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Pregunta 1 Informe
When one party to a contract refuses to perform the obligations assumed under the contract, there is
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Pregunta 2 Informe
Assets of a business which can easily be changed into cash are called
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Pregunta 3 Informe
What is a voluntary association of business executives, tradesmen, or entrepreneurs?
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Pregunta 5 Informe
The compensation made to an insured for loss incurred in insurance is called
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Pregunta 7 Informe
The main reason for Government ownership of a public enterprise is to provide
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Pregunta 8 Informe
The factor of production which involves both the mental and physical effort of man is called
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Pregunta 9 Informe
An already existing line of product is advertised in order to
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Pregunta 11 Informe
ln the selection of means of transport, speed is an important consideration for goods that are
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Pregunta 12 Informe
What is defined as an agreement to pay an initial deposit for an object and then pay the balance in regular instalments while having the use of the object”?
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Pregunta 13 Informe
Which is the banker of all commercial banks in the country?
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Pregunta 14 Informe
The process by which the government takes over private business is known as
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Pregunta 15 Informe
A business activity that directs the flow of goods and services from the producer to the consumer is called
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Pregunta 16 Informe
Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay
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Pregunta 17 Informe
Assets of a business which can easily be changed into cash are called
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Pregunta 18 Informe
A bank overdraft can only be granted to the holder of a
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Pregunta 20 Informe
Who has no right of ownership to a business organization?
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Pregunta 21 Informe
What covers the risk which an employer may suffer as a result of the dishonesty of an employee?
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Pregunta 23 Informe
A statement of the current price and terms of trade of a product or service is called
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Pregunta 25 Informe
Grouping consumers based on their purchasing habits is called market
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Pregunta 26 Informe
Which document is used to advertise shares to the general public?
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Pregunta 29 Informe
A common legal association which exists when one party, known as the principal authorizes another party to enter into contract is called
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Pregunta 31 Informe
Goods that are not useful by themselves, but help in the production of other desired goods are called ....... goods.
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Pregunta 33 Informe
A situation where a consumer's need is the focus of attention is regarded as
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Pregunta 34 Informe
What is the fastest means of sending documents from one place to another
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Pregunta 36 Informe
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
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Pregunta 37 Informe
The different types of occupation in which people are engaged can be grouped as
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Pregunta 38 Informe
Reorganization of public enterprises to run as profit-making ventures is called
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Pregunta 39 Informe
A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance of N20,000 is his
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Pregunta 40 Informe
Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to
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Pregunta 41 Informe
The fastest and most accurate means of passing information is
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Pregunta 43 Informe
Which insurance principle indicates that only the person who might suffer financial loss will be allowed to take out insurance?
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Pregunta 44 Informe
The document usually sent to each customer by the bank periodically showing the balance outstanding in an account is known as
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Pregunta 45 Informe
Another name for exchange of goods or other goods is called
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Pregunta 46 Informe
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called
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Pregunta 47 Informe
The greatest weapon of the buyer against the activities of false advertisers is
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Pregunta 49 Informe
The reputation and good image benefits arising from the business connections of a firm are called
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