Commerce

The business organization that can effectively combine management with control is?

A. private limited liability company B. sole proprietorship C. public limited liability company D. co-operation society Correct Answer: Option B…

4 years ago

One of the major disadvantages of pipeline transportation is its?

A. high cost of construction B. limitation in scope C. vulnerability to climate changes D. high maintenance cost Correct Answer:…

4 years ago

The agreement of insurers to spread risks among themselves is a major feature of?

A. reinsurance B. life insurance C. underwriter D. marine insurance Correct Answer: Option A - reinsurance Explanation Reinsurance is the…

4 years ago

Mr. Lawal insured his warehouse against burglary but it was later gutted by fire. This implies that?

A. The loss should be borne by the insurer B. Mr. Lawal is liable only for half of the estimated…

4 years ago

The major source of income to commercial banks is?

A. tourism B. banking C. communication D. transportation Correct Answer: Option B - banking Explanation Banking has to do with…

4 years ago

A cheque that has been drawn but not presented for payment can still be honoured?

A. within 6 months B. after 9 months C. within 9 months D. after 6 months Correct Answer: Option A…

4 years ago

The most effective nut limited medium of advertising in Nigeria is?

A. billboard B. television C. newspaper D. radio Correct Answer: Option A - billboard

4 years ago

The purchase of goods under the CWO system of payment implies that?

A. money must be enclosed when ordering B. payment must be made on delivery C. payment must be made within…

4 years ago

The price quoted which includes the cost of insurance; freight and all delivery charges to the importer’s warehouse is?

A. Free Alongside Ship B. Franco C. Free On Board D. Free On Rail Correct Answer: Option C - Free…

4 years ago

The document which can be exchange for a bill of lading is?

A. freight note B. mate receipt C. export invoice D. ship report Correct Answer: Option A - freight note Explanation…

4 years ago