Commerce Past Questions And Answers
Ships that sail across the ocean and operate on scheduled time tables are?
- A. ferries
- B. ocean liners
- C. tramp steamers
- D. coastal liners
Any activity aimed at creating more markets for a product is
- A. packaging
- B. branding
- C. promotion
- D. merchandising
Which of the following are features of a limited liability company?
i.Separate legal entity
ii. Right to sue but not be sued
iii. Has its own corporate name
iv. The liability of members is limited.
- A) i,ii and iii
- B) ii,iii and iv
- C) i,ii and jv
- D) i,iii and iv
An example of a service-rendering trade association is?
- A. Nigeria Bar Association
- B. Association of Nigeria Miners
- C. Cocoa Farmers' Association
- D. Manufacturers' Association of Nigeria
the marketing mix element which ensures that goods are available where and when needed is?
- A. place
- B. price
- C. product
- D. promotion
An important social reason for development tourism in Nigeria is the?
- A. promotion of culture interaction
- B. provision of job oppurtunities
- C. improvement of he balance of payments
- D. encouragement of international relations
Which of the following services is not offered to retailers by wholesalers?
- A. Keeping them informed of the demands of consumers
- B. Keeping them informed of new products
- C. Offering a wide range of products
- D. Granting credit
Non-insurable risk include?
- A. gambling
- B. damage to property
- C. death
- D. marine problems
Which of the following means of payment requires acceptance by the debtor to make it valuable?
- A. Bearer's cheque
- B. Bill of exchange
- C. Postal order
- D. Promissory note
Which of the following is not performed by the shipping and forwarding agents?
- A. Reservation ofshipping space
- B. Collection of payment from the importer
- C. Collection of goods from the factory
- D. Preparation of the bill of lading