That part of the money in circulation not backed by gold is known as?
- A. exchange equalization fund
- B. fiduciary issue
- C. note and coins
- D. ordinary note issue
- E. fictitious assets
The system of parting with authority not responsibility is known as?
- A. controlling
- B. planning
- C. delegating
- D. movtivating
- E. co-ordinating
The system of parting with authority not responsibility is known as?
- A. controlling
- B. planning
- C. delegating
- D. movtivating
- E. co-ordinating
The most important factor influencing the form of a business unit is?
- A. expansion possibities
- B. business intergrity
- C. the amount of capital value
- D. adequate number of skilled employees
- E. the number of competing firms in the industry
Who among the following is NOT a middleman?
- A. a retailer
- B. broker
- C. factor
- D. consumer
- E. wholesaler
Terms of payments are quoted on the?
- A. order form
- B. a device note
- C. credit note
- D. debit note
- E. invoice
Which of the following was the chief means of transport during the Tran-Saharan Trade?
- A. Motor lorries
- B. Horses
- C. Camels
- D. Aeroplanes
- E. Barges
Which of the following is not a reason for imposing custom duty? The need to
- A. raise revenue
- B. protect home industry
- C. prevent dumping
- D. decrease the volume of world trade
- E. retaliate
Which of the following requires acceptance bythe editor to make it valuable?
- A. Postal order
- B. Cheque
- C. Promissory note
- D. Bill of exchange
- E. Bill of lading
When an order cheque is endorsed it becomes?
- A. a bearer cheque
- B. a certified cheque
- C. an open cheque
- D. a confirmed cheque
- E. a dishonoured cheque
Which of the following is mostly used in Nigeria for setting business transactions?
- A. Credit transfer
- B. Standing order
- C. Cheques
- D. Bank notes and coins
- E. Bank drafts
Which of the following is not a function of money?
- A. Unit of account
- B. Store of value
- C. Determinant of exchange of medium
- D. Medium of exchange
- E. Standard for deferred payment
Which of the following enjoins the buyers ti examine goods thoroughly beforeigeria making a purchase?
- A. uberrimae fidei
- B. Caveat subscriptor
- C. Consumer sovereignty
- D. Caveat venditor
- E. Standard for deferred payment
Which of the following enjoins the buyers ti examine goods thoroughly beforeigeria making a purchase?
- A. uberrimae fidei
- B. Caveat subscriptor
- C. Consumer sovereignty
- D. Caveat venditor
- E. Standard for deferred payment
Which of the following ensures that manufactured goods conform to the required standard?
- A. Nigerian Industrial Research Centre
- B. Standard Organization of Nigeria
- C. Consumer Consultative Committee
- D. Price Control Board
- E. Indigenization Decree
A facility used for impressing pre-paid postage rate on letters is called?
- A. vending machine
- B. speed post
- C. recorded delivery services
- D. cash register
- E. franking machine
A facility used for impressing pre-paid postage rate on letters is called?
- A. vending machine
- B. speed post
- C. recorded delivery services
- D. cash register
- E. franking machine
A document certifying that goods have been entirely or largely manufactured in the country stated is called?
- A. certificate of origin
- B. bill of lading
- C. letter iof hypothecation
- D. consular invoice
- E. ships manifest
The nominal capital of a company is the same as?
- A. authorized capital
- B. issued capital
- C. capital owned
- D. capital employed
- E. called-up capital
Buildings, machines and more vehicles used for purpose of production are examples of?
- A. current assets
- B. current liabilities
- C. working capital
- D. fixed assets
- E. liquid assets
Which of the following policies could be taken for a guaranteed life income?
- A. Endowment assurance
- B. Household policy
- C. Annuity
- D. personal accident insurance
- E. Consequential loss insurance