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Commerce Past Questions and Answers

Post Utme Commerce Questions

Question 11:
What document is required when a country imposes ad valorem import duties on goods?
  • A A bill of lading
  • B A consular invoice
  • C A shipping note
  • D A mail transfer
View Answer & Explanation
Question 12:
Which of the following is NOT a veritable source of funds to a public limited liability company ____________
  • A Government financial grants
  • B Advances and loans from banks
  • C Internally generated funds
  • D Funds from the sale of shares
View Answer & Explanation
Question 13:
Which combination of the below are basic requirements as business resource?<br/>I. money and machines <br/>II. materials and money <br/>III. market and man <br/>IV. Materials and man
  • A I and II
  • B II and II
  • C I and IV
  • D II and IV
View Answer & Explanation
Question 14:
A document which advertises the shares of a company is known as ____________
  • A Memorandum of satisfaction
  • B Divided warrant
  • C Deed
  • D Prospectus
View Answer & Explanation
Question 15:
Which of the following is NOT an advantage derived from working for a large establishment?
  • A More fringe establishment
  • B Greater specialization is possible
  • C A tall career ladder
  • D Greater job security
View Answer & Explanation