The main factors militating against the rapid growth of trade in Nigeria are?
- A. inadequate transportation network and huge capital outlay
- B. lack of motivation and government attitude towards trade
- C. lacks of good transportation network and insecurity of investment
- D. huge capital outlay and government attitude to trade
The share capital value that forms part of the balance sheet total is the
- A. paid-up share capital
- B. called-up share capital
- C. authorized share capital
- D. issued share capital
Determined the circulating capital?
- A. N250,000
- B. N245,000
- C. N235,000
- D. N225,000
Use the information below to answer question
What is the total fixed capital?
- A. N 570,000
- B. N 570,000
- C. N 575,000
- D. N 675,000
Bank overdraft as a short term source of fund is
- A. an overdrawn account
- B. granted to a newly opened account
- C. repayable after more than a year
- D. a current liability
On liquidation of a public limited liability company, the residual owners are the
- A. creditors
- B. ordinary shareholders
- C. preference shareholders
- D. debenture holders
Government policies relating to the establishment and operation of business are targeted at
- A. increasing the profit of business owners
- B. the general improvement of the economy
- C. even spread of facilities and employment
- D. diversification and expansion of business
The measure of independence available to the individual business unit that come together is the main different between
- A. veritcal and horizontal integration
- B. mergers and acquisition
- C. consortium and almalgamation
- D. trust and cartel
Which of these is both merit and demerit in partnership?
- A. The number of partners
- B. It unlimited nature
- C. The bearing of risk
- D. The withdrawal of a major partner
The term Plc implies that the are available
- A. to the public at the company
- B. privately on the stock exchange
- C. publicly on the stock exchange
- D. publicly in commericial banks
The application of division of labour should generally bring about
- A. increase in the quantity of goods and service
- B. increase in the variety of goods and services
- C. cheapness of goods and services
- D. cost efficiency in the production of goods and services
Product involves
- A. making goods avaiable where and when needed
- B. changing the form of goods, moving and making them avaiable as needed
- C. the manufacturing of goods and provision of services
- D. the assembling of all necessary parts to produce a finished product
The major factors that facilitate merchandising are
- A. commuincation , advertising and banking
- B. trading, warehousing and production
- C. management, insurance, and advertising
- D. banking, insurance and transportation
The proposed monetary integration within ECOWAS sub-region has the overriding benefit of a
- A. improved exchange
- B. enhanced trade
- C. enhance development
- D. improved relations
Which of the following group of countries are members of the Niger Basin Commission?
- A. The republic of Guinea, Burkina Faso and Nigeria
- B. Ghana, liberia, and the republic of Benin
- C. Mali, Liberia and Nigeria
- D. Ghana , Burkina Faso and Chad
The right of the public to protection against questionable products and marketing practices is
- A. an economic aspect of the business
- B. a social responsibility of business
- C. a legal aspect of the business
- D. a political aspect of the business
Which of these sets of external environmental factors affects a business operation?
- A. Competition, industry operation
- B. Competition, labour and political
- C. Political, cultural and labour
- D. Economic, social and legal
The main thrust of government policy of evolving good business environment in Nigeria is the need
- A. to attract local and foreign investors
- B. for more export commodities
- C. for consumer oriented products
- D. to have viable local markets
Under what management function would the motivation employees fall?
- A. Staffing
- B. Controlling
- C. Organizing
- D. Directing
(i)Money and machines (ii) Materials and Money (iii)Market and Man.
Which combination of the above are basic requirement as business resource?
- A. i and ii
- B. ii and iii
- C. i and iv
- D. ii and iv
The line function in a typical manufacturing enterprise is normally performed by the
- A. public relations department
- B. estate or properties department
- C. marketing department
- D. legal department