Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
All the following are principles of insurance EXCEPT
indemnity
insurable interest
particular average
subrogation
utmost good faith
Correct answer is C
7 Principles of Insurance
The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of
an actual total loss
a constructive total loss
a general average loss,
a partial loss
a total loss
Correct answer is B
No explanation has been provided for this answer.
Obi received a cheque for N1000 from Mr. Ade and this cheque was stolen. He must
inform his bank to stop payment
inform Mr. Ade to tell his bank to stop payment
simply ask Mr. Ade for another cheque
tell his bank to add the amount to his bank balance
wait until the cheque is found
Correct answer is B
No explanation has been provided for this answer.
construction industry
direct services
extractive industry
manufacturing industry
tertiary industry
Correct answer is C
Extractive industries are businesses that take raw materials, including oil, coal, gold, iron, copper, and other minerals, from the earth. It includes mining, fishing, farming, dredging, and quarrying. This falls under the primary occupation
business reply service
cash on delivery service
express mail service
free post service
posted restate service
Correct answer is E
No explanation has been provided for this answer.