Commerce

An association that mobilizes the savings of members and channels them to needy members is known as?

A. Consumer Co-operative B. Producer Co-operative C. Thrift and Credit Co-operative D. Multi-purpose Co-operative E. Trade Union Correct Answer: Option…

6 years ago

If Ade issues a Union Bank cheque to Chukwu, the Union Bank is the?

A. drawee B. payee C. drawer D. acceptor E. creditor Correct Answer: Option A - drawee

6 years ago

The fastest means of sending a printed message from Lagos to London is through?

A. airplane B. telephone C. cablegram D. telex E. courier Correct Answer: Option D - telex

6 years ago

Extractive occupation is an example of?

A. construction industry B. manufacturing industry C. tertiary industry D. primary industry E. secondary industry Correct Answer: Option D -…

6 years ago

Which of the following is not true of air transport?

A. it is used to transport goods of high value B. has high operating costs C. it is good for…

6 years ago

A symbol that is used to distinguish a company’s product from others is a?

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

6 years ago

Penalty imposed by a ship owner for exceeding the period charter is?

A. lump sum B. dock dues C. tariff D. demurrage E. dead frieght Correct Answer: Option D - demurrage

6 years ago

Which of the following is not a business resource?

A. Market B. Man C. Money D. Machine E. Materials Correct Answer: Option A - Man

6 years ago

One advantage of direct selling is?

A. low cost B. immediate feedback C. mass appeal D. self-service E. speedy market coverage Correct Answer: Option B -…

6 years ago

Which of the following guarantees payment on presentation?

A. Certified cheque B. Crossed cheque C. Order cheque D. Bearer cheque E. Open cheque Correct Answer: Option D -…

6 years ago