The safe keeping of goods from the point of production to the time they are needed is`

• A. standardizing
• B. warehousing
• C. hoarding
• D. stock controlling

A business partner who provides capital but abstains from participation in administration of a firm is a

• A. general partner
• B. nominal partner
• C. secret partner
• D. dormant partner

The members of ECOWAS include?

• A. Nigeria, Chad, Gabon and Cape Verde
• B. Burkina Faso, Nigeria and Ghana, Algeria
• C. Guinea, Mali, Cameroun and Nigeria
• D. Togo, Niger, Nigeria and Ghana

A Sole proprietor insured his goods worth N200,000 for half the value. There was a fire incident in which goods valued N80, 000 were destroyed. The value of compensation expected from the insurer is

• A) N440,000
• B) N1,480,000
• C) N200,000
• D) N100,000

Which is the fastest means of transportation?

• A. Water
• B. air
• C. rail
• D. Road

The best means of sending unwritten messages simultaneously to many branches of an organization within a country is the?

• A. television
• B. telephone
• C. telegraph
• D. radio

The scope of commerce is limited to?

• A. home and foreign trade
• B. wholesale and retail trade
• C. trade and aids to trade
• D. wholesale and entrepot

An association that protects the interest of members in the same line of business is?

• A. consumer association
• B. trade union
• C. trade association
• D. chamber of commerce

An agent whose authority, as conferred by the principal, has no limit is a

• A. del credere agent
• B. general agent
• C. special agent
• D. universal agent

Which is the fastes means of transportation?

• A. road
• B. air
• C. rail
• D. water