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.
chinyere agree to make a dress for Halima with September 20, 1995 as the delivery date. If the dress was not ready on that date, Halima could
Asue Chinyere for damages
Bsue Chinyere for specific performance
Cseize another gown from Chinyere's shop
Dregard the contract between them as terminated
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Question 822
jamb1995
A disadvantage of personal selling is that it
Aincrease a company's operating cost
Bdecreases acompany's operating cost
Cincrease a company's number of customers
Dreduces a company's area of patronage
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Question 823
jamb1995
Which of the following are forms of sales promotion?
Aadvertising, personal selling and publicity
Badvertising, market skimming and publicity
Cpersonal selling, packaging and publicity
Dadvertising, packaging and publicity
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Question 824
jamb1995
A manufacturer can make his product distinguishable from those of other competitors by
Aproviding catalogues for his wholesalers
Baggressive sale ppromotion
Cbranding and packaging the product
Dselling the product at a much lower price
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Question 825
jamb1995
Taking a new product to a particular part of a country to test the reaction of consumers to the product referred to as
Asales promotion
Bsampling
Cmerchandizing
Dadvertising
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Question 826
jamb1995
The breaking down of a market into separate and identifiable elements each with its own special product requirement is known as market
Adifferentiation
Bsegmentation
Cpenetration
Didentification
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Question 827
jamb1995
The marketing approach by which a firm carries out detailed analysis of itself, the consumers and its competitors is known as?
Amarket analysis
Bmarketing mix analysis
Cmarketing opportunities analysis
Dmarket survey
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Question 828
jamb1995
Which of the following is NOT a function of the stock exchange market?
Aproviding long term loans to large scale enterprises
Bencouraging people to buy shares and thereby providing capital for investment
Cproviding means of assessing the value of a firm's assets
Denabling firms to wind-up quickly in times of difficulties
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Question 829
jamb1995
A bank statement is a document
Aordering a bank to pay on demand a stated sum of money
Bcontaining records of receipts, payments and balance on an account
Cused for paying into bank account
Dused for regular withdrawal of money from a savings account
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Question 830
jamb1995
A major liability of a commercial bank arises from
Acustomers' deposits
Bloans and advances
Coverdrafts
Dstaff allowance
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Question 831
jamb1995
which of the following sets of items was used for exchange in Nigeria before money was introduced?
Acowries, iron rods, brass rods and copper rods
Biron rods, copper rods, manilla and cowries
Ccowries, manilla, brass rod andcopper wires
Dcopper wires, brass wires, cowries and iron rod
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Question 832
jamb1995
Berne union is also known as
AInternational Credit Union
BInternational Documentry Credit
CInternational Union of Credit and Investment Insurers
Dexport Credit Guarantee Scheme
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Question 833
jamb1995
The insurance policy which provides full cover against all risks at sea is known as
APolicy with Particular Average
BPolicy Free of Particular Average
CMarine Freight Insurance
DMarine Voyage Policy Insurance
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Question 834
jamb1995
The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called
Asubrogation
Bcontribution
Cre-insurance
Dindemnity
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Question 835
jamb1995
The main advantage of road transport is that it is
Aconvenient and flexible
Bcheap and direct
Ccommon and fast
Dsafe and available
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Question 836
jamb1995
Spot market goods are those which are available for
Aimmidiate delivery
Bshort-term delivery
Clong-term delivery
Dend of the delivery
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Question 837
jamb1995
Freight note is a document
Aused by government to transport goods from one country to another
Bissued by a shipping company giving details of charges
Cused for payment for imported goods
Dgiven by an importer to pay for goods at a future period
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Question 838
jamb1995
What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking
AI and II only
BI andIII only
CII and III only
DIII and IV only
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Question 839
jamb1994
A company earned a total revenue of N108 million with a total cost of N91 million in 1991. If it paid 45% tax on its gross profit for that year, determine its net profit.
AN24.65 million
BN17.00million
CN9. 35 million
DN7.65million
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Question 840
jamb1994
What is the working capital as at December 31,1992?
