Commerce

Which of the following is not true of franking machines?

A. Hired by companies and licensed by NIPOST B. Print postage impression on mails C. Can print company's logo on…

6 years ago

The value of a product expressed in monetary terms is known as?

A. utility B. price C. Premium D. commission E. interest Correct Answer: Option B - price

6 years ago

When goods are sent through an independent carrier, the document used by the sender is?

A. a delivery note B. an advice note C. an invoice D. a consignment note E. a receipt Correct Answer:…

6 years ago

Musa places the bicycle for sale at #800.00 and Dada had agreed to pay the amount. In this transaction, Musa is the?

A. offerer B. offeree C. buyer D. guarantor E. auctioner Correct Answer: Option A - offerer

6 years ago

A firm that accepts a portion of the risk involved in an insurance contract is?

A. a broker B. an actuary C. a speculator D. an underwriter E. an assessor Correct Answer: Option D -…

6 years ago

An association of employees in an organization is called a?

A. trade union B. trade association C. consumer association D. credit union E. co-operative society Correct Answer: Option A -…

6 years ago

A nation’s earnings from tourism are classified as?

A. visible exports B. invisible exports C. visible imports D. invisible imports E. entrepot trade items Correct Answer: Option B…

6 years ago

A retail co-operative society aims at?

A. encouraging members to save money B. buying seeds and fertilizers C. Manufacturing goods as cheaply D. lending money to…

6 years ago

Which of the following is not true of a private limited company?

A. The minimum number of shareholders is two B. its shares are freely transferable C. There is a limit to…

6 years ago

Which of the following is not a reason for dishonoring a cheque?

A. Insufficient funds B. Different amounts in words and figures C. Uninitiated alteration D. Wrong signature E. Special crossing Correct…

6 years ago