The development of Commerce was promoted by

A major setback of e-commerce in West Africa is

Conversion of raw materials into finished goods

A source of finance peculiar to public companies is

An example of an entrepreneur is a

A partner who loses his capital only in case of bankruptcy is

Ship building is an activity under

The process of making goods and providing services for consumption is

A disadvantage of a sole trader is that he

Organization formed mainly by traders in the same line of business is a

Raw materials are classified as

A factor that determines the occupation of people living along coastal areas is

An advantage of self-service to customers is that it

.                                           D

Opening stock.          22,000.00
Purchases                  20,000.00
Debtors.                     12,000.00
Creditors.                   8,000.00
Closing stock.            8,000.00
Overdraft.                  5,000.00

Calculate average stock.

.                                           D

Opening stock.          22,000.00
Purchases                  20,000.00
Debtors.                     12,000.00
Creditors.                   8,000.00
Closing stock.            8,000.00
Overdraft.                  5,000.00

The value of current liabilities is

One of the aims of a consumer’s association is to advocate for

Prefinancing production is a wholesale function to

An adverse balance of payment could be corrected through

A price quotation that includes the cost of delivering the goods up to the ship but excludes the cost of loading is

To inform the buyer that goods are in transit, the seller sends

A financial institution established to raise funds for people who wish to build homes is a

A market where items are sold in lots or by description is a

The insurance policy that covers a company against cashier’s dishonesty is

Which of the following instruments is not a means of payment?

To correct an overcharge for goods on an invoice, the seller sends the buyer

A market for long-term loans is the

The most suitable means of transporting liquid and gas over long distances within a country is by

A computer’s main storage device is the

The amount an assured receives if he discontinues a life policy is

Which of the following means of advertising generates a wider coverage?

A cheque that bears a date later than the current date is a

The holder of a bill who wishes to dispose it before maturity would be paid

A medium of advertising that could be used by a hawker to promote sales is

Which of the following activities would make continuous production possible?

An advantage of personal selling is that it

The protection of an author’s published work

Under which Act could a buyer of a faulty television set claim for replacement?

The process of providing cover for goods is

Which of the following retail businesses sell without shop assistants?

The right of an unpaid seller includes the right to

One of the legislations that protects consumers is the

Internal and external factors that affect how a business functions is

The management function that provides guidance and supervision to subordinates is

A document issued by the captain of a ship to acknowledge receipt of goods is a

A reason for the privatization of the petroleum industry is to

A disadvantage of commercialization to consumers is that

One of the social responsibilities of a business to the community is

An objective of the Niger Basin Commission is to

The act of reducing government intervention in business is

Which of the following is not a problem of ECOWAS?