Commerce

The oldest and commonest form of business in Nigeria is?

A. partnership B. the co-operative society C. sole proprietorship D. joint stock venture E. public corporation Correct Answer: Option C…

5 years ago

Which of the following is one of the functions of commerce?

A. Manufacturing B. Growing of tomatoes C. Storage of goods D. Construction of roads E. Car assembling Correct Answer: Option…

5 years ago

Which of the following does not belong to the industry?

A. Farming B. Insuring C. Mining D. Drilling E. Fishing Correct Answer: Option B - Insuring

5 years ago

The three main division of production include industrial?

A. commercial banking services B. commercial and services C. transportation and services D. manufacturing and services E. banking and services…

5 years ago

Which of the following statements is not true about commercial service?

A. Commercial services are the life's blood of a country's economic system B. There cannot occur commercial services until goods…

5 years ago

Paper money originated in form of receipt given by?

A. money lenders B. goldsmiths C. bankers D. traders E. thrift societies Correct Answer: Option B - goldsmiths

5 years ago

The relationship between a country’s total receipts and payments in international trade in a given year is called?

A. balance of trade B. balance of payments C. terms of trade D. balance of current account E. balance on…

5 years ago

The marketing concept which begins and ends satisfying the needs and wants of the consumer is called?

A. caveat venditor B. consumer orientation C. consumer association D. consumer protection E. caveat emptor Correct Answer: Option B -…

5 years ago

The form of advertising which aims at wining the market for one particular brand is known as?

A. informative advertisement B. generic advertisement C. persuasive advertisement D. competitive advertisement E. direct advertisement Correct Answer: Option D -…

5 years ago

The outright purchase of one company by another is called?

A. absorption B. merger C. cartel D. acquisition E. privatization Correct Answer: Option D - acquisition

5 years ago