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Question 3 Report
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C.
ln which business is profit shared amongst the shareholders on the basis of patronage?
Question 4 Report
What is NOT a right of the consumer?
Question 5 Report
What is NOT a principle of an insurance contract?
Question 6 Report
A voluntary body formed by members of a particular branch of trade or industry to represent the interests of members is known as
Question 8 Report
Under what form of life insurance policy is premium paid over an agreed number of years and the sum assured is paid either at the end of that specified time or when the policy holder dies, whichever comes first?
Question 11 Report
What is NOT a suitable reason for the growth in large retail business?
Question 13 Report
What is NOT a means of Central Bank’s controlling the credit policy of commercial banks?
Question 14 Report
What is NOT an advantage of combinations (monopolies)?
Question 18 Report
What is NOT the function of an entrepreneur?
Question 19 Report
Which term means that for the price quoted, transporting the goods is ‘free’ up to the time it is placed on board a carrier?
Question 20 Report
The Articles of Association of a company do NOT contain
Question 21 Report
ln stock exchange, the buyer is NOT entitled to the dividend when the stock is quoted
Question 24 Report
What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?
Question 25 Report
What is NOT a concern of the Food and Drug Department of the Federal Ministry of Health?
Question 27 Report
What best explains the principle of subrogation in insurable?
Question 28 Report
What is NOT a characteristic of a Private Limited Liability Company?
Question 29 Report
National income is
Question 31 Report
What is NOT an advantage of indigenization?
Question 32 Report
ln partnership business, the maximum number of persons for its formation is
Question 34 Report
lf the price of a good falls and the demand for that good also fall, then that good is .......
Question 35 Report
In the stock exchange what is the day when the parties to a transaction decide whether the bargain should be completed held over until the next settlement?
Question 37 Report
The affairs of the co-operative society are in the hands of the
Question 38 Report
A document which makes it obligatory on the part of the seller to supply the goods or services if the inquirer accepts the conditions stated therein is called Alan
Question 39 Report
What is NOT a source of capital for a business?
Question 40 Report
Which is NOT a public corporation?
Question 41 Report
Which union is formed by the workers of firms of similar line of business to cater for their interests?
Question 42 Report
What is NOT a supplementary service of banks?
Question 44 Report
The feature of a supermarket is
Question 46 Report
What is NOT a function of the chambers of commerce? They
Question 47 Report
The bringing of ownership and management of a former private industry under the control of the government is called
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