Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

646.

In a typical manufacturing enterprises, the line function is performed by the

A.

Public relations department

B.

Marketing Department

C.

Estate or Properties Department

D.

legal Department.

Correct answer is B

The marketing department does public relations i.e the public relations department is part of the marketing department

647.

A machine which enables sales without the physical presence of sales attendant is a

A.

Telex Machine

B.

Fax Machine

C.

Vending Machine

D.

Computer machine

Correct answer is C

The vending machine is a retails machine that release the product to the tune of the amount of money slotted into the machine and the product indicated by the consumer.

648.

Inbound tourism occurs when

A.

non-resident s of a country travel within it.

B.

non- resident of a country travel to other countries

C.

resident of a country travel within it

D.

Residents of a country travel to other countries.

Correct answer is C

It involves the movement of tourist within their country of residence tourist resident in Nigeria for instance travelling within.

649.

Second-tier securities market differs from the first-tier securities market in that the former is

A.

highly restricted

B.

Regulated by SEC

C.

Regulated by NIPC

D.

less restricted.

Correct answer is A

The First Tier Securities Market provides a forum for buying and selling of shares of companies in the market. There are for well established large scale. companies. while the Second-Tier Securities Market (SSM) is a second market established by The Stock Exchange to list the securities of smaller companies which are unable to meet the requirements for listing on the more stringent segment (main market) of the Exchange. This means the first tier is more strict and restricted in their activities than the second-tier.

650.

The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a

A.

Partnership

B.

Company

C.

Joint venture

D.

Co-operative society

Correct answer is C

Option C is the correct because joint ventures are established in order to accomplishment a specific purpose. The ventures cease to operate once the purpose is accomplished.