When the government gives up its ownership and control of a business to individuals, this is known as
- A. nationalization
- B. commercialization
- C. privatization
- D. indigenization
Which of the following mode of transport involves the use of tramps?
- A. Land transport
- B. Sea transport
- C. Air transport
- D. Pipeline
Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.
What is the cost of goods sold
- A. #30,000
- B. #25,000
- C. #20,000
- D. #15,000
Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.
What is the percentage of expenses over cost?
- A. 50%
- B. 33%
- C. 25%
- D. 17%
Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.
What is the percentage of expenses over cost?
- A. 50%
- B. 33%
- C. 25%
- D. 17%
Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000
What was his net profit?
- A. #35,000
- B. #25,000
- C. #15,000
- D. #5,000
Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000
What was his net profit?
- A. #35,000
- B. #25,000
- C. #15,000
- D. #5,000
Which of the following ancillary services makes it possible for goods to be where they are required?
- A. Communication
- B. Banking
- C. Transportation
- D. Insurance
Which of the following ancillary services makes it possible for goods to be where they are required?
- A. Communication
- B. Banking
- C. Transportation
- D. Insurance
A firm on the stock exchange which agrees to buy shares not bought after a public offer is
- A. a broker
- B. a stag
- C. a jobber
- D. an underwriter
A firm on the stock exchange which agrees to buy shares not bought after a public offer is
- A. a broker
- B. a stag
- C. a jobber
- D. an underwriter
Which of the following is not a function of a retailer?
- A. Providing after sales services
- B. Stocking variety of goods
- C. Selling in small unites to the consumers
- D. Financing manufacturers
Which of the following is not a function of a retailer?
- A. Providing after sales services
- B. Stocking variety of goods
- C. Selling in small unites to the consumers
- D. Financing manufacturers
The publication of facts from a firm’s product is called
- A. merchandizing
- B. exhibition
- C. feature articles
- D. mass advertising
The publication of facts from a firm’s product is called
- A. merchandizing
- B. exhibition
- C. feature articles
- D. mass advertising
Which of the following is not contained in a deed of partnership?
- A. Names and addresses of partners
- B. Ratio for sharing profits and losses
- C. Investment of each partner
- D. Rate of taxation
Which of the following is not contained in a deed of partnership?
- A. Names and addresses of partners
- B. Ratio for sharing profits and losses
- C. Investment of each partner
- D. Rate of taxation
The practice of selling the product below the cost price to attract customers to a shop is known as
- A. hedging
- B. loss leader
- C. skimming
- D. under-invoicing
Which of the following is not a feature of co-operative society?
- A. Owners are the customers
- B. Capital can be repaid to a member
- C. Votes are according to shares held
- D. Dividend is based on patronage
Which of the following is not a feature of co-operative society?
- A. Owners are the customers
- B. Capital can be repaid to a member
- C. Votes are according to shares held
- D. Dividend is based on patronage
Government financial grants is a source of capital to a
- A. partnership
- B. public limited company
- C. public corporation
- D. co-operative society