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.

2,436.

In which of the following would you advise Mr X Y to check and con firm the exact telephone number of a bank located in Ibadan?

A.

Post Office Guide

B.

Official Gazette

C.

Travellers' guide

D.

Private Branch Exchange

E.

Telephone directory

Correct answer is E

No explanation has been provided for this answer.

2,437.

The means by which printed messages sent by cable are recorded is called?

A.

telegram

B.

poste restante

C.

telecommunication

D.

telephone

E.

telex services

Correct answer is E

No explanation has been provided for this answer.

2,438.

The powers of attorney that transfers to a third party the shareholders right to vote is called?

A.

warrant

B.

shareholder's benefit

C.

proxy

D.

bond

E.

rights issue

Correct answer is C

No explanation has been provided for this answer.

2,439.

Organization formed mainly by traders and manufacturers to cater for the interest of their members is called?

A.

trade union

B.

co-operative societies

C.

trade association

D.

chamber of commerce

E.

manufacturers association

Correct answer is C

No explanation has been provided for this answer.

2,440.

Which of the following is not required for the dissolution of a partnership?

A.

Experiation of partnership deed

B.

Termination of the venture

C.

One partner notifying the other of his intention to dissolve it

D.

mutual consent of the partners

E.

Order from the registrar of companies

Correct answer is E

No explanation has been provided for this answer.