Commerce Past Questions And Answers
961
Which of the following does not lead to the dissolution of a partnership?
- A. Absence of a deed of partnership
- B. Withdrawal of a partner
- C. Incapacity of any of the partners
- D. Completion of contractual term
962
The two main branches of trade are
- A. commerce and aids to trade
- B. home and foreign trade
- C. foreign and entreport trade
- D. whole sale and retail trade
963
Which of the following is one of the functions of commerce?
- A. Manufacturing
- B. Growing of tomatoes
- C. Storage of goods
- D. Construction of roads
964
An agreement that is enforceable in law is ________?
- A. a contract
- B. an offer
- C. an acceptance
- D. a consideration
965
The concept that consumers decided what goods and services shall be known as consumer?
- A. protection
- B. surplus
- C. sovernignty
- D. behaviour
966
Which of the following functions is not performed by warehousing?
- A. Stabilization of price
- B. production ahead of demand
- C. creating scarcity of goods
- D. storage of goods
967
All but one is not a demerit of advertising?
- A. It leads to monopoly
- B. Buyers can buy unnecessarily
- C. Increase in profit
- D. High cost
968
Which of the following is used to advertise of a company?
- A. Memorandum of association
- B. Articles of association
- C. Certificate of incorporation
- D. Prospectus
969
A document of title to goods written by the ship owner specifying that certain goods are being conveyed in the ship is the?
- A. bill of sale
- B. bill of sight
- C. bill of entry
- D. bill of lading
970
One important requirement for the membership of the ECOWAS is?
- A. intergrity
- B. independence
- C. landmass
- D. population