The type of computer commonly found in office is?
- A. laptop
- B. desktop
- C. the hybrid computer
- D. the mainframe computer
Which of the following is used to inform the addressee that a registered parcel is ready for collection?
- A. Express label
- B. Counterfoil
- C. Telegram
- D. Slip
The unit through which result of a processed data are displayed is the?
- A. logic unit
- B. display unit
- C. control unit
- D. output unit
Which of these insurance principles requires a close connection between the actual loss suffered and the risk insured?
- A. indemnity
- B. proximate cause
- C. Contribution
- D. Subrogation
the machine used for sending telex messages is known as a?
- A. radar
- B. fax machine
- C. dictaphone
- D. teleprinter
Under the endowment policy, the money handed over to the insured at the expiration of the stipulated time or at death is the?
- A. indemnity
- B. surrender value
- C. lump sum benefit
- D. insurance premium
An author’s exclusive righto his published and unpublished works is known as?
- A. authors right
- B. constitution right
- C. patent right
- D. copyright
The commercialization of public enterprises is aimed at?
- A. increasing efficiency and making the enterprises self-sufficient
- B. advertising and promoting the goods and services of the enterprises
- C. increased assistance and patronage of the enterprises by the public
- D. selling the goods and services of the enterprises
Awarding scholarships and sponsoring sports by a business organization are example of?
- A. advertising strategy
- B. economic responsibility
- C. marketing strategy
- D. social responsibility
The agency in Nigeria which ensures that products conform to government quality specifications is the?
- A. Standards Organization of Nigeria
- B. Nigerian Consumers’ Association
- C. Manufacturers’ Association of Nigeria
- D. Nigerian Chamber of commerce
A core investor in the current phase of privatization in Nigeria is one who?
- A. can afford to buy most of the shares of the enterprises
- B. will be at the core of the enterprises
- C. can mobilize foreign currency equivalent to the value of the enterprises
- D. has the technical know-how of the enterprises
Which of the following countries are members of the lake Chad Basin Commission?
- A. Niger and Cameroun
- B. Benin and Nigeria
- C. Chad and Benin
- D. Nigeria and Mali
Okeze contracted to sell TV sets to Ojo. Unknown to them, the sets were stolen in transit. This contract may be terminated on the ground of
- A. bankruptcy
- B. frustration
- C. fraudulence
- D. breach of contract
The agency that currently oversees the privatization and
commercialization process in Nigeria is the?
- A. Securities and Exchange Commission
- B. Technical Committee on privatization and commercialization
- C. Nigeria Stock Exchange
- D. Bureau of Republic Enterprises
Capital as a factor of production can be used as?
- A. Money that is regarded as assets
- B. Goods that are useful in business
- C. Input for further production
- D. Services that provide satisfaction
Which of the following best described the scope of commerce
- A. All forms of commercial exchanges relating to industry
- B. Buying and selling and the construction industry
- C. All occupational exchanges relating to industries and commercial activities
- D. Buying and selling as well as the extraction of natural resources
The major responsibility of an entrepreneur is?
- A. Employing all factors of production in the business
- B. coordinating and determining the proportion of what to produce
- C. planning and organizing all activities in the business
- D. directing and controlling all the affairs of the business
Secondary production has to do with changing the?
- A. shape of raw materials through construction operations
- B. physical form of raw materials into finished goods
- C. utility of raw materials by an engineering process
- D. nature of raw materials through manufacturing processes
The most important factor that delayed the development of commerce in Nigeria was?
- A. A.the inefficient means of communication
- B. that there were few entrepreneurs
- C. that there were few developed markets
- D. secondary production has to do with changing the?
One of the main obstacles of establishing the Niger River Basin Commission was to?
- A. embark on a comprehensive survey of the available water resources
- B. carry research for the development of fresh water fisheries
- C. develop infrastructure to facilitate economic activities
- D. promotes trade among member-state to improve standards of living
One of the obstacles to achieving the objectives of ECOWAS is?
- A. lack of a common currency
- B. colonial linkages
- C. sovereignty of states
- D. language differences