Commerce Past Questions And Answers
The limit of functions, activities and personnel that a supervisor can effectively manage in a business organization is?
- A. span of control
- B. delegation of authority
- C. chain of command
- D. authority and rsesponsibility
When the public wants to buy more of a company's share than has been offered for sale, the share is said to be
- A. rights issue
- B. over subscribed
- C. qouted at a premium
- D. over-valued
Commerce is concerned mainly with the
- A. production of goods and services
- B. distribution of goods and services
- C. consumption of goods and services
- D. storing of goods
The form given by the Customs Authority to enable an importer examine goods before the arrival of the bill of lading is known as
- A. entry for warehousing
- B. certificate of origin
- C. bill of sight
- D. bill of exchange
commercial activities recieved a great boost in west A frica due to contact with?
- A. Asians
- B. Europeans
- C. Americans
- D. Africans
The major determinant of fire insurance premium is the?
- A. type and structure of the property to be insured
- B. usefulness of the property to the owner
- C. owner of the property to be insured
- D. extent of fire damage anticipated
A design which distinguishes the goods of one producer from those of others is called
- A. patent-right
- B. copyright
- C. trade mark
- D. licence
One roof containing a number of shops is a
- A. tied shop
- B. mail order firm
- C. department store
- D. chain store
Which of the following is the fastest means of sending a document from one place to another?
- A. Facsimile
- B. Courier service
- C. Express mail
- D. Registered mail
The marketing manager of a shoe factory was in a senior management meeting to convince the board to accept his proposal using television to advertise the company's products. (a) State four benefits the company would derive from using television to advertise its products. (b) List and explain four other promotional means the company could adopt.
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