After registration; a certificate of trading is usually issued to a?
A. partnership B. public company C. private company D. sole proprietorship Correct Answer: Option B – public company
A bus driver operating between Lagos and Jos pledged the owner’s credit in Benin in order to have the engine repaired and the bill sent to the owner. This is a case of?
A. del credere agency B. agency by necessity C. agency by ratification D. agency by estoppel Correct Answer: Option B – agency by necessity
The basic elements of a valid contract are?
A. offer, acceptance, consideration and witness B. offer, intention, acceptance and legality C. offer, acceptance, intention, capacity and legality D. offer, acceptance, capacity, legality and consideration Correct Answer: Option D – offer, acceptance, capacity,...
The composite functions of management are?
A. planning, supervising, communicating B. planning, controlling, organizing and directing C. coordinating, supervising, staffing and communicating D. directing, supervising, motivating, and controlling Correct Answer: Option B – planning, controlling,...
The primary objectives of a trade association is to?
A. undertake research work on behalf of members B. establish easy to link with government C. exchange information and negotiate as a pressure group D. operate as a group against other groups Correct Answer: Option C – exchange information and negotiate as a...Products
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