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.

2,206.

The main aim of the ECOWAS is the?

A.

elimination of aparthied

B.

formation of West African High Command

C.

formation of Government of West African States

D.

Promotion of economic and cultural interaction

E.

promotion of ethnic and rural integration among members states

Correct answer is D

No explanation has been provided for this answer.

2,207.

In nationalized industries, losses are borne by the?

A.

tax payers

B.

shareholders

C.

debenture holders

D.

Minister of industries

E.

Borad of Directors

Correct answer is A

No explanation has been provided for this answer.

2,208.

A cover note is a?

A.

Document of title to goods

B.

letter from the tax authority

C.

label attached to goods foe indentification

D.

temporary insurance certificate

E.

letter issued by banks to customers

Correct answer is D

No explanation has been provided for this answer.

2,209.

Which of the following accompanies goods supplied and forms a receipt when signed by the consignee?

A.

Invoice

B.

Order

C.

Delivery note

D.

Requisition note

E.

Advice note

Correct answer is A

No explanation has been provided for this answer.

2,210.

Details of a new share for which the public is being invited to subscribe are contained in the?

A.

Memorandum of Association

B.

Certificate of Trading

C.

Certificate of Incorporation

D.

Prospectus

E.

Balance sheet

Correct answer is D

No explanation has been provided for this answer.