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.
vertical and horizontal integration
Mergers and Acquisition
Consortium and imagination
Trust and Cartel
Correct answer is B
In a merger, two or more business enterprises come together to form one big entity and may retain some level of independence, while an acquisition is a total take over of a firm usually by a bigger firm.
Resources commited into the production of relatively few commodities is known as
Production
Specialization
Creation manufacturing
Manufacturing
Correct answer is B
Specialization is a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency.
An agent who takes title to goods and has authority to buy and sell on behalf of another is
A jobber
A broker
A factor
An auctioneer
Correct answer is C
A factor is a type of trader who receives and sells goods on commission (called factorage). A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal.
A memorandum of association is applicable to a
partnership
sole trader
joint stock company
public corporation
Correct answer is C
it is joint stock Company that prepare memorandum of association during the course of registering the company it is also known as Limited Liability Company.
The body regulating the sale and purchase of shares in Nigeria is the
Corporate affair commission
Securities and exchange commission
Securities and exchange tribunal
Nigerian stock exchange
Correct answer is B
The securities and exchange commission is the regulatory apex organization of the Nigerian capital market.