(a) Give the meaning of each of the following:
(i) balance of trade
(ii) balance of payments.
(b)Describe four ways by
(a) What is marketing concept?
(b) Explain the four elements of the marketing mix.
(a) Explain each of the following:
(i) Chamber of Commerce
(ii) Trade Association.
(b) Give any four functions each of a Chamber of Commerce and a Trade Association.
(a) What is delegation of authority?
(b) State four advantages of delegation of authority.
(a) What are the functions of the Nigeria Export Promotion Council (NEPC)?
(b) What are the steps an exporter would take to export goods from the receipt of an indent to the shipment of the goods?
(a) What is marketing?
(b) Explain any six reasons why a manufacturer may sell directly to consumers.
(a) Distinguish between Nationalization and Indigenisation
(b) State any five advantages of nationalization and two objectives of indigenisation.
(a) Explain the following terms:
(i) bearer cheque
(ii) open cheque
(iii) order cheque
(iv) crossed cheque.
(b) Explain any six factors which a bank manager would take into consideration in evaluating an application for a loan.
Akani and Sule are sole proprietors. Akani proposed that their businesses be merged to form a partnership.
(a) Explain to Sule how such a partnership would be to their mutual benefit
(b) State five reasons why Sule might be reluctant to accept the proposal.
Demurrage is a charge for?
- A. utlized lay days
- B. unsed lay days
- C. exceeding lay days
- D. damaged cargo
- E. jettisoned cargo
The Nigeria Television Authority is an example of a?
- A. private limited liability company
- B. public limited liability company
- C. multinational corporation
- D. co-operative society
- E. public corporation
Retail outlets which sell from specialized vans are?
- A. Super markets
- B. multiple shops
- C. mail order firms
- D. department stores
- E. mobile shops
Which of the following is not an element of the marketing mix?
- A. Product
- B. Pricing
- C. Promotion
- D. Merchandising
- E. Distribution
A trade document signed by a representative of the country to which goods are being sent is called?
- A. export invoice
- B. consignment note
- C. certificate of origin
- D. pro-forma invoice
- E. consular invoice
The selection and promotion of staff in an organization is the function of the?
- A. marketing department
- B. finance department
- C. personnel department
- D. production department
- E. public relations department
The major dealers on stock exchange market are the?
- A. authorized clerks
- B. jobbers
- C. investors
- D. brokers
- E. underwriters
Which of the following countries is not a member of ECOWAS?
- A. Nigeria
- B. Gambia
- C. Sierra-Leone
- D. Ghana
- E. Cameroun
Which of the following arguments are in favour of establishing ECOWAS? I. The countries concerned would be able to expand market beyound their territorial boundaries.
II. Currency union is the final objective of member countries
III. Capital movement is not allowed across the boundaries
IV. Free movement across the borders of members would be allowed.
- A. I, II & III only
- B. II & IV only
- C. I, II & IV only
- D. II & III only
- E. I & III only
A cheque made payable to “bearer”
- A. Can be negotiated for cash by the drawer only
- B. can only be paid into an account
- C. can be negotiated for cash by any holder
- D. is not regarded as a negotiable instrument
- E. must be endorsed to another account for settlement
Which of the following is the acceptable classification of warehouse?
- A. Ordinary, wholesale and state warehouse
- B. Ordinary, presidential and bonded warehouse
- C. Bonded, royal and queen warehouse
- D. Ordinary off-shore and bonded warehouse
- E. Private, public and bonded warehouse