The part of the computer that has the capacity to interpret instruction is _______
- A. universal power storage
- B. central processing unit
- C. keyboard
- D. monitor
The production process that combines two or more raw materials into end product is
- A. conditioning
- B. blending
- C. merging
- D. synthesis
One of the determinants of choice of occupation is ______
- A. level of exposure
- B. resources control
- C. government policies
- D. peer group
The stock exchange is a market where _______
- A. long-term securities are sold
- B. all types of securities are sold
- C. short-term securities are sold
- D. medium term securities are sold
The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __
- A. Stroke
- B. Consumerism
- C. Picketing
- D. Demonstration
The differences between the central bank and commercial bank is that the former ______
- A. discount treasury bills
- B. give loans to the public
- C. saves valuable of individual
- D. serves as lender of last resort
The process of buying and selling and distribution of goods and services is ______
- A. retail trade
- B. commerce
- C. marketing concept
- D. marketing
Goods and services transferred from seller to buyer without immediate payment is referred to as ______
- A. hire purchase
- B. mutual understanding
- C. credit sale
- D. leasing
A major merit of the retaining middlemen is to _______
- A. pay cash to the bank: for manufacturers
- B. stock perishable goods
- C. regulate price for manufacturers
- D. stock goods produced by different manufacturer
An example of extractive occupation is ______
- A. mining
- B. teaching
- C. banking
- D. driving
Another name or term for a dishonoured cheque is ______
- A. an order cheque
- B. a bounced cheque
- C. a bearer cheque
- D. an open cheque
A partnership is dissolved due to ________
- A. liquidity of the firm
- B. death of the employee
- C. insanity of a partner
- D. resignation of an employee
A major function of trade association is to _______
- A. assist members to buy cars
- B. help individuals to set up small business
- C. establish a link among member
- D. foster cooperation among members
What document is required when a country imposes valorem import duties on goods?
- A. mail transfer
- B. shipping note
- C. bill of lading
- D. consular invoice
A major objective of all business resources is ______
- A. public relation
- B. profit sharing
- C. human relation
- D. profit making
An advantage of division of labour is _______?
- A. productivity and total output is increased
- B. monotony of task is eliminated
- C. loss of individual craftmanship is minimized
- D. interdependence of workers increase remuneration
The function of commerce in relation to production is ______
- A. helping in the extraction of raw material from nature
- B. providing a link between the different stage of conversion of good
- C. yielding result
- D. satisfying
A demerit of communication is that it ________
- A. makes payment for goods cumbersome
- B. increase the cost of goods in transit
- C. give room for distortion of fact
- D. hinder quick reception of messages over a long distance
What is the reward accruable to land?
- A. Rent
- B. profits
- C. wages
- D. Interest
Production ends when goods and services ________
- A. reach the final consumer
- B. are used for manufacturing
- C. are packaged and labelled
- D. are sold to the middlemen
The concept that refers to the sale, transfer or exchange of goods and services is
- A. industry
- B. trade
- C. tariff
- D. marketing