Factors considered when setting up a retail business is one of the following
The law by which a seller transfers the property in goods to a buyer at an agreed price is the
Which of the following countries are members of the Lake Chad Basin Commission?
A major function of chamber of commerce is
The exchange of goods for goods in foreign trade is known as?
Which of the following groups would advocate for the supply of constant electricity to households?
The principle of span of control stipulates that?
The type of occupation that a broker belongs to is
A distinguishing characteristic of a limited liability company is that
An individual that links the producer with the retailer is
Which of the following are the components of commerce?
I. trading and advertising
II. warehousing and transportation
III. packing and branding
IV. Insurance and banking
The principle which requires the insurance company to disclose to the proposer all material facts of the risk to be covered is
Which of the following does a seller send in reply to a letter of inquiry?
In the formation of a united liability company, the following documents are prepared except _____
The transfer of risks already undertaken from one insurance company to another is?
Shares are said to be sold at a discount when they are sold
The process of converting a non-profit making organisation to a profit-making business is
An International organisation that influence and fix the price of oil in the International markets is
All but one is not a barriers to foreign trade
Which area of law is NOT related to business?
Fishing is an example of
Which of the following activities is not an example of the extractive industry
Which of the following is NOT a credit instrument?
A tax paid on goods manufactured and consumed in your country is called
The activities aimed at finding customers needs and satisfaction can be described as
Which of the following is not a characteristic of a commercial bank?
The scope of economic activities can be enlarged by
Encouraging a high quality of member's products through the circulation of research information is a function of
One of the functions of the Nigeria Ports Authority is the provision of
When the price quoted includes all the cost to the actual destination, that is, from the seller's warehouse to the buyer's warehouse. it is called
A responsibility to control environmental pollution is the responsibility of ____
A proforma invoice is not required when
Consumers could be encouraged to purchase a company's product through
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock D3,000. The average
stock is
Which of the following organizations provide essential goods and services at low cost to citizens?
The main objective of nationalization of industries is to
An activity that involves derivation of raw materials from land and sea is
One of the functions of a trade association is to
Which of the following is a source of capital to a sole proprietorship?
Turnover of a business is the same as the
