Commerce

What is the rate of turnover from the table?

# sales  15,000 opening stock 5,600 purchase  9,700 closing stock 4,400 gross profit  4,500 net profit  2,000   A. 3.50…

5 years ago

The progragramme that makes up the operating system in a computer system is called?

A. system software B. micro program C. syntax D. system flow-chart Correct Answer: Option A - system software Explanation System…

5 years ago

Communication process involves the transmission of a message over a selected channel to the?

A. encoder B. receiver C. audience D. sender Correct Answer: Option B - receiver Explanation The process of communication refers to the transmission…

5 years ago

A group of companies is a collection of?

A. subsidiaries and their holding company B. firms C. associates and their holding company D. industries Correct Answer: Option A - subsidiaries and…

5 years ago

The agency in Nigeria which ensures that products conform with government quality specifications is the?

A. standard organisation of Nigeria B. Nigeria consumer association C. manufacturers association of Nigeria D. Nigeria chambers of commerce Correct Answer: Option A…

5 years ago

One of the obstacles to achieving the objectives of ECOWAS is?

A. lack of a common currency B. colonial linkages C. sovereignty of state D. language difference Correct Answer: Option A -  lack of…

5 years ago

The temporary working area of the control processing unit is called the?

A. CD-ROM B. CD-RAM C. ROM D. RAM Correct Answer: Option D - RAM Explanation Random-access memory:is a form of…

5 years ago

Warehousing is a productive function because it increases the?

A. quantity of goods B. utility of goods C. quality of goods D. price of goods Correct Answer: Option B…

5 years ago

A pro forma invoice is sent to inform a buyer about the?

A. quantity of goods B. price of goods C. designation of goods D. quality of goods Correct Answer: Option B…

5 years ago

A merchant wholesaler is referred to as?

A. del-credere agent B. a broker C. rack jobber D. a factor Correct Answer: Option D - a factor Explanation…

5 years ago