The difference between total current assets and total current liabilities of a business is known as

• A. quick ratio
• B. liquidity ratio
• C. working capital
• D. circulating capital

Ordinary warehouse is usually owned and used by

• A. government
• B. agents
• C. retailers
• D. wholesalers

A mortgage bank is primarily concerned with financing the acquisition of

• A. motor vehicle
• B. research equipment
• C. computer machine
• D. dwelling houses

The interplay of such variables as product, price, distribution and promotion is known as?

• A. the distribution mix
• B. market segmentation
• C. the market mix
• D. the marketing concept

which of the following sets of items was used for exchange in Nigeria before money was introduced?

• A. cowries, iron rods, brass rods and copper rods
• B. iron rods, copper rods, manilla and cowries
• C. cowries, manilla, brass rod andcopper wires
• D. copper wires, brass wires, cowries and iron rod

An agent employed to sell goods delivered to him by the principal is referred to as a

• A. special agent
• B. del credere agent
• C. factor
• D. universal agent

Which of the following encourages people to save towards owning a house?

• A. Merchant bank
• B. Development bank
• C. Mortgage bank
• D. Commercial bank

In which of the following are members entitled to one vote, irrespective of the number of shares held?

• A. Public corporation
• B. Partnership
• C. Limited company
• D. Co-operative society

A term embracing buying, selling and distributing of goods and services is known as?

• A. wholesale trade
• B. retail trade
• C. commerce
• D. market mix

The main advantage of a sole trader is its freedom to

• A) Employ anyone he likes
• B) Seek advice from any source
• C) Take quick decisions
• D) Plough all the profits back into the business