Commerce

A document that indicates obligation that is transferable by delivery and endorsement is a?

A. bill of lading B. bill of exchange C. documentary evidence D. negotiable instrument Correct Answer: Option A - bill…

4 years ago

The three components of a country’s balance of payments are?

A. current account, capital account and monetary movement account B. capital account, trade account and business record C. sales account,…

4 years ago

Balance of payment problems arise if a country’s?

A. exports is more than imports B. imports is more than exports C. currency devaluation D. invisible exports is more…

4 years ago

The main frame of selling directly to the consumers by manufacturers is to?

A. reduce transportation cost B. make contact with individual consumers C. discourage the activities of middlemen D. maximize profit margin…

4 years ago

One of the functions of a retailer is the?

A. financing of production activities B. provision of credit facilities to relations C. provision of jobs for customers D. breaking…

4 years ago

An individual that links the producer with the retailer is?

A. an agent B. a wholesaler C. an entrepreneur D. a principal Correct Answer: Option B - a wholesaler Explanation…

4 years ago

Which of the following is a limitation of division of labour?

A. Decline in craftmanship B. Monotony of work C. Reduction in output D. Reduction in labour force Correct Answer: Option…

4 years ago

Resources obtained from the extractive sector that are transformed into finished products are examples of?

A. primary production B. tertiary production C. direct production D. secondary production Correct Answer: A - primary production Explanation primary…

4 years ago

The creation of goods and services to satisfy human wants is referred to as?

A. manufacturing B. commercialization C. production D. entrepreneurship Correct Answer: Option C - production Explanation Production is the organized activity…

4 years ago

Service rendered to the public is provided by?

A. government B. civil servants C. professionals D. domestic servants Correct Answer: Option B - civil servants Explanation civil servants…

4 years ago