Commerce Past Questions And Answers
2511
In the case of a voluntary liquidation of a business, the receiver is appointed by the
- A) creditors
- B) debtors
- C) directors
- D) shareholders
2512
The rebate given to the retailer by the wholesaler to enable him make profit is known as
- A. commission
- B. mark-up
- C. trade discount
- D. cash discount
2513
A collective bundle of shares is called?
- A. debenture
- B. stock
- C. bond
- D. share
2514
The type of computer commonly found in office is?
- A. laptop
- B. desktop
- C. the hybrid computer
- D. the mainframe computer
2515
The tax paid on goods produced within a country is known as
- A. import duty
- B. excise duty
- C. ad valorem duty
- D. customs draw back
2516
Distribution of goods belongs to
- A. Construction industry
- B. extractive industry
- C. manufacturing industry
- D. commercial industry
2517
Which of the following goods has the lowest rate of turnover?
- A. Staple foods
- B. office stationery
- C. Refrigerator
- D. School exercise books
2518
The various rights attached to different classes of shares are stated in the
- A. articles of association
- B. memorandum of association
- C. balance sheet
- D. prospectus
2519
Ware house are located in Lagos because of?
- A. availability of wholesale
- B. even development
- C. nearness to sea and airports
- D. the need to check smuggling
2520
A seller attracts and retains patronage by?
- A. enhancing public relationship
- B. enhance sales promotion
- C. rendering pre-sales services
- D. rendering customer service