Commerce Past Questions And Answers
1181
In a primary market, new shares are issued through?
- A. personal selling, publicity and advertising
- B. a prospectus, an offer for sale and bill of exchange
- C. advertising a prospectus, and bill of exchange
- D. a prospectus, an offer for sale and placing
1182
The documents issued by the Registrar of companies which allows a public company to commence business is called
- A. trading certificate
- B. prospectus
- C. certificate of incorporation
- D. memorandum of association
1183
A consignment note is used when?
- A. goods are wrapped and labelled for easy identification
- B. goods are dispatched to agent through transporters
- C. damaged goods are being returned
- D. there is over-invoicing
1184
Which of the following is a reduction in the catalogue price?
- A. Rebate
- B. Cash discount
- C. Commission
- D. Trade discount
1185
One of the characteristics of a debenture is that
- A. it yields a fixed rate of dividends
- B. it has no redemption date
- C. it yields a fixed rate of interest
- D. its holder has a voting right
1186
The function of commerce in relation to production is
- A. helping in the extraction of raw materials from nature
- B. yielding result
- C. providing a link between the different stage of conversion of good
- D. satisfying
1187
A tariff refers to
- A. fees imposed on contraband goods
- B. fees paid on exports
- C. taxes imposed on imported goods
- D. taxes paid on home-made goods
1188
When an organization studies a market that is underserved by other and creates a product or services for the segment it is engaged in
- A) Market positioning
- B) Market integration
- C) Market orchestration
- D) Product differentiation
1189
The mode of transport that conveys goods at low cost per unit is
- A. road
- B. rail
- C. pipeline
- D. air
1190
Which of the following is a development bank in Nigeria?
- A. Union Bank Plc
- B. First Bank Plc
- C. First City Monument Bank
- D. Federal Mortgage Bank