Commerce

Which of the following is used as a pricing policy?

A. Packaging B. Market selection C. Labelling D. Market skimming Correct Answer: Option D - Market skimming Explanation Price Skimming.…

5 years ago

Management of a business involves the development of ideas for the?

A. distribution of goods and services that human wants B. transportation of goods and services that human wants C. transfer…

5 years ago

In a staff-authority relationship; the opinion of a specialist in one department to another is?

A. a directive B. an advice C. a command D. a delegation Correct Answer: Option B - an advice

5 years ago

The most suitable organizational structure for small or medium sized enterprises is?

A. line structure B. staff structure C. committee structure D. functional structure Correct Answer: Option D - functional structure Explanation…

5 years ago

The initial function of a manager is?

A. setting up an organization B. coordinating C. planning D. provision of welfare package Correct Answer: Option C - planning…

5 years ago

Gilt-edged securities are issued mainly by?

A. individuals B. non-governmental organizations C. Government D. multi-national companies Correct Answer: Option C - Government Explanation Gilt-edged securities refer…

5 years ago

Money can be simply be referred to as a?

A. measure of value B. standard of value C. means of settlement D. durable asset for doing business Correct Answer:…

5 years ago

Which of the following is a quality of money?

A. Availability B. Scarcity C. Indivisibility D. Convertibility Correct Answer: Option B - Scarcity Explanation The characteristics of money are…

5 years ago

Money is generally accepted for transactions due to?

A. the legal backing B. the rule of law C. its acceptability in the global market D. the Central Bank…

5 years ago

In the Nigerian GSM industry; a parliament is organized by the Nigerian Communications Commission in order to?

A. increase profit of service providers B. protect the interest of government C. encourage more people into the business D.…

5 years ago