The main divisions of production are
- A. industry, direct and indirect services
- B. extraction, manufacturing and construction
- C. industry, commerce and direct services
- D. industry, commerce and trading
Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as
- A. invisible imports
- B. invisible exports
- C. visible imports
- D. vivible exports
Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as
- A. invisible imports
- B. invisible exports
- C. visible imports
- D. vivible exports
Which of the following is a means of payment?
- A. I.O.U
- B. Postal order
- C. Promissory note
- D. C.I.F
Manufacturers may sell goods directly to consumers where goods are i. made to customer’s specification ii. advertised by the manufacturer iii. perishable iv. highly technical v. widely demanded
- A. i,iii and iv only
- B. i and iii only
- C. iii,iv and v only
- D. iii and iv only
Manufacturers may sell goods directly to consumers where goods are i. made to customer’s specification ii. advertised by the manufacturer iii. perishable iv. highly technical v. widely demanded
- A. i,iii and iv only
- B. i and iii only
- C. iii,iv and v only
- D. iii and iv only
If Karamo who lives in The Gambia imports goods from Senegal and later sells them in Guinea Bissau; Karamo is engaged in
- A. multi-lateral trade
- B. counter trade
- C. barter trade
- D. entrepot trade
If Karamo who lives in The Gambia imports goods from Senegal and later sells them in Guinea Bissau; Karamo is engaged in
- A. multi-lateral trade
- B. counter trade
- C. barter trade
- D. entrepot trade
Taxes on imported foreign goods are also known as
- A. excise duties
- B. tariffs
- C. ad valorem taxes
- D. dock dues
The last link in the channel of distribution is the
- A. retailer
- B. consumer
- C. wholesaler
- D. producer
The last link in the channel of distribution is the
- A. retailer
- B. consumer
- C. wholesaler
- D. producer
Which of the following are elements of a valid contract?
- A. Dishcarge and performance
- B. Offer and acceptance
- C. Age and maturity
- D. Promise and capacity
One of the advantages of air transport over other forms of transport is
- A. safety
- B. flexibility
- C. cost
- D. speed
One of the advantages of air transport over other forms of transport is
- A. safety
- B. flexibility
- C. cost
- D. speed
That portion of the share capital which the company has asked the shareholders to pay for is known as
- A. authorized capital
- B. paid-up capital
- C. issued capital
- D. called-up capital
That portion of the share capital which the company has asked the shareholders to pay for is known as
- A. authorized capital
- B. paid-up capital
- C. issued capital
- D. called-up capital
The co-operative society that performs a combination of the functions of other types of cooperatives is called
- A. consumer cooperative
- B. multipurpose cooperative
- C. producer cooperative
- D. thrift and credit cooperative
The co-operative society that performs a combination of the functions of other types of cooperatives is called
- A. consumer cooperative
- B. multipurpose cooperative
- C. producer cooperative
- D. thrift and credit cooperative
Which of the following is used to inform the addressee that he has a registered parcel for collection?
- A. Counterfoil
- B. Express label
- C. Slip
- D. Telegram
Which of the following is not pre-sale service?
- A. Repair and maintenance work
- B. Providing detailed information about the goods to be purchased
- C. Demonstrating the use and performance of the products to be sold
- D. Setting up facilities for storing the product to be bought
Payment to a ship owner for carrying one’s cargo is
- A. demurrage
- B. fare
- C. dock due
- D. freight