Commerce

A put option in the stock exchange is an option?

A. to sell B. not to sell C. to buy D. not to buy Correct Answer: Option A A. to …

6 years ago

Which of the following documents is used when goods are being sent by a common carrier?

A. delivery note B. consignment note C. advice note D. credit note Correct Answer: Option A A. delivery note Explanation…

6 years ago

The insurance policy is taken to cover the dishonesty of account personnel of an organization is?

A. employers liability B. fidelity guarantee C. life endowment D. marine insurance Correct Answer: Option B B. fidelity guarantee Explanation…

6 years ago

The reason for sending a proforma invoice to a potential customer is that it is?

A. an indication of the seller's willingness to grant credit B. a polite way of telling the customer to return…

6 years ago

Which of the following features is not associated with a chamber of commerce? it is

A. democratically administered B. an independent association C. open only to entrepreneurs D. a voluntary association Correct Answer: Option A…

6 years ago

Exchange of goods in the international market which does not involve the use of money is a?

A. barter trade B. entreport trade C. counter trade D. bilateral trade Correct Answer: Option D D. bilateral trade Explanation…

6 years ago

A business which requires a certificate of trading in order to commence operation is a?

A. co-operative society B. private company C. sole proprietorship D. public company Correct Answer: Option D D. public company Explanation…

6 years ago

If the opening stock of Ali ltd is N40,000, cost of goods sold is N48,000 and closing stock is N24,000, its rate of turn over will be?

A. 1.2 times B. 1.5 times C. 2.0 times D. 7.5 times Correct Answer: Option A A. 1.2 times Explanation…

6 years ago

The path through which a product moves from the manufacturer to the consumer is a?

A. channel of communication B. line of production C. means of transportation D. channel of distribution Correct Answer: Option D…

6 years ago

Which of the following statement is true of a debenture?

A. its holders receive interest B. it forms part of a company's authorized capital C. its owners are co-owners of…

6 years ago