lack of permanent record for the message reciever is a disadvantage of?
- A. television
- B. direct mail
- C. cataloque
- D. magazine
An economy policy which encourages governement ownership of business is called?
- A. privatization
- B. nationalization
- C. indigenization
- D. commercialization
in a law of contract, a counter offer operates as?
- A. an acceptance
- B. a consensus
- C. a rejection
- D. a contract
which of the following legislations aims primarily at protection of consumers
- A. law of contract
- B. trade description act
- C. company's act
- D. partnership act
The organized efforts of consumers to protect themselves against the unfair practices of businessmen is?
- A. strike
- B. consumerism
- C. picketing
- D. demonstration
The main concern of commerce is?
- A. create wealth
- B. buy and sell goods and services
- C. exchange and distribution of goods and services
- D. satisfy all human wants
which of the folloing is an example of life insurance
- A. third party policy
- B. comprehensive policy
- C. fidelity guaranteed policy
- D. endowment policy
Another name for a dishonoured cheque is?
- A. an order cheque
- B. a bounced cheque
- C. a bearer cheque
- D. an open cheque
Buying and selling stocks in the stock exchange in anticipation of changes in the share price is?
- A. hedging
- B. projection
- C. forecasting
- D. speculation
where a number of insurance companies are liable under one policy, the principle applicable is ?
- A. subrogation
- B. contribution
- C. indemnity
- D. utmost good faith
Balance of payment deficit may be caused by?
- A. revaluation of currency
- B. sales of foreign reserves
- C. unrestricted exports
- D. unrestricted imports
which of the following bussinesses relies on government subvention for its operation?
- A. public corporation
- B. public limited liability company
- C. co-operative society
- D. private limited liability company
one of the aims of ECOWAS is to?
- A. discourage foreign investors
- B. promote privatization policy
- C. ensure production of quality goods
- D. promote trade within the region
The tranfer of government businesses to individuals is?
- A. commercialization
- B. privatization
- C. deregulation
- D. nationalization
which of the following is a type of marine insurance.
- A. endowment
- B. hull
- C. fidelity
- D. accident
which of the following countries is a member of the lake chad basin commission
- A. The Gambia
- B. Cameroon
- C. Ghana
- D. Guinea
the law that protects a musician’s work from piracy is?
- A. usury law
- B. copyright law
- C. trademark
- D. hire purchase
under the principle of subrogation, the insurer has the right to?
- A. abrogate the contract
- B. re-insure the property
- C. take over any legal rights of the insured
- D. take over all the liabilities of the insured
The organisation of local and international trade fairs is the responsibilty of
- A. trade aasociations
- B. labour unions
- C. chamber of commerce
- D. custom and excise authorities
which of the following is not a tool for sale
- A. publicity
- B. exhibition
- C. competition
- D. free samples
The term which enjoins a buyer to examine goods thoroughly before making payment is?
- A. uberimae fidei
- B. caveat venditor
- C. consumer sovereignty
- D. caveat emptor