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Pergunta 1 Relatório
A statement of the current price and terms of trade of a product or service is called
Detalhes da Resposta
Pergunta 3 Relatório
A common legal association which exists when one party, known as the principal authorizes another party to enter into contract is called
Detalhes da Resposta
Pergunta 5 Relatório
The process by which the government takes over private business is known as
Detalhes da Resposta
Pergunta 6 Relatório
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called
Detalhes da Resposta
Pergunta 7 Relatório
When one party to a contract refuses to perform the obligations assumed under the contract, there is
Detalhes da Resposta
Pergunta 8 Relatório
Grouping consumers based on their purchasing habits is called market
Detalhes da Resposta
Pergunta 9 Relatório
The fastest and most accurate means of passing information is
Detalhes da Resposta
Pergunta 10 Relatório
Another name for exchange of goods or other goods is called
Detalhes da Resposta
Pergunta 11 Relatório
A business activity that directs the flow of goods and services from the producer to the consumer is called
Detalhes da Resposta
Pergunta 12 Relatório
The document usually sent to each customer by the bank periodically showing the balance outstanding in an account is known as
Detalhes da Resposta
Pergunta 13 Relatório
Who has no right of ownership to a business organization?
Detalhes da Resposta
Pergunta 14 Relatório
The greatest weapon of the buyer against the activities of false advertisers is
Detalhes da Resposta
Pergunta 16 Relatório
The main reason for Government ownership of a public enterprise is to provide
Detalhes da Resposta
Pergunta 17 Relatório
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
Detalhes da Resposta
Pergunta 20 Relatório
The factor of production which involves both the mental and physical effort of man is called
Detalhes da Resposta
Pergunta 21 Relatório
A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance of N20,000 is his
Detalhes da Resposta
Pergunta 22 Relatório
A situation where a consumer's need is the focus of attention is regarded as
Detalhes da Resposta
Pergunta 23 Relatório
The compensation made to an insured for loss incurred in insurance is called
Detalhes da Resposta
Pergunta 24 Relatório
Which insurance principle indicates that only the person who might suffer financial loss will be allowed to take out insurance?
Detalhes da Resposta
Pergunta 25 Relatório
ln the selection of means of transport, speed is an important consideration for goods that are
Detalhes da Resposta
Pergunta 27 Relatório
What is the fastest means of sending documents from one place to another
Detalhes da Resposta
Pergunta 29 Relatório
The reputation and good image benefits arising from the business connections of a firm are called
Detalhes da Resposta
Pergunta 30 Relatório
Which document is used to advertise shares to the general public?
Detalhes da Resposta
Pergunta 31 Relatório
Goods that are not useful by themselves, but help in the production of other desired goods are called ....... goods.
Detalhes da Resposta
Pergunta 34 Relatório
Assets of a business which can easily be changed into cash are called
Detalhes da Resposta
Pergunta 35 Relatório
What is a voluntary association of business executives, tradesmen, or entrepreneurs?
Detalhes da Resposta
Pergunta 36 Relatório
Which is the banker of all commercial banks in the country?
Detalhes da Resposta
Pergunta 37 Relatório
An already existing line of product is advertised in order to
Detalhes da Resposta
Pergunta 38 Relatório
What covers the risk which an employer may suffer as a result of the dishonesty of an employee?
Detalhes da Resposta
Pergunta 40 Relatório
Reorganization of public enterprises to run as profit-making ventures is called
Detalhes da Resposta
Pergunta 42 Relatório
The different types of occupation in which people are engaged can be grouped as
Detalhes da Resposta
Pergunta 43 Relatório
Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay
Detalhes da Resposta
Pergunta 44 Relatório
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”?
Detalhes da Resposta
Pergunta 46 Relatório
Assets of a business which can easily be changed into cash are called
Detalhes da Resposta
Pergunta 50 Relatório
Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to
Detalhes da Resposta
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