Tutorial Haven - Pass JAMB, WAEC & NECO with Ease

1 of 15

The second tier security market is

A. an appendage to the Nigeria stock exchange

B. a member of the Nigeria stock exchange

C. meant for the shares of quoted private companies

D. a regulating arm of the Nigerian stock exchange

2 of 15

An agreement that is enforceable in law is

A. a contract

B. an acceptance

C. an offer

D. a consideration

3 of 15

Which of the following is considered a primary objective of advertising in commerce?

To reduce production costs

To increase brand awareness

To enhance employee satisfaction

To comply with legal regulations

4 of 15

Nationalization of an industry means that its ownership becomes that of

A. government

B. shareholders

C. taxpayers

D. indigenes

5 of 15

When a firm speaker of stock appreciation, it refers to

A. change in the value of its stocks resulting from price movement

B. increase in the price of it shared quoted on the stock exchange

C. an unexpected increase in the demand of its stock

D. the value of its stock in the stock exchange

6 of 15

The process of creating more for a product is called?

A. advertising

B. marketing

C. promotion

D. consumerism

7 of 15

Which of the following is a primary objective of production management in a manufacturing setting?

To maximize employee satisfaction

To ensure product quality while minimizing costs

To enhance marketing strategies

To diversify product offerings

8 of 15

Which of the following groups is paid first when a firm liquidates?

A. Preference shareholders

B. Debenture holders

C. Ordinary shareholders

D. Cumulative preference shareholders

9 of 15

A pro forma invoice is NOT required when

A. quoting for the supply of goods

B. goods are sent on approval

C. dealing regularly with a customer

D. final prices are uncertain

10 of 15

Which of the following documents is typically required for the customs clearance of goods in international trade, ensuring compliance with local regulations and duties?

Bill of Lading

Proforma Invoice

Certificate of Origin

Purchase Order

11 of 15

Which of the following economic groupings is primarily focused on promoting regional economic integration and free trade among its member countries in Southeast Asia?

European Union

North American Free Trade Agreement (NAFTA)

Association of Southeast Asian Nations (ASEAN)

African Union

12 of 15

The most essential element of a product is the

A. price

B. utility

C. design

D. colour

13 of 15

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

A. ordinary warehouse

B. public warehouse

C. private warehouse

D. bonded warehouse

14 of 15

A business organization that exploits the capabilities of a member to remedy the weakness of another is a

A. joint venture

B. partnership

C. nominal partnership

D. cooperative

15 of 15

Which of the following is an example of an economic grouping aimed at promoting regional trade and economic cooperation among its member countries?

United Nations (UN)