Question 1 of 20 4,313 total questions
Which of the following statements is not true?
A Commercial services are the life's blood of a country's economic system
B There cannot occur commercial services unitl goods have been produced
C Without commercial services must goods and services will not produced
D There is no stage of production that does not employ commercial services
E Commercial services add to the value of a product
The major divisions of Commerce are?
A import, export and transport
B trade, communication and warehousing
C trade and auxiliaries to trade
D exchange, consumption and production
E import, trade and production
Paper money originated in form of receipt given by?
A money lenders
B goldsmiths
C bankers
D traders
E thrift societies
One of the main aims of the ECOWAS is to?
A foster interchange of goods and services among its members
B provide a reliable market for stock and shares
C have common political system
D have common language
E have one currency
The treaty establishing ECOWAS on May 28, 1975 was signed by?
A 15 Heads of State
B 14 Heads of State
C 13 Heads of State
D 15 Foreign Ministers
E 12 Heads of State
Which of the following is an insurance cover undertaken by the Government for its employees?
A Endowment
B Marine insurance
C Fidelity guarantee insurance
D Pensions scheme
E Fire insurance
Which of the following is an insurance principle?
A Endowment
B Premium
C Proximate cause
D Fidelity guarantee
E surrender value
All advertising campaigns foe consumer goods must pay attention to?
A cinema advertising
B radio advertising
C point of sale
D door to door sale
E neon signs
The management function of anticipating the future determining the best course action to achieve company objective is?
A directing
B organizing
C controlling
D planning
E consulting
The last link in the chain of distribution is the?
A wholesaler
B retailer
C consumer
D factor
E advertiser
Which of the following shows the financial position of a business on a given date?
A Bank statement
B Balance sheet
C journal
D Cash book
E Trial Balance
Which of the following is not a problem of distribution, sales and merchandizing?
A Transporting goods
B Trade malpractices
C Pressure of sales
D Sales force complacency
E Easy payment for purchases
Which of the following is not one of the functions of warehousing?
A Goods are avaiable where the are required
B Goods are stored until the are required
C Production takes place ahead of demand
D changes are avoided in prices which may result from shortage and gults
E Goods are available when required
For continuous existence, a service oriented concern depends on?
A liquid assets
B middlemen
C patronage of consumers
D legislation of the ruling political party
E staff strength of the concern
The essence of marketing is?
A exchange
B sales
C trade
D research
E profit
Which of the following documents contains the complete information on goods available in the wholesaler's warehouse? the
A catalogue
B order
C consignment note
D invoice
E delivery note
Which mode of transport would you suggest as the most suitable for natural gas?
A Air
B Sea
C Pipeline
D Road
A shipping company's document detailing the charges for carrying a particular cargo for a specified journey is known as?
A dock warrant
B freight note
C carriage forward
D weight note
E credit note
Exchange in the international market which does not involve the use of money as a medium is known as?
A foreign aid
B counter trade
C monetization
D foreign trade
E enterpot trade
With regard to payment, the amount payable when no deductions are made is called?
A net price
B spot cash
C not profit
D prompt cash
E draft
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