Post Utme Obafemi Awolowo University Commerce Past Questions and Answers

Question 11:

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 12:

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 13:

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 14:

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

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

Question 15:

Which of the following is NOT an advantage derived from working for a large establishment?

A. More fringe establishment
B. Greater specialization is possible
C. A tall career ladder
D. Greater job security