Small scale retail attracts a lot of new enterpreneurs in West Africa because
- A. many people have had good training in retail trade
- B. it is easy to succeed with the business
- C. banks are always ready to lend retailers
- D. only a small amouynt of capital is needed to start the business
- E. government exempts retailers from paying tax
Small scale retail attracts a lot of new enterpreneurs in West Africa because
- A. many people have had good training in retail trade
- B. it is easy to succeed with the business
- C. banks are always ready to lend retailers
- D. only a small amouynt of capital is needed to start the business
- E. government exempts retailers from paying tax
The document issued to a newly formed public company to commence business is called the
- A. certificate of incorporation
- B. articles of association
- C. memorandum of association
- D. trading certificate
- E. insurance certificate
The document issued to a newly formed public company to commence business is called the
- A. certificate of incorporation
- B. articles of association
- C. memorandum of association
- D. trading certificate
- E. insurance certificate
Which of the following is a non-indemnity insurance?
- A. Personal Accident Insurance
- B. Burglary Insurance
- C. Fire Insurance
- D. Consequential loss Insurance
- E. Third Party Insurance
Which of the following is a non-indemnity insurance?
- A. Personal Accident Insurance
- B. Burglary Insurance
- C. Fire Insurance
- D. Consequential loss Insurance
- E. Third Party Insurance
The law governing the operations of companies and partnership in Nigeria is the
- A. Nigerian Companies Decree
- B. Nigerian Partnership Act
- C. Nigerian Enterprises Promotion Decree
- D. Companies And Allied Matters Decree
- E. Sale of Goods Act
Which of the following is drawn up as a guide to the running of a Partnership?
- A. Deed of Agreement
- B. Partnership Act
- C. Memorandum of Association
- D. Prospectus
- E. Articles of Association
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
- A. The Nigerian Capital Market Association
- B. The Securities and Exchange Commmission
- C. The Nigerian Deposit Insurance Commission
- D. The Nigerian Reinsurance Corporation
- E. The Central Bank of Nigeria
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
- A. The Nigerian Capital Market Association
- B. The Securities and Exchange Commmission
- C. The Nigerian Deposit Insurance Commission
- D. The Nigerian Reinsurance Corporation
- E. The Central Bank of Nigeria
Goods in bonded warehouses are under the strict supervision of the
- A. Customs Authority
- B. Ports Authority
- C. Importer
- D. Clearing agent
- E. Exporter
Goods in bonded warehouses are under the strict supervision of the
- A. Customs Authority
- B. Ports Authority
- C. Importer
- D. Clearing agent
- E. Exporter
The price charged for leasing a ship is known as
- A. way bill
- B. haulage
- C. clean bill
- D. freight
- E. demurrage
The price charged for leasing a ship is known as
- A. way bill
- B. haulage
- C. clean bill
- D. freight
- E. demurrage
Mr Chidi insured his house against fire. The house was destroyed by flood. Which of the following principles prevented him from being compensated?
- A. Uberrimae fidei
- B. Subrogation
- C. Indemnity
- D. Proximate cause
- E. Insurable interest
Which of the following may serve as delivery note?
- A. Debit note
- B. Credit note
- C. Invoice
- D. Advice note
- E. Statement of account
Which of the following may serve as delivery note?
- A. Debit note
- B. Credit note
- C. Invoice
- D. Advice note
- E. Statement of account
Specialization is possible as a result of
- A. good roads
- B. education
- C. demand for goods
- D. growth in population
- E. exchange
Specialization is possible as a result of
- A. good roads
- B. education
- C. demand for goods
- D. growth in population
- E. exchange
Another name for consignment note is
- A. qoutation
- B. waybill
- C. debit note
- D. receipt
- E. credit note
Another name for consignment note is
- A. qoutation
- B. waybill
- C. debit note
- D. receipt
- E. credit note