Which of the following is a pre-sales service to the consumer?
- A. Installement of the product
- B. Provision of credit facilities
- C. Maintenance of product for a period of time
- D. Transportation and delivery services
- E. Acceptance of damaged goods
An agreement to deliver goods in the future after payment of the final installment is known as?
- A. credit sales
- B. hire purchase
- C. conditional sale
- D. trade-in-sale
- E. leasing
An agreement to deliver goods in the future after payment of the final installment is known as?
- A. credit sales
- B. hire purchase
- C. conditional sale
- D. trade-in-sale
- E. leasing
Another name for a foreign order is
- A. consular invoice
- B. dock warrant
- C. standing order
- D. indent
- E. Pro forma invoice
Another name for a foreign order is
- A. consular invoice
- B. dock warrant
- C. standing order
- D. indent
- E. Pro forma invoice
Which of the following is not a function of the Nigerian Airport Authority?
- A. Maintains the buildings and tarmac
- B. Collects airport taxes
- C. Controls movement of aircrafts
- D. Maintains all aircrafts in the country
- E. Maintains security
Which of the following is not a negotiable instrument?
- A. Invoice
- B. Money order
- C. Cheque
- D. Promissory note
- E. Bill of exchange
Which of the following describes the marketing mix?
- A. Distribution, production policy, promotion, pricing policy
- B. Product planning, development , market research, price
- C. Product, Price, place, development
- D. Communication, advertising, pricing, promotion
- E. Advertising, pricing, development, communication
Which of the following describes the marketing mix?
- A. Distribution, production policy, promotion, pricing policy
- B. Product planning, development , market research, price
- C. Product, Price, place, development
- D. Communication, advertising, pricing, promotion
- E. Advertising, pricing, development, communication
A document issued to a buyer showing the quantity description and prices of goods bought is called
- A. a catalogue
- B. an invoice
- C. a price list
- D. an order
- E. an advice note
A document issued to a buyer showing the quantity description and prices of goods bought is called
- A. a catalogue
- B. an invoice
- C. a price list
- D. an order
- E. an advice note
The reward of entrepreneurship as a factor of production is
- A. interest
- B. commission
- C. profit
- D. salary
- E. rent
Movement of commercial vehicles in Nigeria is controlled by the
- A. Nigerian Ports Authority
- B. National Association of Road Transport Workers
- C. Federal Ministry of Transport
- D. Nigerian Customs Authority
- E. Nigerian Airports Authority
Movement of commercial vehicles in Nigeria is controlled by the
- A. Nigerian Ports Authority
- B. National Association of Road Transport Workers
- C. Federal Ministry of Transport
- D. Nigerian Customs Authority
- E. Nigerian Airports Authority
Key industries and those requiring huge capital are usually established as
- A. public corporations
- B. public limited companies
- C. private limited companies
- D. holding companies
- E. partnerships
The management and control of co-operative societies are in the hands of the
- A. contributors
- B. Board of Directors
- C. Committee
- D. Financial controller
- E. Registrar
The management and control of co-operative societies are in the hands of the
- A. contributors
- B. Board of Directors
- C. Committee
- D. Financial controller
- E. Registrar
On which of the following grounds may a company be compulsorily wound up?
- A. the company is making abnormal profits
- B. it did not declare dividends every year
- C. its products compete with that of a government company
- D. it fails to commence business within a year of its incorporation
- E. it fails to make profit within a year of its incorporation
Who among the following is not engaged in a commercial occupation
- A. a stock brocker
- B. an engineer
- C. a banker
- D. a common carrier
- E. an advertising agent
The two main branches of trade are
- A. commerce and aids to trade
- B. home and foreign trade
- C. foreign and entreport trade
- D. whole sale and retail trade
- E. visible and invisible trade
Commerce is concerned mainly with the
- A. production of goods and services
- B. distribution of goods and services
- C. consumption of goods and services
- D. storing of goods
- E. advertising of goods