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Question 1 of 30
1. Question
An example of a service rendering trade association is?
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Question 2 of 30
2. Question
An obstacle to international trade is?
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Question 3 of 30
3. Question
The right of ownership with respect to goods and property is?
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Question 4 of 30
4. Question
The main motive of chambers of commerce and trade association is to?
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Question 5 of 30
5. Question
A pattern that shows the kinds of participants involved in the production, distribution and ultimate use of a product is referred to as?
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Question 6 of 30
6. Question
Goods that are manufactured or acquired by the seller after the contract of sale are?
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Question 7 of 30
7. Question
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Ojo purchased the following items fom Sani ata the specified prices on credit:
200 cartins of milk at 1000 per carton; 50 bags of rice at 3000 per bag.
Sani allowed 10% trade discount and 5% cash discount, if payment is made within the agreed period. Ojo paid within the agreed period?
What was the amount paid by ojo?
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Question 8 of 30
8. Question
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How much was the trade discount?
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Question 9 of 30
9. Question
The basic function of the Nigeria Ports Authority is to?
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Question 10 of 30
10. Question
The concept that refers to the sale, transfer or exchange of goods and services is?
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Question 11 of 30
11. Question
A guarantee given by one person or party to another in which the integrity of the person is assured is?
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Question 12 of 30
12. Question
A firm that adapts itself to delivering the desired satisfaction more effectively than its competitors is said to be practicing?
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Question 13 of 30
13. Question
The payment made periodically in respect of an insurance policy entered into is known as?
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Question 14 of 30
14. Question
An example of service rendered by NIPOST is?
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Question 15 of 30
15. Question
The focal point of marketing is
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Question 16 of 30
16. Question
SDB
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Question 17 of 30
17. Question
The market structure, business conditions and financial systems in Nigeria constitute the
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Question 18 of 30
18. Question
A major benefit derivable from the privatization and commercialization of public enterprises in Nigeria is
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Question 19 of 30
19. Question
The most important function of commerce is
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Question 20 of 30
20. Question
Communication enhances business activities by
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Question 21 of 30
21. Question
One important requirement for the membership of the ECOWAS is
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Question 22 of 30
22. Question
In Nigeria, the body that ensures that its members operate according to their professional ethnics is the
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Question 23 of 30
23. Question
A floating policy is an example of
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Question 24 of 30
24. Question
The media used for inter-departmental communication include
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Question 25 of 30
25. Question
One of the advantages of a crossed cheque is that it can
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Question 26 of 30
26. Question
A protection right which can be reviewed or renewed after seven years is known as
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Question 27 of 30
27. Question
The conversion of raw materials into finished products creates
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Question 28 of 30
28. Question
The role of a wholesaler in the channel of distribution is to
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Question 29 of 30
29. Question
Capital to a business is technically
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Question 30 of 30
30. Question
A major setback of international trade is
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