(a) What is planning?
(b) Explain five advantages of delegation of authority.
(a) Describe four obligations of the employer to the employee.
(b) State four duties of the employee to the employer.
(a) What is personal selling?
(b) Explain four reasons why firms engage in personal selling.
Explain five ways by which NITEL has contributed to the success of business in Nigeria.
(a) Distinguish between commercial banks and merchant banks.
(b) Explain each of the following:
(i) Order cheque
(ii) Bearer cheque
(iii) Certified cheque
(iv) Non-Negotiable cheque.
(a) What is transportation by pipeline?
(b) Explain any four advantages and four disadvantages of transportation by pipeline.
(a) What is production?
(b) Explain the different activities involved in industrial, commercial and service occupations.
(a) Who is an agent?
(b) Give six duties of an agent.
(c) State three rights of an agent.
Explain any five ways in which nationalised industries differ from public limited companies.
(a) What is Credit?
(b) Explain three ways by which banks grant credit to customers.
(c) Give two advantages and three disadvantages of credit sales.
Those involved in obtaining the gifts of nature from land and sea are engaged in?
- A. Extractive occupation
- B. Manufacturing occupation
- C. Constructive occupation
- D. Commercial occupation
- E. Direct services
Which of the following is not a negotiable instrument?
- A. Share cerficate
- B. Cheque
- C. Bill of Exchange
- D. Dividend warrant
- E. Debenture
Which of the following is not a branch of Commerce?
- A. insurance
- B. Warehousing
- C. Trade
- D. Transport
- E. Computerisation
Which of the following is not a branch of commerce?
- A. Trade
- B. Transport
- C. Warehousing
- D. Production
- E. Banking
Which of the following is not a branch of commerce?
- A. Trade
- B. Transport
- C. Warehousing
- D. Production
- E. Banking
Which of the following indicates the manufacturer from whom goods are to be bought?
- A. Open indent
- B. Closed indent
- C. Consignment note
- D. Export invoice
- E. Certificate of origin
Which of the following indicates the manufacturer from whom goods are to be bought?
- A. Open indent
- B. Closed indent
- C. Consignment note
- D. Export invoice
- E. Certificate of origin
Which of the following is responsible for carrying oiut the monetary policy of a country?
- A. The Ministry of Finance
- B. international Monetary Fund
- C. Internal Revenue Board
- D. The Central Bank
- E. The World Bank
Which of the following is responsible for carrying oiut the monetary policy of a country?
- A. The Ministry of Finance
- B. international Monetary Fund
- C. Internal Revenue Board
- D. The Central Bank
- E. The World Bank
Firms merge in order to?
- A. discourage the employment of specialists
- B. encourage competition
- C. discourage the use of each other’s bye-products
- D. create a monopoly
- E. decrease the size of the business
Firms merge in order to?
- A. discourage the employment of specialists
- B. encourage competition
- C. discourage the use of each other’s bye-products
- D. create a monopoly
- E. decrease the size of the business