Commerce

The cost of advertising a product is ultimately borne by the?

A. manufacturer B. wholesaler C. agent D. consumer E. retailer Correct Answer: Option D - consumer

5 years ago

A service whereby NIPOST undertakes to collect money due to the sender of a parcel is called?

A. C.O.D B. C.W.O C. C.I.F D. F.O.B E. F.O.R Correct Answer: Option A - C.O.D

5 years ago

A post office service which provides an alternative to delivery of mails by a postman is the?

A. Post Office Box B. Postcode C. Business Reply Service D. Post Office guide E. Prepaid Post Correct Answer: Option…

5 years ago

The handling of telephone and telex services is done by?

A. NITEL B. NIPOST C. COURIER D. NEC E. NECA Correct Answer: Option A - NITEL

5 years ago

The process of selling government business to the public is known as?

A. naturalization B. nationalization C. privatization D. commercialization E. indigenization Correct Answer: Option C - privatization

5 years ago

One of the main problems of nationalization is that?

A. nationals, may not welcome the change of ownership B. foreigners are not able to control the economy C. repatriation…

5 years ago

Which of the following statements is not true in commerce?

A. Government does not nationalize businesses owned by its citizens B. Government nationalizes foreign business C. Government does not give…

5 years ago

The rights, responsibilities and liabilities of each partner are specified in the?

A. memorandum of association B. prospectus C. articles of association D. deed of partnership E. deed of conveyance Correct Answer:…

5 years ago

In a limited partnership, the liability of most of the partners is?

A. pegged B. unlimited C. limited D. unpredictable E. restricted Correct Answer: Option C - limited

5 years ago

Which of the following is not an important reason for government ownership of industries?

A. Provision of essential services B. Large capital requirements C. Avoiding duplication of services D. Preventing private monopoly E. Making…

5 years ago