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 21:
The Sole aim of government owned business is to
Options:
A) make profit
B) provide services to the public
C) spread environmental pollution
D) manage action
Show Answer
The correct answer is B .
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Question 22: The instrument establishing the Economic Community of West African State in 1975 is
Options:
A) a decree
B) an act
C) a treaty
D) constitution
Show Answer
The correct answer is C .
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Question 23: One of the facilities enjoyed by a current account holder is?
Options:
A) a dividend
B) a bonus
C) an overdraft
D) interest on deposits
Show Answer
The correct answer is C .
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Question 24: The coming together of a manufacturing business with a firm that markets its products is
Options:
A) backward integration
B) a consortium
C) forward integration
D) a syndicate
Show Answer
The correct answer is C .
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Question 25: The computer that functions by taking discrete numbers and performing mathematical calculations is called?
Options:
A) mainframe
B) digital
C) hybride
D) analogue
Show Answer
The correct answer is C .
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Question 26:
Advantages of pipeline transport include all except_______
Options:
A) Low maintenance cost
B) It is safe
C) Continuous Flow of goods
D) Prone to leakages
Show Answer
The correct answer is D .
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Question 27: The process of creating more for a product is called?
Options:
A) advertising
B) marketing
C) promotion
D) consumerism
Show Answer
The correct answer is C .
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Question 28: Nigerian Postal Services (NIPOST) facilitates commerce in all the following ways except through
Options:
A) cash on delivery service
B) recorded delivery service
C) express service
D) free on board service
Show Answer
The correct answer is D .
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Question 29: One of the inputs in production that can be motivated by remuneration is
Options:
A) capital
B) enterpreneur
C) labour
D) land
Show Answer
The correct answer is C .
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Question 30:
Use the information below to answer questions 13 and 14
| # |
Sales | 50,000.00 |
Debtors | 10,000.00 |
Cash in hand | 5,000.00 |
Opening stock | 30,000.00 |
Creditors | 8,000 |
Options:
A) #35,000.00
B) #20,000.00
C) #5,000.00
D) #14,000.00
Show Answer
The correct answer is C .