Post Utme Commerce Past Questions and Answers

Question 21:

Uncompleted conversion of raw materials is technically referred to as ____________

A. Semi-finished goods
B. Work-in-progress
C. Uncompleted goods
D. Finished goods

Question 22:

I. wholesaling II. Fishing III. Canning IV. Retailing Identify the primary sector

A. I
B. I and 11
C. II
D. III and IV

Question 23:

One of the following aid developments of commerce ____________

A. Importation
B. Competition
C. Trading
D. Specialization

Question 24:

Which of the following materials usually require large initial outlay ____________

A. Capital material
B. Intermediate material
C. Consumer material
D. None of the above

Question 25:

The coming together of two equal firms is ____________

A. Acquisition
B. Merger
C. Holding
D. Partnership