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Question 1 Report
A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.
Question 2 Report
Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.
Question 3 Report
Which type of advertisement induces consumer to purchase the goods he does not need?
Question 4 Report
The most common form of business unit in West Africa is
Question 5 Report
A public limited company is regarded as a legal entity because
Question 6 Report
The document that spells out the relationship of a company with the outside world is known as
Question 8 Report
The functions of public corporations include the following EXCEPT
Question 9 Report
The document which gives complete information about the goods sold is the
Question 10 Report
Which of these means of payment originates from a creditor?
Question 12 Report
The coming together of two or more firms with each of them losing its identity is known as
Question 13 Report
The association that encourages savings for the benefit of its members is known as
Question 14 Report
Departmental store, supermarket and chain store are examples of
Question 16 Report
Tariff can be defined as a compulsory levy on
Question 17 Report
Which of the following groupings is a means of payments through the post office
Question 18 Report
A typical example of an event covered by an Assurance Policy is
Question 19 Report
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
Question 20 Report
An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called …… agent
Question 21 Report
Which of the following is NOT a credit instrument?
Question 23 Report
The rules and regulations guiding the conduct of business transactions are known as ……. law
Question 24 Report
The components of a balance of payments account are
Question 25 Report
Which of the following types of insurance is usually excluded from the principle of indemnity?
Question 26 Report
The activities concerned with changing of raw materials into finished products belong to ______ occupation
Question 27 Report
Commerce is often referred to as the life blood of every nation because it
Question 28 Report
The aid to trade which enables producer and consumer to transact business without physical contact is known as
Question 30 Report
The following are functions of marketing EXCEPT
Question 32 Report
Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a
Question 34 Report
Association of people in the same line of business is known as
Question 35 Report
The term “consumer sovereignty” means that the consumer is a
Question 36 Report
The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
Question 37 Report
One of the easiest means of transporting petroleum product is by
Question 38 Report
The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is
Question 39 Report
A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a
Question 40 Report
Which of the following advertising media preselects its readership through the nature of its content?
Question 41 Report
The most important document an importer requires to be able to clear his goods from the harbour is
Question 42 Report
A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling fora commission proportionate to the value of the transaction is called a
Question 43 Report
Use the information below to answer this question.
Aisha sold her wristwatch to Halima for N2,000.00 and she paid
The sum of N2,000.00 is the
Question 44 Report
Which of these is NOT a governments legislation to protect thee consumer?
Question 45 Report
The following are advantages of division of labour specialization EXCEPT that it
Question 47 Report
Which of the following forms part of a company’s Article of Association?
Question 50 Report
Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.
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