Commerce Past Questions And Answers
2441
When does the buyer in a hire purchase becomes the owner of the goods?
- A. When all installments have been fully paid
- B. After payment of the first installment
- C. Before the payment of the first installment
- D. When half of the purchased price has been paid
2442
Entrepreneurship mainly involves?
- A. risk-taking
- B. initiating
- C. skilled manpower
- D. knowledge
2443
Which of the following gives businessmen the opportunity to buy shares of public limited companies?
- A. insurance companies
- B. commercial banks
- C. discount houses
- D. the stock exchange
2444
The provision of all kinds of services is related to?
- A. primary production
- B. secondary production
- C. territorial production
- D. tertiary production
2445
The final link in the chain of distribution is
- A. middlemen
- B. whole saling
- C. consumer
- D. retailing
2446
multilateral trade is carried out
- A. between two countries only
- B. within many countries
- C. among many countries
- D. between neighbouring countries only
2447
Most foreign trade transactions are paid through the use of
- A) Central Bank cheques
- B) Bank drafts drawn by commercial banks on their foreign branches
- C) Irrevocable and confirmed letters of credits
- D) Letters of credit authenticated by the embassies of the respective countries
2448
Trade as a division of commerce is usually classified into
- A. retail and whole sale
- B. import and export
- C. home and foreign
- D. visible and invisible
2449
A communication process providing information for decision-making in an organization is the?
- A. Management information System
- B. Transmission Control Protocol
- C. Information Retrieval System
- D. File Transfer Protocol
2450
Which of the following is not a function of the retailing?
- A. Buying in bulk and warehousing
- B. Buying and selling in bits to consumers
- C. Advising consumers on the right type of goods
- D. Granting credits to customers