The primary motive behind an individual engaging in production is to?

• A. fully engaged all the factors of production
• B. make available goods and services
• C. meets projected profit
• D. meet basic human needs

Another name for shares, stocks and debentures traded in the stock exchange is?

• A. collateral
• B. securities
• C. wares
• D. partcipating`preference shares

A contract terminated by the occurence of an event which makes performance impossible is discharged by?

• A. breach
• B. agreement
• C. frustration
• D. performance

The document issued to a port authority when goods are deposited is a?

• A. dock landing account
• B. bill of sight
• C. bill of lading
• D. dock warrant

The turnover of a trade is the

• A. number of times the stock is sold
• B. total sales made during a period
• C. profit made during the period
• D. total purchases made during the period

One of the functions of the Nigeria Ports Authority is the provision of?

• A. facilities to enhance the speedy loading and offloading of cargoes
• B. facilities to ensure that goods get to their destinations
• C. shelter for operators of cargoes
• D. courier services to ensure speedy delivery

Funds used for paying wages, salaries and payments for raw materials are categorized under

• A. liquid capital
• B. circulating capital
• C. fixed capital
• D. nominal capital

In international trade, documentary credit is also known as?

• A. credit note
• B. letters of credit
• C. bankers' note
• D. letter of hypothecation

Which of the following is not a function of management?

• A. Staffing
• B. Planning
• C. Organizing
• D. Distributing

The two lines on the instrument shows that it is

• A. altered
• B. crossed
• C. cancelled
• D. paid