Post Utme Obafemi Awolowo University Commerce Past Questions and Answers

Question 1:

The use of coin - operated machines to sell goods is form of ____________

A. Personal selling
B. Retailing
C. Wholesaling
D. Mail - order selling

Question 2:

Which of the following groups is paid first when a firm liquidates?

A. Ordinary shareholders
B. Preference shareholders
C. Debentures holders
D. Cumulative preference shareholders

Question 3:

Which of the following statements is true about sea transport?

A. All ships have specific routes to ply
B. All ships must be insured at every journey
C. All ships are insured separately from the crew
D. All ships normally arrive at their destination with goods

Question 4:

A sole proprietor insured his goods wort 4 200,000 for half the value. There was a fire incident in which goods valuedforall 80,000 were destroyed. The value of compensation expected from the insurer is ____________

A. N 40.000
B. N80.000
C. N N 100,000
D. N200,000

Question 5:

For the establishment of a powerful consumers' association in Nigeria to exist. there must be ____________

A. Financial and moral support from the public
B. Honest and committed leadership
C. Allocation of goods from the producer
D. Freedom from external influence