Commerce | Study Mode

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Question 1

Which of the following is NOT an aim of advertising?

creating a desire to purchase the goods

arousing the interest of the public

attracting the attention of the public

inspiring public confidence in the goods

reducing the cost of the goods produced

Explanation

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Correct option: E

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Question 2

Use the following information answer this question.

What is the gross profit?

N2050

N3720

N4020

N4320

N4720

Explanation

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Correct option: B

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Question 3

Which of the following warehouse is generally found near a port?

bonded warehouse

distributor's warehouse

manufacturers warehouse

producers warehouse

wholesalers warehouse

Explanation

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Correct option: A

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Question 4

Banks issue cheque books to customers holding ......... accounts.

current

deposit

fixed deposit

foreign

savings

Explanation

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Correct option: A

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Question 5

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

brokerage

commission

contango

interest

jobbers turn

Explanation

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Correct option: E

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Question 6

Prospectus in relation to a public limited inability company means

a document for allocation of shares to the public

a document stating the types or shares

a document where the names of shareholders are written

an invitation to the public to buy shares

an invitation to the public to collect dividends

Explanation

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Correct option: D

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Question 7

The relationship between a countrys visible imports and exports in a trading year is known as

balance of payment

balance of trade

counter trade

international trade

terms of trade

Explanation

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

Correct option: B

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Question 8

The relationship between a countrys visible imports and exports in a trading year is known as

balance of payment

balance of trade

counter trade

international trade

terms of trade

Explanation

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

Correct option: E

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Question 9

When the price quoted includes all the cost to the actual destination, that is, from the sellers warehouse to the buyers warehouse. it is called

carriage

carriage paid

cash on delivery

franco

loco price

Explanation

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

Correct option: B

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Question 10

The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as

business reply service

cash on delivery service

express mail service

free post service

posted restate service

Explanation

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

Correct option: E

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