Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following does NOT belong to the group?
Banking
insurance
retailing
transport
warehousing
Correct answer is C
No explanation has been provided for this answer.
Which of the following is NOT a component of trade?
Auction
Bilateral
Multi-lateral
Retail
Wholesale
Correct answer is A
No explanation has been provided for this answer.
The most common form of business unit in West Africa is
co-operative society
joint stock company
partnership
public corporation
sole proprietor-ship
Correct answer is E
No explanation has been provided for this answer.
Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.
a deposit is
a quarter of the total price is
half of the total price is
the final instalment is
two instalment have been
Correct answer is D
No explanation has been provided for this answer.
One of the easiest means of transporting petroleum product is by
air
pipeline
rail
road
sea
Correct answer is B
No explanation has been provided for this answer.