Commerce

The form of credit sales common to low income groups is?

A. hire purchase B. club trading C. booking -me -down D. credit trading Correct Answer: Option A - hire purchase…

5 years ago

A group of computers that exchange data is referred to as?

A. an information bank B. a network C. a database D. an intranet site Correct Answer: Option B - a…

5 years ago

The placement of workers based on their qualifications can be categorized under?

A. public sector B. skilled labour C. private sector D. unskilled labour Correct Answer: Option B - skilled labour Explanation…

5 years ago

Quantity discount is offered mainly to persuade the buyer to?

A. defer payment B. make prompt purchases C. make advance payment D. purchase more Correct Answer: Option D - purchase…

5 years ago

Where a manufacturer does not collect money from wholesalers in exchange for goods produced is referred to as?

A. charge account B. trading checks C. trade credit D. I owe you Correct Answer: Option C - trade credit…

5 years ago

Complying with the rules relating to the conduct of business activities in a country is an aspect of?

A. cultural environment B. demographic environment C. legal environment D. political environment Correct Answer: Option C - legal environment Explanation…

5 years ago

Discharging certain duties by an organization to the public to gain high patronage is a concern of?

A. financial responsibility B. economic responsibility C. legal responsibility D. social responsibility Correct Answer: Option D - social responsibility Explanation…

5 years ago

An association that acts as a watchdog between enterpreneurs and government to protect trade from any unfavourable laws is said to be a?

A. cartel B. syndicate C. Chamber of Commerce D. Nigeria Bar Association Correct Answer: Option C - Chamber of Commerce…

5 years ago

An ancillary to trade which promotes socio-cultural development all over the world is?

A. transportation B. communication C. tourism D. insurance Correct Answer: Option C - tourism Explanation Tourism means people traveling for…

5 years ago

One of the functions of the Nigerian Ports Authority is that it?

A. gives preferential treatment to Nigerian investors B. provides credit facilities to importers C. encourages the growth of infant industries…

5 years ago