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.
One disadvantages of advertising is that it —
could be misleading
decreases sales
reduces profit
causes over stocking
Correct answer is A
Sometimes the manufacturer can give false information regarding a product to the public.
The quality of money that describe its uniformity is
recognizability
durability
portability
homogeneity
Correct answer is D
This is the attribute of money having same composition throughout the country.
The government agency involved in issuing of export licences is _______?
Nigeria Export Processing Zone
Nigeria Export Promotion council
Nigeria Port Authority
Customs and Excise Authority
Correct answer is B
Export licence is the control document issued by a government agency to monitor the export of sensitive products, prohibited materials (drugs, genetically modified plants) or goods in short supply in the home market.
Is the body responsible for issuing export licences for agricultural and manufactured goods.
nationalisation
privatisation
indigenisation
commercialisation
Correct answer is C
Is a process of transferring ownership of foreign owned business to the indigenes of the country to encourage full participation of economic activities in the country.
The fees charged on postal order by the post office is _____?
interest
brokerage
poundage
premium
Correct answer is C
This is a small fee charged by the post office for sending money through mail. The poundage is paid by the purchaser.