Commerce

Who among the following is not engaged in a commercial occupation?

A. a stock broker B. an engineer C. a banker D. a common carrier E. an advertising agent Correct Answer:…

6 years ago

The two main branches of trade are?

A. commerce and aids to trade B. home and foreign trade C. foreign and entrepot trade D. wholesale and retail…

6 years ago

Commerce is concerned mainly with the?

A. production of goods and services B. distribution of goods and services C. consumption of goods and services D. storing…

6 years ago

A bill of exchange is retired when it is?

A. paid before maturity B. marked "accepted" C. discounted D. dishonoured Correct Answer: Option D - dishonoured

6 years ago

Mr Ajai did not disclose that he stores drums of petrol when he took a fire insurance policy. Under which of the following principles will the insurance company reject his claims

A. Subrogation B. Utmost good faith C. Insurable interest D. Proximate cost Correct Answer: Option B - Utmost good faith

6 years ago

A contract of sale of goods where ownership passes to the buyer on the payment of first installment is?

A. hire purchase B. cash with order C. deferred payment D. cash on delivery Correct Answer: Option C - deferred…

6 years ago

A picture which indicates that success in life can only be achieved through the use of the product is an example of?

A. market research B. persuasive advertising C. mass selling D. informative advertising Correct Answer: Option B - persuasive advertising

6 years ago

Which of the following have lien on goods in their possession until their commission is paid?

A. Brokers B. Factors C. Auctioneers D. Wholesale merchants Correct Answer: Option B - Factors

6 years ago

Which of the following serves as a receipt for goods kept in a bonded warehouse?

A. Dock Warrant B. Bill of Sight C. Foul bill D. Dock due Correct Answer: Option A - Dock Warrant

6 years ago

A hire purchase transaction becomes a sale when when the?

A. hirer accepts the hire purchase terms B. finance company agrees to pay C. hirer takes possession of goods D.…

6 years ago