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.
Any action taken by a company outside its stated objectives is regarded as
caveat emptor
ultra vires
uberrimae fidei
exemption
formality
Correct answer is B
No explanation has been provided for this answer.
The management of a company with a view to ending its operation is known as
low gearing
high gearing
liquidation
horizontal integration
vertical integration
Correct answer is C
No explanation has been provided for this answer.
Nigerian Labour Congress
Manufacturers Association of Nigeria
Nigerian Chamber of Commerce
Standards Organization of Nigeria
Ministry of Commerce and Industry
Correct answer is D
No explanation has been provided for this answer.
voluntary chain
producer co-operative society
multiple store
department store
hypermarket
Correct answer is B
No explanation has been provided for this answer.
The words "Account payee only" on a cheque means
it is transferable
pay only to the holders account
a special crossing
it is a banker's cheque
it is for endorsement
Correct answer is B
No explanation has been provided for this answer.