Commerce Past Questions And Answers
971
The stock exchange is a market where
- A. short-term securities are sold
- B. medium term securities are sold
- C. all types of securities are sold
- D. long term securities are sold
972
The document which specifies the manufacturer from whom goods are to be imported is
- A. closed indent
- B. open indent
- C. export invoice
- D. consignment note
973
Which of the following is not a means of payment in foreign trade?
- A. Telegraphic transfer
- B. Cheque
- C. Letter of credit
- D. Bill of exchange
974
The document issued by the seller which gives detail of the goods he sells is known as?
- A. catalogue
- B. tender
- C. price list
- D. invoice
975
Which of the following does not determine the size of a business unit
- A. the quality of its products
- B. the nature of the business
- C. the size of the market
- D. the size of capital
976
Voyage policy insurance is associated with
- A. fire
- B. life
- C. marine
- D. burglary
977
Which of the statements below is true of Mr Abayomi?
- A. He can assign his shares to another without consent of other partners
- B. He cannot take part in the management of the business
- C. His actions as a limited partner can bind the firm
- D. His death will automatically dissolve partnership
978
An insurance broker is involved in?
- A. manufacturing occupation
- B. distributive occupation
- C. commercial occupation
- D. extractive occupation
979
The department that ensures that products are made available to consumers is
- A. purchases
- B. finance
- C. marketing
- D. production
980
The throwing of goods over board to prevent a ship from sinking is known as
- A. floatsam
- B. abandonement
- C. jettison
- D. particular average