cartel
syndicate
Chamber of Commerce
Nigeria Bar Association
Correct answer is C
A Chamber of Commerce (also referred to in some circles as a board of trade) is a form of business network, e.g., a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to advocate on behalf of the business community.
An ancillary to trade which promotes socio - cultural development all over the world is
transportation
communication
tourism
insurance
Correct answer is C
Tourism means people traveling for fun. It includes activities such as sightseeing and camping. People who travel for fun are called "tourists". Places where manytourists stay are called "resorts". Places that people go to for tourism are called tourist destinations. Tourism promotes socio-cultural development
One of the functions of the Nigerian Ports Authority is that it
gives preferential treatment to Nigerian investors
provides credit facilities to importers
encourages the growth of infant industries
provides warehosing facilities at the docks
Correct answer is D
providing and operating necessary facilities in ports and maintaining, improving and regulating the use of the ports
Which of the following is the best method for computing working capital
Total assets less current liabilities
Current liabilities less current assets
Fixed liabilities less current assets
Current assets less current liabilities
Correct answer is A
The net working capital formula is calculated by subtracting the current liabilities from the current assets.
The minimum lending rate of a bank is a component of its
current assets
debit balances
credit balance
fixed assets
Correct answer is A
the minimum lending rates of a bank depends on its current assets. Current assets here are balance sheet assets that can be converted to cash within one year or less. Accounts that are considered current assets include cash and cash equivalents, marketable securities, accounts receivable, inventory, prepaid expenses, and other liquid assets.