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.
The development of commercial activate in Nigeria was harnessed by
A good storage system
Availability of market
Increase in production
Activities
Correct answer is A
A good storage system makes it possible for goods produced ahead of time to be stored until they are needed.
In the permanent storage device, DASD means
Data Access Systems Device
Direct Access Systems Device
Data Access Storage Device
Direct Access Storage Device
Correct answer is D
DASD means direct-access storage device (DASD). It is another name for secondary storage devices that store data in discrete locations with a unique address, such as hard disk drives, optical drives, and most magnetic storage devices.
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.