Post Utme Commerce Questions
Question 36:
SON is mainly responsible for:
- A Managing national transportation
- B Regulating insurance compensation
- C Controlling stock exchange activities
- D Ensuring product standard quality
Question 37:
Which of the following is an invisible import?
- A Payment for foreign education
- B Importation of motor vehicles
- C Exportation of petroleum products
- D Importation of raw materials
Question 38:
Which factor of production receives interest as reward?
- A Labour service contribution
- B Entrepreneurial management ability
- C Capital investment contribution
- D Natural land resources
Question 39:
Which channel of distribution has no middlemen?
- A Producer to consumer channel
- B Producer agent retailer channel
- C Producer wholesaler retailer channel
- D Wholesaler retailer consumer chain
Question 40:
Assets in a balance sheet mainly represent:
- A Taxes payable to government
- B Expenses incurred by firms
- C Debts owed to outsiders
- D Resources owned by business