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Commerce Past Questions and Answers

Commerce Questions

Question 1516:
The body controlling the installation and maintenance of telephone in Nigeria is?
  • A NET
  • B ITT
  • C NITEL
  • D NIPOST
  • E NICON
View Answer & Explanation
Question 1517:
A teleprinter is used to transit?
  • A Important documents through the post office
  • B Typed message quickly over long distance
  • C Data to and form computer
  • D Messages to areas within a locality
  • E Information within a bank
View Answer & Explanation
Question 1518:
Warehousing is one of the functions of the?
  • A Wholesaler
  • B Retailer
  • C Chamber of commerce
  • D Ministry of Trade and Industry
  • E Export Promotion Department
View Answer & Explanation
Question 1519:
Which of the following price quotation contains the cost price, insurance charges and the cost of transporting the goods?
  • A F.O.R
  • B C & F
  • C F.A.S
  • D F.O.B
  • E C.I.F
View Answer & Explanation
Question 1520:
Any powers exercise by a company in pursuance of objectives not authorized by the Memorandum of Association is regarded as?
  • A A trespass
  • B A nuisance
  • C Ultra vires
  • D Uberrimae fidei
  • E Caveat emptor
View Answer & Explanation