Commerce

One disadvantage of advertising is that it?

A. could be misleading B. reduce sales C. reduce profit D. causes overstocking Correct Answer: Option A A. could be…

6 years ago

The worth of a life assurance policy before its maturity date is?

A. residual value B. surrender value C. accrued value D. assured value Correct Answer: Option A A. residual value Explanation…

6 years ago

Risk bearing in a business organization is a function of the?

A. employees B. entrepreneur C. customer D. manager Correct Answer: Option B B. entrepreneur Explanation Entrepreneur is a person who…

6 years ago

The process of buying, selling and distribution of goods and services is?

A. retail trade B. commerce C. marketing D. marketing concept Correct Answer: Option B B. commerce Explanation Commerce relates to…

6 years ago

When a cheque is paid on a bank on which it is drawn, the cheque is?

A. discounted B. debited C. credited D. cleared Correct Answer: Option D D. cleared Explanation A cleared cheque is the…

6 years ago

Fidelity guarantee insurance is a cover against loss arising from?

A. trade debt B. personal accident C. dishonest staff D. fire disaster Correct Answer: Option C C. dishonest staff Explanation…

6 years ago

When an importer has been overcharged for goods supplied, the exporter issues him with a?

A. debit note B. proforma invoice C. letter of credit D. credit note Correct Answer: Option D D. credit note…

6 years ago

A clean bill of lading is so-called because?

A. it shows record of damaged goods B. it is not a stained bill C. it is a document of…

6 years ago

Which of the following allows a drawer of a document to correct any error?

A. C.I.F B. I.O.U C. C.W.O D. E.O.E Correct Answer: Option D D. E.O.E Explanation E.O.E; is An abbreviation for…

6 years ago

Which of the following occupations are classified under the extractive industry?

(i) cattle rearing, lumbering, and farming (ii) mining, quarrying, and hunting (iii) shipbuilding, road construction, and iron bending (iv) singing,…

6 years ago