Commerce

The major disadvantage of pipeline transportation is that it?

A. does not involve too much labour B. reduces road congestion C. is fast D. is not easy to detect…

6 years ago

Which of the following covers damages to the body of a ship and its machinery?

A. Freight insurance B. Cargo insurance C. General average insurance D. Voyage policy E. Hull insurance Correct Answer: Option E…

6 years ago

Which of the following is true of a merger?

A. Original names of the companies are retained B. Expansion is restricted C. All debts are written off D. The…

6 years ago

A company which acquires more than 50% voting shares of another company is called?

A. a trust B. a cartel C. an amalgamation D. a consortium E. a holding company Correct Answer: Option E…

6 years ago

Which of the following is usually sent to prospective buyer when the seller expects payment of the goods dispatched?

A. Pro-forma invoice B. Advice note C. Consignment note D. Statement of account E. Delivery note Correct Answer: Option A…

6 years ago

Which of the following indicates special crossing on a check? Two parallel lines with?

A. "& Co" and "not negotiable" B. the abbreviation "& Co" only C. "account payee" only D. the name of…

6 years ago

Which of the following is not a function of the Nigerian Ports Authority?

A. Checking smuggling activities B. Handling of goods C. Collection of harbour dues D. Decongestion of ports E. Provision of…

6 years ago

Which of the following makes it possible for people to collect their letters at a convenient time?

A. Franking B. Record Delivery C. Post Office Box D. Business Reply Service E. Telex service Correct Answer: Option C…

6 years ago

The document stating the particular country from which goods are imported is called?

A. certificate of origin B. export invoice C. consular invoice D. export license E. letter of hypothecation Correct Answer: Option…

6 years ago

Which of the following is responsible for the maintenance of the quality of goods produced?

A. Customs and Exercise Department B. Sanitary Inspectors C. Standards Organization of Nigeria D. Federal Environmental Protection Agency E. Manufacturers…

6 years ago