(a) State five objectives of establishing the Economic Community of West African States
(b) Give five reasons why the Lake Chad Basin Commission was established.
Explain five reasons for consumer protection, stating in each case one relevant government law aimed at the enforcement.
(a) Give five reasons why a life assurance policy may be taken
(b) Describe any five insurance policies which a large department shop owner may take.
(a) Explain five factors which determine the span of control
(b) Give five functions of the personnel department in a business establishment.
(a) Describe five ways by which commercial banks aid international trade
(b) State and explain five functions of the Nigerian Export Promotion Council
(a) What is an advertising medium?
(b) State any five factors to be considered before choosing a particular advertis-ing medium.
(c) Give eight examples of advertising media
(a) Identify four environmental factors that affect business
(b) Explain how each of the factors mentioned in (a) above affects business operations
Explain five services of each of the following;
(a) Courier firms
(b) NITEL
(a)Give six features of a public company
(b)Explain four reasons for winding up a public limited company
Explain any five reasons why commerce is important in the life of a nation
When a bill of exchange is signed by a debtor, it is said to be
- A. accepted
- B. negotiated
- C. honoured
- D. protested
- E. accomodated
The payment made to the insured for loss incurred is
- A. premium
- B. indemnity
- C. ex gratia payment
- D. surrender value
- E. interest
When an industry is nationalized, ownership belongs to the
- A. private investors
- B. indigenes
- C. state
- D. shareholders
- E. foreigners
Mr Ojo paid Nnamdi the sum of #3,000 for a piece of land without their signing any deed of sale. Which of the following elements of contract is lacking in the transaction?
- A. Valuable consideration
- B. Formality
- C. Offer and acceptance
- D. Capacity
- E. Consensus ad idem
An agent with authority to bind his principal in everything, provided he acts lawfully is called
- A. a del credere agent
- B. a special agent
- C. a universal agent
- D. a factor
- E. an aunctioneer
The art of combining human, material and other resources to achieve the stated goals of a business is known as
- A. planning
- B. controlling
- C. motivation
- D. directing
- E. organizing
The art of combining human, material and other resources to achieve the stated goals of a business is known as
- A. planning
- B. controlling
- C. motivation
- D. directing
- E. organizing
A restriction on the quantity of a commodity that could be imported is known as
- A. licence
- B. price control
- C. quota
- D. tariff
- E. ban
A restriction on the quantity of a commodity that could be imported is known as
- A. licence
- B. price control
- C. quota
- D. tariff
- E. ban
Which of the following is not a function of merchant banks?
- A. Granting long term loans
- B. Advising corporate institutions
- C. Underwriting shares
- D. Discounting bills
- E. Printing new bank notes
Which of the following is not a function of merchant banks?
- A. Granting long term loans
- B. Advising corporate institutions
- C. Underwriting shares
- D. Discounting bills
- E. Printing new bank notes