Commerce Past Questions And Answers
a machine supplied by a post office to an organisation to imprints stamps on their letters is?
- A. vending machine
- B. shredding machine
- C. automated teller machine
- D. franking machine
A proposed company may not be registered if?
- A. the name conficits with that of another
- B. it does not put 'limited' after its proposed name
- C. it has no paid-up capital
- D. it has no asset of its own
The three components of staffing are?
- A. recruitment, interview and appointment
- B. recruitment, test and placement
- C. recruitment, selection and appointment
- D. recruitment, selection and placement
If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?
- A. 23.3%
- B. 33.3%
- C. 50.0%
- D. 66.6%
A form of money with face value which is greater than the value of the metal content is
- A. legal tender
- B. bank notes
- C. token money
- D. commodity money
The act of a person employing another to enter into a contract on his behalf is known as?
- A. business
- B. sale of goods
- C. bilateral agreement
- D. agency
The rate at which one country's products are exchanged for the products of another is?
- A. balance of trade
- B. balance on current account
- C. terms of trade
- D. balance of payments
An example of a computer operating system is
- A. the page maker
- B. windows 2000
- C. Microsoft word 2000
- D. the word perfect
Which of the following is used to transmit typed messages over long distances?
- A. Dictaphone
- B. Teleprinter
- C. Computer
- D. Telephone
An organisation formed mainly by traders and manufacturers to cater for interest for interest of members is?
- A. trade union
- B. co-operative society
- C. trade association
- D. chamber of commerce

