Commerce Past Questions And Answers
An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is
- A. indemnity
- B. insurable interest
- C. proximate cause
- D. subrogation
An error on an invoice may be rectified by issuing
- A. an advice note
- B. a consignment note
- C. a credit note
- D. a delivery note
The agency that currently oversees the privatization and commercialization process in Nigeria is the?
- A. Securities and Exchange Commission
- B. Technical Committee on privatization and commercialization
- C. Nigeria Stock Exchange
- D. Bureau of Republic Enterprises
The abbreviation C and F indicate that the?
- A. production cost excludes the cost of carriage
- B. selling price includes the cost of carriage
- C. cost of production includes dilivery charges
- D. cost price includes the cost of carriage
The process of creating more for a product is called?
- A. advertising
- B. marketing
- C. promotion
- D. consumerism
Which of the following must be present in an agency by agreement?
- A. intentions
- B. will
- C. consent
- D. authority
Debentures differ from shares in that
- A. they are secured on the company's assets
- B. ownership is open to the public
- C. they form part of the capital of the business
- D. rewards are usually paid out of profits
Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cumulative. This means that Aliyu
- A. is entitled always to a cumulative dividends accruing from the shares
- B. is entitled to the next dividends due to the shares
- C. will not be entitled to the next dividends due to the shares
- D. still owes N3 on the shares which will be subtracted from the dividends
The best mode of ensuring that items posted got to the named address through?
- A. recorded delivery
- B. registered mail
- C. certificate of posting
- D. express mail
The satisfaction of customers in all business activities is emphasized by
- A. market research
- B. marketing concept
- C. marketing mix
- D. product differentiation