One of the functions of a retailer is the

• A. breaking of bulk
• B. provision of credit facilities to relations
• C. provision of jobs for customers
• D. financing of production activities

A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share. If the shares were fully subscribed, calculate the issued capital?

• A. N4 000 000
• B. N2 000 000
• C. N1 000 000
• D. 500 000

Department stores are usually located?

• A. where low income earners live
• B. In suburban towns
• C. at city centres
• D. in low rental areas

What is the name of a service where a bank makes regular payment on behalf of its customers

• A. Direct debit
• B. Credit transfer
• C. Standing order
• D. Bank draft

A document issued by the seller`s own courier and signed by the customer to acknowledge receipt of the goods is?

• A. advice note
• B. consignment note
• C. delivery note
• D. freight note

Which of the following activities increases demands for goods and services

• A. advertising
• B. banking
• C. transportation
• D. warehousing

The term fiduciary issue means

• A. money issued without gold backing
• B. money issued with gold backing
• C. money issued as currency note
• D. gold reserve

The combination of product, price, promotion and distribution decisions employed by a company is referred to as

• A. pricing policy
• B. marketing mix
• C. product mix
• D. marketing concept

The department that deals with internal grievances and maintenance of discipline in an organization is the

• A. accounts
• B. maintenance
• C. personnel
• D. public relations

Partnership are most suitable where

• A. the partners are family friends
• B. professionals are involved
• C. members can easily raise enough capital
• D. government regulations are favourable