Commerce Past Questions And Answers
1331
When a seller decides to sell his goods at a specific price for a specific period, he is making?
- A. a sales promotion
- B. a bid
- C. an auction sale
- D. a firm offer
1332
One of the products of the construction industry is a
- A. piece of cloth
- B. bag of cement
- C. television
- D. chair
1333
The three main division of production include industrial?
- A. commercial banking services
- B. commercial and services
- C. transportation and services
- D. manufacturing and services
1334
The main purpose of sending delivery notes along with goods is to
- A. enable the goods to be checked on arrival
- B. enable the buyer to pay the correct delivery charges
- C. ensure the safe delivery of the goods
- D. prevent the goods from being stolen in transit
1335
The main function of thrift, credit and loans co-operative societies is to
- A) educate their members
- B) collect money from their members
- C) disburse money to their members
- D) raise investment finance among their members
1336
Mr. Ya'aqub A.S insured his warehouse against burglary but it was later gutted by fire. this implies that?
- A. the loss should be borne by the insurer
- B. Mr. Ya'aqub is liable only for half of the estimated loss
- C. the insurer should make a consolation payment for the loss
- D. the loss should be borne by Mr. Ya'aqub
1337
The best mode of ensuring that items posted get to the named addresses is through
- A. recorded delivery
- B. certificate of posting
- C. registered mail
- D. express mail
1338
One of the duties of the employer to his employee is to
- A. delegate his duties to others staff
- B. charge the employee on the use of equipment
- C. serve faithfully and honestly
- D. provide job security
1339
Which of the following statements is TRUE about sea transport?
- A. all ships have specific routes to ply
- B. all ships must be insured at every journey
- C. all ships are insured separately from the crew
- D. all ships normally arrive at their destination with goods
1340
The fees charged on postal order by the post office is _____?
- A. interest
- B. brokerage
- C. poundage
- D. premium