Commerce

Which of the following terms of price quotation includes cost of transportation to buyers premises?

A. FOB B. C & F C. FOR D. FAS E. Exship Correct Answer: Option B - C & F

5 years ago

Which of the following is the safest means of sending a postal order from Lagos to a friend in Jos?

A. Registered letter B. Recorded delivery C. Railex D. First-class mail E. Express mail Correct Answer: Option B - Recorded…

5 years ago

Which of the following protects consumers against poor quality goods?

A. Nigerian Chambers of Commerce B. Standards Organization of Nigeria C. Trade Association D. Manufacturers Association of Nigeria E. Nigerian…

5 years ago

The machine used in sending telex message is known as?

A. photocopier B. typewriter C. teleprinter D. punching machine E. dictaphone Correct Answer: Option C - teleprinter

5 years ago

Goods discharged from ship on which import duties have not been paid are kept in the?

A. ordinary warehouse B. private warehouse C. public warehouse D. wholesaler warehouse E. bonded warehouse Correct Answer: Option E -…

5 years ago

Which of the following is not a function of warehousing?

A. Provision of storage facilities B. Availability of goods where needed C. Availability of goods when needed D. Reduction of…

5 years ago

The telephone service through which one can dial any number, local, trunk or overseas is known as?

A. internal communication system B. standard dialling system C. subscriber's trunk dialling system D. international telecommunication E. coded dialling order…

5 years ago

Which of the following defines communication?

A. Movement of goods B. Transmission of information C. Movement of people D. Storing of information E. Distribution of newspapers…

5 years ago

The charge paid for failing to off-load a vehicle within a stipulated time is called?

A. freight B. demurrage C. fine D. fare E. floating charge Correct Answer: Option B - demurrage

5 years ago

Which of the following is not one of the 4m’s of business resources?

A. Method B. Men C. Money D. Material E. Machine Correct Answer: Option A - Method

5 years ago