Commerce

Which of the following may be used to restrict imports?

i. Bill of lading ii. Specific Licenses iii. Foreign exchange rationing iv. Letters of credit v. Customs duties and tariffs…

6 years ago

Which of the following may not be considered when choosing an appropriate channel of distribution for a new product?

A. Nature of the product B. Identification of potential customers C. Operating costs D. Existing local channel of distribution E.…

6 years ago

Contracts for the carriage of goods by sea are generally called?

A. charter by demise B. charter parties C. voyage charters D. time charter E. marine policy Correct Answer: Option D…

6 years ago

Another name for sea taxi is?

A. tramp B. liner C. special freighter D. voyage charter E. flying boat Correct Answer: Option A - tramp

6 years ago

Which of the following is primarily established to promote the growth of industry in Nigeria?

A. NITEL B. UBA C. NIPOST D. NIDB E. UAC Correct Answer: Option D - NIDB

6 years ago

The capital market is a market?

A. for long term loans B. for new shares of public companies C. where money is deposited D. where foreign…

6 years ago

Which of the following is not a barrier to the smooth functioning of ECOWAS?

A. Different currencies B. Different languages C. Adequate population D. Political crisis E. Fear of domination Correct Answer: Option C…

6 years ago

Which of the following is has a fixed rate of dividend?

A. Debenture B. Ordinary share C. Founder's share D. Preference share E. Equity Correct Answer: Option D - Preference share

6 years ago

The primary aim of commerce is to?

A. produce goods and services B. warehouse goods C. advertise goods and services D. finance goods and services E. exchange…

6 years ago

When the government decides to run a statutory corporation as a profit-oriented enterprise, this is known as?

A. nationalization B. commercialization C. take-over bid D. privatization E. indigenization Correct Answer: Option B - commercialization

6 years ago