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.
An unconditional order by a creditor to a debtor requiring payment on a specified date is called
Apromissory note
Bletter of credit
Cmoney order
Dbill of exchange
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Question 882
neco2009
The luxurious boats used for passengers from one town to another are
Asteamers
Blaunches
Ctramp liners
Dcoastal liners
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Question 883
neco2009
Failure to pay an employees wage is a breach of
Aright
Bwarranty
Cagreement
Dtrust
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Question 884
neco2009
A management function which reflects effective identification and grouping of work is
Aplanning
Borganizing
Ccoordinating
Dstaffing
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Question 885
neco2009
The transfer of risks from an insurer to another insurer for premium is referred to as
Aassurance
Binsurance
Csubrogation
Dreinsurance
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Question 886
neco2009
The benefits that students derive from tourism are
Aeducation and revenue
Brecreation and education
Cpurchase of artifacts and sightseeing
Dsale of artefacts and relaxation
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Question 887
neco2009
The type of advertising that influences consumer's choice of products is
Acompetitive
Bpersuasive
Cspecific
Dinformative
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Question 888
neco2009
One of the functions of the stock exchange is to
Aassist individuals in their policies
Bprovide collateral for investors
Cprovide insurance cover against risk
Ddisseminate information to investors
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Question 889
neco2009
Kola who had an accident was taken to hospital by Kemi. Kola promised to give Kemi N 500 when discharged. Kola failed to fulfil his promise. Which of the following is legally correct?
AKemi cannot sue Kola
BKemi can sue Kola
CKola can deny the promise
DKola can offer something else
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Question 890
neco2009
A document issued by financial organizations to enable holders to buy goods on credit is called
AATM card
Bcoupon
Cluncheon voucher
Dcredit card
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Question 891
neco2009
A legal document representing a promise by a company to pay back a loan over a period of time is referred to as a
Awarrant
Bbond
Cshare certificate
Dtitle deed
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Question 892
neco2009
Which of the following is the best form of sales promotion?
ABill board
BBell ringing
CPublicity
DDemonstration
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Question 893
neco2009
A factor that hinders the achievement of ECOWAS objectives is
Athe absence of a common market
Black of a common language
Cthe difference in political ideology
Dlack of a common territory
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Question 894
neco2009
A country’s balance of payments is divided into
Acurrent and capital accounts
Bcurrent and foreign accounts
Ccreditor`s and debtor’s accounts
Dexport and import accounts
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Question 895
neco2009
Foreign trade transactions are carrried out through the use of
Acommercial papers
Bbank drafts drawn by commercial banks on their foreign braches
Cirrevocably confirmed letters of credit
Dletters of credit authenticated by embassies
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Question 896
neco2009
information and communication technology is advantageous to the banking industry because
Aoverhead cost is reduced
Bthe number of customers increases
Cservice delivery is fast
Dinterest rates are raised
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Question 897
neco2009
The individuals who conceive the idea of a company and undertake to fulfill the legal requirements for the venture are the
Ashareholders
Bpromoters
Cdirectors
Dentrepreneur
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Question 898
neco2009
The profit received by a member of a cooperative society is
Aa rebate
Ban allowance
Ca dividend
Da share
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Question 899
neco2009
Free editorial space or time not paid for by an organization is called
Asales promotion
Bpublicity
Cpublic relations
Dadvertisement
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Question 900
neco2009
The construction of dams, irrigation drains and navigation major responsibility of the
