Commerce Past Questions And Answers
which of the following documents is used when goods are being sent by a common carrier
- A. delivery note
- B. consignment note
- C. advice note
- D. credit note
The difference between a country`s imports and exports of goods in a particular year is?
- A. terms of trade
- B. terms of payment
- C. balance of payment
- D. balance of trade
Which of the following is sent by a supplier who does not want to sell on credit?
- A. Pro forma invoice
- B. Consular invoice
- C. Quotation
- D. Advice note
The different between an overdraft and loan is that an overdraft?
- A. does not yield interest
- B. is giving to savings account holders only
- C. yields interest on the customer before it is granted?
- D. yields interest only on the sum drawn
Which of the following can be defined as trade and aids to trade?
- A. Advertising
- B. Commerce
- C. Wholesaling
- D. Retailing
One advantage the co-operative society has over the company is that the
- A. the latter pays tax while the former does not
- B. former attract more capitals than the later
- C. members of the former is usually morethan the latter
- D. former, unlike the latter, has limited liabities
The shares of a company listed on the stock exchange for sale are referred to as?
- A. registered shares
- B. deferred shares
- C. issued shares
- D. quoted shares
Consumers could be encouraged to purchase a company's products through
- A. research
- B. planning
- C. distribution
- D. advertisement
In the event of the liquidation of a company, the first to be settled are?
- A. debenture holders
- B. members of the board
- C. preference shareholders
- D. ordinary shareholders
The input, output and central processing units are the basic components of a computer's?
- A. memory
- B. printer
- C. hardware
- D. software

