Which of the following CANNOT be sold through a vending machine?
- A. ice-cream
- B. shoes
- C. snacks
- D. tea
- E. tickets
Which is NOT a legislation aimed at protecting the consumer?
- A. consumer association act
- B. food and drugs act
- C. hire purchase act
- D. sales of goods act
- E. trade description act
Which is NOT a legislation aimed at protecting the consumer?
- A. consumer association act
- B. food and drugs act
- C. hire purchase act
- D. sales of goods act
- E. trade description act
One of the following does NOT fit into the group.
- A. agriculture
- B. carpentry
- C. fishing
- D. mining
- E. quarrying
One of the following does NOT fit into the group.
- A. agriculture
- B. carpentry
- C. fishing
- D. mining
- E. quarrying
An agreement that is enforceable in law is called
- A. a contract
- B. a declaration
- C. a decree
- D. an offer
- E. a statute
A holding company is one which holds shares in another company up to
- A. 20%
- B. 25%
- C. 33%
- D. 41%
- E. 51%
Which of the is used in calculating working capital?
- A. factory premises
- B. furniture and fittings
- C. machinery
- D. office equipment
- E. stock of raw material
Which of the is used in calculating working capital?
- A. factory premises
- B. furniture and fittings
- C. machinery
- D. office equipment
- E. stock of raw material
Which of the following means of transport is most flexible?
- A. air
- B. rail
- C. road
- D. sea
- E. waterways
Which of the following means of transport is most flexible?
- A. air
- B. rail
- C. road
- D. sea
- E. waterways
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