Commerce 2011 | Study Mode

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Question 31
A
morale of the supervisedis high
B
span of control is wide
C
span of control is narrow
D
morale of thr supervisor is low
Explanation

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Correct option: C
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Question 32
A
organizational structure
B
clarity of objective
C
unity of direction
D
line structure
Explanation

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Correct option: A
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Question 33
A
place mix
B
promotion mix
C
price mix
D
product mix
Explanation

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Correct option: D
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Question 34
A
marketing concept
B
consumerism
C
sales promotion
D
marketing mix
Explanation

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Correct option: C
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Question 35
A
tourism
B
banking
C
communication
D
transportation
Explanation

banking has to do with engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit etc. it consist oftransacting business with a bank; depositing or withdrawing funds or requesting a loan etc. in another aspect, it is the legal right of a bank to seize deposited funds to cover a loan that is in default

Commercial banks are those that provide the general public with deposit and withdrawal accounts services, and with loans. The odds are you deal with a commercial bank on a regular basis. There are a variety of methods by which commercial banks make a profit, including fees, credit card interest, loans and optional add-ons.


Correct option: B
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Question 36
A
product differentiation
B
persuasive advertising
C
publicity
D
packaging
Explanation

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Correct option: B
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Question 37
A
legal and written
B
legal and binding
C
legal and attractive
D
legal and harmonious
Explanation

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Correct option: B
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Question 38
A
principal and the creditor
B
bailee and the bailor
C
principal and the agent
D
shareholder and the creditor
Explanation
This is a business relationship where a principal gives legal authority to an agent to act on the principal's behalf when dealing with a third party.

Correct option: C
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Question 39
A
indemnify him against liabilities incurred on duty
B
award scholarship to his children
C
terminate his appointment without prior notice
D
indemnity himagainst injuries caused through negligence
Explanation

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Correct option: A
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Question 40
A
SON
B
NDLEA
C
NAFDAC
D
CAC
Explanation

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Correct option: C

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