Financial Accounting& Commerce Study Mode

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Question 1 Financial Accounting& Commerce | OAU Post UTME
A
let the seller beware  
B
let the producer beware  
C
let the buyer be awarded  
D
let the buyer beware 
Explanation.
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Correct Option:
D
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Question 2 Financial Accounting& Commerce | OAU Post UTME
A
office equipment only  
B
food stuff only  
C
general house hold goods  
D
building materials 
Explanation.
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Correct Option:
C
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Question 5 Financial Accounting& Commerce | OAU Post UTME
A
accountant  
B
actuary  
C
value  
D
auditor 
Explanation.
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Correct Option:
B
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Question 6 Financial Accounting& Commerce | OAU Post UTME
A
protect the insured against the insurance company  
B
protect the insurance company  
C
protect the third party under the contract  
D
enable the insured to claim on the insurance company 
Explanation.
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Correct Option:
C
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Question 7 Financial Accounting& Commerce | OAU Post UTME
A
del credere  
B
caveat vendetta  
C
caveat emptor  
D
res ipsa loquitor 
Explanation.
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Correct Option:
C
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Question 8 Financial Accounting& Commerce | OAU Post UTME
A
provide employment  
B
provide essential  
C
make profit  
D
establish a monopoly 
Explanation.
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Correct Option:
B
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Question 9 Financial Accounting& Commerce | OAU Post UTME
A
Home and foreign trade  
B
Whole and retail trade  
C
Imports and exports  
D
Visible and invisible trade 
Explanation.
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Correct Option:
A
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Question 10 Financial Accounting& Commerce | OAU Post UTME
A
It has a separate legal entity  
B
It has unlimited liability  
C
It has slim chances of expansion  
D
It can convert into company 
Explanation.
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Correct Option:
A
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