Commerce

Parties to bill of exchange that is endorsed to a third party are the?

A. drawer, payee, creditor B. drawer, drawee, debtor C. payee, drawee, debtor D. drawer, drawee, payee E. creditor, debtor, drawer…

5 years ago

Organization licensed and authorized to deliver fast malls, and parcels are engaged in?

A. courier services B. career services C. post-free services D. haulage services E. transport services Correct Answer: Option A -…

5 years ago

A bill of lading is best described as the?

A. document of title to, the goods on board a ship B. certificate of value for the goods on board…

5 years ago

In foreign trade, a country specializes in the production of a commodity in which it has?

A. high production potentials B. the greatest relative advantage C. a large market D. political influence E. the highest relative…

5 years ago

Commerce increases the utility of goods by making them available when they are wanted. This function is performed by the use of?

A. banks B. insurance C. transport D. advertising E. warehousing Correct Answer: Option E - warehousing

5 years ago

The difference between the value of imports of goods for a particular year is known as?

A. balance of payment B. balance sheet C. balance of trade D. terms of trade E. terms of payment Correct…

5 years ago

A charge is specified cross if?

A. it has two parallel lines across it B. the words & Co are written in between the lines? C.…

5 years ago

Which of the following is not a reason for dishonoring a cheque ______?

A. Irregular signature B. Signed alteration on the cheque C. Insufficient fund in drawer's account D. Drawers stopped payment on…

5 years ago

The abbreviation IDAPOLY on the letter – head papers of the federal polytechnic Idah is an example of a?

A. cablegram B. postmark C. post code D. telegraphic address E. multiple address telegram Correct Answer: Option D - telegraphic…

5 years ago

One means of making payment through NIPOST is the?

A. cheque B. money order C. standing order D. promissory order E. counterfoil Correct Answer: Option B - money order

5 years ago