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 reorganization of public enterprises to operate as profit-making ventures is known as
privatization
nationalization
indeginization
commercialization
harmonization
Correct answer is D
No explanation has been provided for this answer.
Food and Drugs Act, Weights and Measure Act, Standards Organization of Nigeria, etc are aimed at
raising revenue for government
regulating balance for trade
checking exports
controlling dumping
protecting consumers
Correct answer is E
No explanation has been provided for this answer.
Which of the following is a characteristic of a private company?
There is no limit to the number of members
Shares and debentures are freely offered to the public
Shares are not dealt in on the stock exchange
It cannot commence trading on receipt of certificate of incorporation
there is no statutory general meeting
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a means by which banks facilitate foreign trade?
Currency exchange
Letter of credit
Open market operations
Discounting Bills of exchange
Trade reference
Correct answer is C
No explanation has been provided for this answer.
A credit note for #3,300.00
A debit note for #3000.00
A credit note for #2,700.00
An invoice for #300.00
A debit note for #2,700.00
Correct answer is E
No explanation has been provided for this answer.