Commerce

A design which distinguishes the goods of one producer from those of others is called?

A. patent-right B. copyright C. trademark D. license E. franchise Correct Answer: Option C - trademark

6 years ago

The law stipulating that labels should contain full details about a product is known as the?

A. Hire-purchase Act B. Price Control Act C. Standards Organisation of Nigeria Act D. Trade description Act E. Sale of…

6 years ago

Which of the following is not considered when siting a retail shop?

A. Advertising B. Rent C. Accessibility D. Target population E. Proximity to source of supply Correct Answer: Option A -…

6 years ago

Which of the following is not covered by fire insurance policy?

A. Consequential loss B. Gas explosion C. Domestic boilers D. Lightning E. Kerosene explosion Correct Answer: Option D - Lightning

6 years ago

The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called?

A. uberrimae fidei B. indemnity C. proximate cause D. insurable interest E. contribution Correct Answer: Option A - uberrimae fidei…

6 years ago

The Stock Exchange does not deal in?

A. shares B. treasury bills C. debentures D. stocks E. bonds Correct Answer: Option B - treasury bills

6 years ago

The compensation given to brokers who sell shares to jobbers is called?

A. premium B. commission C. salary D. interest E. dividend Correct Answer: Option B - commission

6 years ago

Which of the following is the basic principle of marketing concept?

A. Seller-oriented B. Producer-oriented C. Consumer-oriented D. Manufacturer-oriented E. Product-oriented Correct Answer: Option C - Consumer-oriented

6 years ago

Which of the following is not an acceptable collateral security for a bank loan?

A. Certificate of occupancy B. Life assurance policy C. Lien on deposit account D. Family building E. Warehouse warrant Correct…

6 years ago

Debenture is an example of?

A. fixed capital B. share capital C. loan capital D. working capital E. circulating capital Correct Answer: Option C -…

6 years ago