The most common form of business unit in West Africa is
- A. co-operative society
- B. joint stock company
- C. partnership
- D. public corporation
- E. sole proprietor-ship
The most common form of business unit in West Africa is
- A. co-operative society
- B. joint stock company
- C. partnership
- D. public corporation
- E. sole proprietor-ship
Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.
- A. a deposit is
- B. a quarter of the total price is
- C. half of the total price is
- D. the final instalment is
- E. two instalment have been
One of the easiest means of transporting petroleum product is by
- A. air
- B. pipeline
- C. rail
- D. road
- E. sea
One of the easiest means of transporting petroleum product is by
- A. air
- B. pipeline
- C. rail
- D. road
- E. sea
Which of these means of payment originates from a creditor?
- A. Bill of exchange
- B. Cheque
- C. Coins and currencies
- D. Promissory note
- E. Standing order
Commerce is often referred to as the life blood of every nation because it
- A. commits financial resources to the nation
- B. contributes to economic development to the nation
- C. creates utilities for human satisfaction
- D. provides auxiliary services to trade
- E. provides all the resources use for production
Commerce is often referred to as the life blood of every nation because it
- A. commits financial resources to the nation
- B. contributes to economic development to the nation
- C. creates utilities for human satisfaction
- D. provides auxiliary services to trade
- E. provides all the resources use for production
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
- A. bear
- B. broker
- C. bull
- D. jobber
- E. speculator
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
- A. bear
- B. broker
- C. bull
- D. jobber
- E. speculator
The following are functions of marketing EXCEPT
- A. advertising
- B. distribution
- C. insurance
- D. packaging
- E. transportation
The following are functions of marketing EXCEPT
- A. advertising
- B. distribution
- C. insurance
- D. packaging
- E. transportation
Which of these is NOT a governments legislation to protect thee consumer?
- A. Fair trading
- B. Foods and drugs
- C. Privatization and commercialization
- D. Weight and measure
- E. Trade description
The activities concerned with changing of raw materials into finished products belong to ______ occupation
- A. commercial
- B. constructive
- C. extractive
- D. manufacturing
- E. service
The coming together of two or more firms with each of them losing its identity is known as
- A. amalgamation
- B. cartel
- C. consortium
- D. holding
- E. trust
The aid to trade which enables producer and consumer to transact business without physical contact is known as
- A. advertising
- B. communication
- C. insurance
- D. tourism
- E. transportation
The document that spells out the relationship of a company with the outside world is known as
- A. article of association
- B. certificate of incorporation
- C. deed of partnership
- D. document of registration
- E. memorandum of association
Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a
- A. discount
- B. gain
- C. loss
- D. par value
- E. premium
Which of the following types of insurance is usually excluded from the principle of indemnity?
- A. Fidelity Guarantee
- B. Fire
- C. Life
- D. Marine
- E. Motor Vehicle
Which of the following forms part of a company’s Article of Association?
- A. Goodwill and status of shareholders
- B. Name of the company
- C. Nature and object of the business
- D. Registered office
- E. Voting powers and the use of proxy
Which of the following forms part of a company’s Article of Association?
- A. Goodwill and status of shareholders
- B. Name of the company
- C. Nature and object of the business
- D. Registered office
- E. Voting powers and the use of proxy