Commerce Past Questions And Answers
991
Which of the following relies on the government for its initial capital?
- A. Co-operative Society
- B. Private Limited Company
- C. Public Corporation
- D. Public Limited Company
992
The transformation of cotton into clothings is an example of
- A. secondary production
- B. tertiary production
- C. primary production
- D. direct production
993
The location of a business is mostly influenced by?
- A. market outlet
- B. management decision
- C. capital
- D. environment
994
An example of extractive occupation is ______
- A. mining
- B. teaching
- C. banking
- D. driving
995
An individual that links the producer with the retailer is?
- A. an agent
- B. a wholesaler
- C. an entrepreneur
- D. a principal
996
Money is generally accepted for transactions due to
- A. the legal banking
- B. the rule of law
- C. its acceptability in the global market
- D. the Central Bank Governor's signature
997
Which of the following is not a function of the ports Authority?
- A. Ensuring safe movement of ships
- B. Collecting import and export duties
- C. Providing warehouse services
- D. Ensuring law and order in the harbours
998
The element of the marketing mix are
- A. product promotion, place and price
- B. personal selling, advertising and research
- C. promotion, production, place and price
- D. procurement, price, product and place
999
The major divisions of commerce are?
- A. import, export and banking
- B. home trade and foreign trade
- C. trade and aids to trade
- D. exchange, consumption and production
1000
When two or more companies agree to execute a project too large for one to handle, this is referred to as
- A. an amalgamation
- B. a cartel
- C. a consortium
- D. a merger