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4116

The arrangement and interrelationship of the various components and positions of a business is referred to as

  • A. line structure
  • B. unity of direction
  • C. organisational structure
  • D. clarity of objective
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4117

Given:
                                                 ₦
Opening Stock                      1,800
Purchases                              2,800
Sales                                       8,000
Closing stock                            350
Carriage on sales                     500

Calculate the value of the unused stock.

  • A. ₦800
  • B. ₦500
  • C. ₦320
  • D. ₦350
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4118

Modern means of payment is greatly facilitated by

  • A. e-banking
  • B. paper money
  • C. credit transfer
  • D. e-commerce
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4119

A country is said to be experiencing an unfavourable balance of trade if her

  • A. exports exceed imports
  • B. visible imports exceeds Visible exports
  • C. visible exports exceed visible imports
  • D. imports and exports are equal
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4120

An undertaking given by a person to another assuring his integrity is

  • A. proximate cause
  • B. insurable interest
  • C. fidelity guarantee
  • D. subrogation
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