Differentiate between the following pairs of terms: (i) Interest and profit: (ii) Share and denture (iii) Ordinary share and preference share (iv)Cumulative preference share and participating preference share (v) Cum div and ex div
Differentiate between a merger and an acquisition.
Explain five ways commerce is important in the life of a nation
One of the aims of ECOWAS is to
- A. provide a market for stocks and shares
- B. have a common political system
- C. foster exchange of goods and services
- D. create a common transport policy
The concept of determining the objectives of a business and stating how they can be actualized is
- A. directing
- B. motivating
- C. organizing
- D. planning
An inventor of a new machine for canning tomatoes can protect his product by
- A. obtaining a trademark
- B. obtaining a patent
- C. labelling the product
- D. choosing a brand name
An objective of the European Union is to
- A. eliminate drug addiction in member countries
- B. eliminate tariffs and quotas among member countries
- C. encourage migrant workers from developing countries
- D. fight against child abuse in developing countries.
The income generated from tourism forms part of the country’s
- A. visible imports
- B. visible exports
- C. invisible imports
- D. invisible exports
Trade fairs and exhibitions are media of
- A. sales promotion
- B. market segmentation
- C. market research
- D. Customer service.
The practice of making a state firm more profit-oriented is
- A. privatization
- B. nationalization
- C. deregulation
- D. commercialization
A disadvantage of privatization is that
- A. there is reduction in the quality of goods
- B. there is incipiency in the supply of goods
- C. the existence of monopoly is high
- D. the profit motive outweighs public interest
The saying that the ‘consumer is always right’ describes the doctrine of
- A. caveat emptor
- B. consumer sovereignty
- C. consumer protection
- D. proximate cause
Which of the following is responsible for protecting consumers against poor quality goods
- A. Industrial tribunal
- B. Manufacturers associations
- C. Standard organization of Nigeria
- D. Trade associations
One of the roles performed by middle managers is
- A. formulation of objectives and strategies
- B. implementation of organizational plans
- C. review and appraisal of operational results
- D. review of master plans, programmes, and budgets
The transfer of a government company to the public is
- A. commercialization
- B. localization
- C. deregulation
- D. privatization
A person who is for the purpose of bringing his principal into contractual relationship with third parties is
- A. a merchant
- B. a consignee
- C. a consignor
- D. an agent
The main idea of the marketing concept is that all the firm’s plans and operations should be
- A. product oriented
- B. price oriented
- C. consumer oriented
- D. company oriented.
Which of the following business risks would an insurance firm not cover for an entrepreneur?
- A. Theft
- B. Fire
- C. Loss of goods in transit
- D. Change in consumers' taste
An advertising campaign by a chicken seller designed to sell his products at the expense of a beef seller is
- A. competitive
- B. direct
- C. informative
- D. persuasive
Bonded warehouses are supervised by
- A. clearing and forwarding agents
- B. customs and excise authorities
- C. immigration officers
- D. posts Authorities
Which of the following instruments of payment could be used in international trade?
- A. Promissory note
- B. B. Postal order
- C. I. O.U
- D. Bill of exchange
One of the qualities of tradable goods is
- A. divisibility
- B. heterogeneity
- C. homogeneity
- D. perishability