Commerce Past Questions And Answers
1141
Materials used for further production of goods and services are known as?
- A. export goods
- B. intermediate goods
- C. capital goods
- D. consumer goods
1142
Which of the following is responsible for the welfare of staff in an organisation?
- A. Accounts Department
- B. Accounts Department
- C. Personnel Department
- D. Sales Department
1143
Use the table below to determine the circulating capital.
- A. N250,000
- B. N245,000
- C. N235,000
- D. N225,000
1144
Enter pot trade is said to have taken place when goods are?
- A. held at the port payment of custom duty
- B. sold in the ship under special regulation
- C. imported and then re-export
- D. kept for further processing before sales
1145
Which of the following is an example of itinerant trading?
- A. Moblie shops
- B. Mail order Business
- C. Stall holding
- D. Selling from kiosk
1146
Examples of currents assets are?
- A. cash and trade debtors
- B. cash and trade creditors
- C. trade debtors, trade creditors and cash
- D. trade creditors and trade debtors
1147
Which of the following is not an advantage of partnership?
- A. Diversified managerial talents
- B. Greater financial resources
- C. Freedom to terminate business
- D. Account is not made public
1148
An agent who has to sell perishable goods without the prior authority of the owner becomes an agent by
- A. estoppel
- B. conduct
- C. necessity
- D. ratification
1149
When a share with a nominal value of N50 is quoted at N70, it is being sold
- A. cum div.
- B. ex-div.
- C. at a discount
- D. at a premium
1150
Which of the following is formed primarily to promote savings and loans among members?
- A. Consumers co-operative society
- B. producer co-operative society
- C. Co-operative wholesale soceity
- D. Co-operative thrift and credit society