Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

64

The production of good in anticipation of demand is possible because of the existence of?

  • A. packaging
  • B. advertising
  • C. warehousing
  • D. branding
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65

The production of good in anticipation of demand is possible because of the existence of?

  • A. packaging
  • B. advertising
  • C. warehousing
  • D. branding
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66

A merchant who wishes to order goods from a foreign country sends?

  • A. an invoice
  • B. an indent
  • C. an advice note
  • D. a credit note
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67

A merchant who wishes to order goods from a foreign country sends?

  • A. an invoice
  • B. an indent
  • C. an advice note
  • D. a credit note
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68

A merchant who wishes to order goods from a foreign country sends?

  • A. an invoice
  • B. an indent
  • C. an advice note
  • D. a credit note
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69

A merchant who wishes to order goods from a foreign country sends?

  • A. an invoice
  • B. an indent
  • C. an advice note
  • D. a credit note
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70

Which of the following is not a function of a retailer?

  • A. Supplying goods to final consumers
  • B. Bulk breaking
  • C. Giving information to the wholesaler
  • D. Branding and packaging of goods
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71

When a country’s total visible and invisible exports are more than its visible and invisible imports, it has?

  • A. favourable balance of payments
  • B. favourable balance of trade
  • C. unfavourable balance of trade
  • D. unfavourable balance of payment
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72

When a country’s total visible and invisible exports are more than its visible and invisible imports, it has?

  • A. favourable balance of payments
  • B. favourable balance of trade
  • C. unfavourable balance of trade
  • D. unfavourable balance of payment
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73

A refund of the duty collected on goods imported and processed for re-export is?

  • A. excise duty
  • B. excise draw back
  • C. preferential duty
  • D. value added tax
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74

Which of the following is not contained in an advice note?

  • A. Types of goods
  • B. Price of goods
  • C. Date of dispatch
  • D. Means of dispatch
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75

A consignment note is used when?

  • A. goods are wrapped and labelled for easy identification
  • B. goods are dispatched to agent through transporters
  • C. damaged goods are being returned
  • D. there is over-invoicing
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76

A retail outlet which sells a fairly narrow range of goods with a number of branches in different towns is a?

  • A. supermarket
  • B. mail-order shop
  • C. mobile shop
  • D. multiple shop
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77

A debenture is mortgaged when it is?

  • A. not secured on the the assets of a company
  • B. Secured on the assets of a company
  • C. irredeemable
  • D. redeemable
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78

A debenture is mortgaged when it is?

  • A. not secured on the the assets of a company
  • B. Secured on the assets of a company
  • C. irredeemable
  • D. redeemable
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79

Which of the following is true about cumulative preference shares?

  • A. Unpaid dividends are carried forward
  • B. Shareholders can secure capital refund on demand
  • C. Shareholders are entitled to further share of profit
  • D. Dividends are paid into a special account
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80

Which of the following is true about cumulative preference shares?

  • A. Unpaid dividends are carried forward
  • B. Shareholders can secure capital refund on demand
  • C. Shareholders are entitled to further share of profit
  • D. Dividends are paid into a special account
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81

Which of the following is true about cumulative preference shares?

  • A. Unpaid dividends are carried forward
  • B. Shareholders can secure capital refund on demand
  • C. Shareholders are entitled to further share of profit
  • D. Dividends are paid into a special account
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82

Which of the following is true about cumulative preference shares?

  • A. Unpaid dividends are carried forward
  • B. Shareholders can secure capital refund on demand
  • C. Shareholders are entitled to further share of profit
  • D. Dividends are paid into a special account
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83

The total value of fixed and current assets is?

  • A. working capital
  • B. capital employed
  • C. fixed capital
  • D. capital owned
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84

The total value of fixed and current assets is?

  • A. working capital
  • B. capital employed
  • C. fixed capital
  • D. capital owned
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