Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.
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Question 11: The rewards of rents, wages, interests and profits accrue from?
Options:
A) capital, labour, land and enterpreneur respectively
B) land, enterpreneur,labour and capital respectively
C) land, lbour, capital and enterpreneur respectively
D) labour, enterpreneur, land and capital respectively
Show Answer
The correct answer is C .
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Question 12: Securities that entitle the investor to coupon rates are
Options:
A) bonds
B) equities
C) warrants
D) treasury bills
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The correct answer is B .
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Question 13: The members of ECOWAS include?
Options:
A) Nigeria, Chad, Gabon and Cape Verde
B) Burkina Faso, Nigeria and Ghana
C) Guinea, Mali, Cameroun and Nigeria
D) Togo, Niger, Nigeria and Ghana
Show Answer
The correct answer is D .
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Question 14:
Which of the following is not a right of a consumer?
Options:
A) Right to a fair hearing
B) Right to buy on credit
C) Right to obtain replacement
D) Right to safe product
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The correct answer is B .
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Question 15:
A distinctive advantage of GSM is its
Options:
A) cost
B) stability
C) coverage
D) mobility
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The correct answer is D .
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Question 16: When a buyer has been overcharged for goods supplied, the seller issues a _______?
Options:
A) debit note
B) proforma invoice
C) letter of credit
D) credit note
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The correct answer is D .
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Question 17: One of the reasons why wholesaling must continue is that?
Options:
A) the tax paid by wholesalers on their profit enhances national revenue
B) by creating artificial scarcity, the wholesaler is enhencing competition
C) the wholesaler provides technical advice to the retailer
D) the gap between manufacturers and retailers is reduce byn wholesalers
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The correct answer is D .
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Question 18: A major factor hindering effective communication process is?
Options:
A) climate condition
B) social unrest
C) distance
D) noise
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The correct answer is D .
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Question 19: The factor which critically determines the choice of occupation is?
Options:
A) training
B) skill
C) interest
D) apititude
Show Answer
The correct answer is C .
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Question 20: Which of the following is a form of social responsibility of a business?
Options:
A) Selling goods at cheaper prices
B) Using the best technology available
C) Maintaining tidy and safe environment
D) Meeting contractor's obligations
Show Answer
The correct answer is C .