An advantage of road transport over other means of transport is that
- A. packing and loading is easy as activities are handled by experts
- B. canteen services are provided during the course of transportation
- C. specific vehicles could be used to carry certain loads
- D. terminal handling is eliminated by door-to-door delivery
Which of the following is not a type of security?
- A. Stock
- B. Overdraft
- C. Share
- D. Debenture
A document in which the internal regulations of a company are stated is
- A. Certificate of Incoporation
- B. Articles of Association
- C. Memorandum of Association
- D. Partnership Deed
Buying and selling products through a network of digital devices is
- A. e-commerce
- B. e-payment
- C. e-transfer
- D. e-mail
The term 2%/15 net 30 represents a
- A. seasonal discount
- B. quantity discount
- C. cash discount
- D. trade discount
A similarity of private and public company is that they
- A. sell shares on the stock exchange
- B. have equal number of members
- C. receive certificate of incorporation
- D. are required to publish their final accounts
When a seller wishes to be paid before supplying goods, he would send the buyer a
- A. consular invoice
- B. consignment note
- C. proforma invoice
- D. credit note
One of the aim of ECOWAS is to
- A. ensure production of quality goods
- B. encourage foreign investments
- C. improve transportation and communication
- D. promote privatization policies
The use of brand names and trademarks is to
- A. control the supply of goods
- B. prevent imitation by competitors
- C. stabilize the prices of goods
- D. make after-sale service possible
Which of the following activities does not belong to the extractive industry?
- A. Drilling
- B. Mining
- C. Barbing
- D. Farming
Divesting government interest in a business to the public is
- A. commercialization
- B. deregulation
- C. privatization
- D. nationalization
Advertising designed to sell more of a company’s products than other brands is
- A. persuasive
- B. indirect
- C. competitive
- D. informative
Which of the following countries is not a member of the European Union?
- A. Greece
- B. France
- C. Denmark
- D. Bolivia
A business that can obtain capital through of sale of shares is a
- A. demurrage
- B. freight
- C. charge
- D. dock due
A factor to be considered in selecting a means of transporting fish is the
- A. demand for fish
- B. supply of fish
- C. cost of fish
- D. nature of the fish
The means by which a firm obtains information before introducing new products is
- A. market segmentation
- B. advertising
- C. promotion
- D. market research
A reduction in the value of a country’s currency in relation to that of other countries is
- A. revaluation
- B. inflation
- C. devaluation
- D. deflation
A disadvantage of privatization is that
- A. there is decline in the supply of goods
- B. public interest outweighs the profit motive
- C. income is unevenly distributed
- D. there is less efficiency in the production of goods
A voluntary association of businessmen who are not in the same line of business is a
- A. bureau de change
- B. trade association
- C. chamber of commerce
- D. trade union
A problem associated with barter is
- A. poor road network delaying transportation of goods
- B. inability to measure what is to be exchanged
- C. difficulty in collecting debt
- D. inability to produce enough goods