The practice of giving a particular name to a product by a manufacturer is

An extra commission paid to an agent who guarantees credit sales made by him is a

A professional in insurance who evaluates the level of loss claims is an

The insurance services rendered to a foreign shipping company are treated as

Dividing the market for a product according to potential buyers who have common characteristics is

Which of the following aids to trade facilitates production ahead of demand?

When a government acquires business enterprise formerly owned by individuals, it is termed

How many countries make up the River Niger Basin Commission?

Which of the following means of payment makes the bank both the drawer and drawee?

An association that protects the interest of members in the same line of business is a

Use the following information to answer questions 11 to 13. Bamidele Co. Ltd has authorized capital of ₦40,000,000 ordinary shares of ₦4 each. Shares issues and fully paid are 25,000,000. The value of Bamidele Co. Ltd's authorized share capital is

Use the following information to answer questions 11 to 13. Bamidele Co. Ltd has authorized capital of ₦40,000,000 ordinary shares of ₦4 each. Shares issues and fully paid are 25,000,000. The value of the issued capital amounts to

Use the following information to answer questions 11 to 13. Bamidele Co. Ltd has authorized capital of ₦40,000,000 ordinary shares of ₦4 each. Shares issues and fully paid are 25,000,000.The unissued capital amounts to

Which of the following aids to trade is used to stimulate demand for goods?

The term consumer sovereignty means that the

Which of the following activities is classified under extractive industry?

Use the information below to answer questions 17 to 18.

BYX enterprise has the following balances at the end of march 2010.

Opening stock      D6,000

Purchases             23,000

Salaries and wages            12,000

Closing stock.       D8,000

Sales            30,000

Calculate the gross profit of BYX Enterprise

Use the information below to answer questions 17 to 18.

BYX enterprise has the following balances at the end of march 2010.

Opening stock      D6,000

Purchases             23,000

Salaries and wages            12,000

Closing stock.       D8,000

Sales            30,000

What is the rate of turnover of BYX Enterprise?

Which of the following workers is engaged in construction occupation?

A cheque which the bank refused to pay because the drawer had insufficient funds in his account is

Which of the following is a function of the retailer to the wholesaler?

The term utmost good faith in insurance means

Which of the following business units enjoys government subsidies?

Duty drawback refers to duties paid on

The capital that is used in the day-to-day running of a business is

Which of the following is classified under current asset?

The reduction in value of a country's currency in relation to others is

Retail outlets which sell from specialized vans are called

Which of the following is an aspect of marketing concept?

The practice of selling goods in foreign markets at a price lower than the cost price is

A cheque made payable to a named person is

A house insured against damage by flood was burnt down and the owner had no claim. Which of the following principles prevented him from making a claim

The market for short term capital is called

Which of the following principles stipulates that the insured must be in position to suffer financial loss?

When shares are sold 'ex-div' it means the

Turnover could be increased by

Commerce started as a result of

Which of the following is used for making payments to many people in the single cheque?

Equity interest in a company is represented by

When two insurers are liable under a given common policy, the principle of insurance that applies is

All activities aimed at creation of a good image for an organization are referred to as

Which of the following is a disadvantage of foreign trade?

Study to discover consumers' preferences and need is called

Which of the following is a disadvantage of retailing?

A private limited liability company differs from a public limited liability company because it

A tax charged in proportion to the value of imported goods is

Which of the following is a reason for the failure of public corporations?

The factor that is not considered when determining the means of transport suitable for cargo is

Which of the following is a document of title to goods?

The fee paid for transporting goods by ship is