The coming together of people who engage in trade and industry in a particular area is?
- A. an employers association
- B. a trade association
- C. a chamber of commerce
- D. a trade union
The right of an unpaid seller doesnt include?
- A. declaring the buyer bankrupt
- B. retaining the possession of the goods
- C. stopping the goods while in transit
- D. reselling the goods
The process of placing the right people in the right position in an organisation is?
- A. planning
- B. motivating
- C. staffing
- D. directing
ocean liners are vessels that?
- A. sail at schedule time on fixed routes
- B. sail anytime to anyplace where there is cargo
- C. carry only cargo
- D. carry only liquid
an example of a computer output device is a?
- A. keyboard
- B. mouse
- C. monitor
- D. scanner
the marketing mix element which ensures that goods are available where and when needed is?
- A. place
- B. price
- C. product
- D. promotion
An agreement between two people which can be enforced is?
- A. a warranty
- B. a contract
- C. an offer
- D. a consideration
a machine supplied by a post office to an organisation to imprints stamps on their letters is?
- A. vending machin
- B. shredding machine
- C. automated teller machine
- D. franking machine
which of the following activities is aimed at closing sales.
- A. insurance
- B. banking
- C. warehousing
- D. advertising
A speculator in the stock exchange market who sells securities in anticipation of a fall in their prices
- A. broker
- B. bull
- C. bear
- D. stag
the advertising medium that makes only audio impression is
- A. cinema
- B. radio
- C. television
- D. hoardings
A disadvantage of rail transport is that?
- A. it carries bulky goods only
- B. the cost of carriage is high
- C. it is not flexible
- D. it travels on schedule
the expert reponsible for the calculation of prabability of risk in insurance is?
- A. an actuary
- B. an underwriter
- C. a broker
- D. a solicitor
the central bank carries out its monetary policy through?
- A. discounting bills
- B. credit ceilling
- C. replacement of worn out notes
- D. bank rates
which of the following documents is used in home trade only
- A. bill of lading
- B. airway bill
- C. certificate of origin
- D. proforma invoice
Mr ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. the lement of contract which is lacking is?
- A. valuable consideration
- B. formality
- C. offer and acceptance
- D. capacity
which of the following terms is not used in price qoutation for goods
- A. E. & O,E
- B. C.I.F
- C. EX works
- D. F.A.S
in a hire purchase agreement, the buyer is the
- A. agent
- B. hirer
- C. lesse
- D. lessor
an example of an invisible item of trade is?
- A. oil
- B. shipping
- C. machinery
- D. textile
The amount of capital used in the day-to-day running of a company is?
- A. working capital
- B. capital emplyed
- C. share capital
- D. fixed capital
An overdraft is granted to holders of?
- A. savings accounts
- B. loan accounts
- C. deposit accounts
- D. current accounts