Which of the middlemen in the channel of distribution has tittle to the goods he distributes?
A. The merchant wholesaler B. The agent C. The limited wholesaler D. The retailer Correct Answer: Option A – The merchant wholesaler
A major function of a chamber of commerce is?
A. increasing productivity B. promoting both home and foreign trade C. promoting trade in a particular line D. maximizing profit Correct Answer: Option B – promoting both home and foreign trade
A type of credit offered by both commercial and merchant banks in Nigeria is?
A. trade credit B. line of credit C. discounting facility D. overdraft Correct Answer: Option D – overdraft
A cheque drawn by a bank official on the bank’s deposits in another bank on a customer’s instruction is known as?
A. promissory note B. bankdraft C. banker’s order D. travellers’ cheque Correct Answer: Option C – banker’s order
An acquired firm in a merger will always receive a?
A. premium B. grant C. share D. discount Correct Answer: Option C – shareProducts
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