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 NOT a function of Commerce?
Assisting Companies in raise capital
Assisting in transporting men and materials to production points
Extracting goods for further production and processing
Storing goods until they are needed
Offering employment opportunities to a large number of people
Correct answer is A
No explanation has been provided for this answer.
N180,000.00
N227,000.00
N279,000.00
N290,000.00
N301,000.00
Correct answer is C
Cost of goods sold = opening stock + purchases - closing stock - returns outwards (returns outwards represent goods that were bought but returned to the supplier due to one reason or the other. It will be subtracted from the purchase)
10,000 + 280,000 - (8,000 - 3,000)
290,000 - 11,000 = 279,000
Telecommunication services are provided by
Bureau De Change
Courier Services
Date Post
NIPOST
NITEL
Correct answer is E
No explanation has been provided for this answer.
Shares that are fully paid can be converted into bulks known as
bonds
capital reserves
debentures
guilt-edged securities
stocks
Correct answer is E
No explanation has been provided for this answer.
The practice of selling some goods below market price to attract more customers is known as
hoarding
loss leader
market sharing
profiteering
speculating
Correct answer is C
No explanation has been provided for this answer.