Commerce

Entrepot Trade refers to?

A. importing for domestic consumption B. importing for industrial use C. importing for government concerns D. exporting for factory use…

5 years ago

Charges paid by a for staying at at a port beyond agreed sailing time is called?

A. profit B. interest C. holding D. carriage cost E. demurrage Correct Answer: Option E - demurrage

5 years ago

One advantage of personal selling is?

A. low cost B. immediate feedback C. the appeal to many people at a time D. self-service E. speedy market…

5 years ago

Which of the following is not an essential of a contract?

A. Offer and acceptance B. Intention to create legal relations C. All contracts written out D. Legality of object E.…

5 years ago

One of the objectives of the indigenisation programme of the Federal Government of Nigeria is to?

A. encourage the use of local raw materials B. expel all foreigners from Nigeria C. make Nigeria businessmen very rich…

5 years ago

Which of the following is the quickest and accurate means of communication?

A. Telegram B. Express mail C. Courier services D. Telex E. Railex Correct Answer: Option D - Telex

5 years ago

Which of the following is the most suitable means of transporting bulky goods from Lagos to Kaduna? By

A. Train B. Airplane C. Ship D. Lorry E. Caravan Correct Answer: Option A - Train

5 years ago

The organizing efforts of consumers to protect themselves against the unfair practices of business is called?

A. strike B. consumerism C. amalgamation D. co-operation E. propaganda Correct Answer: Option B - consumerism

5 years ago

Auctions and Tenders become binding when they are?

A. accepted B. offered C. received D. advertised E. communicated Correct Answer: Option A - accepted

5 years ago

An agreement between two parties which will give rise to rights and obligation is known as?

A. a warrant B. a contract C. a consideration D. an offer E. an acceptance Correct Answer: Option B -…

5 years ago