Business losses in nationalized industries are borne by the
- A. Shareholders
- B. Debenture holders
- C. Board of directors
- D. Public
Which of the following is not an economic grouping?
- A. ECOWAS
- B. GATT
- C. ECOMOG
- D. EEC
The task of grouping consumers according to their buying habits is known as market
- A. diversification
- B. development
- C. expansion
- D. segmentation
The task of grouping consumers according to their buying habits is known as market
- A. diversification
- B. development
- C. expansion
- D. segmentation
Direct selling by a producer to a consumer is possible when the
- A. goods have to be made on demand
- B. manufacturer has a good knowlegde of the market
- C. customer buys in small quantities
- D. goods are fashionable
Direct selling by a producer to a consumer is possible when the
- A. goods have to be made on demand
- B. manufacturer has a good knowlegde of the market
- C. customer buys in small quantities
- D. goods are fashionable
A manufacturer of machinery who wants to reduce cost of promotion can use
- A. samples
- B. public relations techniques
- C. showrooms
- D. catalogues
A manufacturer of machinery who wants to reduce cost of promotion can use
- A. samples
- B. public relations techniques
- C. showrooms
- D. catalogues
Which of the following is a disadvantage of canal transport? it is
- A. narrow and cannot support big vessels
- B. not suitable for small ferriers
- C. often for short journey
- D. suitable for carrying only goods
Which of the following is the fastest means of sending a document from one place to another?
- A. Facsimile
- B. Courier service
- C. Express mail
- D. Registered mail
One advantage of communication by telephone is
- A. the conversation can be very short
- B. it is less expensive
- C. feedback is instantenous
- D. the conversation is strictly private
One advantage of communication by telephone is
- A. the conversation can be very short
- B. it is less expensive
- C. feedback is instantenous
- D. the conversation is strictly private
Which of the following qualities of money is generally undermined by inflation?
- A. Stability
- B. Scarcity
- C. Durability
- D. Portability
Which of the following qualities of money is generally undermined by inflation?
- A. Stability
- B. Scarcity
- C. Durability
- D. Portability
The counterfoil of a cheque book enables the drawer to
- A. request for a new cheque book
- B. reconcile his book of accounts
- C. know who the debtors are
- D. obtain an overdraft from the bank
The counterfoil of a cheque book enables the drawer to
- A. request for a new cheque book
- B. reconcile his book of accounts
- C. know who the debtors are
- D. obtain an overdraft from the bank
If a company is described as “listed” it means
- A. its shares can be traded on the stock exchange
- B. It is about to be voluntarily liquidated
- C. it is duly registered by the registrar of companies
- D. it has been blacklisted
Notes and coins are legal tender because they are
- A. printed by the Central Bank
- B. backed by law
- C. backed by gold
- D. issued by all banks
Insurance is necessary because of the need to
- A. pool resources together
- B. meet uncertainties in future
- C. make profit
- D. lend money to individuals
Insurance is necessary because of the need to
- A. pool resources together
- B. meet uncertainties in future
- C. make profit
- D. lend money to individuals
Government can borrow money from the public through
- A. the issuing of treasury bills
- B. increasing taxation
- C. increasing the lending rate
- D. establishing more banks