Question 1 of 20 72 total questions
Those involved in obtaining the gifts of nature from land and sea are engaged in?
A Extractive occupation
B Manufacturing occupation
C Constructive occupation
D Commercial occupation
E Direct services
Which of the following is not a negotiable instrument?
A Share cerficate
B Cheque
C Bill of Exchange
D Dividend warrant
E Debenture
Which of the following is not a branch of Commerce?
A insurance
B Warehousing
C Trade
D Transport
E Computerisation
Which of the following is not a branch of commerce?
A Trade
B Transport
C Warehousing
D Production
E Banking
Which of the following indicates the manufacturer from whom goods are to be bought?
A Open indent
B Closed indent
C Consignment note
D Export invoice
E Certificate of origin
Which of the following is responsible for carrying oiut the monetary policy of a country?
A The Ministry of Finance
B international Monetary Fund
C Internal Revenue Board
D The Central Bank
E The World Bank
Firms merge in order to?
A discourage the employment of specialists
B encourage competition
C discourage the use of each other’s bye-products
D create a monopoly
E decrease the size of the business
Firms merge in order to?
A discourage the employment of specialists
B encourage competition
C discourage the use of each other’s bye-products
D create a monopoly
E decrease the size of the business
Which ofthe following refers to the practice ofimporting forre-export?
A Counter trade
B Dumping
C Entrepot trade
D Forward trading
E Bilateral trade
Which of the following encourages free trade among member nations?
ECOWAS headquarters is located in?
A Ghana
B Nigeria
C Senegal
D Sierra Leone
E Togo
The art of achieving stated objectives of a business organisation in a most efficient way through the use of human and material resources is?
A planning
B co-ordinating
C management
D motivation
E control
Any paid form of non-personal presentation of ideas, goods or services by an identified sponsor is known as?
A market research
B market orientation
C open market operation
D advertising
E sales promotion
The retail of goods through currency operated machines is known as?
A mail order business
B automatic vending
C party selling
D impulse buying
E merchandising
An alternative term for ordinary shares is?
A unit trust
B gilt-edged securities
C equities
D bonus issues
E right issues
Commerce is not concerned with?
A changing the place ofa product
B changing the form ofa product
C changing ownership of a product
D distribution of a product
E warehousing of a product
The giving of clear instructions and information to all concerned in an organisation to ensure proper understanding of decisions and policies?
A organising
B planning
C communicating
D directing
E coordinating
Which of the following belongs to the capital market?
A Commercial bank
B Stock exchange
C Ministry of Finance
D Chamber of Commerce
E Discount House
Who among the following is not involved in foreign trade?
A Factor
B Dei Credere Agent
C Wholesale Merchant
D Jobber
E Forwarding Agent
The rebate given to the retailer by the wholesalerto enable him make profit is known as
A trade discount
B cash discount
C credit guarantee
D commission
E mark-up
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