Commerce (2017) | Study Mode

Join Discuss Share to WhatsApp
Question 21
A
productivity and total output is increased
B
monotony of task is eliminated
C
loss of individual craftmanship is minimized
D
interdependence of workers increase remuneration
Explanation
More hands are involved in the production of a particular commodity.

Correct option: A
Join Discuss Share to WhatsApp
Question 22
A
public relation
B
profit sharing
C
human relation
D
profit making
Explanation
This is the money gotten from the business.

Correct option: D
Join Discuss Share to WhatsApp
Question 23
A
mail transfer
B
shipping note
C
bill of lading
D
consular invoice
Explanation
This is a document that gives details of goods being sent from one place to another.

Correct option: B
Join Discuss Share to WhatsApp
Question 24
A
assist members to buy cars
B
help individuals to set up small business
C
establish a link among member
D
foster cooperation among members
Explanation
They foster cooperation among members.

Correct option: D
Join Discuss Share to WhatsApp
Question 25
A
liquidity of the firm
B
death of the employee
C
insanity of a partner
D
resignation of an employee
Explanation
This can lead to the dissolution of partners.

Correct option: C
Join Discuss Share to WhatsApp
Question 26
A
an order cheque
B
a bounced cheque
C
a bearer cheque
D
an open cheque
Explanation
A cheque is said to be bounced if the cheque is being rejected or dishonoured by the bank. Another name for dishonoured cheque is a bounced cheque

Correct option: B
Join Discuss Share to WhatsApp
Question 27
A
mining
B
teaching
C
banking
D
driving
Explanation
All the options are classification of production.
It involves people whose activities are directed to the process of bringing out natural resources from the soil and sea.

Correct option: A
Join Discuss Share to WhatsApp
Question 28
A
pay cash to the bank: for manufacturers
B
stock perishable goods
C
regulate price for manufacturers
D
stock goods produced by different manufacturer
Explanation

Explanation not provided, please join discuss, your contributions are welcomed


Correct option: D
Join Discuss Share to WhatsApp
Question 29
A
hire purchase
B
mutual understanding
C
credit sale
D
leasing
Explanation
This is the transfer of goods and services from seller to a buyer without any value being given immediately in return.

Correct option: C
Join Discuss Share to WhatsApp
Question 30
A
retail trade
B
commerce
C
marketing concept
D
marketing
Explanation
It is the study of production, distribution and exchange of goods and services aimed at satisfying human wants.

Correct option: B

Try this quiz in in E-test/CBT Mode
switch to Commerce (2017) in CBT Mode

Previous Page Next Page
Question Map
Quiz link
Share Commerce (2017) with your audience
Share to WhatsApp CBT mode Study mode copy link
​​​Help keep QUIZZERWEB running! 
A donation makes a contribution towards the costs, the time and effort that's going on in building and improving this platform.
 
Donate
​​​sponsored
Are you a writer, proof-reader, interpreter, teacher, student or just someone who works in Yorùbá Language? 
 
Translate those figures and numbers to words in standard Yoruba Language at YorubaNumeral.com.ng at no cost. 
 
It also aids learning the yoruba numbering system by providing detailed explanation for each number translated up to 25 billion. 
 
English to Yorùbá Numeral Translator