Prospectus in relation to a public limited inability company means
- A. a document for allocation of shares to the public
- B. a document stating the types or shares
- C. a document where the names of shareholders are written
- D. an invitation to the public to buy shares
- E. an invitation to the public to collect dividends
The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as
- A. brokerage
- B. commission
- C. contango
- D. interest
- E. jobbers turn
Banks issue cheque books to customers holding ……… accounts.
- A. current
- B. deposit
- C. fixed deposit
- D. foreign
- E. savings
Which of the following warehouse is generally found near a port?
- A. bonded warehouse
- B. distributor's warehouse
- C. manufacturer’s warehouse
- D. producer’s warehouse
- E. wholesaler’s warehouse
Which of the following is NOT an aim of advertising?
- A. creating a desire to purchase the goods
- B. arousing the interest of the public
- C. attracting the attention of the public
- D. inspiring public confidence in the goods
- E. reducing the cost of the goods produced
Which of the following is NOT an aim of advertising?
- A. creating a desire to purchase the goods
- B. arousing the interest of the public
- C. attracting the attention of the public
- D. inspiring public confidence in the goods
- E. reducing the cost of the goods produced
Nigerian Postal Services (NIPOST) facilitates commerce in all the following ways except through
- A. cash on delivery service
- B. recorded delivery service
- C. express service
- D. free on board service
Nigerian Postal Services (NIPOST) facilitates commerce in all the following ways except through
- A. cash on delivery service
- B. recorded delivery service
- C. express service
- D. free on board service
Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail price of N 500 but would give it to Emeka at N 400. What kind of discount did he get?
- A. Cash discount
- B. Trade discount
- C. Quantity discount
- D. Seasonal discount.
Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail price of N 500 but would give it to Emeka at N 400. What kind of discount did he get?
- A. Cash discount
- B. Trade discount
- C. Quantity discount
- D. Seasonal discount.
Which of the following gives the correct order in which the listed documents are used?
- A. debit note, order, delivery note, invoice and statement
- B. order, delivery note, invoice, debit note and statement
- C. statement, order, invoice, delivery note and debit note
- D. invoice, order, statement, debit note and delivery note
RRF as a scheme introduced by the central bank of Nigeria means
- A. recording and Rediscounting Facility
- B. refinancing and Recording Facility
- C. refinancing and Rediscounting Facility
- D. refinancing and Reinvesting Facility
RRF as a scheme introduced by the central bank of Nigeria means
- A. recording and Rediscounting Facility
- B. refinancing and Recording Facility
- C. refinancing and Rediscounting Facility
- D. refinancing and Reinvesting Facility
Most foreign trade transaction are paid for through the use of
- A. central bank cheques
- B. bank drafts drawn by commercial banks on their foreign branches
- C. irrevocable and confirmed letters of credit
- D. letters of credit authenticated by the embassies of the respective countries
Most foreign trade transaction are paid for through the use of
- A. central bank cheques
- B. bank drafts drawn by commercial banks on their foreign branches
- C. irrevocable and confirmed letters of credit
- D. letters of credit authenticated by the embassies of the respective countries
Goods imported into a country for the purpose of re-exporting attracts a rebate known as
- A. customs draw back
- B. export royalty
- C. incentive
- D. export rebate
Goods imported into a country for the purpose of re-exporting attracts a rebate known as
- A. customs draw back
- B. export royalty
- C. incentive
- D. export rebate
In the channel of distribution, which of the following sets is entirely made up of middlemen?
- A. Wholesalers, retailers and agents
- B. Manufacturers, consumers and retailers
- C. Wholesalers, agents and consumers
- D. Retailers, manufacturers and wholesalers
In the channel of distribution, which of the following sets is entirely made up of middlemen?
- A. Wholesalers, retailers and agents
- B. Manufacturers, consumers and retailers
- C. Wholesalers, agents and consumers
- D. Retailers, manufacturers and wholesalers
Given:
Opening stock 40 000
Purchases 115 000
Closing stock 60 000
Sales 250 000
What is the cost of goods sold?
- A. N 155 000
- B. N 95 000
- C. N 50 000
- D. N 30 000
Profit that is expressed as a percentage of the cost of goods sold is referred to as
- A. margin
- B. mark-up
- C. gain percent
- D. gross profit