Which of the following is not a function of commerce?
پاسخ دهید
(A)
advertising goods
2
Which of the following is not a function of commerce?
پاسخ دهید
(A)
advertising goods
3
Which of the following is not a function of commerce
پاسخ دهید
(C)
increasing profit made
4
Any activity that changes raw materials into consumer or industrial goods is
پاسخ دهید
(D)
manufacturing
5
The divisions of production are
پاسخ دهید
(C)
industry,commerce and services
6
Risks in business are borne by the
پاسخ دهید
(B)
entrepreneur
7
The main aim of credit and thrift societies is to
پاسخ دهید
(D)
encourage savings among members
8
In which of the following business units are profits shared on the basis of membership patronage?
پاسخ دهید
(C)
co-operative society
9
A business becomes a separate legal entity after it has
پاسخ دهید
(B)
been incorporated
10
The amalgamation of firms engaged in cotton processing and the manufacturing of textiles is
پاسخ دهید
(B)
vertical integration
11
A private company's ability to raise capital is limited because
پاسخ دهید
(D)
of limited collateral security
12
An increase in the volume of sales is also an increase in
پاسخ دهید
(B)
turnover
13
The working capital of a firm is calculated as
پاسخ دهید
(A)
current assets minus current liabilities
14
Dividend is always expressed as a percentage of total
پاسخ دهید
(B)
value of shares owned
15
Which of the following is a duty of the Employers Association?
پاسخ دهید
(B)
establishing a uniform wage scale
16
A very effective way of resisting the producer's exploitation is to
پاسخ دهید
(C)
form consumer's association
17
Which of the following makes sales possible without a sales attendant ?
پاسخ دهید
(C)
vending machine
18
Which of the following distinguishes supermarkets from other retail outlets
پاسخ دهید
(B)
standard shop fronts
19
Manufacturers sell directly to consumers when they
پاسخ دهید
(A)
want to make profit
20
Which of the following is regarded as a document of title in foreign trade?
پاسخ دهید
(D)
certificate of origin
21
The most acceptable means of payment in foreign transaction is
پاسخ دهید
(C)
irrevocable letters of credit
22
Which of the following is not a function of the Ports Authority
پاسخ دهید
(C)
providing storage and warehousing facilities at the docks
23
Terms of trade refers to
پاسخ دهید
(C)
the relationship between export and import prices
24
The aid to trade responsible for the preservation of perishable items is
پاسخ دهید
(A)
warehousing
25
Which of the following abbreviations permits the seller to correct any error in an invoice?
پاسخ دهید
(B)
C.I.F
26
C % F as a price quotation in foreign trade means that the buyer
پاسخ دهید
(B)
has to pay for cost and freight
27
A bill of exchange is made more negotiable if it has been
پاسخ دهید
(B)
accepted
28
A bill of exchange is made up more negotiable if it has been
پاسخ دهید
(B)
accepted
29
The primary objective of insurance is to
پاسخ دهید
(C)
give loan to business men
30
Which of the following services is rendered by Central Bank?
پاسخ دهید
(D)
issuing currency notes
31
Which of the following gives businessmen the opportunity to buy shares of public limited companies?
پاسخ دهید
(D)
the stock exchange
32
The liquid assets of commercial banks are
پاسخ دهید
(C)
deposit accounts and cash
33
The insurance policy which covers damages to the body of a ship is
پاسخ دهید
(D)
hull insurance
34
Which of the following central bank functions inspires confidence in the banking system in case of emergency?
پاسخ دهید
(B)
lender of last resort
35
Which of the following proves that important documents have reached their destination?
پاسخ دهید
(D)
express delivery services
36
The main advantage of sea transport over air transport is
پاسخ دهید
(A)
capacity
37
The mode of transport that conveys goods at low cost per unit is
پاسخ دهید
(B)
rail
38
Any activity aimed at creating more markets for a product is
پاسخ دهید
(A)
packaging
39
Activities aimed at boosting the image of an organization are regarded as
پاسخ دهید
(D)
consumer protection
40
When consumers are unaware of the quality of a product, the best advertising technique to use is
پاسخ دهید
(C)
direct advertising
41
Which of the following is not an obstacle to the achievement of the objectives of ECOWAS
پاسخ دهید
(D)
slow pace of development of member countries
42
Musa entered into a contract to supply two cows to Aro. Before the agreed date of supply and without the knowledge of the two parties, thieves stole the cows. This is an example of termination of contract by
پاسخ دهید
(A)
default
43
Abuse and monopoly of power by industrialists could lead to
پاسخ دهید
(C)
nationalization
44
Which of the following is an objective of indigenization policy? To
پاسخ دهید
(D)
encourage more production
45
One of the objectives of ECOWAS is to
پاسخ دهید
(C)
promote trade within the region
46
The amount of insurance premium to be paid depends on the
پاسخ دهید
(C)
number of insurance companies in a place
47
Which of the following is the main task of the Marketing Manager whose company has adopted the marketing concept? To
پاسخ دهید
(B)
maintain the company's share of the market
48
The Money Market is the
پاسخ دهید
(B)
market for short-term loans
49
The choice of medium used in advertising is not determined by the
