Tariff can be defined as a compulsory levy on
- A. foreign exchange earnings
- B. foreigners working in Nigeria
- C. imported goods only
- D. import and export
- E. substitutes and inferior goods
Tariff can be defined as a compulsory levy on
- A. foreign exchange earnings
- B. foreigners working in Nigeria
- C. imported goods only
- D. import and export
- E. substitutes and inferior goods
Use the information below to answer this question.
Aisha sold her wristwatch to Halima for N2,000.00 and she paid
The sum of N2,000.00 is the
- A. consideration
- B. entitlement
- C. fees
- D. money
- E. offer
The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
- A. contribution
- B. indemnity
- C. insurable interest
- D. subrogation
- E. utmost good faith
The association that encourages savings for the benefit of its members is known as
- A. Consumer co-operative society
- B. Credit and thrift co-operative society
- C. Consumer association
- D. Producer co-operative society
- E. Producer association
The association that encourages savings for the benefit of its members is known as
- A. Consumer co-operative society
- B. Credit and thrift co-operative society
- C. Consumer association
- D. Producer co-operative society
- E. Producer association
The organisation of petroleum exporting countries (OPEC) is an example of a/n……
- A. amalgamation
- B. cartel
- C. consortium
- D. holding company
- E. merger
The organisation of petroleum exporting countries (OPEC) is an example of a/n……
- A. amalgamation
- B. cartel
- C. consortium
- D. holding company
- E. merger
The major divisions of commerce are
- A. buying and selling
- B. export and import
- C. foreign and home
- D. trade and aids to trade
- E. wholesale and retail
Which of the following is NOT part of the documents to be submitted for the registration of companies?
- A. A statement of nominal capital
- B. A statutory declaration signed by a solicitor
- C. Articles of Association
- D. Memorandum of Association
- E. The balance sheet of the company
Which of the following is NOT part of the documents to be submitted for the registration of companies?
- A. A statement of nominal capital
- B. A statutory declaration signed by a solicitor
- C. Articles of Association
- D. Memorandum of Association
- E. The balance sheet of the company
The services offered by the following people .could be grouped under direct services. EXCEPT
- A. doctors
- B. entertainers
- C. lawyers
- D. policemen
- E. teachers
A voluntary body formed by members of a particular branch of trade or industry to represent interest of members is known as
- A. chambers of commerce
- B. cooperative society
- C. trade association
- D. trade commissions
- E. trade union
In a private limited liability company shares can be transferred
- A. at the end of a financial year
- B. by applying to the registrar of companies
- C. without consulting other shareholders
- D. with the consent to other shareholders
- E. with the consent of the managing director
In a private limited liability company shares can be transferred
- A. at the end of a financial year
- B. by applying to the registrar of companies
- C. without consulting other shareholders
- D. with the consent to other shareholders
- E. with the consent of the managing director
The full amount of capital which a company is authorized to raise is stated in the
- A. articles of association
- B. certificate of incorporation
- C. certificate of trading
- D. memorandum of association
- E. share certificate
The full amount of capital which a company is authorized to raise is stated in the
- A. articles of association
- B. certificate of incorporation
- C. certificate of trading
- D. memorandum of association
- E. share certificate
In limited liability company, the liability of a member at the time of liquidation is limited to the amount of shares.
- A. allotted
- B. called up
- C. paid for
- D. uncalled up
- E. unpaid for
In limited liability company, the liability of a member at the time of liquidation is limited to the amount of shares.
- A. allotted
- B. called up
- C. paid for
- D. uncalled up
- E. unpaid for
Trade may be defined as
- A. buying and selling of goods
- B. buying and selling of goods and services
- C. distribution goods
- D. production of goods
- E. selling of goods and services
Trade may be defined as
- A. buying and selling of goods
- B. buying and selling of goods and services
- C. distribution goods
- D. production of goods
- E. selling of goods and services