Post Utme Commerce Questions
Question 21:
The difference between the cost of goods sold and the sales value is known as ____________
- A Net profit
- B Net loss
- C Gross profit or loss
- D Surplus
Question 22:
Debenture holders are regarded mainly as:
- A Creditors of the company
- B Owners of the business
- C Industrial production workers
- D Government tax officials
Question 23:
Consumer market mainly consists of:
- A Firms purchasing industrial machines
- B Buyers purchasing for personal use
- C Wholesalers buying goods in bulk
- D Governments importing heavy equipment
Question 24:
A debit note is mainly issued when:
- A Payment receipt is acknowledged
- B Seller receives excess payment
- C Goods are delivered correctly
- D Buyer is undercharged previously
Question 25:
A country records an adverse balance of trade when:
- A Imports exceed visible exports
- B Exports exceed visible imports
- C Foreign reserves rise steadily
- D Invisible earnings increase rapidly