The net profit is the excess of gross profit and sources of income over all the expenses . This implies that net profit is

• A. the difference between gross profit and trade expenses
• B. the different between gross profit and net sales
• C. sales less cost of sales including sales returns
• D. opening stock add purchases less closing stock

A business that focuses attention on the quality of the goods produced by precisely knowing what the consumers desire is said to be operation the

• A. product mix
• B. promotion mix
• C. marketing concept
• D. product orientation

A form of money with face value which is greater than the value of the metal content is

• A. legal tender
• B. bank notes
• C. token money
• D. commodity money

Which of the following regulates and controls the activities in the Nigerian Stock Exchange?

• A. BPE
• B. SEC
• C. NDIC
• D. CBN

Mrs Jones who lives in the riverine community of Rivers State makes her living through crabbing and fishing . This type of occupation she is in is

• A. commercial
• B. manufacturing
• C. service
• D. extractive

An agent who transacts business with the broker in the stock exchange is a

• A. stag
• B. bull
• C. del credere
• D. jobber

One of the products of an extractive industry is

• A. an airplane
• B. an iron ore
• C. a shoe
• D. a textile material

Cum div differs from ex div in that, the later

• A. entitles the purchaser to recieve a company's current dividend
• B. entitles the vendor to recieve a company's current dividend
• C. confirms a purchase or sale made on behalf of a share holder
• D. is a document used to transfer ownership of shares

An association of voluntary organizations that work together for a common aim while retaining their independence is a

• A. syndicate
• B. merger
• C. cartel
• D. consortium

The physical and psychological satisfaction a customer derives from the purchase of goods and services is

• A. production
• B. product mix
• C. utility
• D. trade