The amount of insurance premium to be paid depends on the
- A. supply and demand of a particular company's service
- B. extent of the possible loss and the frequency of the risk
- C. number of insurance companies in a place
- D. amount of profit to be made by the insurer
One of the objectives of ECOWAS is to
- A. promote indigenization policy
- B. ensure that quality goods are produced
- C. promote trade within the region
- D. discourage foreign investors
Which of the following is an objective of indigenization policy? To
- A. prevent all foreign interference in business
- B. encourage local participation in business
- C. prevent smuggling
- D. encourage more production
Which of the following is an objective of indigenization policy? To
- A. prevent all foreign interference in business
- B. encourage local participation in business
- C. prevent smuggling
- D. encourage more production
Abuse and monopoly of power by industrialists could lead to
- A. privatization
- B. commercialization
- C. nationalization
- D. indigenization
Abuse and monopoly of power by industrialists could lead to
- A. privatization
- B. commercialization
- C. nationalization
- D. indigenization
Musa entered into a contract to supply two cows to Aro. Before the agreed date of supply and without the knowledge of the two parties, thieves stole the cows. This is an example of termination of contract by
- A. default
- B. breach
- C. frustration
- D. performance
Which of the following is not an obstacle to the achievement of the objectives of ECOWAS
- A. lack of capital
- B. sabotage by other organizations
- C. lack of commitment of member states
- D. slow pace of development of member countries
When consumers are unaware of the quality of a product, the best advertising technique to use is
- A. informative advertising
- B. competitive advertising
- C. direct advertising
- D. indirect advertising
Activities aimed at boosting the image of an organization are regarded as
- A. sales promotion
- B. advertising
- C. public relations
- D. consumer protection
Activities aimed at boosting the image of an organization are regarded as
- A. sales promotion
- B. advertising
- C. public relations
- D. consumer protection
Any activity aimed at creating more markets for a product is
- A. packaging
- B. branding
- C. promotion
- D. merchandising
Any activity aimed at creating more markets for a product is
- A. packaging
- B. branding
- C. promotion
- D. merchandising
The mode of transport that conveys goods at low cost per unit is
- A. road
- B. rail
- C. pipeline
- D. air
The mode of transport that conveys goods at low cost per unit is
- A. road
- B. rail
- C. pipeline
- D. air
The main advantage of sea transport over air transport is
- A. capacity
- B. speed
- C. safety
- D. patronage
The main advantage of sea transport over air transport is
- A. capacity
- B. speed
- C. safety
- D. patronage
Which of the following proves that important documents have reached their destination?
- A. business reply services
- B. telegram services
- C. recorded delivery services
- D. express delivery services
Which of the following central bank functions inspires confidence in the banking system in case of emergency?
- A. issuing of currency
- B. lender of last resort
- C. baker's bank
- D. banker to the government
Which of the following central bank functions inspires confidence in the banking system in case of emergency?
- A. issuing of currency
- B. lender of last resort
- C. baker's bank
- D. banker to the government
The insurance policy which covers damages to the body of a ship is
- A. marine insurance
- B. cargo insurance
- C. ship liability insurance
- D. hull insurance