The measure of independence available to the individual business unit that come together is the main different between

• A. veritcal and horizontal integration
• B. mergers and acquisition
• C. consortium and almalgamation
• D. trust and cartel

the machine used for sending telex messages is known as a?

• A. radar
• B. fax machine
• C. dictaphone
• D. teleprinter

Given: opening stock #1,800 purchases #2,800 sales #8,000 closing stock # 350 carriage on sales # 500 calculate the value of the unused stock.

• A. #800
• B. #500
• C. #350
• D. #320

The major components of modern retailing include?

• A. branding, doorstep selling and customer stimulation
• B. branding, sales promotion and mail order
• C. chain store, customer stimulating and doorstep selling
• D. branding, supermarkets and after sales-service

Which of the following must be include in the Articles of Association?

• A. Voting rights of the shareholders
• B. The objects of the business
• C. The address of the registered office
• D. Statement that liability is limited

A bus driver operating between Lagos and Jos pledged the owner's credit in Benin in order to have the engine repaired and the bill sent to the owner.This is a case of

• A. del credere agency
• B. agency by necessity
• C. agency by rafication
• D. agency by estoppel

The computer that functions by taking discrete numbers and performing mathematical calculations is called?

• A. mainframe
• B. digital
• C. hybrid
• D. analogue

The winding up of a firm by a resolution of its shareholders is an example of

• A. voluntary liquidation
• B. bankruptcy
• C. recession
• D. involuntary liquidation

If the opening stock of Ali ltd is N40,000, the cost of goods sold is N48,000 and the closing stock is N24,000, its rate of turnover will be?

• A. 1.2 times
• B. 1.5 times
• C. 2.0 times
• D. 7.5 times

An individual employed to act on behalf of another within a specified guideline is?

• A. a jobber
• B. an agent
• C. a broker
• D. a distributor