COMMERCE CBT

The production process that combines two or more raw materials into one end product is

•  A.

  conditioning

•  B.

  blending

•  C.

  merging

•  D.

  synthesis

Which of the following is a form of sales promotion

•  A.

  advertising on radio

•  B.

  offering free sample

•  C.

  distributing printed materials

•  D.

  advertising on television

What is the working capital as at December 31,1992?

•  A.

  N 65 250

•  B.

  N60 000

•  C.

  N 48 650

•  D.

  N 41 950

The development of commercial activities in Nigeria was facilitated largely by

•  A.

  a good transport system

•  B.

  the indigenization decree

•  C.

  a convenient medium of exchange

•  D.

  a high level of production

In the channel of distribution, which of the following sets is entirely made up of middlemen?

•  A.

  Wholesalers, retailers and agents

•  B.

  Manufacturers, consumers and retailers

•  C.

  Wholesalers, agents and consumers

•  D.

  Retailers, manufacturers and wholesalers

The process of creating more for a product is called?

•  A.

  advertising

•  B.

  marketing

•  C.

  promotion

•  D.

  consumerism

The form of capital which is easily transferred into the form desired is known as?

•  A.

  working capital

•  B.

  liquid capital

•  C.

  circulating capital

•  D.

  capital employed

(i) Companies must be registered as private limited liability companies. (ii)Companies must not have less than 100 shareholders (iii) No shareholder may have more than 75% of issued shared capital. What of the above are requirements for admission into the second-tier securities market?

•  A.

  i and ii only.

•  B.

  i and iii only

•  C.

  i, ii and iii only

•  D.

  ii and iii only.

Use this information to answer the question below.
Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.

Babalawee is ___________?

•  A.

  a claimant

•  B.

  a manager

•  C.

  an assessor

•  D.

  a reciever

Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of

•  A.

  vertical integration

•  B.

  horizontal integration

•  C.

  forward intergration

•  D.

  backward integration