Commerce

Which of the following is classified as an immaterial want?

A. Protection B. Raw materials C. Machines D. Goods and Services Correct Answer: Option A - Protection Explanation Protection is…

5 years ago

The development of commerce in west Africa was not hampered by?

A. Inadequate capital B. Inadequate means of transportation C. Insurance D. Low savings Correct Answer: Option B - Inadequate means…

5 years ago

A cheque drawn by a bank official on the bank’s deposit in another bank on a customer’s deposit in another bank?

A. Bank draft B. Bankers’ order C. Promissory note D. Traveler's cheque Correct Answer: Option B - Bankers’ order Explanation…

5 years ago

The world tourism organization has it headquarters in?

A. New York B. Madrid C. Paris D. London Correct Answer: Option B - Madrid Explanation The headquarters of the…

5 years ago

When an oil exploring and mining company builds a health centre in one community where at operates, such a company is?

A. Carrying favour from local people B. finding a way to spend excess profit C. Fulfilling part of its social…

5 years ago

The vessels that operate on specific route on high seas and oceans are?

A. Coastal Liners and Cargo Liners B. Cargo Liners and Tramp liners C. Passenger liners and Tramp liners D. Passenger…

5 years ago

What is the acid ratio?

# # Capital 8000 Plant and machinery 5000 Net profit 4000 Motor van 4500 Drawings 200 Stock 2000 Creditors 2000…

5 years ago

A Major function of commerce is to?

A. facilitate human satisfaction through exchange B. eliminate trade barriers C. provide raw materials for manufacturers D. influence government policies…

5 years ago

One of the major reasons for merger is to?

A. reduce the number of unskilled manpower B. increase the number of skilled manpower C. prevent liquidation D. liberalize the…

5 years ago

Petrol voucher is an example of a?

A. bank draft B. legal tender C. token money D. partial money Correct Answer: Option D - partial money Explanation…

5 years ago