The agency in Nigeria which ensure that products conform to government quality specification is the
- A. Nigerian consumers’ association
- B. Manufacturers' Association of Nigeria
- C. Standard Organization of Nigeria
- D. Nigerian Chamber of commerce
The major determinant of fire insurance premium is the
- A. Owner of the property
- B. usefulness of the property to the owner
- C. Type and structure of the property to be insured
- D. extent of fire damaged anticipated.
The major determinant of fire insurance premium is the
- A. Owner of the property
- B. usefulness of the property to the owner
- C. Type and structure of the property to be insured
- D. extent of fire damaged anticipated.
In product pricing, which of these elements need more consideration than others?
- A. The cost of producing the product
- B. The economic conditions in the market
- C. the demography of the buyers of the product
- D. The demand for the product
In product pricing, which of these elements need more consideration than others?
- A. The cost of producing the product
- B. The economic conditions in the market
- C. the demography of the buyers of the product
- D. The demand for the product
Which of the following is classified as an immaterial want?
- A. Protection
- B. Raw materials
- C. Machines
- D. Goods and Services
Which of the following is classified as an immaterial want?
- A. Protection
- B. Raw materials
- C. Machines
- D. Goods and Services
The development of commerce in west Africa was not hampered by
- A. Inadequate capital
- B. Inadequate means of transportation
- C. Insurance
- D. Low savings
The development of commerce in west Africa was not hampered by
- A. Inadequate capital
- B. Inadequate means of transportation
- C. Insurance
- D. Low savings
A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
- A. Bank draft
- B. Bankers’ order
- C. Promissory note
- D. Travelers cheque
A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank
- A. Bank draft
- B. Bankers’ order
- C. Promissory note
- D. Travelers cheque
The world tourism organization has it headquarters in
- A. New York
- B. Madrid
- C. Paris
- D. London
The world tourism organization has it headquarters in
- A. New York
- B. Madrid
- C. Paris
- D. London
When an oil exploring and mining company builds a health centre in one community where at operates, such a company is
- A. Carrying favour from local people
- B. finding a way to spend excess profit
- C. Fulfilling part of its social responsibility
- D. Investing its idle fund
When an oil exploring and mining company builds a health centre in one community where at operates, such a company is
- A. Carrying favour from local people
- B. finding a way to spend excess profit
- C. Fulfilling part of its social responsibility
- D. Investing its idle fund
The vessels that operate on specific route on high seas and oceans are
- A. Coastal Liners and Cargo Liners
- B. Cargo Liners and Tramp liners
- C. Passenger liners and Tramp liners
- D. Passenger Liners and Cargo Liners
\(\begin{array}{c|c}
N & N \\
\hline
\text{Capital 8000} & \text{Plant and machinery5000} \\
\hline
\text{Net profit 4000} & \text{Motor van 4500} \\
\hline
\text{Drawings 200} & \text{Stock 2000} \\
\hline
\text{Creditors 2000} & \text{Debtor 1000} \\
\hline
\text{Accruals 300} & \text{Bank 100} \\
\hline
& \text{Cash 600} \\
\hline
14100 & 14100 \\
\end{array}\)
What is the acid ratio?
- A. 1.13 : 1
- B. 2 : 1
- C. 4.75 : 1
- D. 4.25 : 1
An advertising campaign designed to sell one’s own products at the expense of other brands is
- A. competitive
- B. persuasive
- C. direct
- D. informative
An advertising campaign designed to sell one’s own products at the expense of other brands is
- A. competitive
- B. persuasive
- C. direct
- D. informative
The place where bankers meet daily to exchange cheques drawn on each other is known as
- A. capital market
- B. money market
- C. clearing house
- D. discount houses
The place where bankers meet daily to exchange cheques drawn on each other is known as
- A. capital market
- B. money market
- C. clearing house
- D. discount houses