The coming together of two or more firms with each of them losing its identity is known as
- A. amalgamation
- B. cartel
- C. consortium
- D. holding
- E. trust
The aid to trade which enables producer and consumer to transact business without physical contact is known as
- A. advertising
- B. communication
- C. insurance
- D. tourism
- E. transportation
The document that spells out the relationship of a company with the outside world is known as
- A. article of association
- B. certificate of incorporation
- C. deed of partnership
- D. document of registration
- E. memorandum of association
Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a
- A. discount
- B. gain
- C. loss
- D. par value
- E. premium
Which of the following types of insurance is usually excluded from the principle of indemnity?
- A. Fidelity Guarantee
- B. Fire
- C. Life
- D. Marine
- E. Motor Vehicle
Which of the following forms part of a company’s Article of Association?
- A. Goodwill and status of shareholders
- B. Name of the company
- C. Nature and object of the business
- D. Registered office
- E. Voting powers and the use of proxy
Which of the following forms part of a company’s Article of Association?
- A. Goodwill and status of shareholders
- B. Name of the company
- C. Nature and object of the business
- D. Registered office
- E. Voting powers and the use of proxy
Which of the following is NOT a credit instrument?
- A. Bank Notes
- B. Bill of Exchange
- C. Bill of Lading
- D. Cheques
- E. Promissory Notes
Which of the following is NOT a credit instrument?
- A. Bank Notes
- B. Bill of Exchange
- C. Bill of Lading
- D. Cheques
- E. Promissory Notes
In the event of winding up of a company, who among the following is paid last?
- A. Cumulative preference shareholders
- B. Debenture holders
- C. Ordinary shareholders
- D. Preference Shareholders
- E. Trade creditors
In the event of winding up of a company, who among the following is paid last?
- A. Cumulative preference shareholders
- B. Debenture holders
- C. Ordinary shareholders
- D. Preference Shareholders
- E. Trade creditors
Which of the following advertising media preselects its readership through the nature of its content?
- A. Billboard
- B. Hand bill
- C. Magazine
- D. Newspaper
- E. Poster
Which of the following advertising media preselects its readership through the nature of its content?
- A. Billboard
- B. Hand bill
- C. Magazine
- D. Newspaper
- E. Poster
Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.
- A. demand
- B. identification
- C. replacement
- D. stabilization
- E. standardization
Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.
- A. demand
- B. identification
- C. replacement
- D. stabilization
- E. standardization
The following are advantages of division of labour specialization EXCEPT that it
- A. enhances interdependence
- B. increases output
- C. increases skill and dexterity
- D. leads to monotony
- E. promotes efficient of tools
Gross profit can be calculated as
- A. Cost of good sold minus cost of goods available for sale
- B. cost of goods available for sales minus sale
- C. Sales minus purchases
- D. Sales minus cost of good sold
- E. Sales minus closing stock
Gross profit can be calculated as
- A. Cost of good sold minus cost of goods available for sale
- B. cost of goods available for sales minus sale
- C. Sales minus purchases
- D. Sales minus cost of good sold
- E. Sales minus closing stock
Departmental store, supermarket and chain store are examples of
- A. large scale retailers
- B. large scale whole-salers
- C. medium scale producers
- D. small scale retailers
- E. small scale wholesalers
The Nigeria Enterprises promotion Decree brought about policy
- A. commercialization
- B. indigenization
- C. industrialization
- D. nationalization
- E. privatization
A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling fora commission proportionate to the value of the transaction is called a
- A. broker
- B. commissioned agent
- C. del-credere agent
- D. factor
- E. speculator