Commerce

Which of the following is not a problem of ECOWAS?

A. Different levels of economic development in member countries B. Transportation and communication links C. Different economic policies member countries…

6 years ago

Which of the following specializes in granting loans to distressed economies?

A. UNESCO B. ECA C. IMF D. IBRD E. UNDP Correct Answer: Option C - IMF

6 years ago

The major aim of indigenization is to?

A. standardize products B. accelerate participation of citizens in business C. promote international co-operation D. differentiate a country's product from…

6 years ago

When an industry formerly owned by individuals is taken over by the government, such an industry becomes?

A. privatized B. nationalized C. commercialized D. indigenized E. legalized Correct Answer: Option B - nationalized

6 years ago

When a company sells its shares to an issuing house which later sells to the public, it is called?

A. an offer for sale B. a rights issue C. a public issue D. an issue by prospectus E. a…

6 years ago

The setting of objectives and determination of the best way to achieve them are known as?

A. coordinating B. planning C. organizing D. motivating E. controlling Correct Answer: Option E - controlling

6 years ago

Measuring performance against the set objectives is a management function that relates to?

A. staffing B. planning C. organizing D. motivating E. controlling Correct Answer: Option E - controlling

6 years ago

The management of a company with a view to ending its operation is known as?

A. low gearing B. high gearing C. liquidation D. horizontal integration E. vertical integration Correct Answer: Option C - liquidation

6 years ago

Any action taken by a company outside its stated objectives is regarded as?

A. caveat emptor B. ultra vires C. uberrimae fidei D. exemption E. formality Correct Answer: Option B - ultra vires

6 years ago

The agency in Nigeria which ensures that products conform to government specifications and quality control is the?

A. Nigerian Labour Congress B. Manufacturers Association of Nigeria C. Nigerian Chamber of Commerce D. Standards Organization of Nigeria E.…

6 years ago