Commerce

Land as a factor of production comprises?

A. all resources provided by nature B. the earth surface only C. land surface and vegetation D. efforts to exploit…

6 years ago

All activities involved in the distribution and exchange of goods and services are referred to as?

A. Trade B. Market survey C. Advertising D. Commerce E. Sales promotion Correct Answer: Option D - Commerce

6 years ago

The total indebtedness of a business is the same as its?

A. liabilities B. liquid capital C. solvency D. capital employed E. working capital Correct Answer: Option A - liabilities

6 years ago

A public limited company has the rights and duties of an individual because it?

A. has a board of directors B. has a trading certificate C. has corporate status D. has a memorandum of…

6 years ago

Which of the following are functions of marketing?

A. Buying, financing, selling and transporting B. Sorting, grading, managing and storage C. Risk-bearing, storage, production and promotion D. Organizing,…

6 years ago

Dumping means selling goods abroad?

A. at a lower price than in the home market B. at a higher price than in the home market…

6 years ago

An agent who guarantees payments for goods sold is?

A. a factor B. a del credere agent C. a broker D. a partner E. an auctioneer Correct Answer: Option…

6 years ago

The shares of XYZ Plc are quoted at the stock exchange by a jobber at 85k for k share. How much will Alabi, an investor who buys 500 shares pay?

A. #675.00 B. #425.00 C. #250.00 D. #175.00 E. #75.00 Correct Answer: Option B -  #425.00

6 years ago

A foreign order which instructs an agent to buy certain goods at a particular place called?

A. letter of credit B. letter of attorney C. open indent D. closed indent E. bill of laden Correct Answer:…

6 years ago

A group of people in the same line of business who come together for the interest of its members is called?

A. Chamber of Commerce B. trade association C. trade union D. consortium E. cartel Correct Answer: Option C - trade…

6 years ago