Commerce

To which of the following occupations does a broker belong?

A. Extractive B. Manufacturing C. Commercial D. Constructive E. Direct services Correct Answer: Option C - Commercial

6 years ago

Which of the following is used in home trade?

A. Bill of lading B. Bank draft C. Letter of credit D. Certificate of origin E. Documentary credit Correct Answer:…

6 years ago

One of the features of reinsurance is the?

A. total transfer of risk from one company to another B. protection of insurance company by the government C. protection…

6 years ago

Which of the following is not one of the aims of indigenization? To

A. reduce the remittance of profits aboard B. increase the control of the government over its economy C. expose the…

6 years ago

When a company raises additional capital by selling shares directly to the public through insurance companies or investment houses, this is known as?

A. rights issue B. bonus issue C. private placing D. debenture issue E. preference share issue Correct Answer: Option C…

6 years ago

If goods invoiced at #1,500 were sold to Etim at less 15% trade discount, he would pay?

A. #1,725.00 B. #1,425.00 C. #1,275.00 D. #1,225.00 E. #1,200.00 Correct Answer: Option C - #1,275.00

6 years ago

An agent who takes possession of goods and sells in his own name but does not guarantee payment is known as?

A. del credere-agent B. general agent C. broker D. factor E. special agent Correct Answer: Option D - factor

6 years ago

Who among the following has no right of ownership to a business organization?

A. Shareholder B. Entrepreneur C. Partner D. Debenture holder E. Sole-proprietor Correct Answer: Option D - Debenture holder

6 years ago

The imposition of high tariff on imported goods by the customs authority is to?

A. protect businessmen B. encourage imports C. encourage the consumption of foreign goods D. discourage exports E. protect infant industries…

6 years ago