by Sunday | Sep 27 | NABTEB QUESTIONS
The necessary features to be considered in choosing means of transport for a given commodity are:- i. Distance/location- the location where the goods are needed will help to determine the choice of transport. Where the place is far, air may be chosen. ii. Unit value...
by Sunday | Sep 27 | NABTEB QUESTIONS
ANSWERS: I. CENTRAL BANK – It is a bank that coordinates and controls the operations of the financial system of the country – There is only one central bank in each country – It acts as the government banker – The central bank is an apex bank...
by Sunday | Sep 26 | NABTEB QUESTIONS
The importance of advertising is:- i. Advertising makes the goods and services known to the public. ii. It creates demand (market) for the product or service iii. It informs and educates the public on how to make use of the product or service iv. It increases sales v....
by Sunday | Sep 26 | NABTEB QUESTIONS
The media of advertising are:- I. RADIO – It is a method of verbal advertising – It is carried in different languages – It has a wider coverage – It is flexible because it has the ability to change messages quickly. – Radio announcement...
by Sunday | Sep 26 | NABTEB QUESTIONS
THE BASIC INSURANCE PRINCIPLES ARE: 1. INSURABLE INTEREST. – A person can insure any property in which he will suffer a physical or financial loss if the event to be insured against occurs. – A person can only insure any property upon which such a person...
by Sunday | Sep 26 | NABTEB QUESTIONS
Insurance is a contract which one party undertakes to indemnify another against loss, damage or liability arising from an unknown or contingent event. OR Insurance is a provision made for the protection of persons or objects against risks. OR Insurance is a pool of...