Commerce Past Questions And Answers
461
Which of the following is not a form of sales promotion?
- A. Cash on delivery
- B. Cash on delivery
- C. Free samples
- D. Buy one get one free
462
The excess value of total assets over total liabilites is
- A. capital owned
- B. borrowed capital
- C. paid-up capital
- D. paid-up capital
463
When an oil exploring and mining company builds a health centre in one community where at operates, such a company is
- A. Carrying favour from local people
- B. finding a way to spend excess profit
- C. Fulfilling part of its social responsibility
- D. Investing its idle fund
464
Containers are suitable for transporting goods by
- A. sea only
- B. road only
- C. sea and rail only
- D. road, sea and rail
465
Which of the following means of payment makes the bank both the drawer and drawee
- A. standing order
- B. bill of exchange
- C. bank draft
- D. open cheque
466
The safety and quality of products are the social responsibility of?
- A. the Standards Organization of Nigeria
- B. the Manufacturers' Association of Nigeria
- C. the Corporate Affairs Commission
- D. business organizations
467
When a bill is paid before its date at a lesser value, it is?
- A. accepted
- B. discounted
- C. dishonoured
- D. retired
468
one of the aims of a trade association is to
- A. liaise with other trade associations in other countries
- B. organize trade fairs and exhibitions
- C. provide quality goods and services
- D. promote commercial activities in their business
469
Which of the following regulates and controls the activities in the Nigerian Stock Exchange?
- A. CBN
- B. BPE
- C. SEC
- D. NDIC
470
The fastest means of sending a printed message from Lagos to London is through
- A. aeroplane
- B. telephone
- C. cablegram
- D. telex