the size of an enterprise is determined by?
- A. number of customers of the enterprise
- B. length of the time the firm has been in operation
- C. amount of capital invested
- D. type of work done
An agreement that is enforceable in law is?
- A. a contract
- B. an offer
- C. an acceptance
- D. a consideration
An insurance broker is involved in?
- A. industrial occupation
- B. distributive occupation
- C. commercial occupation
- D. constructive occupation
An organisation formed mainly by traders and manufacturers to cater for interest for interest of members is?
- A. trade union
- B. co-operative society
- C. trade association
- D. chamber of commerce
A document that contains the relationship between the company and outsiders is?
- A. certificate of incorporation
- B. memorandum of association
- C. article of association
- D. certificate of trading
A partnership is dissolved due to?
- A. liquidity of the firm
- B. death of the employee
- C. insanity of partner
- D. resignation of an employee
the water corporation is an example of a?
- A. cooperative
- B. public enterprise
- C. private enterprise
- D. limited company
The business unit that applies the principle of one man one vote is?
- A. sole proprietorship
- B. partnership
- C. co-operative society
- D. public company
one disadvantage of advertising is that it
- A. could be misleading
- B. reduce sales
- C. reduce profit
- D. causes over stocking
the worth of a life assurance policy before its maturity date is?
- A. residual value
- B. surrender value
- C. accrued value
- D. assured value
Risk bearing in a business organisation is a function of the?
- A. employees
- B. entrepreneur
- C. customer
- D. manager
The process of buying, selling and distribution of goods and services is
- A. retail trade
- B. commerce
- C. marketing
- D. marketing concept
when a cheque is paid on a bank on which it is drawn, the cheque is
- A. discounted
- B. debited
- C. credited
- D. cleared
fidelity guarantee insurance is a cover against loss arising from
- A. trade debt
- B. personal accident
- C. dishonest staff
- D. fire disaster
when an importer has been overcharged for goods supplied, the exporter issues him with a?
- A. debit note
- B. preforma invoice
- C. letter of credit
- D. credit note
A clean bill of lading is so called because?
- A. it shows record of damaged goods
- B. it is not a stained bill
- C. it is a document of authority
- D. it shows no record of damaged goods
| N | |
| premises | 32,000 |
| motor vehicle | 15,000 |
| debtors | 15,000 |
| stock | 20,000 |
| creditors | 10,000 |
the value of fixed assets
- A. N72,000
- B. N47,000
- C. N35,000
- D. N25,000
| N | |
| premises | 32,000 |
| motor vehicle | 15,000 |
| debtors | 15,000 |
| stock | 20,000 |
| creditors | 10,000 |
what is the value of working capital
- A. N47,000
- B. N35,000
- C. 25,000
- D. 10,000
| N | |
| premises | 32,000 |
| motor vehicle | 15,000 |
| debtors | 15,000 |
| stock | 20,000 |
| creditors | 10,000 |
The value of current assets is?
- A. N35,000
- B. N32,000
- C. N25,000
- D. N10,000
which of the following allows a drawer of a document to correct any error
- A. C.I.F
- B. I.O.U
- C. C.W.O
- D. E.O.E
which of the following occupations are classified under the extractive industry
(i) cattle rearing, lumbering and farming
(ii) mining, quarrying and hunting
(iii) ship building, road construction and iron bending
(iv) singing, dancing and tailoring
- A. i and iii only
- B. i, ii and iv
- C. i and ii
- D. ii, iii and iv