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Question 1 Rapport
Which of the following types of insurance is usually excluded from the principle of indemnity?
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Question 2 Rapport
Which type of advertisement induces consumer to purchase the goods he does not need?
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Question 6 Rapport
A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a
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Question 7 Rapport
The most important document an importer requires to be able to clear his goods from the harbour is
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Question 9 Rapport
A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.
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Question 10 Rapport
The activities concerned with changing of raw materials into finished products belong to ______ occupation
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Question 11 Rapport
The aid to trade which enables producer and consumer to transact business without physical contact is known as
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Question 12 Rapport
The Nigeria Enterprises promotion Decree brought about policy
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Question 13 Rapport
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
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Question 14 Rapport
The document which gives complete information about the goods sold is the
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Question 15 Rapport
A typical example of an event covered by an Assurance Policy is
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Question 16 Rapport
The association that encourages savings for the benefit of its members is known as
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Question 17 Rapport
Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.
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Question 19 Rapport
Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a
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Question 20 Rapport
The coming together of two or more firms with each of them losing its identity is known as
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Question 21 Rapport
The following are advantages of division of labour specialization EXCEPT that it
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Question 22 Rapport
Which of the following forms part of a company’s Article of Association?
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Question 23 Rapport
Association of people in the same line of business is known as
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Question 24 Rapport
The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
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Question 25 Rapport
Which of the following advertising media preselects its readership through the nature of its content?
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Question 26 Rapport
Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.
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Question 27 Rapport
The rules and regulations guiding the conduct of business transactions are known as ……. law
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Question 28 Rapport
In the event of winding up of a company, who among the following is paid last?
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Question 29 Rapport
One of the easiest means of transporting petroleum product is by
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Question 31 Rapport
Departmental store, supermarket and chain store are examples of
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Question 32 Rapport
Which of the following groupings is a means of payments through the post office
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Question 33 Rapport
Which of these is NOT a governments legislation to protect thee consumer?
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Question 35 Rapport
The functions of public corporations include the following EXCEPT
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Question 36 Rapport
The document that spells out the relationship of a company with the outside world is known as
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Question 37 Rapport
The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is
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Question 38 Rapport
The term “consumer sovereignty” means that the consumer is a
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Question 39 Rapport
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
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Question 40 Rapport
A public limited company is regarded as a legal entity because
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Question 41 Rapport
Which of these means of payment originates from a creditor?
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Question 46 Rapport
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
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Question 47 Rapport
An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called …… agent
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Question 50 Rapport
Commerce is often referred to as the life blood of every nation because it
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