All practice questions

In the long run, the presence of supernormal (economic) profits in a perfectly competitive industry attracts new firms to enter the market, which increases total market supply and depresses the market price until all firms earn only normal profits.

Which category of occupation is directly involved in transforming raw materials obtained from nature into finished or semi-finished goods?

A convex spherical mirror always forms a virtual, erect, and diminished image of a real object, regardless of the object's distance from the mirror.

A textile manufacturer in Kano dispatches 200 rolls of fabric to a merchant in Lagos via an independent haulage company. While the delivery truck is en route, the manufacturer receives official notice that the merchant has declared bankruptcy and is insolvent. The manufacturer immediately orders the haulage company to halt transit and return the consignment to Kano. Which remedy under the Sale of Goods Act has the seller exercised, and what legal condition validates this action?

A radioactive parent nucleus $^{A}_{Z}\text{X}$ emits one $\alpha$-particle and two $\beta^-$-particles during a natural radioactive decay process to form a daughter nucleus $\text{Y}$. Which of the following correctly describes the relationship between the daughter nucleus $\text{Y}$ and the parent nucleus $\text{X}$?

A commercial bank sponsors an environmental sustainability campaign and publishes advertisements highlighting its community development initiatives in national newspapers, without promoting any of its specific deposit or loan accounts. Which type of advertising is the bank using?

Read the unseen poem extract below carefully:

"The musician tuned his lute with trembling hands,
Beneath the shadowed arches of the court;
He glanced toward the throne where silence fell,
And tucked a folded parchment in his sleeve.
No hymn of flattery would cross his lips tonight,
Though golden coins lay stacked beside his seat."

Based on the extract above, what can be inferred about the musician's intentions?

Complete the statement below by filling in the missing term regarding character motivation in Mary Shelley's prescribed Non-African novel, *Frankenstein*.

A nationwide logistics company in Nigeria intends to conduct interactive executive meetings involving branch managers in Lagos, Abuja, and Port Harcourt simultaneously, allowing participants to see, hear, and present documents to one another in real time without traveling. Which telecommunication technology is most appropriate for this purpose?

In George Bernard Shaw's prescribed Non-African drama, *Arms and the Man*, what is the primary dramatic function of Captain Bluntschli carrying chocolates instead of ammunition in his cartridge belt?

A commercial enterprise is establishing an automated electronic data processing system for its business records. In what sequence should the following stages of the computerized data processing and business records management cycle be executed from initial transaction entry to final record safeguarding?

A chemical firm produces fertilizers in large bulk quantities intended for thousands of smallholder farmers dispersed across rural communities. Which of the following best explains why introducing wholesalers into the distribution channel is advantageous to the manufacturer?

A retail buyer returns a batch of damaged goods to a wholesaler shortly after delivery. Which commercial document will the wholesaler send to inform the buyer that their account debt has been reduced?

Arrange the following stages of computerized data processing in a business firm in their correct logical sequence from start to finish.

Match each category or operational structure of a cooperative society listed on the left with its primary economic mechanism and operational rationale on the right.

A trade association representing indigenous cassava processors launches a nationwide media campaign urging consumers to buy cassava flour to support domestic agriculture, without referencing any specific manufacturer. Simultaneously, a leading processor within the association launches a campaign highlighting that its specific brand of cassava flour uses an exclusive refining technique superior to rival brands. Which combination of advertising types correctly identifies the trade association's campaign and the leading processor's campaign, respectively?

Match each commercial communication service listed on the left with its corresponding operational feature or commercial purpose on the right.

A statutory public corporation established to manage state electricity services experiences frequent operational inefficiencies. The supervising minister attempts to directly take over routine staff recruitment and manage day-to-day administrative affairs. Which of the following statements explains why this direct intervention violates the governance principles of a public corporation?

Match each category of occupation on the left with its corresponding economic activity on the right.

During a national supply strain, a major distributor of building materials deliberately withholds large stocks of cement in a private warehouse to trigger artificial market scarcity and inflated prices, while continuing to display lower regulated price tags on empty retail shelves. When frustrated buyers demand to purchase the stock at the displayed price, the distributor turns them away. Which form of market exploitation is primarily demonstrated in this scenario, and what statutory redress mechanism is available to affected consumers under Nigerian commercial regulations?