Staff position in an organization borders on
- A. authority
- B. advice
- C. responsibility
- D. control
One major disadvantage of a cartel is that it
- A. maximizes productive efficiency
- B. brings the merging firms under control
- C. maximizes profit from operation
- D. eliminate competitions and waste
In every simple contract, the price which is paid to purchase a promise is called
- A. offeree
- B. acceptance
- C. consideration
- D. representation
In a hire purchase agreement between Argungu Ltd and Maikudi, Argungu Ltd inserted provision that it can enter Maikudi’s premises at any time and remove the hired vehicle for any breach. This provision is
- A. lawful to both
- B. unlawful to both
- C. beneficial to both
- D. detrimental to both
Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P’S duty to
- A. remunerate Q
- B. reply Q
- C. indemnify Q
- D. settle Q
The process of bringing a company under exclusive state ownership and control is know as
- A. nationalization
- B. commercialization
- C. indigenization
- D. privatization
Adigun displays goods of different makes on shelves in his supermarket. This is an example of
- A. invitation to treat
- B. offer to sell
- C. offer to purchase
- D. invitation to sell
The focal point of the marketing efforts is the`
- A. seller
- B. profit
- C. product
- D. buyer
The concept of limiting types, sizes and other characteristics of a product line without sacrificing utility or durability is called
- A. simplification
- B. standardization
- C. specialization
- D. satisficing
The main role of advertising is to
- A. convince prospective buyers to buy
- B. show the actual shape, form and colour of the products
- C. inform people where to obtain goods and services
- D. captured the attention of people
Modern business philosophy emphasizes
- A. quality products
- B. customer satisfaction
- C. sales volume
- D. public relations
A wholesaler dealer in securities is known as a
- A. stockborker
- B. speculator
- C. jobber
- D. stag
The forum for the selling and of buying of securities of small and medium companies is called
- A. Second Tier Foreign Exchange Market
- B. Foreign Exchange Market
- C. Securities and Exchange Commission
- D. Second Tier Securities
Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu
- A. is entitled always to a cumulative dividends accruing from the shares
- B. is entitled to the next dividends due to the shares
- C. will not be entitled to the next dividends due to the shares
- D. still owes N3 on the shares which will be subtracted from the dividends
The elimination of fault in a computer programme is called?
- A. console
- B. debug
- C. dump
- D. loop
(i)Foreign investment (ii) Long-term lending (iii) Short-term lending (iv)Foreign exchange (v) Short-term borrowing. Which combination of the above include capital account in international trade?
- A. i, iii, and iv
- B. ii, iii and iv
- C. ii and v
- D. i and ii
The three major function unit which the modern computer has are
- A. the input the processor and the output units
- B. the black box, output and input units
- C. BASIC, COBOL and output uits
- D. BASIC, the processor and PASCAL
Tolu purchase goods from Yemisi and is to pay custom duties before collection. The goods are likely to be collected from.
- A. a manufacturer's warehouse
- B. a bonded warehouse
- C. an importer's warehouse
- D. a wholesaler's warehouse
The principle of subrogation states that
- A. an insured person should be indemnifed to the tune of the amount insured
- B. an insurance company can stand in place of the insured in dealing with third party
- C. oly a person who is likely to sufferrd loss should take take out an insurance cover
- D. ther must be a close connection between the actual loss suffered and risk insured
The rate at which a central bank discount first class bills is called the
- A. fixed rate
- B. bill rate
- C. bank rate
- D. interest rate
A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages
- A. caused by the insured vehicle
- B. to the insured vehicle
- C. cause by the other vehicle
- D. to the driver of insured vehicle