Post Utme Commerce Questions
Question 111:
Kamaldeen is a seller in a hire-purchase agreement with Emeka. By law, Kamaldeen cannot recover the hire purchased goods. This is an instance of a restriction on
- A Emeka's right to breach the agreement
- B Kamaldeen's right to terminate the agreement.
- C Kamaldeen's right to re-hire the goods
- D Emeka's right to terminate the agreement
Question 112:
When a business enterprises provides free service to its environment, the services is said to be a
- A Social responsibility
- B Civic responsibility
- C Philanthropic
- D Consideration
Question 113:
Goods imported into a country for the purpose of re-exporting attracts a rebate known as
- A Customs draw back
- B Incentive
- C Export royalty
- D Export rebate.
Question 114:
The major responsibility of an entrepreneur is
- A Planning and organizing all activities in the business
- B Employing all factors of production in the business
- C Coordinating and determining the proportion of what to produce
- D Directing and controlling all the affairs of the business