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.
Which of the following is a matter of personal preference on the part of a superior officer?
Unity of command
Span of control
Delegation of anthority
Unity of direction
Correct answer is C
No explanation has been provided for this answer.
The three components of staffing are?
recruitment, interview and appointment
recruitment, test and placement
recruitment, selection and appointment
recruitment, selection and placement
Correct answer is D
Three important components of staffing are: Recruitment. Selection. Training/placement
A prerequisite for admission into the Second Tier Securities Market is for a company to?
make 20% of its equity share available to the public for subscription
have a minimum of 100 shareholders
have a maximum of 100 shareholders
make 10% of its equity share available to the public for subscription
Correct answer is B
Second-Tier Securities Market (SSM); A second market established by The Stock Exchange in Lagos in 1985 to list the securities of smaller companies which are unable to meet the requirements for listing on the more stringent segment (main market) of the Exchange.
Requirements for trading in a second-tier security market
The instrument used in the capital market is?
treasury bills
bill of exchange
stock
debenture
Correct answer is C
A stock is a type of investment that represents an ownership share in a company. Stocks are traded in the Capital market
A characteristics of money which ensures that its value is not lost is?
homogeneity
easy portability
divisibility
relative scarcity
Correct answer is D
Relative Scarcity: Money must be relatively scarce, that is, it must not be too many so as not to lose its value.