Commerce

The function of commerce in relation to production is ______?

A. helping in the extraction of raw material from nature B. providing a link between the different stage of conversion…

5 years ago

A demerit of communication is that it ____?

A. makes payment for goods cumbersome B. increase the cost of goods in transit C. give room for distortion of…

5 years ago

What is the reward accruable to land?

A. Rent B. profits C. wages D. Interest Correct Answer: Option A - Rent Explanation Since land is a free…

5 years ago

Production ends when goods and services ______?

A. reach the final consumer B. are used for manufacturing C. are packaged and labelled D. are sold to the…

5 years ago

The concept that refers to the sale; transfer or exchange of goods and services is?

A. industry B. trade C. tariff D. marketing Correct Answer: Option B - trade Explanation This is the practice of…

5 years ago

Water corporation is an example of ______?

A. co-operative society B. public enterprise C. private enterprise D. limited company Correct Answer: Option B - public enterprise Explanation…

5 years ago

One disadvantages of advertising is that it?

A. could be misleading B. decreases sales C. reduces profit D. causes over stocking Correct Answer: Option A - could…

5 years ago

The quality of money that describe its uniformity is?

A. recognizability B. durability C. portability D. homogeneity Correct Answer: Option D - homogeneity Explanation This is the attribute of…

5 years ago

The government agency involved in issuing of export licenses is _______?

A. Nigeria Export Processing Zone B. Nigeria Export Promotion council C. Nigeria Port Authority D. Customs and Excise Authority Correct…

5 years ago

A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as ____?

A. nationalisation B. privatisation C. indigenisation D. commercialisation Correct Answer: Option C - indigenisation Explanation Is a process of transferring…

5 years ago