The law of diminishing marginal returns relate to?

• A. total utility
• B. average utility
• C. total product
• D. marginal utility

What did God promise the Israelites after their rescue from Babylon to make them fear Him for ever?

• A. a new convenant and a new spirit
• B. one heart and one way
• C. prosperity and security
• D. a new heart and a new life

The rate of turnover of a company in a given year is 4 times while the average stock is N12,4OO. What is the turnover of the company?

• A. N49,600
• B. N24,800
• C. N6,200
• D. N3,100

the value at which one country obtains another country's currency is?

• A. terms of trade
• B. exchange rate
• C. bank rate
• D. terms of payment

One of the functions of a trade association is to

• A. pay members salaries
• B. promote members' welfare
• C. provide loans to members
• D. provide employment for members

Why are adjustments in the profit and loss account necessary?

• A. To cover some expenses of the following year
• B. To show the provisions made during the year
• C. To show the total expenses paid and income received during the year
• D. To ascertain the actual expenses incurred and income earned during the year

The provision of scholarship by a firm to needy students is part of its?

• A. political responsibility
• B. economic responsibility
• C. social responsibility
• D. legal reponsibility

The diagram below is an illustration of a stage in a biological process. Study it and answer this question

What stage of cell division is illustrated in the diagram?

• A. Prophase
• B. Metaphase
• C. Anaphase
• D. Telophase

The bearing of Danki from Oju is

• A. 90°
• B. 150°
• C. 285°
• D. 355°

If the coefficient of price elasticity of supply is greater than one, the supply is said to be

• A. perfectly elastic
• B. fairly inelastic
• C. infinitely inelastic
• D. fairly elastic