The essence of marketing is?
- A. exchange
- B. sales
- C. trade
- D. research
- E. profit
Which of the following documents contains the complete information on goods available in the wholesaler’s warehouse? the
- A. catalogue
- B. order
- C. consignment note
- D. invoice
- E. delivery note
Which mode of transport would you suggest as the most suitable for natural gas?
- A. Air
- B. Sea
- C. Pipeline
- D. Road
A shipping company’s document detailing the charges for carrying a particular cargo for a specified journey is known as?
- A. dock warrant
- B. freight note
- C. carriage forward
- D. weight note
- E. credit note
Exchange in the international market which does not involve the use of money as a medium is known as?
- A. foreign aid
- B. counter trade
- C. monetization
- D. foreign trade
- E. enterpot trade
With regard to payment, the amount payable when no deductions are made is called?
- A. net price
- B. spot cash
- C. not profit
- D. prompt cash
- E. draft
Which of the following is not necessary when ordering goods?
- A. Trade journal
- B. Letter of enquiry
- C. Invoice
- D. Order form
- E. Catalogue
A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the unissued capital?
- A. N35,000
- B. N30,000
- C. N15,000
- D. N10,000
- E. N5,000
A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the paid-up capital?
- A. N35,000
- B. N30,000
- C. N20,000
- D. N15,000
- E. N5,000
A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the issued capital?
- A. N5,000
- B. N10,000
- C. N15,000
- D. N20,000
- E. N35,000
The rate at which a country’s exports exchange for its imports is called?
- A. balance of payments
- B. balance of trade
- C. terms of delivery
- D. terms of trade
- E. counter trade
It is advantageous to provide services which are natural monopoly through?
- A. sole trades
- B. partnership
- C. public limited liabilities companies
- D. public enterprises
- E. co-operative societies
The process whereby a firm buys over the assets and liabilities of another firm is known as?
- A. amalgamation
- B. cartel
- C. factoring
- D. holding
- E. combine
Any powers exercise by a company in pursuance of objectives not authorized by the Memorandum of Association is regarded as?
- A. a trespass
- B. a nuisance
- C. ultra vires
- D. uberrimae fidei
- E. caveat emptor
Which of the following price quotation contains the cost price, insurance charges and the cost of transporting the goods?
- A. F.O.R
- B. C & F
- C. F.A.S
- D. F.O.B
- E. C.I.F
Warehousing is one of the functions of the?
- A. wholesaler
- B. retailer
- C. Chamber of commerce
- D. Ministry of Trade and Industry
- E. Export Promotion Department
A teleprinter is used to transit?
- A. important documents through the post office
- B. typed message quickly over long distance
- C. data to and form computer
- D. messages to areas within a locality
- E. information within a bank
The body controlling the installation and maintenance of telephone in Nigeria is?
- A. NET
- B. ITT
- C. NITEL
- D. NIPOST
- E. NICON
A telephone call within a town is called?
- A. home call
- B. trunk call
- C. district call
- D. zonal call
- E. local call
The main disadvantage of rail transport to traders is that?
- A. it carries bulky goods only
- B. its cost of carriage is high
- C. it is slow and flexible
- D. it causes road congestion
- E. it travels on schedule
Which of the following is not a necessary seaport facility?
- A. Berth
- B. Warehouse
- C. Containers
- D. Cranes
- E. Tramac