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Pergunta 2 Relatório
When one party to a contract refuses to perform the obligations assumed under the contract, there is
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Pergunta 3 Relatório
Reorganization of public enterprises to run as profit-making ventures is called
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Pergunta 4 Relatório
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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Pergunta 5 Relatório
Which is NOT the right of the consumer according to the Consumer Education and Protection Council? The right to
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Pergunta 6 Relatório
The process by which the government takes over private business is known as
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Pergunta 10 Relatório
What covers the risk which an employer may suffer as a result of the dishonesty of an employee?
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Pergunta 11 Relatório
Grouping consumers based on their purchasing habits is called market
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Pergunta 12 Relatório
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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Pergunta 13 Relatório
Which insurance principle indicates that only the person who might suffer financial loss will be allowed to take out insurance?
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Pergunta 16 Relatório
Who has no right of ownership to a business organization?
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Pergunta 17 Relatório
Goods that are not useful by themselves, but help in the production of other desired goods are called ....... goods.
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Pergunta 19 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”?
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Pergunta 21 Relatório
The factor of production which involves both the mental and physical effort of man is called
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Pergunta 22 Relatório
Assets of a business which can easily be changed into cash are called
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Pergunta 23 Relatório
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
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Pergunta 25 Relatório
An already existing line of product is advertised in order to
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Pergunta 28 Relatório
ln the selection of means of transport, speed is an important consideration for goods that are
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Pergunta 29 Relatório
A document which must be prepared and produced by the promoters of a company and contains ‘external rules’ is called
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Pergunta 30 Relatório
The compensation made to an insured for loss incurred in insurance is called
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Pergunta 31 Relatório
The reputation and good image benefits arising from the business connections of a firm are called
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Pergunta 32 Relatório
The greatest weapon of the buyer against the activities of false advertisers is
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Pergunta 35 Relatório
A situation where a consumer's need is the focus of attention is regarded as
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Pergunta 36 Relatório
The main reason for Government ownership of a public enterprise is to provide
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Pergunta 37 Relatório
What is the fastest means of sending documents from one place to another
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Pergunta 39 Relatório
Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay
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Pergunta 40 Relatório
A statement of the current price and terms of trade of a product or service is called
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Pergunta 41 Relatório
What is a voluntary association of business executives, tradesmen, or entrepreneurs?
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Pergunta 42 Relatório
Assets of a business which can easily be changed into cash are called
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Pergunta 43 Relatório
Which is the banker of all commercial banks in the country?
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Pergunta 44 Relatório
The different types of occupation in which people are engaged can be grouped as
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Pergunta 45 Relatório
The fastest and most accurate means of passing information is
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Pergunta 46 Relatório
Another name for exchange of goods or other goods is called
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Pergunta 48 Relatório
A business activity that directs the flow of goods and services from the producer to the consumer is called
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Pergunta 49 Relatório
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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Pergunta 50 Relatório
Which document is used to advertise shares to the general public?
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