Use the above table to answer this question
What insurance principle has Mr P Violated if he decides to overstate the actual value of his property?
- A. Indemnity
- B. Insurable interest
- C. Uberrimae fidei
- D. Subrogation
Use the table above to answer this question
If Mr. N takes a fire insurance policy with average clause, his compensation will be
- A. N 5000
- B. N 7, 500
- C. N 70, 000
- D. N 75, 000
The difference between indemnity insurance and non-indemnity insurance is that the latter provides
- A. cover for exporters against risks
- B. cover for importers against risks
- C. full payment to the insured
- D. consolation payment to the insured
A computer accessory through which information can be retrieved is the
- A. hard disk
- B. input device
- C. control unit
- D. floppy disk
Dealing in quoted securities on the Nigerian Stock Exchange is restricted to authorized
- A. companies
- B. brokers
- C. investors
- D. principals.
If the rate of turnover of a company in 1999 was 4 times while the average stock was N 49,600, determine the turnover.
- A. N 199,400
- B. N 198,400
- C. N100,200
- D. N99,200
From the diagram above, what does I stand for?
- A. Aids to trade
- B. Publicity
- C. Home trade
- D. Advertising
Resources obtained from the extractive sector that are transformed into finished products are examples of
- A. primary production
- B. tertiary production
- C. direct production
- D. secondary production.
In e-banking, ATM means
- A. Authentic Teller Manchine
- B. Autmatic Teller Machine
- C. All-purpose Teller Machine
- D. Automated Teller Machine
What is Ojo’s working capital?
- A. N 2150
- B. N 1950
- C. N1800
- D. N 1150
10% IS CHARGED ON DEPRECIATION OF FIXED ASSETS
Determine the value of Ojo’s fixed assets
- A. N 14450
- B. N13450
- C. N13005
- D. N12005
Determine the owner’s equity
- A. N 38 000 000
- B. N 20 000 000
- C. N 42 000 000
- D. N 25 000 000
What is the net working capital?
- A. N 6 000 000
- B. N 16 000 000
- C. (N 11 000 000)
- D. N 25 000 000
The scope of economic activities can be enlarged by
- A. transportation and trading
- B. business and its promotion
- C. trading and aids to trade
- D. insurance and banking
Which of the following best describes inputs for any production activity?
- A. Natural resources
- B. Bussiness resources
- C. Human resources
- D. Material resources
What is the capital employed?
- A. N 200 000
- B. N 340 000
- C. N 170 000
- D. N 300 000
In the communication process. Y represents
- A. the encoder
- B. the medium
- C. the initator
- D. noise
Use the diagram above to answer questions
What does V represent?
- A. Ais to trade
- B. Advertising
- C. Manufacturing
- D. industry
Use the diagram above to answer the question
As the branches indicate, IV is
- A. commerce
- B. exchange
- C. finance
- D. construction
Use the information above to answer questions
Find the current ratio
- A. 1.53:1
- B. 1, 85:1
- C. 0. 87: 1
- D. 0, 50:1