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Vraag 1 Verslag
Commerce is often referred to as the life blood of every nation because it
Vraag 2 Verslag
The most important document an importer requires to be able to clear his goods from the harbour is
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Vraag 3 Verslag
An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called …… agent
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Vraag 6 Verslag
A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling fora commission proportionate to the value of the transaction is called a
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Vraag 8 Verslag
The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
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Vraag 10 Verslag
Which of the following groupings is a means of payments through the post office
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Vraag 11 Verslag
Gross profit can be calculated as
Vraag 13 Verslag
Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a
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Vraag 14 Verslag
The association that encourages savings for the benefit of its members is known as
Vraag 16 Verslag
Which of the following types of insurance is usually excluded from the principle of indemnity?
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Vraag 17 Verslag
Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.
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Vraag 19 Verslag
Which of the following forms part of a company’s Article of Association?
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Vraag 20 Verslag
The activities concerned with changing of raw materials into finished products belong to ______ occupation
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Vraag 21 Verslag
Departmental store, supermarket and chain store are examples of
Vraag 22 Verslag
The document which gives complete information about the goods sold is the
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Vraag 23 Verslag
A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.
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Vraag 25 Verslag
Which of the following advertising media preselects its readership through the nature of its content?
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Vraag 26 Verslag
Which of these is NOT a governments legislation to protect thee consumer?
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Vraag 27 Verslag
In the event of winding up of a company, who among the following is paid last?
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Vraag 28 Verslag
Which type of advertisement induces consumer to purchase the goods he does not need?
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Vraag 32 Verslag
One of the easiest means of transporting petroleum product is by
Vraag 34 Verslag
A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a
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Vraag 36 Verslag
Bonded warehouse is controlled and supervised by
Vraag 37 Verslag
The aid to trade which enables producer and consumer to transact business without physical contact is known as
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Vraag 38 Verslag
The following are advantages of division of labour specialization EXCEPT that it
Vraag 39 Verslag
A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a
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Vraag 40 Verslag
Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.
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Vraag 42 Verslag
The document that spells out the relationship of a company with the outside world is known as
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Vraag 43 Verslag
Use the information below to answer this question.
Aisha sold her wristwatch to Halima for N2,000.00 and she paid
The sum of N2,000.00 is the
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Vraag 46 Verslag
The coming together of two or more firms with each of them losing its identity is known as
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Vraag 48 Verslag
The rules and regulations guiding the conduct of business transactions are known as ……. law
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Vraag 50 Verslag
The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is
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