Commerce

An association formed to protect the interests of buyers of various commodities is known as?

A. Chamber of commerce B. Employers association C. Consumers Association D. Manufacturers Association Correct Answer: Option C C. Consumers Association

6 years ago

Which of the following is not a duty of a credit union?

A. Helping members to save B. Granting loans C. Advising on the use of funds D. Confirming members' indebtedness Correct…

6 years ago

Which of the following goods has the lowest rate of turnover?

A. Staple foods B. office stationery C. Refrigerator D. School exercise books Correct Answer: Option A A. Staple foods

6 years ago

When the public wants to buy more of a company’s share than has been offered for sale, the share is said to be?

A. rights issue B. over-subscribed C. quoted at a premium D. over-valued Correct Answer: Option B B. over-subscribed

6 years ago

The average stock is?

The following information relates to Mallam Amidu Kachella for the year ended on 31/12/2005. Opening stock = #4,000 Purchases =…

6 years ago

Which of the following is used only in international trade?

A. Letter of inquiry B. Certificate of origin C. Pro-forma invoice D. Consignment note Correct Answer: Option A A. Letter…

6 years ago

The price quotation where the buyer uses his own means to collect goods from the producer’s warehouse is?

A. F.O.B B. ex-works C. F.A.S D. F.O.R Correct Answer: Option D D. F.O.R

6 years ago

Which of the following groups of activities are commercial services?

A. Manufacturing, weaving and storing B. Vending, purchasing and banking C. Advertising, farming and harvesting D. Fishing, constructing and transporting…

6 years ago

House builders belong to?

A. manufacturing industry B. constructive industry C. commercial occupation D. tertiary occupation Correct Answer: Option B B. constructive industry

6 years ago

Labour and entrepreneur are examples of?

A. factors of production B. division of labour C. direct services D. primary production Correct Answer: Option A A. factors…

6 years ago