Commerce

Which of the following requires acceptance by the editor to make it valuable?

A. Postal order B. Cheque C. Promissory note D. Bill of exchange E. Bill of lading Correct Answer: Option D…

5 years ago

When an order cheque is endorsed it becomes?

A. a bearer cheque B. a certified cheque C. an open cheque D. a confirmed cheque E. a dishonoured cheque…

5 years ago

Which of the following is mostly used in Nigeria for setting business transactions?

A. Credit transfer B. Standing order C. Cheques D. Bank notes and coins E. Bank drafts Correct Answer: Option D…

5 years ago

Which of the following enjoins the buyers to examine goods thoroughly before Nigeria making a purchase?

A. uberrimae fidei B. Caveat subscriptor C. Consumer sovereignty D. Caveat venditor E. Standard for deferred payment Correct Answer: Option…

5 years ago

Which of the following ensures that manufactured goods conform to the required standard?

A. Nigerian Industrial Research Centre B. Standard Organization of Nigeria C. Consumer Consultative Committee D. Price Control Board E. Indigenization…

5 years ago

A facility used for impressing pre-paid postage rate on letters is called?

A. vending machine B. speed post C. recorded delivery services D. cash register E. franking machine Correct Answer: Option E…

5 years ago

A document certifying that goods have been entirely or largely manufactured in the country stated is called?

A. certificate of origin B. bill of lading C. letter of hypothecation D. consular invoice E. ships manifest Correct Answer:…

5 years ago

The nominal capital of a company is the same as?

A. authorized capital B. issued capital C. capital owned D. capital employed E. called-up capital Correct Answer: Option A -…

5 years ago

Buildings, machines and more vehicles used for purpose of production are examples of?

A. current assets B. current liabilities C. working capital D. fixed assets E. liquid assets Correct Answer: Option D -…

5 years ago

Which of the following policies could be taken for a guaranteed life income?

A. Endowment assurance B. Household policy C. Annuity D. personal accident insurance E. Consequential loss insurance Correct Answer: Option C…

5 years ago