One of the effects of the devaluation of the Naira is that the

• A. goods that can be imported with the naira have become cheaper
• B. value of other currencies relative to the naira have become cheaper
• C. goods that can be exported from Nigeria have become costlier
• D. imports that can be bought with the naira have become costlier

Communication process involves the transmission of a message over a selected channel to the?

• A. receiver
• B. audience
• C. sender
• D. encoder

An agent who transacts business with the broker in the stock exchange is a

• A. stag
• B. bull
• C. del credere
• D. jobber

a person or firm to whom money is owed is?

• A. banker
• B. guarantor
• C. debtor
• D. creditor

The tendency for firms and individuals to concentrate on the activity which is of most advantage of them is known as?

• A. decentralization
• B. diversification
• C. commercialization
• D. specialization

The major aim of establishing a public corporation is to

• A. establish a monopoly
• B. provide essential services
• C. provide employment opportunities
• D. encourage specialization

The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called

• A. uberrimae fidei
• B. indemnity
• C. proximate cause
• D. insurable interest

Capital owned is the same as?

• A. authorised capital
• B. issued capital
• C. net worth of a business
• D. fixed assets of a business

The type of communication from a superior to a subordinate in an organization is referred as?

• A. horizontal communication
• B. lateral communication
• C. downward communication
• D. upward communication

The Central Bank differs from commercial banks because it?

• A. renders service to customers
• B. carries out foreign exchange transactions
• C. issues currencies
• D. discounts bills