Commerce

A type of credit offered by both commercial and merchant banks in Nigeria is?

A. trade credit B. line of credit C. discounting facility D. overdraft Correct Answer: Option D - overdraft

4 years ago

A cheque drawn by a bank official on the bank’s deposits in another bank on a customer’s instruction is known as?

A. promissory note B. bankdraft C. banker's order D. travellers' cheque Correct Answer: Option C - banker's order

4 years ago

An acquired firm in a merger will always receive a?

A. premium B. grant C. share D. discount Correct Answer: Option C - share

4 years ago

The most important concept on production is?

A. utility B. wealth creation C. transformation D. distribution Correct Answer: Option A - utility

4 years ago

One of the disadvantages of a sole proprietorship is?

A. secrecy of annual reports B. pride of ownership C. limited liability D. unlimited liability Correct Answer: Option D -…

4 years ago

A partnership is dissolved when?

A. the business suffers a loss B. there is bankruptcy C. there is consistent theft D. there is misunderstanding between…

4 years ago

In CIF contracts; risk passes at the time of shipment but the property does not pass until?

A. there is physical transfer of goods B. the shipping manifest are signed C. the shipping documents are transferred D.…

4 years ago

The necessary documents used in foreign trade are?

A. bill of lading, invoice and letter of inquiry B. indent, bill of exchange, bill of lading and voice C.…

4 years ago

The availability of goods and services is brought to the notice of customers through?

A. personal selling B. public relations C. the telephone D. advertising Correct Answer: Option D - advertising

4 years ago

An engineer in government employ is to be rendering?

A. primary service B. tertiary service C. indirect service D. direct service Correct Answer: Option C - indirect service

4 years ago