The document that gives an importer a freehand to obtain goods from any manufacturer is?

• A. a consular invoice
• B. a closed indents
• C. an open indent
• D. a freight note

In a limited partnership, one of the members must be

• A. a general partner
• B. a nominal partner
• C. an active partner
• D. a dormant partner

The main factors militating against the rapid growth of trade in Nigeria are?

• A. inadequate transportation network and huge capital outlay
• B. lack of motivation and government attitude towards trade
• C. lacks of good transportation network and insecurity of investment
• D. huge capital outlay and government attitude to trade

(a)Explain four functions rendered by a courier firm.

(b) Explain six functions rendered by a Telecommunication firm

I. Its unlimited nature

II. The number of partners

III. The withdrawal of a major of partner

IV. The bearing of risk

Which of these is both merit and demerit in partnership?

• A. III and IV
• B. I only
• C. II only
• D. I and II

The main aim of selling directly to consumers by manufactures is to

• A. discourage the activities of middlemen
• B. make contacts with comsumers
• C. eliminate transportation cost
• D. maximize the profit margin

The compensation given to brokers who sell shares to jobbers is called

• A. premium
• B. commission
• C. salary
• D. interest

the water corporation is an example of a?

• A. cooperative
• B. public enterprise
• C. private enterprise
• D. limited company

Public relations and advertising are similar in terms of?

• A. communicating product information
• B. customer education
• C. the mode of operation
• D. creating a favorable attitude

Consumer sovereignty means that they consumer is

• A. a citizen
• B. always independent
• C. always wrong
• D. always right