OAU Commerce 2012/2013 Past Questions

Which of the following countries is not a member of ECOWAS

There are some aspects of the law which give protection and encouragement to individuals and businesses. Three of these are

The following statements are true except one

Which of the following terms is used in marine insurance when the cargo suffers partial loss?

The use of coin - operated machines to sell goods is form of

Which of the following groups is paid first when a firm liquidates?

Which of the following statements is true about sea transport?

A sole proprietor insured his goods worth N200,000 for half the value. There was a fire incident in which goods valued N80,000 were destroyed. The value of compensation expected from the insurer is

For the establishment of a powerful consumers' association in Nigeria to exist, there must be

If a partnership deed is silent on how profits are to be shared, partnerships share profits

One of the implications of the incorporation of a company is that

Rights issue means the

Motivation is an essential element in management because it

Which of the following sets of items was used for exchange in Nigeria before money was introduced?

What document is required when a country imposes ad valorem import duties on goods?

Which of the following is NOT a veritable source of funds to a public limited liability company

Which combination of the below are basic requirements as business resource? I. money and machines II. materials and money III. market and man IV. Materials and man

A document which advertises the shares of a company is known as

Which of the following is NOT an advantage derived from working for a large establishment?

The sale of foreign investment and gold reserve can be used to

The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples, personal selling involves

Commercialization of government corporations brings about an increase in the level of

In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as

Which of the following arrangements for the conveyance of goods abroad?

The difference between the cost of goods sold and the sales value is known as