The provision of dredging and dry dock facilities at any sea port is the responsibility of
- A. Ports and Harbours Authority
- B. Customs and Excise Authority
- C. National Health Authority
- D. National Water and Electricity Authority
The provision of dredging and dry dock facilities at any sea port is the responsibility of
- A. Ports and Harbours Authority
- B. Customs and Excise Authority
- C. National Health Authority
- D. National Water and Electricity Authority
The place where dutiable goods are kept until the duties on them are paid is
- A. customs warehouse
- B. public warehouse
- C. bonded warehouse
- D. the wharf
The place where dutiable goods are kept until the duties on them are paid is
- A. customs warehouse
- B. public warehouse
- C. bonded warehouse
- D. the wharf
Which of the following trends in retailing provides the convenience of shopping without cash
- A. Automatic vending
- B. Self-service
- C. Credit card
- D. Window display
Which of the following trends in retailing provides the convenience of shopping without cash
- A. Automatic vending
- B. Self-service
- C. Credit card
- D. Window display
Which of the following assesses duties payable on imports and exports?
- A. Ports Authority
- B. Central Bank
- C. Customs and Excise Authority
- D. Export Promotion Council
An outright prohibition on the importation of goods to a country is referred to as
- A. quota
- B. tariff
- C. embargo
- D. devaluation
An association formed to protect the interests of buyers of various commodities is known as
- A. Chamber of commerce
- B. Employers association
- C. Consumers Association
- D. Manufacturers Association
Which of the following is not a duty of a credit union?
- A. Helping members to save
- B. Granting loans
- C. Advising on the use of funds
- D. Confirming members' indebtedness
Which of the following goods has the lowest rate of turnover?
- A. Staple foods
- B. office stationery
- C. Refrigerator
- D. School exercise books
When the public wants to buy more of a company’s share than has been offered for sale, the share is said to be
- A. rights issue
- B. over subscribed
- C. qouted at a premium
- D. over-valued
The following information relates to Mallam Amidu Kachella for the year ended 31/12/2005.
#
Opening stock 4,000
Purchases 16,000
Sales 30,000
Debtors 6,500
Creditors 4,200
Cash in hand 800
Closing stock 5,600
Bank overdraft 3,000
The average stock is
- A. #1,600
- B. #4,800
- C. #5,600
- D. #9,600
Which of the following is used only in international trade?
- A. Letter of inquiry
- B. Certificate of origin
- C. Pro-forma invoice
- D. Consignment note
The price quotation where the buyer uses his own means to collect goods from the producer’s warehouse is
- A. F.O.B
- B. ex-works
- C. F.A.S
- D. F.O.R
Which of the following groups of activities are commercial services
- A. Manufacturing, weaving and storing
- B. Vending, purchasing and banking
- C. Advertising, farming and harvesting
- D. Fishing, constructing and transporting
House builders belong to
- A. manufacturing industry
- B. constructive industry
- C. commercial occupation
- D. tertiary occupation
Labour and entrepreneur are examples of
- A. factors of production
- B. division of labour
- C. direct services
- D. primary production
The printing of catalogs is one of the costs associated with the operation of
- A. tied shops
- B. mobile shops
- C. mail order shops
- D. department stores
The printing of catalogs is one of the costs associated with the operation of
- A. tied shops
- B. mobile shops
- C. mail order shops
- D. department stores
Which of the following does not determine the size of a business unit
- A. the quality of its products
- B. the nature of the business
- C. the size of the market
- D. the size of capital