Which of the following involves foreign trade ?

• A. supermarket
• B. Chain stores
• C. Departmental stores
• D. commodity markets

The cost of telephone conversation is determined by

• A. number of words spoken
• B. person sending the message
• C. duration of the conversation
• D. urgency of the message conveyed

The major achievement of ECOWAS is?

• A. the expansion of regional trade
• B. the emergance of a monetary union
• C. infrastructural development in member countries
• D. mobility of labour among member countries

Which of the following is an example of insurable risk?

• A. Change in consumer's taste
• B. The probability of a third world war
• C. Flood resulting from excessive rain in a year
• D. The death of a business partner

The selling of goods in small units is normally performed by

• A. chambers of commerce
• B. wholesalers
• C. distributors
• D. retailers

The function of money that makes it generally acceptable is

• A. unit of account
• B. store of value
• C. medium of exchange
• D. standard of deferred payment

One major advantage of a Credit and thrift Cooperative is that

• A) there are no legal restrictions
• B) each members has a vote during meetings
• C) it encourages saving habit
• D) it can approach government for a loan

The nominal value of a share is the same as its?

• A. market value
• B. below par value
• C. above par value
• D. face value

When old customers stick to the old place to buy goods and services,it is known as

• A. goodwill
• B. personal factor
• C. window shopping
• D. patronage

Small-scale retailers continue to exist in spite of the dominance of large firms because they

• A. render personal service
• B. employ few salesmen
• C. can raise large capital from relatives
• D. deal in specific goods