Commerce Past Questions And Answers
2721
Which of the following abbreviations permits the seller to correct any error in an invoice?
- A. F.O.R
- B. C.I.F
- C. C.E % O.E
- D. I.O.U
2722
How much was the trade discount?
- A. N42.500
- B. N27,500
- C. N22,500
- D. 20,000
2723
Which of the following groups would advocate for the supply of constant electricity to households?
- A. consumers' association
- B. credit union
- C. Employers' association
- D. Labour union
2724
A major factor hindering effective communication process is?
- A. climate condition
- B. social unrest
- C. distance
- D. noise
2725
The sale of of foreign investment and gold reserves can be used to?
- A. correct adverse balance of trade
- B. increase invisible imports
- C. correct adverse balance of payment
- D. correct a budget deficit
2726
One of these is not part of small-scale retailers
- A. Urban stores
- B. Roadside traders
- C. Supermarkets
- D. Itinerant traders
2727
The mode of conveying liquids and gases through an underground channel is
- A. pipeline
- B. rail transport
- C. road transport
- D. sea transport
2728
Government financial grants is a source of capital to a
- A. partnership
- B. public limited company
- C. public corporation
- D. co-operative society
2729
Which of the following statements is not true?
- A. Commercial services are the life's blood of a country's economic system
- B. There cannot occur commercial services unitl goods have been produced
- C. Without commercial services must goods and services will not produced
- D. There is no stage of production that does not employ commercial services
2730
Which of the following can be sold through a vending machine?
- A. cigarettes
- B. shirts
- C. handbags
- D. shoes