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.
A major hindrance to tourism growth in Nigeria is?
absence of genunie tour operators
lack of tourism master plan
inadequate tourist centres
non-compliance to immigration laws
Correct answer is B
No explanation has been provided for this answer.
An agent who brings a customer into business contact with his principle is known as?
a del credere agent
an auctioneer
a factor
a broker
Correct answer is D
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed.
A businessman who undertakes the hull insurance policy is aiming at?
concerting losses on damages to the cargo
protecting injured crew in the ship
averting payment of the freight
covering damages to the body of the ship
Correct answer is D
Hull insurance is an insurance policy especially designed for covering ship damage expenses. Where the 'Hull' refers to the main body of the ship.
The best mode of ensuring that items posted got to the named address through?
recorded delivery
registered mail
certificate of posting
express mail
Correct answer is B
Registered mail is a postal procedure with special precautions for safety and for compensation in case of loss.
One of the merits of television as a medium of of advertising is that it?
is prone to censorship
is relatively cheap
has more sensory stimulation
has more network coverage
Correct answer is C
No explanation has been provided for this answer.