The following are methods of quoting prices EXCEPT
- A. A.C.I.F
- B. F.A.S
- C. F.O.B
- D. L.O.C.O
- E. E.O.E
Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the
- A. agent
- B. auctioneer
- C. broker
- D. offeree
- E. offeror
The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the
- A. aero plane
- B. caravan
- C. lorry
- D. ship
- E. train
Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?
- A. 2.0 times
- B. 30.0 times
- C. 31.0 times
- D. 31.3 times
- E. 32.2 times
The most suitable mode of transport for conveying gas and liquid within Nigeria is
- A. air
- B. pipeline
- C. rail
- D. road
- E. water
A Speculator in the stock exchange who buys shares hope that prices will rise is called
- A. bear
- B. broker
- C. bull
- D. Jobber
- E. shareholder
The authority that transfers to a third party the shard right to vote is called
- A. bond
- B. indent
- C. proxy
- D. right issue
- E. warranty
A marketing term the for the presentation of goods in a neatly wrapped container is
- A. advertising
- B. credit to customers
- C. labelling
- D. merchandising
- E. packaging
“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of
- A. advertising
- B. credit to customers
- C. customer service
- D. sales promotion
- E. trade discount
An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….
- A. accident
- B. endowment
- C. fire
- D. fidelity
- E. whole life
From the date of issue, cheques are valid for———–months.
- A. 3
- B. 4
- C. 5
- D. 6
- E. 9
Which of the following is NOT true of a cheque as a means of payment? It
- A. can be made out of a definite payee
- B. is generally acceptable
- C. is safer than carrying cash
- D. is transferable
- E. serves as a proof of payment
Which of the following is NOT true of a cheque as a means of payment? It
- A. can be made out of a definite payee
- B. is generally acceptable
- C. is safer than carrying cash
- D. is transferable
- E. serves as a proof of payment
The reply to a letter of inquiry is a/an
- A. advice note
- B. estimate
- C. order
- D. quotation
- E. statement
Coal mining is an example of
- A. construction
- B. service
- C. extraction
- D. manufacturing
- E. tertiary
The payment made by government to producers to enable them reduce price is known as
- A. bonus
- B. compensation
- C. margin
- D. make-up
- E. subsidy
The actual amount of share capital a company is allowed to issue to the public is the —- capital
- A. authorized
- B. issued
- C. paid-up
- D. reserved
- E. working
An example of service rendering trade association is
- A. Association of Nigerian Miners
- B. Cocoa Farmers’ Association
- C. Manufacturers Association of Nigeria
- D. Nigerian Bar Association
- E. Saw millers Association of Nigeria
The losses incurred in the running of Public Corporations are borne by the
- A. board of directors
- B. debenture holders
- C. managing director
- D. shareholders
- E. tax payers
A disadvantage of commercialization of public enterprises in Nigeria is that it
- A. creates room for competition with private owned enterprises
- B. enables consumers have value for their money
- C. generates funds for government
- D. leads to reduction in work force
- E. promotes efficiency
Which of the following relies on subvention as the main source of capital?
- A. Cooperative society
- B. Partnership
- C. Public corporation
- D. Public limited company
- E. Sole trader