In international trade, documentary credit is also known as?
- A. credit note
- B. letters of credit
- C. bankers' note
- D. letter of hypothecation
What is the role of the capita; market in the privatization exercise in Nigeria?
- A. Selling the shares and stocks of the companies to be privtized
- B. Encouraging private companies to participate inthe exercise
- C. Negotiating with individuals who want to buy public companies
- D. Advertising for governement
The shares of a company listed on the stock exchange for sale are referred to as?
- A. registered shares
- B. deferred shares
- C. issued shares
- D. quoted shares
The instruments of credit includes?
- A. billboards and postal stamps
- B. payment vouchers and statement of account
- C. bills of exchange and promissory notes
- D. bills of exchange and salary salary vouchers
In a primary market, new shares are issued through?
- A. personal selling, publicity and advertising
- B. a prospectus, an offer for sale and bill of exchange
- C. advertising a prospectus, and bill of exchange
- D. a prospectus, an offer for sale and placing
Charges for loans paid by commercial banks to the Central Bank of Nigeria are called?
- A. bank rates
- B. credits charges
- C. interest rates
- D. bank charges
Sources of finance to a business include personal savings, share, debentures and?
- A. loans from IMF
- B. bank overdraft
- C. central bank loans
- D. money from political parties
A common element in all contracts is?
- A. offer
- B. consideration
- C. acceptance
- D. agreement
One of the advantages of commercialization is that it?
- A. encourages entrepreneuership
- B. increases the salaries of workers
- C. motivates governement to establish more business
- D. gives wortkers on-the-job training
Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to?
- A. land pollution
- B. water pollution
- C. land and water pollution
- D. air and water pollution
A transporter who had to sell some perishable goods without the prior authority of the owner becomes an agent by?
- A. conduct
- B. necessity
- C. ratification
- D. estoppel
In Nigeria, the body ensures that its members operate according to their professional ethics is the?
- A. SON
- B. NPF
- C. MAN
- D. NAFDAC
One important requirement for the membership of the ECOWAS is?
- A. intergrity
- B. independence
- C. landmass
- D. population
Consumer rights include the right to?
- A. credit
- B. free samples of a product
- C. redress
- D. a shre of profits
Business environment refers to all elements that are?
- A. outside an organization but relevant to its operations
- B. inside an organization but irrelevant to its operations
- C. internal to an organization and relevant to its operations
- D. external to an organization but indirectly related to its operations
The members of the Niger Basin Commission include?
- A. Guinea, Ghana and Niger Republic
- B. Burkina Faso, Guinea and Nigeria
- C. The Gambia, Benin Republic and Chad
- D. Nigeria, Benin Republic and Chad Republic
- E. Nigeria, the Gambia and Cameroun
The current highest decision-making body on privatization and commercialization of public enterprises in Nigeria is the?
- A. National Council on Privatization
- B. Securities and Exchange Commission
- C. Nigeria Investment Promotion Commission
- D. Bureau of Public ENterprises
What is the most important use of promotion in marketing?
- A. Persuasion
- B. Conviction
- C. Information
- D. Education
In business, the computer is very important especially in?
- A. financial amnagement
- B. marketing management
- C. educational management
- D. information management
Communication enhances business activities by?
- A. facilitating interaction between producers and consumers
- B. facilitating interaction among media houses
- C. ensuring the movement of goods from the producer to the consumer
- D. keeping the goods safe untill they are needed
An insured risk which occurs accidentally as a result of deflects in a ship is?
- A. a voyage policy
- B. a total loss
- C. an emergency
- D. a particular average