Commerce (2016) | Study Mode

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Question 31
A
current assets
B
debit balances
C
credit balance
D
fixed assets
Explanation

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Correct option: A
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Question 32
A
Total assets less current liabilities
B
Current liabilities less current assets
C
Fixed liabilities less current assets
D
Current assets less current liabilities
Explanation

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Correct option: A
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Question 33
A
gives preferential treatment to Nigerian investors
B
provides credit facilities to importers
C
encourages the growth of infant industries
D
provides warehosing facilities at the docks
Explanation

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Correct option: D
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Question 34
A
transportation
B
communication
C
tourism
D
insurance
Explanation

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Correct option: C
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Question 35
A
cartel
B
syndicate
C
Chamber of Commerce
D
Nigeria Bar Association
Explanation

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Correct option: C
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Question 36
A
training
B
profit
C
remuneration
D
promotion
Explanation

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Correct option: C
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Question 37
A
financial responsibility
B
economic responsibility
C
legal responsibility
D
social responsibility
Explanation

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Correct option: D
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Question 38
A
cultural enviroment
B
demographic environment
C
legal environment
D
political environment
Explanation

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Correct option: C
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Question 39
A
Cheque
B
Travellers cheque
C
Bank note
D
Goldsmith receipt
Explanation

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Correct option: C
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Question 40
A
Fiduciary note
B
Token money
C
Commodity money
D
Fiat money
Explanation

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Correct option: A

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