Which of the following mostly serves as a useful promotional device for consumer goods?
- A. Trade mark
- B. Labelling
- C. Standardization
- D. Grading
- E. Packaging
Which of the following mostly serves as a useful promotional device for consumer goods?
- A. Trade mark
- B. Labelling
- C. Standardization
- D. Grading
- E. Packaging
Which of the following monitors people’s opinion about a firm and takes measures to correct adverse impressions?
- A. Public Relations
- B. Advertising
- C. Sales Promotion
- D. Exhibitions
- E. Trade Fairs
Which of the following monitors people’s opinion about a firm and takes measures to correct adverse impressions?
- A. Public Relations
- B. Advertising
- C. Sales Promotion
- D. Exhibitions
- E. Trade Fairs
The intangible benefits arising from the business connections and reputation of a firm is called
- A. interest
- B. goodwill
- C. commission
- D. bonus
- E. dividend
The reorganization of public enterprises to operate as profit-making ventures is known as
- A. privatization
- B. nationalization
- C. indeginization
- D. commercialization
- E. harmonization
Food and Drugs Act, Weights and Measure Act, Standards Organization of Nigeria, etc are aimed at
- A. raising revenue for government
- B. regulating balance for trade
- C. checking exports
- D. controlling dumping
- E. protecting consumers
Which of the following is a characteristic of a private company?
- A. There is no limit to the number of members
- B. Shares and debentures are freely offered to the public
- C. Shares are not dealt in on the stock exchange
- D. It cannot commence trading on receipt of certificate of incorporation
- E. there is no statutory general meeting
Which of the following is a characteristic of a private company?
- A. There is no limit to the number of members
- B. Shares and debentures are freely offered to the public
- C. Shares are not dealt in on the stock exchange
- D. It cannot commence trading on receipt of certificate of incorporation
- E. there is no statutory general meeting
Which of the following is not a means by which banks facilitate foreign trade?
- A. Currency exchange
- B. Letter of credit
- C. Open market operations
- D. Discounting Bills of exchange
- E. Trade reference
Which of the following is not a means by which banks facilitate foreign trade?
- A. Currency exchange
- B. Letter of credit
- C. Open market operations
- D. Discounting Bills of exchange
- E. Trade reference
A carton of spoons valued at #3,000.00 was invoiced at #300 only. Which of the following documents would be used by the seller to correct the error?
- A. A credit note for #3,300.00
- B. A debit note for #3000.00
- C. A credit note for #2,700.00
- D. An invoice for #300.00
- E. A debit note for #2,700.00
An organized market for securities is called
- A. Money Market
- B. Future Market
- C. Stock Exchange Market
- D. Spot Market
- E. Hyper Market
The cost of goods sold divided by the average stock held during a trading period gives the
- A. gross profit
- B. net profit
- C. net sales
- D. rate of stock turnover
- E. sum of the opening and closing stock
A common carrier is
- A. a car hire company
- B. one who engages in the transportation of passengers only
- C. an apprentice who helps his master to carry goods
- D. a dealer in various brands of vehicles
- E. one who engages in the transportation of goods and passengers for a fee
A common carrier is
- A. a car hire company
- B. one who engages in the transportation of passengers only
- C. an apprentice who helps his master to carry goods
- D. a dealer in various brands of vehicles
- E. one who engages in the transportation of goods and passengers for a fee
Which of the following is issued to the exporter or his agent when the goods has been loaded in the ship?
- A. Bill of exchange
- B. Mate's reciept
- C. Ship's manifest
- D. Bill of sight
- E. Customs declaration form
Which of the following is issued to the exporter or his agent when the goods has been loaded in the ship?
- A. Bill of exchange
- B. Mate's reciept
- C. Ship's manifest
- D. Bill of sight
- E. Customs declaration form
Which of the following is not a characteristic of Charter party?
- A. It is a contract for carriage by sea
- B. Its document shows freight charges and destination
- C. There are time, voyage and charter by demise
- D. The whole or part of a ship is leased
- E. An association of ship owners
Which of the following is not a characteristic of Charter party?
- A. It is a contract for carriage by sea
- B. Its document shows freight charges and destination
- C. There are time, voyage and charter by demise
- D. The whole or part of a ship is leased
- E. An association of ship owners
Which of the following is a disadvantage of air transport?
- A. High speed
- B. Less risk
- C. High cost
- D. Moves on schedule
- E. Conveys perishable goods