Commerce

Which of the following advertising medium appeals to only the literate in the society?

A. radio advertising B. print media advertising C. television advertising D. cinema advertising Correct Answer: Option B - print media…

5 years ago

A country’s terms of trade are said to improve when the ratio of her export?

A. decreases B. remains constant C. increases D. equals import Correct Answer: Option C - increases Explanation Terms of trade…

5 years ago

The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a?

A. consular invoice B. certificate of origin C. bill of lading D. close indent Correct Answer: Option B - certificate…

5 years ago

The document lodged with the customs authorities before a ship can leave the port is a?

  A. shipping note B. ship report C. ship manifest D. dock warrant Correct Answer: Option C Explanation A ship…

5 years ago

The role of customs and exercise authority includes the?

A. provision of a good transport system to facilitate imports and exports B. provision of security at the port C.…

5 years ago

Trading position of Nigeria is the same as her?

A. desire to trade with many countries B. willingness to grant credit to foreigners C. balance of trade D. terms…

5 years ago

A country is said to be experiencing an unfavourable balance of trade if her?

A. exports exceed imports B. visible exports exceed visible imports C. imports and exports are equal D. visible imports exceed…

5 years ago

The final link in the chain of distribution is?

A. middlemen B. whole saling C. consumer D. retailing Correct Answer: Option C - consumer Explanation The distribution system is…

5 years ago

The assembling of products into usable forms is known as?

A. creation B. manufacturing C. construction D. formation Correct Answer: Option B - manufacturing Explanation Manufacturing refers to a production…

5 years ago

The type of labour that makes use of physical effort in production processes is the?

A. unskilled labour B. skilled labour C. blue-collar job D. white-collar job Correct Answer: Option A - unskilled labour Explanation…

5 years ago