The activities aimed at finding customers needs and satisfaction can be described as

• A. conceptual marketing
• B. macro-marketing
• C. socio-marketing
• D. micro-marketing

The Manager, Afribank, Lagos. Please pay to Great Nigeria Insurance Company, from my account, a sum of #125.00 at the end of every month until further notice, starting from this month. The above instruction is a

• A. bill of exchange
• B. certified cheque
• C. promissory note
• D. standing order

which of the following is a disadvantage of foreign trade

• A. it encourages dumping
• B. it widens the world market
• C. it encourages specialization
• D. it provides varieties of goods

A demerit of communication is that it

• A. increase the cost of goods in transit
• B. give room for distortion of fact
• C. hinder quick reception of messages over a long distance
• D. makes payment for goods cumbersome

If a customer opens a deposit account with a bank, he will

• A. recieve a crossed cheque book
• B. be given a tally
• C. be given a loan
• D. recieve interest

The method by which insurance companies spread their risk to other insurance companies is called?

• A. double insurance
• B. under-insurance
• C. re - insurance
• D. over- insurance

If a businessman wants to insure against dishonesty of the cashier, he will take

• A. burglary policy
• B. an employer's liability cover
• C. a fidelity guarantee cover
• D. a consequential loss policy

The type of activity which turns processed raw materials into consumer and industrial goods is described as

• A. extractive
• B. manufacturing
• C. constructive
• D. processing

The most acceptable means of payment in foreign transaction is

• A. personal cheques
• B. central bank cheques
• C. irrevocable letters of credit
• D. bankdrafts

The insurance principle that requires full disclosure of information on the insured is known as

• A. indemnity
• B. uberrimae fidei
• C. subrogation
• D. caveat emptor