Commerce

Someone traveling abroad for at least “twenty – four hours” and a maximum stay of six months is known as?

A. Transportation B. Tourism C. International trade D. Domestic tourism Correct Answer: Option B B. Tourism Explanation Tourism is the…

6 years ago

Which function of money is described in the following statement? It serves as a medium through which business transactions are carried out.

A. Standard for deferred payments s B. Medium of exchange C. Store of value D. Unit of account Correct Answer:…

6 years ago

The Sole aim of government-owned business is to?

A. make profit B. provide services to the public C. spread environmental pollution D. manage action Correct Answer: Option B…

6 years ago

One of these is not part of small-scale retailers?

A. Urban stores B. Roadside traders C. Supermarkets D. Itinerant traders Correct Answer: Option C C. Supermarkets Explanation Supermarkets is…

6 years ago

All harbours, docks and waterways of Nigeria are looked after by a public corporation called the?

A. Nigerian Police Authority B. Nigerian Ports Authority C. National Ports Authority D. National Police Authority Correct Answer: Option B…

6 years ago

Booklets containing a range of products, their uses and prices are called?

A. Posters B. Handbill C. Catalogues D. Price Journal Correct Answer: Option C C. Catalogues Explanation Catalogue is a type…

6 years ago

Commerce brings about all except one

A. International co-operation B. Improvement in the standard of living C. Monotony of work D. Infrastructural development Correct Answer: Option…

6 years ago

An abridged message sent at express speed to reach its destination faster than the airmail letters is known as?

A. Telephone B. Telegram C. Telex D. NITEL Correct Answer: Option B B. Telegram Explanation Telegram can be sent and…

6 years ago

First Bank of Nigeria is an example of?

A. Commercial bank B. Central bank B. Development bank D. Merchant bank Correct Answer: Option A A. Commercial bank Explanation…

6 years ago

A bear market is said to be in existence in a period of?

A. Boom B. Stump C. Bullish D. Stagflation Correct Answer: Option B B. Stump Explanation Slump is associated with the…

6 years ago