In foreign trade, a country specializes in the production of a commodity in which it has?
- A. high production potentials
- B. the greatest relative advantage
- C. a large market
- D. political influence
- E. the highest relative cost
In foreign trade, a country specializes in the production of a commodity in which it has?
- A. high production potentials
- B. the greatest relative advantage
- C. a large market
- D. political influence
- E. the highest relative cost
Commerce increases the utility of goods by making them available when they are wanted. This function is performed by the use of?
- A. banks
- B. insurance
- C. transport
- D. advertising
- E. warehousing
Commerce increases the utility of goods by making them available when they are wanted. This function is performed by the use of?
- A. banks
- B. insurance
- C. transport
- D. advertising
- E. warehousing
The difference between the value of imports of goods for a particular year is known as?
- A. balance of payment
- B. balance sheet
- C. balance of trade
- D. terms of trade
- E. terms of payment
A charge is specified cross if?
- A. it has two parallel lines across it
- B. the words & Co are written in between the lines?
- C. the name of a bank is written across it
- D. the words not negotiable are written across it
- E. the name of the banker on the cheque
Which of the following is not a reason for dishonoring a cheque?
- A. Irregular signature
- B. Signed alteration on the cheque
- C. Insufficient fund in drawer's account
- D. Drawers stopped payment on time
- E. Amount in words differs from what written in figures
The abbreviation IDAPOLY on the letter – headed papers of the federal polytechnic Idah is an example of a?
- A. cablegram
- B. postmark
- C. post code
- D. telegraphic address
- E. multiple address telegram
The abbreviation IDAPOLY on the letter – headed papers of the federal polytechnic Idah is an example of a?
- A. cablegram
- B. postmark
- C. post code
- D. telegraphic address
- E. multiple address telegram
One means of making payment through NIPOST is the?
- A. cheque
- B. money order
- C. standing order
- D. promissory order
- E. counterfoil
One means of making payment through NIPOST is the?
- A. cheque
- B. money order
- C. standing order
- D. promissory order
- E. counterfoil
The document issued to a lender under a company’s seal acknowledging a debt is called?
- A. stock
- B. share
- C. dividend warrant
- D. debenture
- E. mortgage
Any paid form of non-presentation of goods services by an identified sponsor is known as?
- A. merchandising
- B. advertising
- C. publicity
- D. public relations
- E. sales promotion
A sales agreement whereby the buyer takes possession but not title to goods is called?
- A. mortgage
- B. auction sale
- C. deferred payment
- D. hire purchase
- E. warranty
A sales agreement whereby the buyer takes possession but not title to goods is called?
- A. mortgage
- B. auction sale
- C. deferred payment
- D. hire purchase
- E. warranty
Which of the following is the quickest and most accurate means id communication?
- A. Telegram
- B. Express mail
- C. Courier service
- D. Telex
- E. Railex
Which of the following is the quickest and most accurate means id communication?
- A. Telegram
- B. Express mail
- C. Courier service
- D. Telex
- E. Railex
The difference between cost and selling prices gives?
- A. Trading account
- B. net profit/loss
- C. gross profit or loss
- D. appropriation `
- E. balance sheet
The difference between cost and selling prices gives?
- A. Trading account
- B. net profit/loss
- C. gross profit or loss
- D. appropriation `
- E. balance sheet
The abbreviation ECOWAS stands for?
- A. Economic Community of West African States
- B. Economic Communion of West African States
- C. Economic Council Of West African States
- D. Economics Council of West African States
- E. Economics Cooperation of west African States
Which of the following markets functions involves the actual movement of goods?
- A. Exchange function
- B. Distribution function
- C. Facilitating function
- D. Marketing information function
- E. Stimulation function