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
The document which gives complete information about the goods sold is the
- A. bill of exchange
- B. delivery note
- C. invoice
- D. order form
- E. quotation
The document which gives complete information about the goods sold is the
- A. bill of exchange
- B. delivery note
- C. invoice
- D. order form
- E. quotation
Which type of advertisement induces consumer to purchase the goods he does not need?
- A. Competitive
- B. Descriptive
- C. Informative
- D. Persuasive
- E. Specific
Which type of advertisement induces consumer to purchase the goods he does not need?
- A. Competitive
- B. Descriptive
- C. Informative
- D. Persuasive
- E. Specific
Which of the following groupings is a means of payments through the post office
- A. Bank draft, Certified cheque, Money order and Stamps
- B. Cheque, Postal order, Money order and Bank draft
- C. Money order, Certified cheques, Telegraphic Money order and Stamps
- D. Postal order, Money order, Telegraphic Money order and Stamps
- E. Telegraphic Money order, Cheques, Bank draft and Certified cheques
Which of the following groupings is a means of payments through the post office
- A. Bank draft, Certified cheque, Money order and Stamps
- B. Cheque, Postal order, Money order and Bank draft
- C. Money order, Certified cheques, Telegraphic Money order and Stamps
- D. Postal order, Money order, Telegraphic Money order and Stamps
- E. Telegraphic Money order, Cheques, Bank draft and Certified cheques
A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.
- A. Limited
- B. nominal
- C. ordinary
- D. special
- E. unlimited
A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.
- A. Limited
- B. nominal
- C. ordinary
- D. special
- E. unlimited
The term “caveat emptor” implies that
- A. credit is not allowed
- B. goods are still with the seller
- C. goods have been transferred to the buyer
- D. let the buyer beware
- E. let the seller beware