One advantage the co-operative society has over the company is that the
- A. the latter pays tax while the former does not
- B. former attract more capitals than the later
- C. members of the former is usually morethan the latter
- D. former, unlike the latter, has limited liabities
Service which are of absolute monopoly can can best be proved by
- A. private companies
- B. limited liability companies
- C. public companies
- D. public enterprises
The primary objective of a business organization is to
- A. cater for the neds of its owners
- B. work towards making returns
- C. assist the government to serve the citizens
- D. improve the standard of living of its proprietors
Extractive industries may also be denominated as
- A. direct industries
- B. servicing industries
- C. primary industries
- D. indirect industries
One of the factors which critically determines the choice of occupation is
- A. traning
- B. skills
- C. aptitude
- D. interest
Which of the following contributed least to the evolution of commercial activities in Nigeria?
- A. Development of banks
- B. Development oftransportation
- C. Development of trader's unions
- D. Development of currencies
Sudden technology changes can have the effect of making
- A. a company's management style ineffective
- B. a company's product obsolete
- C. the control menchanism difficult to implement
- D. the motivational factors in the company difficult to monitor
The existing system of government and the administrative sub-division of a country which affect the operation of business in the country is described as
- A. economic environment
- B. legal environment
- C. polictical environment
- D. social environment
Social responsibility of business requires enterprises to
- A. hold annual social parties for the public
- B. draw their workers only from the immediate environment
- C. address themselves to issues relating to the society
- D. set up social welfare centers in their areas of operation
A key advantage of delegation is that
- A. workers are prepared for hgher responsibilites
- B. the manager has less work to do
- C. the manager spends less time on planning
- D. the organization grows larger in size
In a business organization, the annual operation plan or budget is a form of
- A. casual plan
- B. medium-term plan
- C. long-term plan
- D. short-term plan
The management function of evaluating whether objectives are being achieved is
- A. planning
- B. directing
- C. organizing
- D. controlling
The main objective of a trade association can best be described as promoting and protecting
- A. the products
- B. common interest
- C. the market
- D. customer's interest
The least of the advantages of indigenization is that
- A. the standard of living of the indigenes is improved
- B. the economy is controlled by the nationals
- C. enterpreneurals skill is developped
- D. foreigners' domination is avoided
The activities of consumers association in Nigeria have not been effective because
- A. the consumers are too many
- B. the government is not favourabley dispose towards consumerism
- C. there is poor enlightenment about consumer rights
- D. the consumers have no medium for expressing their feelings
Th overriding objective of the food and drug act in Nigeria is too prevent the
- A. importation of food and drug that can be locally manufactured
- B. consumption of food and drug not tested by the minitries of health
- C. adulteration of food and drug sold in the country
- D. manufactures of food and drug from charging excessive prices
One of the criteria for differentiating consumers markets from industrial ones is the
- A. type of demand
- B. type of supply
- C. nature of the services rendered
- D. price of the goods
The most important pieces of legislation governing business and commercial activities in Nigeria currently is the
- A. Companies degree,1968
- B. Trade Disputes degree, 1976
- C. Companies and Allied matters degree,1990
- D. Banks and Other Financial institution degree,1991
When old customers stick to the old place to buy goods and services,it is known as
- A. goodwil
- B. personal factor
- C. window shopping
- D. patronage
The main advantage of using cinema as an advertising medium is that it is
- A. cheap
- B. accurate
- C. accessible
- D. informative
When a vendor supplies newspapers from house to house and across the streets, the element of marketing mix involved is
- A. product
- B. price
- C. promotion
- D. place