Commerce

A shop which consist of many stores trading under a single roof and which stocks varieties of goods with each unit having its own head is a?

A. multiple shop B. supermarket C. superstore D. departmental store Correct Answer: Option D - departmental store

4 years ago

The Customs and Excise Department is responsible for the the collection of?

A. royalties B. tariffs C. taxes D. charges Correct Answer: Option B - tariffs

4 years ago

The major types of warehouse are?

A. manufacturer, bonded, departmental and private B. bonded, public, cold room and private C. manufacturer, bonded, public and departmental D.…

4 years ago

Consumerism aims at protecting the consumer from?

A. harmful products B. drug addiction C. smoking cigarettes D. alcohol consumption Correct Answer: Option A - harmful products

4 years ago

Hire purchase is beneficial to the seller because?

A. it enhances his living standard B. it increases his turnover C. people pay at installment D. of the patronage…

4 years ago

A trade association consists of members engaged in the same trade while a chamber of commerce is?

A. highly regulated by a government agency B. not restricted on a particular industry C. made up of members that…

4 years ago

The members of ECOWAS include?

A. Nigeria, Chad, Gabon and Cape Verde B. Burkina Faso, Nigeria and Ghana, Algeria C. Guinea, Mali, Cameroun and Nigeria…

4 years ago

The most important advantage of privatization is the enhancement of?

A. liquidity B. accountability C. profitability D. efficiency Correct Answer: Option D - efficiency

4 years ago

When one person approves an act previously done by another in the former’s name without authority; this is known as?

A. ratification B. estoppel C. illegality D. misrepresentation Correct Answer: Option B - estoppel

4 years ago

Safeguarding the health of the nation’ is the slogan used by?

A. NDLEA B. NHIS C. NAFDAC D. EPL Correct Answer: Option C - NAFDAC

4 years ago