If an organization maintains a periodic stock system, the stock quantities are?

• A. updated at the end of the accounting year
• B. not considered in the updating process
• C. updated continuously
• D. updated at the beginning of the accounting year

Distinguish between the following:

(a) wants and effective demand; [5 marks]

(b) demand schedule and demand e; [5 marks]

(c) individual demand and market demand, [5 marks]

(d) change in demand and change in quantity demanded. [5 marks]

Which of the following business must have at least one member with unlimited liability?

• A. Limited liability company
• B. Limited partnership
• C. Nominal partnership
• D. Public eneterprises

Given that S = 3t² + 5t - 10 is displacement of a particle in metres, calculate it initial velocity.

• A. 10m/s
• B. 2m/s
• C. 5m/s
• D. 6m/s

Constituted authority is necessary in the society because?

• A. promote international relation
• B. ensure security of lives and properties
• C. serves as agents of socialization
• D. provide scholarship for higher education

The Lagos-Kano railway crosses the River Niger at

• A. Makurdi
• B. Kontagora
• C. Jebba
• D. Lokoja

Carbon is added to the atmosphere by the following processes except

• A. respiration
• B. burning
• C. photosynthesis
• D. volcanic eruption

A financial institution established for the purpose of providing specialzed services like acceptance of bills of exchange and equipment leasing is known as

• A. Merchant Bank
• B. Development Bank
• C. Central Bank
• D. Insurance Company

XY is a chord of circle centre O and radius 7cm. The chord XY which is 8cm long subtends an angle of 120^o at the centre of the circle. Calculate the perimeter of the minor segment. [Take \(\pi = \frac{22}{7}\)]

• A. 14.67cm
• B. 22.67cm
• C. 29.33cm
• D. 37.33cm

Which of the following statements is true about the 1963 and 1979 constitutions?

• A. both had provisions for the office of the president
• B. both had provisions for the office of a constitutional president
• C. both provided for the offices of prime minister and president
• D. both had provisions for the office of an executive president