The relationship between all imports and exports of a country is known as
- A. terms of trade
- B. balance of trade
- C. balance of payment
- D. terms of payment
The relationship between all imports and exports of a country is known as
- A. terms of trade
- B. balance of trade
- C. balance of payment
- D. terms of payment
Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller’s warehouse up to his own warehouse?
- A. F.O.R
- B. C.I.F
- C. F.A.S
- D. Loco
An issuing house is an outlet for
- A. new shares and bonds
- B. non-listed companies shares
- C. existing shares and bonds
- D. only gilt-edged securities
The development of trade in West Africa was aided by the
- A. emergence of traditional rulers
- B. arrival of the Portuguese
- C. Introduction of tax payment
- D. introduction of money
The development of trade in West Africa was aided by the
- A. emergence of traditional rulers
- B. arrival of the Portuguese
- C. Introduction of tax payment
- D. introduction of money
When consumers engage in actions that express dissatisfaction with the quantity, price and quality of goods available, such action is termed
- A. Consumer behaviour
- B. Consumerism
- C. Consumer education
- D. Consumer orientation
When consumers engage in actions that express dissatisfaction with the quantity, price and quality of goods available, such action is termed
- A. Consumer behaviour
- B. Consumerism
- C. Consumer education
- D. Consumer orientation
The essence of adopting marketing concept by a firm is the recognition that goods and services have no values unless they are
- A. desirable to customers
- B. company oriented
- C. beautifully packaged
- D. profit oriented
The essence of adopting marketing concept by a firm is the recognition that goods and services have no values unless they are
- A. desirable to customers
- B. company oriented
- C. beautifully packaged
- D. profit oriented
A false statement made by one party with an intention of inducing to enter into a contract with him is known as
- A. misrepresentation
- B. legal capacity
- C. consensus ad idem
- D. consideration
Which of the following is not a member of the Lake Chad Basin Commission
- A. Nigeria
- B. Chad
- C. Gabon
- D. Cameroun
The development of commerce was encouraged by the desire to
- A. get goods and services of others
- B. work with others
- C. create wealth for the nation
- D. satisfy all wants and needs
The development of commerce was encouraged by the desire to
- A. get goods and services of others
- B. work with others
- C. create wealth for the nation
- D. satisfy all wants and needs
The completion of the production process by grading and branding of goods is a function of the
- A. transporter
- B. wholesaler
- C. retailer
- D. consumer
The completion of the production process by grading and branding of goods is a function of the
- A. transporter
- B. wholesaler
- C. retailer
- D. consumer
Which of the following pieces of information would be found in a typical debit note
- A. Customer code
- B. Date of invoice
- C. Brief reason for the debit
- D. E & O.E
Which of the following pieces of information would be found in a typical debit note
- A. Customer code
- B. Date of invoice
- C. Brief reason for the debit
- D. E & O.E
Rights issue is the
- A. individual's right to be issued shares n subscription
- B. right of shareholders to voteon issues
- C. preferntial right to returns on shares
- D. shares offered to existing shareholders at a cheaper price
Rights issue is the
- A. individual's right to be issued shares n subscription
- B. right of shareholders to voteon issues
- C. preferntial right to returns on shares
- D. shares offered to existing shareholders at a cheaper price
The relationship which subsists between between two or more persons carrying on a business with a view to profit” is
- A. cooperative society
- B. partnership
- C. public limited company
- D. credit union