Commerce Past Questions And Answers
The promotion of team spirit in an organization is referred to as
- A. unity of direction
- B. espirit de corps
- C. unity of purpose
- D. discipline
Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?
- A. F.O.R
- B. C.I.F
- C. F.A.S
- D. Loco
Which of the following is a form of sales promotion
- A. advertising on radio
- B. offering free sample
- C. distributing printed materials
- D. advertising on television
Which of the following has the main objective to differentiate between similar products from different manufacturers?
- A. Branding
- B. Wrapping
- C. Packaging
- D. Mark up
The essential utility derived from the use of a product is known as
- A. augmented benefit
- B. branded benefit
- C. core benefit
- D. formal benefit
Which Commerce Question Paper is given to you?
- A. Type A
- B. Type B
- C. Type C
- D. Type D
Which of the following is not a function of a consumer association?
- A. ensuring that consumers buy quality goods
- B. educating consumers on their rights
- C. penalizing importers of fake goods
- D. ensuring that fair prices are charged
Communication is relevant to business activities because it
- A. creates wealth for people
- B. reduces the cost and risk of travelling
- C. connects people
- D. enhances delivery of goods and services
The assets, liabilities and general management of a distressed bank may be taken over by
- A) International Bank for Reconstruction and Development
- B) Nigerian Industrial Development Bank
- C) Nigeria Deposit Insurance Corporation
- D) Nigerian Bank for Commerce and Industry
Explain each of the following insurance concepts
(a) non indemnity insurance
(b) Group insurance
(c) Re-insurance
(d) Under insurance
(e) Consequential loss insurance.