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Question 1 of 50
1. Question
Commerce is relevant to the economic development of a nation because it facilitates
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Question 2 of 50
2. Question
Use the information below to answer questions
Tayo is a policeman, Emma a plumber, Shittu a broker and Ibori a fisherman
An industrial worker is
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Question 3 of 50
3. Question
Use the information below to answer questions
Tayo is a policeman, Emma a plumber, Shittu a broker and Ibori a fisherman
The importance of capital to production is that it
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Question 4 of 50
4. Question
The importance of capital to production is that it
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Question 5 of 50
5. Question
A limitation of specialization is
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Question 6 of 50
6. Question
A joint-stock company is distinct from other forms of business organization in that
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Question 7 of 50
7. Question
The business organization in which members have equal voting rights is a
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Question 8 of 50
8. Question
The document that regulates the internal operations of a public limited company is the
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Question 9 of 50
9. Question
A major objective of corporate mergers is to
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Question 10 of 50
10. Question
A public limited company with a national capital of 200 000 ordinary shares of 50k each issued 60% of the shares to the public at par. Determine the issued capital
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Question 11 of 50
11. Question
The residue of undistributed profit after commitments on preference shares is appropriated to the
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Question 12 of 50
12. Question
Which of the following increases the rate of turnover?
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Question 13 of 50
13. Question
The acid test ratio is
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Question 14 of 50
14. Question
Bill discounting is a function of the
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Question 15 of 50
15. Question
The most recent service introduced in the Nigerian banking sector is
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Question 16 of 50
16. Question
A long-term form of financing business is
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Question 17 of 50
17. Question
An agent that operates only in the primary market of the stock exchange is the
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Question 18 of 50
18. Question
The term cum div means that the holder of such shares is
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Question 19 of 50
19. Question
The retail outlet that can successfully sell unbranded goods is
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Question 20 of 50
20. Question
A document authorizing the release of goods to the owner from a bonded warehouse after settling the outstanding import duty is the
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Question 21 of 50
21. Question
Middlemen can be eliminated when
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Question 22 of 50
22. Question
The fall in the exchange rate of a country’s currency will result in a
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Question 23 of 50
23. Question
The document received by a manufacturer describing the goods, markings, shipment, terms of sale and payment is
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Question 24 of 50
24. Question
When a seller discovers an overcharge on an invoice , the document of notification is
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Question 25 of 50
25. Question
Use the information to answe the question below
Musa bought goods worth tt7,200 on credit from Taye which attracted 5% cash discount if payment was made within two weeks.
Calculate the amount received by Taye if payment was made with the agreed period?
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Question 26 of 50
26. Question
Use the information to answe the question below
Musa bought goods worth tt7,200 on credit from Taye which attracted 5% cash discount if payment was made within two weeks.
Determine the amount paid by Musa if he also enjoyed a N200 trade discount of the purchase
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Question 27 of 50
27. Question
The law governing the formation of a trade associated is contained in
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Question 28 of 50
28. Question
A trade association is different from a professional association because membership of the latter requires
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Question 29 of 50
29. Question
Raw materials and semi-finished and finished goods are generally called
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Question 30 of 50
30. Question
The commonest organizational structure in any business setting is the
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Question 31 of 50
31. Question
A detailed analysis carried out by a firm of itself, its consumers and competition is
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Question 32 of 50
32. Question
A strategy adopted to rekindle the interest of lost customers is
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Question 33 of 50
33. Question
A manufacturer distinguishes his product from others by
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Question 34 of 50
34. Question
The greatest beneficiaries of transport as a means of distribution are
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Question 35 of 50
35. Question
What does the encoder transmit to decoder?
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Question 36 of 50
36. Question
ICT is desirable and inevitable in modern business because it
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Question 37 of 50
37. Question
The basic feature of tourist centers in Nigeria is
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Question 38 of 50
38. Question
Amusement parks created by government are mainly for
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Question 39 of 50
39. Question
The major beneficiary of insurance services is the
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Question 40 of 50
40. Question
An insurance policy that covers human injuries is
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Question 41 of 50
41. Question
The insurance principle which prohibits the insured from benefiting more than once is that of
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Question 42 of 50
42. Question
Software is a term used to describe
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Question 43 of 50
43. Question
A major disadvantage of the computer is that it
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Question 44 of 50
44. Question
For a contract to be valid, there must be
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Question 45 of 50
45. Question
Niyi persuaded Ade who was under the influence of alcohol to sign an agreement to contribute money to a business. The court held that the contract was invalid because .
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Question 46 of 50
46. Question
The authority that allows an individual to use what he has produced for a long time is called
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Question 47 of 50
47. Question
Commercialization can be described as the
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Question 48 of 50
48. Question
A decline in fishing activities in the reverine areas of Nigeria is a result of
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Question 49 of 50
49. Question
The harmonization of money policies of matter statesis one of the objectives of
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Question 50 of 50
50. Question
The Lake Chad Basin Commission is governed by the
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