Commerce 2015 | Study Mode

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Question 1
A
1.13 : 1 
B
2 : 1 
C
4.75 : 1 
D
4.25 : 1 
Explanation.

No official Explanation yet!


Correct Option:
A
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Question 2
A
Coastal Liners and Cargo Liners 
B
Cargo Liners and Tramp liners 
C
Passenger liners and Tramp liners 
D
Passenger Liners and Cargo Liners 
Explanation.
ocean liners are vessels that operate on specific on high seas and oceans and they operate on fixed time schedule

Correct Option:
D
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Question 3
A
Carrying favour from local people 
B
finding a way to spend excess profit 
C
Fulfilling part of its social responsibility 
D
Investing its idle fund 
Explanation.
the health centre the company built is a social amenity and in doing so it is fulfilling parts of is social responsibility to the most community in which it is doing business.

Correct Option:
C
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Question 4
A
New York 
B
Madrid 
C
Paris 
D
London 
Explanation.
is correct the headquarters of the world tourism organization is located in Madrid, Spain

Correct Option:
B
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Question 5
A
Bank draft 
B
Bankers order 
C
Promissory note 
D
Travelers cheque 
Explanation.
it is an order by the customer requesting the bank to transfer certain amount from the customers account to another bank account, so it is a standing order.

Correct Option:
B
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Question 6
A
Inadequate capital 
B
Inadequate means of transportation 
C
Insurance 
D
Low savings 
Explanation.

No official Explanation yet!


Correct Option:
B
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Question 7
A
Protection 
B
Raw materials 
C
Machines 
D
Goods and Services 
Explanation.
Protection it is not meant to increase our materials wealth but to make our lives worth living

Correct Option:
A
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Question 8
A
The cost of producing the product 
B
The economic conditions in the market 
C
the demography of the buyers of the product 
D
The demand for the product 
Explanation.
what the form consider first and most is the cost of production i.e. the cost of producing the product as this determines the price at which the product will be sold.

Correct Option:
A
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Question 9
A
Owner of the property 
B
usefulness of the property to the owner 
C
Type and structure of the property to be insured 
D
extent of fire damaged anticipated. 
Explanation.
the type and structure of the property will determine the value of the property since the value of the property will have to be considered by the insurance company before the contract will be entered into by both parties.

Correct Option:
C
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Question 10
A
Nigerian consumers association 
B
Manufacturers' Association of Nigeria 
C
Standard Organization of Nigeria 
D
Nigerian Chamber of commerce 
Explanation.
the standard organization of Nigeria is the organization saddled with the responsibility of ensuring that goods or products conform to government quality specification

Correct Option:
C

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