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An article used as a means of exchange in the early days of trade in West Africa was
The provision of services is classified under
The growth of commerce is not enhanced by
One of the products of the construction industry is a
The service of a retailer is part of production because it
The resources put together to create goods and services are
Which of the following organizations provide essential goods and services at low cost to citizens?
A group of sellers who pool their resources to buy goods in large quantities and sell to its members IS a
Average stock is derived by adding
A retail business that sells goods by post, using catalogues is a
Which of the following documents would a shareholder inspect to know his voting rights?
An internal source of finance to an entrepreneur is

Use the information below to answer questions 13 and 14.
Calculate the working capital.

Use the information below to answer questions 13 and 14.
Calculate the gross profit.
A partner who contributes only his name to the formation of a partnership is
Which of the following groups would advocate for the supply of constant electricity to households?
A retail store that sells a single product from a particular manufacturer is a
A country's visible balance of payment is made up of
The quality of money which makes it possible to buy goods in small quantities is
One of the functions of commercial banks that cannot be performed by central banks is
A document that instructs an agent to buy goods from a named firm is
The incentive given to a buyer to encourage prompt payment is
The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is
Dealers in the stock exchange such as bulls, bears and stags are categorized as
Which of the following is not a characteristic of a commercial bank?
Central banks sell treasury bills to the public to
A document used to ensure correct payment of duty at the importing country is
A cheque is specially crossed if
One of the functions of a trade association is to
When a share with a nominal value of ₦50 is quoted at ₦70, it is being sold
Sea vessels that do not operate on regular times and routes are
Payment made to a carrier for transportation of goods is
An advantage of rail transport is that it
The commission on a postal order is
Consumers could be encouraged to purchase a company's products through
The marketing concept emphasizes \sale of goods directly to customers.
An undertaking to repair a customer's vehicle a certain period after it has been sold is
Which of the following is not a right of a consumer?
Advertisement which is geared towards a particular audience is
The law by which a seller transfers the property in goods to a buyer at an agreed price is the
The act of removing government laws and allowing market forces to determine prices is
The purpose of commercialization is to
An agency agreement in which the principal approves the action of his authorized representative is agency by
A requirement for an offer to be valid is that it should be
A disadvantage of privatization is
The number of subordinates a head of department supervises is
An organizational chart of a company shows the
Which of the following is not a function of management?
One of the aims of ECOWAS is to
The agreement which led to the formation of the West African Clearing House was signed in
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