Commerce

Which of the following is best organized as a partnership?

A. Drilling and marketing of crude oil B. Brewing and distribution of beer C. Designing and building of houses D.…

6 years ago

Where a limited partner exists in a partnership?

A. no active partner is needed B. other partners must be nominal C. at least one ordinary partner must be…

6 years ago

The rate at which the country’s import exchanges for its export is known as?

A. Terms of trade B. Balance of trade C. Rate of exchange D. Terms of exchange Correct Answer: Option A…

6 years ago

The staff responsible for the calculations of probability of losses in insurance is the?

A. Actuary B. Underwriter C. Broker D. Solicitor Correct Answer: Option A A. Actuary

6 years ago

Which of the following is not required in the mail order business?

A. Warehouse B. Catalogue C. Display room D. Post office Correct Answer: Option C C. Display room

6 years ago

A partnership cannot raise its capital by?

A. selling shares to the public B. personal contribution of partners C. admission of new partners D. undistributed profits Correct…

6 years ago

Who among the following does not render direct service ________?

A. Teachers B. Musicians C. Doctors D. Retailers Correct Answer: Option D D. Retailers

6 years ago

Which of the following is classified as an extractive industry?

A. Digging for minerals B. Digging for roads building C. Canning of Tomato puree D. Assembling of cars Correct Answer:…

6 years ago

The ancillary to trade which ensures that people gain access to facts pertaining to goods is?

A. insurance B. advertising C. warehousing D. banking Correct Answer: Option B B. advertising

6 years ago

Which of the following was not used as a medium of exchange by the early Europeans that came to West Africa?

A. Pounds and shillings B. Copper manillas C. Iron bars D. Cowries Correct Answer: Option C C. Iron bars

6 years ago