- E. Quotation
The reward for Labour as a factor of production is
- A. interest
- B. premium
- C. profit
- D. rent
- E. wage
The reward for Labour as a factor of production is
- A. interest
- B. premium
- C. profit
- D. rent
- E. wage
The factor of production that combines others factors and bears the risks in production process is
- A. capital
- B. entrepreneur
- C. land
- D. labour
- E. wages
Who among the following is the last link in the chain of distribution?
- A. Consignor
- B. Consumer
- C. Producer
- D. Retailer
- E. Wholesaler
Who among the following is the last link in the chain of distribution?
- A. Consignor
- B. Consumer
- C. Producer
- D. Retailer
- E. Wholesaler
The agreement between an exporter and a ship owner to convey goods is known as
- A. charter party
- B. dock warrant
- C. marine policy
- D. shipping conference
- E. ships manifest
The agreement between an exporter and a ship owner to convey goods is known as
- A. charter party
- B. dock warrant
- C. marine policy
- D. shipping conference
- E. ships manifest
A cheque is not a legal tender because it is
- A. not mandatory to a creditor to accept it
- B. not negotiable
- C. transferable
- D. only a representation of money
- E. should be paid into a bank account
The reward of an agent working for a principal is a
- A. bonus
- B. commission
- C. dividend
- D. interest
- E. profit
The reward of an agent working for a principal is a
- A. bonus
- B. commission
- C. dividend
- D. interest
- E. profit
Re-exporting imported goods to another country is known as …….. trade.
- A. barter
- B. counter
- C. entreport
- D. invisible
- E. visible
Which of the following risks would an insurance company not prepared to cover?
- A. Change in fashion
- B. Death resulting from HIV
- C. Loss of cash in transit
- D. Numerous employees
- E. Theft of property
Which of the following risks would an insurance company not prepared to cover?
- A. Change in fashion
- B. Death resulting from HIV
- C. Loss of cash in transit
- D. Numerous employees
- E. Theft of property
Which of the laws of consumers protection fixes the rate of interest that may be charged on loans?
- A. Food and Drug Act
- B. Hire Purchase Laws
- C. Price Control Decree
- D. Sale of Goods Act
- E. Usury Laws
Organization of a wholesale warehouse in a typical company consist of the following EXCEPT ……. department.
- A. finance
- B. management and administration
- C. publicity
- D. production
- E. packing and dispatch
The amount which a company is empowered to raise for a business is its
- A. called-up-capital
- B. nominal capital
- C. paid-up capital
- D. issued capital
- E. working capital
Who among the following engages in manufacturing occupation?
- A. Bricklayer
- B. Carpenter
- C. Miner
- D. Musician
- E. Spinner
The national headquarters of Niger Basin Commission is at
- A. Lagos
- B. Niamey
- C. N’djamena
- D. Yamasucro
- E. Yaounde