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Tambaya 4 Rahoto
Which insurance principle indicates that only the person who might suffer financial loss will be allowed to take out insurance?
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Tambaya 5 Rahoto
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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Tambaya 6 Rahoto
The different types of occupation in which people are engaged can be grouped as
Tambaya 7 Rahoto
What is a voluntary association of business executives, tradesmen, or entrepreneurs?
Tambaya 8 Rahoto
The factor of production which involves both the mental and physical effort of man is called
Tambaya 10 Rahoto
A situation where a consumer's need is the focus of attention is regarded as
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Tambaya 13 Rahoto
The reputation and good image benefits arising from the business connections of a firm are called
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Tambaya 14 Rahoto
The fastest and most accurate means of passing information is
Tambaya 16 Rahoto
The greatest weapon of the buyer against the activities of false advertisers is
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Tambaya 17 Rahoto
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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Tambaya 18 Rahoto
When one party to a contract refuses to perform the obligations assumed under the contract, there is
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Tambaya 19 Rahoto
Who has no right of ownership to a business organization?
Tambaya 20 Rahoto
What covers the risk which an employer may suffer as a result of the dishonesty of an employee?
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Tambaya 21 Rahoto
The compensation made to an insured for loss incurred in insurance is called
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Tambaya 22 Rahoto
A business activity that directs the flow of goods and services from the producer to the consumer is called
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Tambaya 24 Rahoto
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
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Tambaya 25 Rahoto
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called
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Tambaya 27 Rahoto
Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to
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Tambaya 30 Rahoto
Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay
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Tambaya 32 Rahoto
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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Tambaya 33 Rahoto
Gases are best transported by
Tambaya 35 Rahoto
Another name for exchange of goods or other goods is called
Tambaya 36 Rahoto
The best definition of Communication in Commerce is
Tambaya 37 Rahoto
Goods that are not useful by themselves, but help in the production of other desired goods are called ....... goods.
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Tambaya 39 Rahoto
The process by which the government takes over private business is known as
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Tambaya 40 Rahoto
What is the fastest means of sending documents from one place to another
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Tambaya 42 Rahoto
Assets of a business which can easily be changed into cash are called
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Tambaya 43 Rahoto
Reorganization of public enterprises to run as profit-making ventures is called
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Tambaya 44 Rahoto
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”?
Tambaya 47 Rahoto
A bank overdraft can only be granted to the holder of a
Tambaya 49 Rahoto
ln the selection of means of transport, speed is an important consideration for goods that are
Tambaya 50 Rahoto
A statement of the current price and terms of trade of a product or service is called
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