The most important piece of legislation governing business and commercial activities in Nigeria currently is the

The assets, liabilities and general management of a distressed bank may be taken over by

Shares can be forfeited for

The merger of two companies producing the same type of products is an example of

When an industry or company is nationalized, the state becomes

A public limited company can raise long-term loans through

A major liability of a commercial bank arises from

Commerce makes it possible for man to live in a …

For the establishment of a powerful consumers’ association in Nigeria to exist, there must be

Freight note is a document

Which of the following takes place when firms producing at different stages in the same industry combine?

The breaking down of a market into separate and identifiable elements each with its own special product requirements is known as market

A distinguishing characteristic of a limited liability company is that is

The existing system of governance and the administrative sub-divisions of a country which described as

The activities of consumers association in Nigeria have not been effective because

Sole enterprise may flourish best in

An example of a consumer protection agency is the

Which of the following statements is TRUE about sea transport?

RRF as a scheme introduced by the Central Bank of Nigeria means

Under normal circumstances, a business enterprise can be ideally structured

What are the factors with which commercial undertakings can be distinguished?

I           Size of the undertakings

II          Profits generated

III        forms of ownership

IV        Location of the undertakings

Which of the following makes other functions of business its appendages?

The overriding objective of the Food and Drug Act in Nigeria is to prevent the

Motivation is an essential element in management because it

The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called

The main function of thrift, credit and loans co-operative societies is to

The difference between the total payments for imports and the receipts from exports within a given period is referred to as

An underlying principle in the marketing of goods is that firms should

One of the criteria for differentiating consumer markets from industrial ones is the

The business organization in which shareholders have equal votes is

The existing system of governance and the administrative sub-divisions of a country which described as

The use of computers in modern banking industry is a reflection of

A company earned a total revenue of =N=108 million with a total cost of =N=91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.

What of the above are requirements for admission into the second-tier securities market?

I. Companies must be registered as private limited liability companies.

II. Companies must have not less than 100 shareholders.

III. No shareholder may have more than 75% of issued share capital.

The nominal value of a share as specified in the Memorandum of Association and the share certificate is the

In the case of a voluntary liquidation of a business, the receiver is appointed by the

If a firm’s turnover is =N=15,000 and the cost of goods sold is =N= 10,000, what is the percentage of gross profit on sales?

Which of the following is the most important business resource?

NACCIMA stands for

The body that organizes, promotes and participates in local and foreign trade fairs is the

A term which indicates that a share is temporarily suspended is

Which of the following gives the correct order in which the listed documents are used?

A demonstration of social responsibility by a business is the payment of

The ECOBANK is the initiative of

The ordinary shareholders enjoy the following rights EXCEPT the right to

Goods discharged from ships on which import duties have not been paid are kept in the

The production process that combines two or more raw materials into one end product is

Which of these sets of external environmental factors affect a business operation?

The least of the advantages of indigenization is that

Management is described as