Post Utme Commerce Past Questions and Answers

Question 41:

In the permanent storage device. DASD means ____________

A. Data Access Storage Device
B. Data Access System Device
C. Direct Access System Device
D. Direct Access Storage Device

Question 42:

A major disadvantage of the privatization policy is that ____________

A. The economy would be private sector
B. Citizens would benefit less from government
C. More money would be brought into circulation
D. Government would lose control of the economy.

Question 43:

Unlimited liability in business implies that the ____________

A. Risk of the owner is limited only to the amount invested
B. Debt are paid in subventions
C. Property of the owners should not be used to secure loans
D. Owners private can be used to settle business debts

Question 44:

An announcement of a person's willingness to enter into a contract is referred to as ____________

A. A proxy
B. An offer
C. A consideration
D. An acceptance

Question 45:

The selling of new shares to existing shareholders is referred to as ____________

A. Public issue
B. Offer for sale
C. Rights issue
D. Bonus issue