Question 0Which Commerce Question Paper is given to you?A.Type AB.Type BC.Type CD.Type DE.Objective Show full explanation
Question 0The wealth of a nation depends on the volume of its?A.bilateral trade activitiesB.commercial activitiesC.multilateral trade activitiesD.stock marketE.Objective Show full explanation
Question 0Which of the following can be used to differentiate skilled and unskilled labour?A.Education and traningB.Available resourcesC.Level of commitmentD.Salaries and wagesE.Objective Show full explanation
Question 0A doctor who attends to patients at home after his official duty is?A.a community develoment workerB.a direct service workerC.an indirect sevice workerD.a direct and an indirect sevice workerE.Objective Show full explanation
Question 0Manufacturing and constructive activities are classified under?A.primary productionB.tertiary productionC.secondary productionD.direct serviceE.Objective Show full explanation
Question 0The rewards of rents, wages, interests and profits accrue from?A.capital, labour, land and enterpreneur respectivelyB.land, enterpreneur,labour and capital respectivelyC.land, lbour, capital and enterpreneur respectivelyD.labour, enterpreneur, land and capital respectivelyE.Objective Show full explanation
Question 0The factor of production that is subject to depreciation is?A.capitalB.landC.labourD.entrepreneurE.Objective Show full explanation
Question 0Division of labour ultimately leads to?A.conservationB.intergrationC.specializationD.repetitionE.Objective Show full explanation
Question 0A worker who process rice is engaged in?A.constructive activityB.comercial activityC.extractive activityD.manufactural activityE.Objective Show full explanation
Question 0After-sales service is a function usually rendered by?A.a retailerB.a wholesalerC.an agentD.an enterpreneurE.Objective Show full explanation
Question 0A trend in retailing which enables consumers to have free access to different products is?A.after-sales servicesB.brandingC.self-servicesD.vending machineE.Objective Show full explanation
Question 0The activity which entails buying of goods in bulk and selling in small quantities to retailers is?A.assemblingB.wholesalingC.retailingD.merchandisingE.Objective Show full explanation
Question 0The comparison of a country's visible and invisible exports and imports expressed in monetary term is?A.balance of paymentB.terms of tradeC.balance of trdaeD.terms of paymentE.Objective Show full explanation
Question 0The document that gives an importer a freehand to obtain goods from any manufacturer is?A.a consular invoiceB.a closed indentsC.an open indentD.a freight noteE.Objective Show full explanation
Question 0Entrepot trade usually occurs in?A.exchanging goods within a nationB.exchanging goods among countriesC.importing goods to be re-exprotedD.exproting goods to be re-importedE.Objective Show full explanation
Question 0The document issued to a port authority when goods are deposited is a?A.dock landing accountB.bill of sightC.bill of ladingD.dock warrantE.Objective Show full explanation
Question 0The details of the goods require by the the purchaser is outlined in?A.a consular invoiceB.an indentC.an invoiceD.a certificateof orignE.Objective Show full explanation
Question 0Selling goods in foreign countries at price below their marginal cost is?A.dumpingB.depreciationC.devaluationD.discountingE.Objective Show full explanation
Question 0A process of creating more market for a product is through?A.consumerismB.marketingC.advertisingD.reponsitioningE.Objective Show full explanation
Question 0One of the merits of television as a medium of of advertising is that it?A.is prone to censorshipB.is relatively cheapC.has more sensory stimulationD.has more network coverageE.Objective Show full explanation
Question 0The best mode of ensuring that items posted got to the named address through?A.recorded deliveryB.registered mailC.certificate of postingD.express mailE.Objective Show full explanation
Question 0A businessman who undertakes the hull insurance policy is aiming at?A.conerting losses on damages to the cargoB.protcting injured crew in the shipC.averting payment of the freightD.covering damages to the body of the shipE.Objective Show full explanation
Question 0An agent who brings a customer into business contact with his principle is known as?A.a del credere agentB.an auctioneerC.a factorD.a brokerE.Objective Show full explanation
Question 0A major hindrance to tourism growth in Nigeria is?A.absence of genunie tour operatorsB.lack of tourism master planC.inadequate tourist centresD.non-compliance to immigration lawsE.Objective Show full explanation
Question 0The warehouse that is owned and controlled by the government is a?A.wholesalers' warehouseB.public warehouseC.state warehouseD.manufaturers' warehouseE.Objective Show full explanation
Question 0One of the main features of a partnership is?A.limited liabilityB.lack of corporate existenceC.unlimited membershipD.lack of utual confidenceE.Objective Show full explanation
Question 0An arrangement by independent firms to share the market of their products on quota basis is referred to as?A.trustB.integrationC.syndicateD.cartelE.Objective Show full explanation
Question 0A public company with an authorized capital of N60,000, issued N36,000 shares at 150k each. What is its capital?A.N60,000B.N36,000C.N54,000D.N90,000E.Objective Show full explanation
Question 0One of the functions of NACCIMA is?A.negotiating with labour unions in matters of wages and conditions of serviceB.pooling of members' resources for long-term investmentC.disseminating information to members on matters relating to tariffsD.ensuring uniformity in labour matters and industrial relationsE.Objective Show full explanation
Question 0A characteristics of money which ensures that its value is not lost is?A.homogeneityB.easy portabilityC.divisibilityD.relative scarcityE.Objective Show full explanation
Question 0The instrument used in the capital market is?A.treasury billsB.bill of exchangeC.stockD.debentureE.Objective Show full explanation
Question 0A per-requiste for admission into the Second Tier Securities Market is for a company to?A.make 20% of its equity share available to the public for subscriptionB.have a minimum of 100 shareholdersC.have a maximum of 100 shareholdersD.make 10% of its equity share available to thee public for subscriptionE.Objective Show full explanation
Question 0The three components of staffing are?A.recruitment, interview and appointmentB.recruitment, test and placementC.recruitment, selection and appointmentD.recruitment, selection and placementE.Objective Show full explanation
Question 0Which of the following is a matter of personal preference on the part of a superior officer?A.Unity of commandB.Span of controlC.Delegation of anthorityD.Unity of directionE.Objective Show full explanation
Question 0The conversion of raw materials into finished goods leads to the creation of?A.form utilityB.product utilityC.possession utilityD.place utilityE.Objective Show full explanation
Question 0The main concern of marketing concept is to?A.reduce the number of retail outletsB.identify consumer needs and satisfy themC.increase sales to meet consumers needsD.encourage division of labourE.Objective Show full explanation
Question 0The best pricing strategy for a company that produces warm clothing is?A.target return pricingB.bid pricingC.variable pricingD.product line pricingE.Objective Show full explanation
Question 0The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through?A.public relationsB.advertisingC.sales promotionD.rebrandingE.Objective Show full explanation
Question 0The label on a product such as 'pampers' is atype of?A.trademarkB.brandingC.packagingD.patent rightE.Objective Show full explanation
Question 0The deliberate and sustained efforts of an organization towards the creation of goodwill for its products and services is through?A.public relationsB.advertisingC.sales promotionD.rebrandingE.Objective Show full explanation
Question 0An opportunity to reject a binding contract at will by a third party is said to be a?A.valid contractB.quasi contractC.voidable contractD.conditional contractE.Objective Show full explanation
Question 0An agency contract must involve?A.a principal and a consumerB.a principal and a producerC.a principal and a third partyD.a principal and an agentE.Objective Show full explanation
Question 0The difference between trademark and patent right is that the latter?A.gives exclusive right to import a particular goodB.is conferred by the governmentC.confers monopoly on a productD.confers exclusive right to publish literary worksE.Objective Show full explanation
Question 0Which of the following is a function of consumerism?A.Protecting consumers' rightsB.providing consumers' choiceC.providing consumers' needsD.Making profiteering impossibleE.Objective Show full explanation
Question 0A printed copy of processed information from the computer is the?A.soft copyB.file copyC.scanned copyD.hard copyE.Objective Show full explanation
Question 0The central working system of a computer used for data processing is the?A.memory unitB.monitorC.floppy disk driveD.hard driveE.Objective Show full explanation
Question 0The major problem confronting Cyber Cafe operators is?A.advance fee fraud by clienteleB.poor network coverageC.high operating costsD.copyright voilations by clientsE.Objective Show full explanation
Question 0A device that enables the downloading of information from the internet is the?A.floppy driveB.compact diskC.modemD.bluetoothE.Objective Show full explanation
Question 0One way by which a business can discharge its social responsibility to its community is to?A.hold monthly meetings of its customersB.building houses for its executivesC.award scholarship to staff childrenD.build public health centresE.Objective Show full explanation
Question 0In e-banking, ATM meansA.Authentic Teller ManchineB.Autmatic Teller MachineC.All-purpose Teller MachineD.Automated Teller MachineE.Objective Show full explanation