which of the following workers is engaged in construction occupation
- A. mason
- B. shop assistant
- C. farmer
- D. train driver
| opening stock | D6,000 |
| purchases | D23,000 |
| salaries and wages | D12,000 |
| closing stock | D8,000 |
| sales | D30,000 |
Use the information above to answer the following question.
what is the rate of turnover by BYX Enterprise
- A. 5.0 times
- B. 3.5 times
- C. 3.0 times
- D. 1.5 times
| opening stock | D6,000 |
| purchases | D23,000 |
| salaries and wages | D12,000 |
| closing stock | D8,000 |
| sales | D30,000 |
Use the information above to answer the following question.
calculate the gross profit by BYX Enterprise
- A. D13,000
- B. D9,000
- C. D5,000
- D. D1,000
Which of the following activities is classified under extractive industry?
- A. exploration of minerals
- B. construction of roads
- C. canning of tomatoes purees
- D. assembling of cars
The term consumer sovereignty means that?
- A. seller is the king
- B. product is supreme
- C. buyer is the king
- D. producer is the king
Which of the following aids to trade is used to stimulate demand for goods
- A. banking
- B. transport
- C. insurance
- D. advertising
Use the following information to answer the question
Bamidele co. ltd has authorized capital of 40,000,000, ordinary shares of N4 each. shares issues and fully paid are 25,000,000
The value of bamidele authorized share capital is?
- A. N160,000,000
- B. N100,000,000
- C. N65,000,000
- D. N40,000,000
An association that protects the interest of members in the same line of business is?
- A. consumer association
- B. trade union
- C. trade association
- D. chamber of commerce
Which of the following means of payment makes the bank both the drawer and drawee
- A. standing order
- B. bill of exchange
- C. bank draft
- D. open cheque
How many countries make up the River Niger Basin commission
- A. 16
- B. 12
- C. 10
- D. 9
When a government acquires business enterprises formerly owned by individuals, it is termed?
- A. commercialization
- B. indigenization
- C. privatization
- D. nationalization
Which of the following aids to trade facilitates production ahead of demand
- A. insurance
- B. transport
- C. advertising
- D. warehousing
Dividing the market for a product according to potential buyers who have common characteristics is?
- A. market analysis
- B. market penetration
- C. market segmentation
- D. market research
The insurance services rendered to a foreign shipping company are treated as?
- A. invisible export
- B. invisible imports
- C. visible export
- D. balance of payment
A professional in insurance who evaluates the level of loss claims is
- A. adjuster
- B. accessor
- C. underwriter
- D. an actuary
An extra commission paid to an agent who guarantees credit sales made by him is?
- A. del credere
- B. guarantors fee
- C. jobber's turn
- D. brokerage
The practice of giving a particular name to a product by a manufacturer is
- A. branding
- B. standardization
- C. publicity
- D. advertising