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Commerce Past Questions
The Stock Exchange is a market where
- A. long-term securities are sold
- B. all types of securities are sold
- C. short-term securities are sold
- D. medium-term securities are sold.
A computer that can be used in weather forecast is
- A. a hybrid computer
- B. an analog computer
- C. a mainframe computer
- D. a digital computer.
Resources obtained from the extractive sector that are transformed into finished products are examples of
- A. primary production
- B. tertiary production
- C. direct production
- D. secondary production.
Partnerships are most effective where
- A. the partners are family friends
- B. professionals are involved
- C. members can easily raise enough capital
- D. government regulations are favourable
Which of the following is a means of payment through the post office?
- A. Standing Order
- B. Promissory note
- C. Money order
- D. Telegraphic transfer
The main aim of selling directly to the consumers by manufacturers is to
- A. reduce transportation cost
- B. make contact with individual consumers
- C. discourage the activities of middlemen
- D. maximize profit margin
The central working system of a computer used for data processing is the
- A. memory unit
- B. monitor
- C. floppy disk drive
- D. hard drive
The oldest form of business enterprise in Nigeria is
- A. partnership
- B. private liability company
- C. public enterprise
- D. sole proprietorship
The term Plc implies that the shares are available
- A. to the public at the company
- B. privately on the stock exchange
- C. publicly on the stock exchange
- D. publicly in commercial banks.
Social responsibilities of a business to the consumers include the following, EXCEPT
- A. educating the customers
- B. ensuring truth in advertisement
- C. granting credit facilities
- D. providing of quality product