Petrol voucher is an example of a

• A. bankdraft
• B. legal tender
• C. token money
• D. partial money

A limited company can raise long term capital through the

• A. commodity market
• B. stock exchange market
• C. export market
• D. foreign exchnage market

A major cost component of running a mail order firm is the

• A. printing of catalogues
• B. paying salemen's salaries
• C. renting shops
• D. travelling expenses

In the absence of the bill of lading, which of the following is used o clear the goods

• A. Bill of sight
• B. Dock warrant
• C. Certificate of Origin
• D. Mate's receipt

The media media used for inter-departmental communication include?

• A. circulars, advertisement and notice boards
• B. memoranda, circulars and the telephone
• C. memoranda, advertising and face-to-face
• D. momoranda, advertising and the grapevine

A company which another company is a member and control the board of directors or hold more than half of its equity is termed_______

• A. Subsidiary
• B. Syndicate
• C. Holding Company
• D. Parent company

Use the information below to answer questions 3 and 4. Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution. After paying the debts of aboki Plc, the balance goes to?

• A. Aboki Plc
• B. Babalawee
• C. shareholders
• D. creditors

Which of the following takes place when firms producing at different stages in the same industry combine?

• A. conglomeration
• B. vertical integration
• C. horizontal integration
• D. cartel

The document which can be exchange for a bill of lading is?

• A. freight note
• B. mate receipt
• C. export invoice
• D. ship report

Which of the following is not a commercial occupation?

• A. Transportation
• B. Warehousing
• C. Banking
• D. Fishing