One major advantage of a credit and thrift cooperative is that
- A. It can approach government for loan
- B. It encourages saving habit
- C. there are no legal restrictions
- D. each member has a vote during meetings
The partner that only contributes part of the capital used in the formation and running of a business is known as?
- A. a passive partner
- B. an active partner
- C. a dormant partner
- D. a nominal partner
Which of the following services does a lawyer render?
- A. industrial services
- B. indirect services
- C. direct services
- D. commercial services
Land as a factor of production does not vary in?
- A. quantity
- B. nature
- C. quality
- D. cost
A distinguishing characteristic of labour is that it is
- A. constant
- B. expensive
- C. mobile
- D. cost
The pivot on the wheel of commerce rotates is
- A. tariff
- B. trade
- C. taxation
- D. price
One of the function of the Niger Basin Commission is to
- A. Ensure equal treatment of African nations
- B. A. Foster closer co-operation among West African nations
- C. A. Map out regulation that will guide all navigation for all West African nations
- D. guarantee freedom of navigation for all West African nations
The instrument establishing the Economic Community of West African State in 1975 is
- A. a decree
- B. an act
- C. a treaty
- D. constitution
In an organization, civic consideration arises from?
- A. the profit derived from the enviroment
- B. its operations witthin the environment
- C. irs social negative impacts on the community
- D. the fact that it is registered in that locality
The legal aspect of business is designed to
- A. protect business organization and consumers
- B. safeguard consumers from undue business practices
- C. protect infant industries from collapse
- D. encourage free exchanges among businesses
The three components of staffing are?
- A. recruitment, selection and placement
- B. recruitment, interview and appointment
- C. recruitment , test and placement
- D. recruitment, procurement and appointment
The composite functions of management are?
- A. planning, supervising, communicating
- B. planning, controlling, organising and directing
- C. coordinating, supervising , staffing and comunicating
- D. directing, supervising, motivating, and controlling
A chamber of commerce is an association made up of
- A. enterpreneurs
- B. manufacturers
- C. merchants
- D. importers
The primary objectives of a trade association is to
- A. undertake researchwork on behalf of members
- B. establish easy link with government
- C. exchange information and negotiate as a preasure group
- D. operat as a group against other groups
The main difference between nationalization and indigenization is in terms of
- A. shareholding
- B. profit
- C. technology
- D. efficiency
The first known legislation to protect consumer rights in Nigeria is the
- A. Usury Laws
- B. Hire purchase Act
- C. Sales of Goods Act
- D. Foood and Drugs Act
An aspect of the law which allows an exclusive right for a limited number of years is a
- A. copyright
- B. trade mark
- C. raffication
- D. patent
After registration, a certificate of trading is usually issued to a
- A. partnership
- B. public company
- C. private company
- D. sole proprietorship
A bus driver operating between Lagos and Jos pledged the owner’s credit in Benin in order to have the engine repaired and the bill sent to the owner.This is a case of
- A. del credere agency
- B. agency by necessity
- C. agency by rafication
- D. agency by estoppel
The basic elements of a valid contract are
- A. offer, acceptance, consideration and witness
- B. offer, intention, acceptance and legality
- C. offer, acceptance, intention, capacity and legality
- D. offer, acceptance, capacity, legality and consideration
The role of public relations is principally to
- A. sustain good relationship
- B. create good image
- C. carry out publicity
- D. advertise a firm's products