Commerce Questions & Answers - Free Online Practice

2,566.

The function which ensures that set objectives are attained by an organization is?

planning

directing

staffing

controlling

Correct answer is A

Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives. It involves deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

2,567.

The daily official publications of the Nigeria Stock Exchange give detailed information on the?

changes in the official rules set by the market

method of transactions agreed upon by members

participation of members in a day

changes in the price of securities

View answer & explanation

Correct answer is C

The Nigerian Stock Exchange daily publications are made up of the individual ratings and participation of listed companies in the market. It shows top gainers and losers and their market contribution as well as the value of shares as against the previous day.

2,568.

The major dealers on the stock market are the?

agents

jobbers

investors

brokers

View answer & explanation

Correct answer is D

A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. Brokers are the major players in the stock exchange market.

2,569.

The characteristic which ensures that money is free from forgery is its?

legality

durability

recongnition

credibility

View answer & explanation

Correct answer is A

The legal backing of money makes it generally acceptable and protected by law as the acceptable means of legal tender, unlike counterfeit money that is produced without the legal sanction of the State or government.

2,570.

The manufacturers' Association of Nigeria is an example of a?

labour union

pressure group

conglomerate

cartel

View answer & explanation

Correct answer is B

No explanation has been provided for this answer.