Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
Government policies relating to the establishment and operation of business are targeted at
Aincreasing the profit of business owners
Bthe general improvement of the economy
Ceven spread of facilities and employment
Ddiversification and expansion of business
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Question 1582
jamb2000
The measure of independence available to the individual business unit that come together is the main different between
Averitcal and horizontal integration
Bmergers and acquisition
Cconsortium and almalgamation
Dtrust and cartel
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Question 1583
jamb2000
Which of these is both merit and demerit in partnership?
AThe number of partners
BIt unlimited nature
CThe bearing of risk
DThe withdrawal of a major partner
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Question 1584
jamb2000
The term Plc implies that the are available
Ato the public at the company
Bprivately on the stock exchange
Cpublicly on the stock exchange
Dpublicly in commericial banks
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Question 1585
jamb2000
The application of division of labour should generally bring about
Aincrease in the quantity of goods and service
Bincrease in the variety of goods and services
Ccheapness of goods and services
Dcost efficiency in the production of goods and services
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Question 1586
jamb2000
Product involves
Amaking goods avaiable where and when needed
Bchanging the form of goods, moving and making them avaiable as needed
Cthe manufacturing of goods and provision of services
Dthe assembling of all necessary parts to produce a finished product
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Question 1587
jamb2000
The major factors that facilitate merchandising are
Acommuincation , advertising and banking
Btrading, warehousing and production
Cmanagement, insurance, and advertising
Dbanking, insurance and transportation
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Question 1588
waec1999
A bill of exchange is retired when it is
Apaid before maturity
Bmarked "accepted"
Cdiscounted
Ddishonoured
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Question 1589
waec1999
Mr Ajai did not disclose that he stores drums of petrol when he took a fire insurance policy. Under which of the following principles will the insurance company reject his claims
ASubrogation
BUtmost good faith
CInsurable interest
DProximate cost
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Question 1590
waec1999
A contract of sale of goods where ownership passes to the buyer on the payment of first installment is
Ahire purchase
Bcash with order
Cdeferred payment
Dcash on delivery
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Question 1591
waec1999
A picture which indicates that success in life can only be achieved through the use of the product is an example of
Amarket research
Bpersuasive advertising
Cmass selling
Dinformative advertising
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Question 1592
waec1999
Which of the following have lien on goods in their possession until their commission is paid?
ABrokers
BFactors
CAuctioneers
DWholesale merchants
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Question 1593
waec1999
Which of the following serves as a receipt for goods kept in a bonded warehouse?
ADock Warrant
BBill of Sight
CFoul bill
DDock due
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Question 1594
waec1999
A hire purchase transaction becomes a sale when when the
Ahirer accepts the hire purchase terms
Bfinance company agrees to pay
Chirer takes possession of goods
Dhirer pays full cost of the goods
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Question 1595
waec1999
Bonded warehouses are controlled by
AExport Promotion Council
BPorts Authority
CCustoms and Excise Authority
DClearing and Forwarding agents
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Question 1596
waec1999
Which of the following implies that the price quoted includes the cost of insurance and carriage?
AF.O.B
BF.A.S
CC.O.D
DC.I.F
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Question 1597
waec1999
Which of the following is the most suitable channel of distribution for technical goods?
Amanufacturer-retailer-consumer
Bmanufacturer-wholesaler-retailer-consumer
Cmanufacturer-wholesaler-consumer
Dmanufacturer-consumer
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Question 1598
waec1999
Which of the following can be sold through a vending machine?
Acigarettes
Bshirts
Chandbags
Dshoes
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Question 1599
waec1999
Business losses in nationalized industries are borne by the
AShareholders
BDebenture holders
CBoard of directors
DPublic
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Question 1600
waec1999
Which of the following is not an economic grouping?
