Commerce Past Questions and Answers

a company has recently advertised an issue of one million ordinary shares of 50kobo and 65kobo per share.wen the issue is fully paid the company will collect?

A N65,000.00
B N500,000.00
C N650,000.00
D N1,000,000.00
E N65,000,000.00

Question 162:

which of the following is not the function of a small? retailer

A Supplying goods to the final consumer
B Breaking goods into small units
C Granting credits to known customers
D Furnishing information to the wholesaler
E Selling in large quantities

Question 163:

a speculator in the stock exchange market who sells securities in expectation of a fall in their prices is called?

A Broker
B A bull
C A bear
D An investor
E A stag

Question 164:

an association formed by Tyre manufacturers to safeguard and promote their interests is known as

A Co-operative society
B Chamber of commerce
C Trade union
D Consortium
E Trade association

Question 165:

the reward of capital is?

A Dividend
B Interest
C Profit
D Rent
E Rebate