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The direct authority of a superior over his subordinate is known as
Which of the following must be present in an agency by agreement?
A store house where contraband goods seized are kept is
A functional structure is an organizational structure in which
An agreement to sell is distinguishable from a sale because in the former, the transfer of goods is
The major responsibility of an entrepreneur is
Departmentalization is an aspect of
Commerce is defined as the study of how
A distinguishing characteristic of labour is that it is
The significance of money to modern economic system is that it
Which of the following best describes the Scope of Commerce?
Land as a factor of production does not vary in
A form of money that has gone out of use is
Commerce includes all the occupations concerned with
The reward for capital as a factor of production is
Money can simply be referred to as a
An advertising agent is engaged in
Production is said to be complete only when the goods reach the
Which of the following is not a function of commercial banks?
Which of the following is an industrial occupation?
The reward for entrepreneurship as a factor of production is
The management functions of evaluation whether objectives are being achieved is
A major liability of a commercial bank arises from
An example of indirect service is rendered by
The application of division of labour should generally bring about
Management is described as
Commercial banks are referred to as departmental stores of banking because they
A market where new shares are trade is known as
The principle of span of control stipulate that
The harmonic relationship among the various units in an organization is ensured through
Which of the following is not required in opening a current account?
The business in the stock exchange is characterised essentially by
The market structure, business conditions and financial systems in Nigeria constitute the
A customer is granted a permission to draw ₦350,000 rather than his initial deposit of ₦300,000 in his account balance. What is the overdraft?
The second-Tier Securities Market is
Business environment refers to all elements that are
The acronym ATM stand for
NACCIMA stands for
Which of these sets of external environment factors affect a business operation?
Which of these factors of production is relatively fixed in supply?
The main objective of a trade association can best be described as promotion and protecting
Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to
Capital as a factor of production can be used as
One major disadvantage of a cartel is that it
In an organization, civic consideration arises from
The assembly of product into useable form is known as
Which of the following is a major factor to be considered in siting a warehouse
Social responsibility is the ability of an organization to
Consumer right include the right to
The reoccurring setback of warehousing facilities as it affects trade in West Africa is