Tax pad on goods produced within a country
A physical restriction placed on quantity of goods that can be imported
Tax paid on goods produced outside a country
Ban on all imported goods
Correct answer is B
An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.
Quota, in international trade, government-imposed limit on the quantity, or in exceptional cases the value, of the goods or services that may be exported or imported over a specified period of time
In the law of contact, a counter offer operates as
A contact
an acceptance
a rejection
a rejection
Correct answer is D
A counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract. Consensus ad idem in contract law means there has been a meeting of the minds of all parties involved and everyone involved has accepted the offered contractual obligations of each party.
Consensus ad idem in contract law means there has been a meeting of the minds of all parties involved and everyone involved has accepted the offered contractual obligations of each party
Transfer of ownership from individual to government
Transfer of ownership from government to stakeholders
Transfer of ownership from government to individuals
Government taking charge of all businesses
Correct answer is C
Privatization is the process of transferring an enterprise or industry from the public sector to the private sector. The public sector is the part of the economic system that is run by government agencies
The transfer of ownership, property or business from the government to the private sector is termed privatization
Trade fairs in Nigeria are organized by
Ministry of commerce and industry
Chambers of commerce
The federal Government
Manufacturer’s Association of Nigeria
Correct answer is B
A chamber of commerce (or board of trade) is a form of business network, for example, a local organization of businesses whose goal is to further the interests of the community
A chamber of commerce is an association or network of business people designed to promote and protect the interests of its members.
Which of the following is a verbal means of communication
Telephone
Express mail
Business reply services
telex
Correct answer is A
The Verbal Communication is a type of oral communication wherein the message is transmitted through the spoken words.
telephone is a verbal means of communication