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Commerce Past Questions


Question 4196:


Which of the following sets of itens was used for exchange in Nigeria before money was introduced?

A. Cowries. iron rods, brass rods and copper wires
B. Iron rods. copper rods, inanila and cowries
C. Cowries, manila, brass rods and copper wires
D. Copper wires. brass wires, cowries and irons rods


Question 4197:


What document is required when a country imposes ad valorem import duties on goods?

A. A bill of lading
B. A consular invoice
C. A shipping note
D. A mail transfer


Question 4198:


Which of the following is NOT a veritable source of funds to a public limited liability company ____________

A. Government financial grants
B. Advances and loans from banks
C. Internally generated funds
D. Funds from the sale of shares


Question 4199:


Which combination of the below are basic requirements as business resource?
I. money and machines
II. materials and money
III. market and man
IV. Materials and man

A. I and II
B. II and II
C. I and IV
D. II and IV


Question 4200:


A document which advertises the shares of a company is known as ____________

A. Memorandum of satisfaction
B. Divided warrant
C. Deed
D. Prospectus






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