When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is
- A. currying favour from local people
- B. finding a way to spend resonsibility
- C. fulfilling part of its social responsibilty
- D. invest its idle funds
The use of computer in modern banking industry is a reflection of
- A. competitive development
- B. scientific development
- C. economic development
- D. technological development
Which of the following makes other functions of business its appendages?
- A. production
- B. marketing
- C. finance
- D. personnel
The principle of span of control stipulates that
- A. an employee should report to only one superior
- B. manager must demand accountability from their surbordinates
- C. resources have to be economized within the various division
- D. the number of employee reporting to one superior should be kept to workable maximum
The harmonious relationship among the various units in an organization is ensured through
- A. co-ordination
- B. motivation
- C. planning
- D. leadership
which of the following is the most important business resource?
- A. money
- B. management
- C. materials
- D. manpower
For establishment of a powerful consumers’ association in Nigeria to exist, there must be
- A. financial and moral support from the public
- B. honest and commited leadership
- C. allocation of goods from the producer
- D. freedom from external influence
NACCIMA stands for
- A. Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
- B. Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
- C. National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
- D. Nigerian association of Chambers of commerce, Industries, Mines and Agriculture
Which of the following maxims negate the principle of collective bargaining?
- A. individual employees have weak bargaining base
- B. individual employees attain strength when they come together in union
- C. only members of the union can benefit from agreements negotiated by the union
- D. collective bargainig covers the vast majority of employees, whether union members or not
Which of the following has power to order withdrawal of a particular food item from circulation?
- A. Standard organisation of Nigeria
- B. Federal High courts in Nigeria
- C. Food and Drug Department of the Federal Ministry of health
- D. Local government health inspector
The comprehensive import supervision scheme was set up by the federal government in order to
- A. reverse Nigeria's unfavourable balance of trade
- B. promote fair trade between Nigeria and other countries
- C. counteract all fraudulent business deals of Nigeria with other nationals
- D. ensue that import into Nigeria are of the correct quality, value and quantity
Nationalization of an industry means that its ownership becomes that of
- A. government
- B. shareholders
- C. taxpayers
- D. indigenes
Mr Amusa says to Mr Bello ‘i will sell you this hat for N30’. And Mr Bello replied ‘i will pay N29’. The contract is
- A. an offer and acceptance
- B. an implied contract
- C. a complete simple contract
- D. an offer but no acceptance
An agreement to sell is distinguishable from sale because in the former, the transfer of goods is
- A. not anticipated
- B. not discussed
- C. deferred
- D. immediate
Which of the following must be present in an agency by agreement?
- A. intentions
- B. will
- C. consent
- D. authority
One advantage of personal selling over all other elements of promotion is that
- A. it can provide instant feedback
- B. it is very cheap in terms of cost per contact
- C. it does not need to use mass media
- D. sales people are wewll trained
Which of the following is a form of sales promotion
- A. advertising on radio
- B. offering free sample
- C. distributing printed materials
- D. advertising on television
Which of the following items has the shortest effect on the consumer
- A. fashion
- B. innovation
- C. fad
- D. attribute
The element of the marketing mix are
- A. product promotion, place and price
- B. [personal selling, advertising and research
- C. promotion, production, place and price
- D. procurement, price, product and place
The second tier security market is
- A. an appendage to the Nigeria stock exchange
- B. a member of the Nigeria stock exchange
- C. meant for the shares of quoted private companies
- D. a regulating arm of the Nigerian stock exchange
The business in the stock exchange is characterized essentially by
- A. dealing
- B. brokerage
- C. speculations
- D. transactions