Commerce Past Questions And Answers
2651
The conversion of raw materials into finished goods leads to the creation of?
- A. form utility
- B. product utility
- C. possession utility
- D. place utility
2652
The promotion of savings culture is a feature of a?
- A. trade association
- B. consumers' cooperative society
- C. thirft cooperative society
- D. business association
2653
The development of trade in West Africa was aided by the
- A. emergence of traditional rulers
- B. arrival of the Portuguese
- C. Introduction of tax payment
- D. introduction of money
2654
One of the major problems of a sole proprietor is sourcing for
- A. Funds
- B. Labour
- C. Raw materials
- D. Machineries
2655
The central focus of commercial activities is?
- A. pricing
- B. advertising
- C. trading
- D. marketing
2656
Commission on turnover is usually a benefit accruable to the
- A. drawer
- B. drawee
- C. payer
- D. payee
2657
The macro-environmental forces and trends which are a constraint on business operations are referred to as
- A. internal factors
- B. external factors
- C. economic factors
- D. technical factors
2658
The relationship between partners is stipulated in the
- A. Memorandum of Association
- B. Article of Association
- C. Partnership Deed
- D. Certificate of Incorporation
2659
A document which serves as an order with details of goods required by an intending purchaser is
- A. a freight note
- B. an indent
- C. a bill of landing
- D. a way bill
2660
Which of the following abbreviations permit the drawer of a document to correct any errors therein?
- A. V. A. T
- B. C. I. F
- C. E. O. E
- D. I. O. U