One of the functions of the Nigeria Ports Authority is the provision of
- A. carrier services to ensure speedy delivery
- B. facilities to enhance the speedy loading and offloading of cargoes
- C. facilities to ensure that goods get to the destinations
- D. shelter for operators of cargoes
Use the diagram above to answer this question
In the communication process. Y represents
- A. the encoder
- B. the initiator
- C. noise
- D. the medium
Use the diagram above to answer this question
X represents
- A. action
- B. receiver
- C. transmission
- D. ideation
One of the disadvantages of sole proprietorship is
- A. limited liability
- B. pride of ownership
- C. unlimited liability
- D. secrecy of annual reports
The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples. personal selling involves
- A. face-to-face communication with customers
- B. distributing instructional posters
- C. premium programming for Customers
- D. publishing promotional hooklets
Charges for loans paid by commercial banks to the Central Bank of Nigeria are called
- A. credit charges
- B. interest rates
- C. bank charges
- D. bank rates
The management function that makes the difference in intensity of behavior is
- A. controlling
- B. motivation
- C. coordinating
- D. planning
An author’s exclusive right to his published and unpublished works is known as
- A. constitutional right
- B. author's right
- C. copyright
- D. patent right
One major characteristic of credit unions and thrift societies is that
- A. the contribution of every member depends on the member's ability
- B. the legal processes involved in their formation are rigid
- C. membership is compulsory to people in the same line of business
- D. a minimum of ten people in the same line of business can form the union
Mr. Olatunde took up a fire insurance on a property valued at âŚ1000 and the amount insured is âŚ80. Thee âŚ400. If the property caught fire causing a loss of insurance was taken with the clause with average what is the amount to be paid bĂ˝ the insurance company?
- A. âŚ420
- B. âŚ320
- C. âŚ460
- D. âŚ560
A common requirement for public and private limited companies in Nigeria is that
- A. a shareholder cannot transfer his shares to someone else without permission from other shareholders
- B. shares cannot be offered or sale on the stock exchange
- C. their annual accounts are made available to the corporate affairs commission
- D. shares can be offered for sale through an issuing house
Extractive industries may also be denominated as
- A. direct industries
- B. servicing industries
- C. indirect industries
- D. primary industries
Which of the following are the components of commerce?
I. trading and advertising
II. warehousing and transportation
III. packing and branding
IV. Insurance and banking
- A. I and II
- B. I,II and IV
- C. II, III and IV
- D. I and III
Freight note is a document
- A. issued by a shipping company giving details of changes
- B. used by government to transport goods from one country to another
- C. used for payment for imported goods
- D. given by an importer to pay for goods at a future period
A distinguishing characteristic of a limited liability company is that
- A. is a collection of many sole proprietors
- B. is a multiple partnership
- C. has limited resources
- D. can sue and be sued
(a) Explain the following types of capital (i)Authorized capital (ii) Liquid capital
(b) the following records were extracted from the books of Bandin and Bachur Partnership as at March 31st, 2020
|
Equipment |
I50,000 |
|
Cash at bank |
25.000 |
|
Creditors |
120.000 |
|
Debtors |
150 000 |
|
Stock as at 1/03/20 |
30.000 |
|
Motor van |
300,000 |
|
Fixtures and fittings |
40,000 |
|
Overdraft |
45.000 |
|
Stock as at 31/ 03/ 20 |
25,000 |
Calculate: (i) Fixed assets. (ii) Current liabilities: (iii) Current assets: (iv) Working capital (v) Average stock
(a) What is an economic grouping?
(b) State three objectives of each of the following organizations
I) Lake Chad Basin Commission
ii) ECOWAS
Iii) Niger Basin Commission
Madam Fana, the human resources manager of Baku limited, is due to start her annual leave. She wishes to assign one of her assistants to perform her duties in her absence.
(i) identify and explain the organizational principle on which Madam Fana has based her decision
(ii) State four duties of Madam Fana in Baku limited.
(iii) Explain the following management functions: (a) Planning: (b) Organizing (c) Directing: (d) Controlling
(a) What is Entrepot Trade?
(bi)Differentiate between a Bill of Lading and Consignment Note
(bii) Explain the use of bill of sight in foreign trade
(c) State five reasons for the criticism against Advertising
(a) List five Means of payment in Home Trade
(b) Explain ways computers could be useful to a Motor vehicle seller
(a) State four functions of Money:
(b)Explain how the following operators function on a stock exchange