Commerce

A postal order, either crossed or open is only valid for a period of?

A. 12 months B. 10 months C. 8 months D. 6 months E. 5 months Correct Answer: Option D -…

5 years ago

30 Rate of turnover is the?

A. number of times opening stock is sold during a period B. rate paid by retailers for their stocks C.…

5 years ago

The storing of goods under proper conditions until they are required is a function of?

A. stock taking B. warehousing C. stock control D. merchandising E. blending Correct Answer: Option B - warehousing

5 years ago

Who among the following is not a commercial occupation?

A. A stoke broker B. An engineer C. A banker D. A common carrier E. An advertising agent Correct Answer:…

5 years ago

The coming together of firms at different stages of the production process is known as?

A. horizontal integration B. vertical integration C. consortium D. cartel E. holding company Correct Answer: Option B - vertical integration

5 years ago

In which of the following are the objectives of a company stated?

A. Annual Report B. Articles of Association C. Certificate of Incorporation D. Certificate of Trading E. Memorandum of Association Correct…

5 years ago

Which of the following is an objective of indigenisation? To

A. increase foreign participation in business B. attract foreign Capital C. help Nigerian entrepreneurs become monopolists D. help citizens participate…

5 years ago

Which of the following is not a feature of supermarkets?

A. Standard shop fronts B. Self-service C. Use of trolleys D. Small number of sales assistants E. Stocking mainly food…

5 years ago

Agents who link buyers with sellers receive?

A. factorage B. brokerage C. bonus D. interest E. premium Correct Answer: Option B - brokerage

5 years ago

Which of the following does not determine the form of a business unit?

A. Available capital B. Risk bearing C. Nearness to market D. Ownership E. Nature of business Correct Answer: Option C…

5 years ago