Commerce

The document issued to a lender under a company’s seal acknowledging a debt is called?

A. stock B. share C. dividend warrant D. debenture E. mortgage Correct Answer: Option D - debenture

5 years ago

Any paid form of non-presentation of goods services by an identified sponsor is known as?

A. merchandising B. advertising C. publicity D. public relations E. sales promotion Correct Answer: Option B - advertising

5 years ago

A sales agreement whereby the buyer takes possession but not title to goods is called?

A. mortgage B. auction sale C. deferred payment D. hire purchase E. warranty Correct Answer: Option D - hire purchase

5 years ago

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

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

5 years ago

The difference between cost and selling prices gives?

A. Trading account B. net profit/loss C. gross profit or loss D. appropriation ` E. balance sheet Correct Answer: Option…

5 years ago

The abbreviation ECOWAS stands for?

A. Economic Community of West African States B. Economic Communion of West African States C. Economic Council Of West African…

5 years ago

Which of the following markets functions involves the actual movement of goods?

A. Exchange function B. Distribution function C. Facilitating function D. Marketing information function E. Stimulation function Correct Answer: Option B…

5 years ago

Which of the following products is likely to have a low rate of turnover?`

A. Foodstuff B. ball-pen C. Soap and Detergent D. Furniture E. Newspaper Correct Answer: Option D - Furniture

5 years ago

Which of the following functions is not performed by as small retailer?

A. Selling in units to consumers B. Financing producers C. Buying from wholesaler D. Selling goods on credits E. Stocking…

5 years ago

Manufacturing ends when goods?

A. are advertised to the customers B. and services are used by the producers C. are packed and labelled D.…

5 years ago