Which of the following can be used to establish an importer’s title to goods?
- A. cargo receipt
- B. way bill
- C. bill of lading
- D. import license
An instruction to an agent abroad restricting him to buy from a named manufacturer is known as
- A. pro forma invoice
- B. an open indent
- C. a closed indent
- D. an order
A public limited liability company is owned by
- A. government
- B. shareholders
- C. general public
- D. debenture holders
One of the following does NOT fit into the group.
- A. agriculture
- B. carpentry
- C. fishing
- D. mining
All the following are principles of insurance EXCEPT
- A. insurable interest
- B. particular average
- C. utmost good faith
- D. subrogation
A person who runs a business on his own account is called a
- A. customer
- B. sole trader
- C. director
- D. partner
An allowance made to a customer for prompt payment is known as
- A. bulk discount
- B. commission
- C. cash discount
- D. allowance
Prospectus in relation to a public limited inability company means
- A. a document stating the types or shares
- B. an invitation to the public to collect dividends
- C. an invitation to the public to buy shares
- D. a document where the names of shareholders are written
Which of the following is NOT an aim of advertising?
- A. inspiring public confidence in the goods
- B. arousing the interest of the public
- C. reducing the cost of the goods produced
- D. attracting the attention of the public
A tax paid on goods manufactured and consumed in your country is called
- A. excise duty
- B. goods tax
- C. income tax
- D. custom duty
An agreement that is enforceable in law is called
- A. an offer
- B. a decree
- C. a contract
- D. a declaration
The first Nigerian enterprises promotion decree was promulgated in
- A. 1972
- B. 1973
- C. 1974
- D. 1977
Closing stock is also known as
- A. stock at close
- B. balance brought forward
- C. opening inventory
- D. stock at beginning
The main objective of nationalization of industries is to
- A. prevent existing firms from liquidation
- B. Make more profit for the government
- C. prevent all aliens from taking part in the business activities of a country
- D. bring an Industry under state ownership and control
The sum which the insured pays periodically to his insurance company is called
- A. a commission
- B. an indemnity
- C. a policy
- D. a premium
Which of the following does a seller send in reply to a letter of inquiry?
- A. quotation
- B. credit note
- C. debit note
- D. delivery note
Which of the following is NOT part of Pre-Sales Service/ice?
- A. granting of credit or hire purchase sales facilities
- B. assisting the prospective buyer to set up facilities for storage
- C. dispatching of quotation and price list
- D. providing detailed information about goods to be purchased
The following information in the image above was extracted from the books of Lompat Ventures as at December 31, 2022.
a[i] Calculate:
Net profit
a[ii] Calculate:
Working capital
a[iii] Calculate:
Rate of stock turnover
a. State two differences between marketing and selling
b. List four main elements of marketing mix
c. Country Z has decided to leave the Economic Community of West African State (ECOWAS). As the adviser on the regional group, explain four benefits the country could derive from remaining in the group.
a. What is tourism?
b[¡] State one negative effect of tourism on each of the following:
economy
b[¡¡] State one negative effect of tourism on each of the following:
b[¡¡¡] State one negative effect of tourism on each of the following:
environment
c[i] State two positive effects of tourism on each of the following:
economy
c[ii] State two positive effects of tourism on each of the following:
society
c[iii] State two positive effects of tourism on each of the following:
environment
a. Differentiate between indent and quotation
b[¡] State four functions of each of the following organizations:
export promotion council
b[¡¡] State four functions of each of the following organizations:
customs and excise authority