The law stipulating that labels should contain full details about a product is known as the
- A. Hire-purchase Act
- B. Price Control Act
- C. Standards Organisation of Nigeria Act
- D. Trade description Act
- E. Sale of Goods Act
Which of the following is not considered when siting a retail shop?
- A. Advertising
- B. Rent
- C. Accessibilty
- D. Target population
- E. Proximity to source of supply
Which of the following is not covered by fire insurance policy?
- A. Consequential loss
- B. Gas explosion
- C. Domestic boilers
- D. Lightning
- E. Kerosene explosion
Which of the following is not covered by fire insurance policy?
- A. Consequential loss
- B. Gas explosion
- C. Domestic boilers
- D. Lightning
- E. Kerosene explosion
The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called
- A. uberrimae fidei
- B. indemnity
- C. proximate cause
- D. insurable interest
- E. contribution
The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called
- A. uberrimae fidei
- B. indemnity
- C. proximate cause
- D. insurable interest
- E. contribution
The Stock Exchange does not deal in
- A. shares
- B. treasury bills
- C. debentures
- D. stocks
- E. bonds
The compensation given to brokers who sell shares to jobbers is called
- A. premium
- B. commission
- C. salary
- D. interest
- E. dividend
The compensation given to brokers who sell shares to jobbers is called
- A. premium
- B. commission
- C. salary
- D. interest
- E. dividend
Which of the following is the basic principle of marketing concept?
- A. Seller-oriented
- B. Producer-oriented
- C. Consumer-oriented
- D. Manufacturer-oriented
- E. Product-oriented
Which of the following is not an acceptable collateral security for a bank loan?
- A. Certificate of occupancy
- B. Life assurance policy
- C. Lien on deposit account
- D. Family building
- E. Warehouse warrant
Debenture is an example of
- A. fixed capital
- B. share capital
- C. loan capital
- D. working capital
- E. circulating capital
Debenture is an example of
- A. fixed capital
- B. share capital
- C. loan capital
- D. working capital
- E. circulating capital
A retailer’s mark-up is his
- A. total cost less total sales
- B. total sales less total returns
- C. gross profit less expenses
- D. sales dividend be average stock
- E. selling price less cost price
The Manager,
Afribank,
Lagos.
Please pay to Great Nigeria Insurance Company, from my account, a sum of #125.00 at the end of every month until further notice, starting from this month.
The above instruction is a
- A. bill of exchange
- B. certified cheque
- C. promissory note
- D. standing order
- E. letter of credit
When a Public Limited Company is incorporated it means that
- A. it is entitled to commence business
- B. It has been given certificate of trading
- C. It has a legal existence
- D. its shares cannot be transffered
- E. it has to issue a statutory declaration
The aspect of management which ensures that there is no deviation from the set standards is called
- A. controlling
- B. planning
- C. commanding
- D. organizing
- E. directing
The aspect of management which ensures that there is no deviation from the set standards is called
- A. controlling
- B. planning
- C. commanding
- D. organizing
- E. directing
An established pattern of relationships among members of an organization is known as
- A. organizational behaviour
- B. organizational structure
- C. organizational manual
- D. organizational climate
- E. span of control
An established pattern of relationships among members of an organization is known as
- A. organizational behaviour
- B. organizational structure
- C. organizational manual
- D. organizational climate
- E. span of control
Span of control is defined as the
- A. authority of the supervisior
- B. qualification possessed by the supervisor
- C. number of staff in the organization
- D. number of surbodinates reporting directly to a supervisor
- E. ability of the supervisor to delegate authority