Life assurance premium is determined by the assured’s
- A. educational level
- B. age
- C. reputation
- D. number of children
Retail outlets that have identical store design, layout and stock display are
- A. multiple shops
- B. tied shops
- C. mobile shops
- D. supermarkets
Which of the following is sent by a supplier who does not want to sell on credit?
- A. Pro forma invoice
- B. Consular invoice
- C. Quotation
- D. Advice note
Which of the following occupations comes under the extractive industry?
i. Cattle-rearing, lumbering, farming
ii. Mining, quarrying, hunting
iii. Shipbuilding, road construction, iron bending
iv. Singing, dancing, barbing
- A. i, ii and iii only
- B. i, ii and iv only
- C. i and ii only
- D. ii and iii only
Which of the following occupations comes under the extractive industry?
i. Cattle-rearing, lumbering, farming
ii. Mining, quarrying, hunting
iii. Shipbuilding, road construction, iron bending
iv. Singing, dancing, barbing
- A. i, ii and iii only
- B. i, ii and iv only
- C. i and ii only
- D. ii and iii only
A person who invented a new machine for making beverages may protect his exclusive right by
- A. labelling the product
- B. obtaining a patent
- C. choosing a name for the product
- D. obtaining a trade mark
A person who invented a new machine for making beverages may protect his exclusive right by
- A. labelling the product
- B. obtaining a patent
- C. choosing a name for the product
- D. obtaining a trade mark
A shareholder who holds 100,000 shares of 50 butts each is given a dividend of 10 percent less 2 percent tax. What is his net return?
- A. D10,000.00
- B. 9,800.00
- C. D5,000.00
- D. D4,900.00
Which of the following is not a favorable condition under which personal selling can be practiced?
- A. When advertising entails relatively high costs
- B. When the market is concentrated
- C. When the market is dispersed
- D. When personal touch is needed
People who sell shares in anticipation of a fall in their value are called
- A. bears
- B. bulls
- C. brokers
- D. jobbers
Which of the following economic unions is made up of countries in West Africa only?
- A. ACP
- B. ECOWAS
- C. NATO
- D. ADB
Which of the following economic unions is made up of countries in West Africa only?
- A. ACP
- B. ECOWAS
- C. NATO
- D. ADB
The takeover by government of Sanking Sillah and Sons Ltd is referred to as
- A. privatization
- B. indigenization
- C. commercialization
- D. nationalization
The takeover by government of Sanking Sillah and Sons Ltd is referred to as
- A. privatization
- B. indigenization
- C. commercialization
- D. nationalization
One disadvantage of indigenization is that it
- A. discourages foreign control of an economy
- B. encourages local retention of profits
- C. encourages the participation of indigenes in economic development
- D. discourages foreign investment
One disadvantage of indigenization is that it
- A. discourages foreign control of an economy
- B. encourages local retention of profits
- C. encourages the participation of indigenes in economic development
- D. discourages foreign investment
Which of the following is not an advantage of marketing?
- A. Creation of demand
- B. Ensuring effective distribution of goods
- C. Implementing government regulations
- D. Application of marketing techniques
Which of the following is not an advantage of marketing?
- A. Creation of demand
- B. Ensuring effective distribution of goods
- C. Implementing government regulations
- D. Application of marketing techniques
A group of musicians can come together to form a
- A. chamber of commerce
- B. public corporation
- C. trade association
- D. trade union
A group of musicians can come together to form a
- A. chamber of commerce
- B. public corporation
- C. trade association
- D. trade union
A chamber of commerce normally consists of
- A. officials of the trade unions of commercial workers
- B. all the people engaged in one aspect of trading and manufacturing
- C. all the workers in one branch of commerce
- D. the people who represent a cross-section of business interests in a town