one disadvantage of advertising is that it
- A. could be misleading
- B. reduce sales
- C. reduce profit
- D. causes over stocking
the worth of a life assurance policy before its maturity date is?
- A. residual value
- B. surrender value
- C. accrued value
- D. assured value
Risk bearing in a business organisation is a function of the?
- A. employees
- B. entrepreneur
- C. customer
- D. manager
The process of buying, selling and distribution of goods and services is
- A. retail trade
- B. commerce
- C. marketing
- D. marketing concept
when a cheque is paid on a bank on which it is drawn, the cheque is
- A. discounted
- B. debited
- C. credited
- D. cleared
fidelity guarantee insurance is a cover against loss arising from
- A. trade debt
- B. personal accident
- C. dishonest staff
- D. fire disaster
when an importer has been overcharged for goods supplied, the exporter issues him with a?
- A. debit note
- B. preforma invoice
- C. letter of credit
- D. credit note
A clean bill of lading is so called because?
- A. it shows record of damaged goods
- B. it is not a stained bill
- C. it is a document of authority
- D. it shows no record of damaged goods
| N | |
| premises | 32,000 |
| motor vehicle | 15,000 |
| debtors | 15,000 |
| stock | 20,000 |
| creditors | 10,000 |
the value of fixed assets
- A. N72,000
- B. N47,000
- C. N35,000
- D. N25,000
| N | |
| premises | 32,000 |
| motor vehicle | 15,000 |
| debtors | 15,000 |
| stock | 20,000 |
| creditors | 10,000 |
what is the value of working capital
- A. N47,000
- B. N35,000
- C. 25,000
- D. 10,000
| N | |
| premises | 32,000 |
| motor vehicle | 15,000 |
| debtors | 15,000 |
| stock | 20,000 |
| creditors | 10,000 |
The value of current assets is?
- A. N35,000
- B. N32,000
- C. N25,000
- D. N10,000
which of the following allows a drawer of a document to correct any error
- A. C.I.F
- B. I.O.U
- C. C.W.O
- D. E.O.E
which of the following occupations are classified under the extractive industry
(i) cattle rearing, lumbering and farming
(ii) mining, quarrying and hunting
(iii) ship building, road construction and iron bending
(iv) singing, dancing and tailoring
- A. i and iii only
- B. i, ii and iv
- C. i and ii
- D. ii, iii and iv
lack of permanent record for the message reciever is a disadvantage of?
- A. television
- B. direct mail
- C. cataloque
- D. magazine
An economy policy which encourages governement ownership of business is called?
- A. privatization
- B. nationalization
- C. indigenization
- D. commercialization
in a law of contract, a counter offer operates as?
- A. an acceptance
- B. a consensus
- C. a rejection
- D. a contract
which of the following legislations aims primarily at protection of consumers
- A. law of contract
- B. trade description act
- C. company's act
- D. partnership act
The organized efforts of consumers to protect themselves against the unfair practices of businessmen is?
- A. strike
- B. consumerism
- C. picketing
- D. demonstration
The main concern of commerce is?
- A. create wealth
- B. buy and sell goods and services
- C. exchange and distribution of goods and services
- D. satisfy all human wants
which of the folloing is an example of life insurance
- A. third party policy
- B. comprehensive policy
- C. fidelity guaranteed policy
- D. endowment policy
Another name for a dishonoured cheque is?
- A. an order cheque
- B. a bounced cheque
- C. a bearer cheque
- D. an open cheque